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Definition: crowdfunding


Online fundraising. Crowdfunding over the Internet reaches a huge audience, and billions are raised each year by this method for both small and large projects. For social causes, many more people may donate a couple of dollars to support something they like rather than give $100, $50 or even $25. Crowdfunding is also the popular method for launching new crypto tokens (see crypto fundraising). See crowdsale, Kickstarter and Indiegogo.