FAQ

Mubiz

How does Mubiz work ?

Mubiz registers, checks and introduces its users' submitted projects. Mubiz then publishes a Bitcoin's public address dedicated to the project's fundraising. When the project's imparted time is up, if it managed to raise enough to meet its goal, the funds are transfered to the project manager at each step of its realisation. If the project failed to raise enough to meet its goal, the money collected is transfered back to the public address of its backers.

Thus all of Mubiz's operations are public and auditable on Bitcoin's blockchain.

What's Bitcoin ?

Bitcoin is a way to store and transfer funds, via the Internet, without a trusted third party. To achieve this, Bitcoin uses a list of all transactions completed called a 'blockchain' which is distributed on servers all accross the world.

To understand Bitcoin's operating principles you are invited to check the explanation page on E-mProvement : "What's Bitcoin ?". You can also check the presentation of Bitcoin's growth indicators.

Invest

How much does signing up to Mubiz costs?

Signing up and using Mubiz as a backer is free of charge.

How much does signing up to Mubiz costs?

Signing up and using Mubiz as a backer is free of charge.

How much does signing up to Mubiz costs?

Signing up and using Mubiz as a backer is free of charge.

Hold a projet

Who stores the bitcoins during the fundraising?

Upon a project's publishment, Mubiz generates a Bitcoin address dedicated to the project's fundraising campaign. The private key is stored by Mubiz throughout the time it takes for the backers to fund the project. Gathered funds are then transfered to the project manager in accordance with the schedule implemented at the time of publishing.

Who garantees the reimbursment in case the fundraising fails?

If the project does not meet its goal, Mubiz reimburses the public addresses of the funds already collected. If the backer says so upon contributing to the project another public address could be used to receive the reimbursment or the funds could be transfered to another project.

How much does using Mubiz costs?

For the crowdfunding phase, Mubiz uses exclusively uses the Bitcoin network. It allows Mubiz to have a fee rate much lower than other main crowdfunding plateforms. The rates are :
-> 5%, if the project meets its goal.
-> Free if the project fails to meet its goal.

The fees linked to the use of the Bitcoin network (typically 0,01 euros per transaction) fall to the emmiter of the transaction.

Privacy and security

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