# Funding projects

### **Overview of Funding Models**

FunDeSci offers two innovative funding models to support scientific research and creativity:

1. **Crowdfunding**: This model allows contributors to fund projects collaboratively. Researchers create projects, and when contributors donate, they receive commemorative NFTs as a token of appreciation. The Crowdfunding model operates on a "Keep-it-all" basis, where projects receive the funds contributed regardless of whether they reach their final goal.
2. **Fundraising Auction**: In this model, researchers auction NFTs that represent their projects. This creates a dynamic and competitive bidding environment. The auctions are based on an "All-or-Nothing" funding model, meaning projects only receive funds if the auction goal is met within the specified timeframe.

### **Discovering Projects**

On FunDeSci, you have the power to contribute to the scientific projects that inspire you. Begin by exploring the array of projects seeking support:

1. **Navigate to Projects**
   * Click on the "Projects" button in the header menu to view all active projects.
2. **Filtering Options**
   * Tailor your search using filters to find projects that align with your interests:
     * **Funding Model**: Choose between "Crowdfunding" and "Fundraising Auction."
     * **Categories**: Select from Arts and Humanities, Science and Mathematics, Agricultural Sciences, Medicine and Health, Social Sciences, and Engineering and Technology.
     * **Currency Token**: Filter projects based on the token they accept for funding.
     * **Price Range**: Adjust the slider to match the funding amount you’re comfortable with.
     * **Project State**: Look for projects in different stages such as Open Calls, Closed Call, Successfully Funded, Ending Soon, and Nearly There.

<figure><img src="https://854016170-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY9QlrrAlGXAAd5LogEmi%2Fuploads%2FPomVGsoFep4qGJdexqj2%2Fimage.png?alt=media&#x26;token=11752122-d5bf-4e6e-b22f-bfb72b907e52" alt=""><figcaption><p>Explore projects and filter them</p></figcaption></figure>

### **Funding a Crowdfunding Project**

To contribute to a Crowdfunding project:

1. **Connect Your Wallet**: Link your digital wallet to participate in crowdfunding.
2. **Prepare for Minting**: The platform will initiate communication with the contract, generate NFT metadata, and store it on IPFS.
3. **Approve Asset Allocation**: Authorize the spending cap of your asset for fundraising.
4. **Mint and Receive Fundraising NFT**: Sign the transaction to mint your fundraising NFT, which will be sent directly to your wallet.

<figure><img src="https://854016170-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY9QlrrAlGXAAd5LogEmi%2Fuploads%2F98t6QjZ623Xn36sVXxew%2Fimage.png?alt=media&#x26;token=5f47bc22-130f-4473-b752-b89fce06ab72" alt=""><figcaption></figcaption></figure>

📌 *Tip: Make sure you have the required token stated next to the donation amount field in your wallet.*

<figure><img src="https://854016170-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY9QlrrAlGXAAd5LogEmi%2Fuploads%2FabHBpkwWNrfUoCh1jqM4%2Fimage.png?alt=media&#x26;token=48559c93-037d-4378-b014-b8c6959fda9f" alt=""><figcaption></figcaption></figure>

### **Participating in a Fundraising Auction**

To bid in a Fundraising Auction:

1. **Connect Your Wallet for Bidding**: Link your digital wallet to participate in NFT bidding.
2. **Approve Spending Cap**: Authorize a maximum spending limit for bidding in the NFT auction.
3. **Place Your Bid**: Enter an amount higher than the floor price and the current highest bid, then sign the transaction to submit your bid.

📌 *Note: You cannot bid on your own projects. If your bid is the highest at the auction's close, you will win the NFT of that project.*

### **Additional Step for Both Models**

If your wallet is set to the wrong network:

* **Switch to Correct Network**: The system will prompt you to switch your wallet to the correct blockchain network specified by the project.

### **Funding Flow and Confirmation**

During the funding process, a pop-up will track your progress, checking off each step upon completion. Please be attentive to the following:

* **Transaction Signing**: Some steps will require you to sign transactions in your wallet.
* **Blockchain Finality**: Wait for confirmation of transactions on the blockchain, which might take a moment.

❗ *Important: Avoid refreshing the page or closing your browser during the funding process. However, if an interruption occurs, the system can resume the process from where it was left.*