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We launched a pre-booking system in 2015 and 3 years ago we updated the older version to solve 2 crucial issues at that time: most projects got fully funded within minutes and only some investors were able to participate, we couldn’t technically manage the contracting of the whole project in a few or a few tens of seconds.
Now that times have changed and our system has gone through huge improvements, we have received lots of feedback from investors regarding current pre-booking system not adding any value to their investing process.
We hear you and therefore, are happy to present a new investing system which will go live in October 8.
What will change?
To make it easier to understand how the new system works let’s do a recap on how it used to be.
When a project was launched on the platform then it had a 24h pre-booking period where an investor could only invest once. In case the project didn’t get fully funded within the pre-booking period then it opened to an investing period for whichever long time.
As of October, a new investment opportunity will open to investing straight away without a pre-booking period and is closed once the project is fully funded. Because there is no pre-booking period you can invest multiple times once the project has launched. An example, Autoinvest invested 500€ and you manually add 200€ to the same project.
Last but not least, Autoinvest and manual investments will no longer be distributed proportionally. With one exception – if a new project is already overfunded with Autoinvest investments then these investments will be distributed.
Long story short there is no pre-booking period, you can invest multiple times and the project will close to investing once it’s fully funded. Sounds good? 🙂
If there is anything unclear or you have additional questions, feel free to write to us via firstname.lastname@example.org. But do keep in mind that the best way to fully understand how it all works is to give it a try yourself in October.
We also would like to thank all investors who shared their feedback and recommendations regarding this matter.