The purpose of a crowdfunding project can vary, but it typically falls into two main categories:
1. Raising capital: This is the most common intention. Crowdfunding platforms are used by project creators to generate funds for a variety of activities, including setting up a business, supporting tech projects (gadgets, etc.) or creative projects (film, music, etc.), and financing a new product. They raise funds from a huge number of people, in exchange for pre-ordering the goods or receiving a certain kind of reward.
2. Building awareness and community: Even if a project falls short of its funding goal, a crowdfunding campaign may be an effective approach to raise awareness and create a community around a cause or idea. This can be useful for social causes, organizations, and people who are looking for building tech products that will help mankind and society.
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