📃Drafting a Solution
Once you have a concrete plan to implement an Idea, you can draft a Solution from an Idea page.
Funding parameters
When drafting a Solution, you'll need to answer the following questions.
How much funding do you need?
You can raise a small amount to accomplish the first milestone of your Solution and then extend the funding goal and deadline.
What token do you want people to fund with? (The default is UPD.)
Choose a token that will be convenient for funders. Everyone on Updraft will already have UPD. You can also choose a token with a stable value (a stablecoin) to make sure the goal amount doesn't change during the fundraising period.
How much time do you need to raise the required funds (deadline)?
Shorter deadlines are attractive to funders because they know they can get a refund sooner if the goal fails.
How many tokens should you 💎 stake?
A stake is an optional way to increase the chance of funding by offering an additional reward if the goal isn't met.
How high should you set the 🎁 funder reward?
A funder reward allows funders to earn a percentage of contributions that come after theirs. Setting this is a balance between rewarding funders and leaving more for your Solution.
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