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crowdfunding-smart-contract's Introduction

Crowdfunding Smart Contract

What is it?

This is a simple smart contract that acts as an escrow-like account for crowdfunding projects.

Deploying the smart contract

  • Anyone, let's say Bob, deploys the smart contract with the following constructor arguments - (_title, _description, _endDate, _goalAmount)
  • Title
    • Title/name of the crowdfunding project
  • Description
    • Description of the project
  • End Date
    • The date (as a 10 digit unix timestamp) when the escrow ends and the raised funds are transferred to the project creator (same as the deployer of the smart contract)
  • Goal Amount
    • How much the project creator is trying to raise (in WEI)

Features

  • commitFunds()
    • A public, payable function that anyone can send ETH to. Once sent, it will be locked in until either the endDate is reached or they cancel their commitment
  • cancelCommitment(uint _amount)
    • A public function that allows anyone to revoke their commitment or a portion of it (must already have a commitment greater than 0)
  • closeEscrow()
    • A public function that can only be called when block.timestamp >= endDate (aka when the escrow period ends). Once successfully called, any funds held in escrow will get transferred to the deployer of the smart contract
  • goalAmountAchieved
    • A public boolean that tells you if the fundraising goal has been achieved
  • commitmentAmounts
    • A public (address => uint) mapping that allows you to check how much any given address has committed to the project

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