The Bitcoin model for crowdfunding dispenses with everything except the software:

• Write software to power a completely distributed network in which any node can participate anonymously.

• Allocate scarce resources in the network using a scarce token – an “Appcoin”. Users need this Appcoin to use the network. Owners of scarce resources get paid in Appcoins.

• Pre-mine or early-mine Appcoins and keep some non-threatening amount. These are shares of your company, equity that will appreciate in value if the network is adopted.

• Give network operators the ability to collect new Appcoins in proportion to their contribution. Route a small fraction of each transaction output to the developer foundation (Mastercoin does this). These revenues are used to pay for operations, and bounties for ongoing development.

• As network usage increases, so does equity value and revenue.

• Anyone can buy Appcoins, anywhere, anytime, anonymously. Ship your code, ring the IPO bell.

This is true crowdfunding – get funded by your users in proportion to their usage. Reward early adopters, network operators, and developers with upside.

The Bitcoin Model for Crowdfunding by Naval Super smart. (Source: startupboy.com )