Wonderground Cloud-funding Website

Wonderground: Region-Based Real Estate Crowdfunding Platform

Wonderground is an IT specialist company that has developed a region-based real estate crowdfunding platform. This platform provides a web-based system where users can raise funds for real estate projects, including land and buildings. This portfolio details how Wonderground built this platform, including the technologies and features used.

Project Overview

Wonderground developed this real estate crowdfunding platform to promote the development and participation of local communities. The platform comprises two main user groups: 'proposers' who propose crowdfunding projects and 'applicants' who review and invest in these proposals. Proposers register their real estate projects on the platform, and applicants can review these projects to make investment decisions.

Key Features

Crowdfunding Proposal and Approval Process: Proposers enter all relevant details about their real estate projects on the platform. This information includes the project's purpose, estimated costs, returns, location, and more. Administrators review these proposals and decide whether to approve them. Approved proposals are posted on the platform's funding details page, allowing applicants to invest in the projects.

Funding Goals and Payment System: Each funding project has a set start and end date. Applicants can invest funds until the end date, and if the target amount is reached, the crowdfunding is successfully concluded. In successful funding cases, all funding requests are collectively accepted, and payments are processed. The funded amount, minus the Payment Gateway (PG) fee and platform fee, is used as the funding amount.

Utilization of Location Information: The platform uses latitude and longitude information to accurately display the location of each real estate project. This feature helps applicants easily understand the geographical location of projects, aiding in their investment decisions.

Payment Method: The Wonderground platform adopts a secure payment method using PG escrow services. This protects investors' funds and ensures safe transactions.

Technologies Used

Wonderground's real estate crowdfunding platform was developed using the following technologies:

• Classic ASP: Classic ASP was used to handle the server-side logic of the web application. This allows for stable and efficient web development.
• MS-SQL: MS-SQL was used for database management. It enables the processing of large-scale data and ensures quick searches and data integrity.

Conclusion

Wonderground's real estate crowdfunding platform promotes local community development and provides opportunities for anyone to participate in real estate investments. The platform simplifies the real estate investment process and ensures transparency through a secure and efficient payment system and a user-friendly interface. Moving forward, Wonderground will continually improve and develop the platform to provide better services.

This portfolio provides an overview and details of the successfully developed real estate crowdfunding platform by Wonderground, raising expectations for future projects and service advancements.