# LikeStarter: a Smart-contract based Social DAO for Crowdfunding

## TL;DR

LikeStarter is a blockchain-based social DAO platform that integrates social interactions with crowdfunding, enabling users to raise funds and gain popularity without central authority intervention.

## Contribution

It introduces a decentralized platform combining social networking and crowdfunding via Ethereum-based DAO, allowing active donor participation and profit sharing.

## Key findings

- Successfully integrates social interactions with crowdfunding on blockchain.
- Enables users to raise funds and gain popularity simultaneously.
- Operates without central authority, ensuring decentralization.

## Abstract

Crowdfunding has become a popular form of collective funding, in which small donations or investments, made by groups of people, support the development of new projects in exchange of free products or different types of recognition. Social network sites, on the other hand, promote user cooperation and currently are at the basis of any individuals cyber-interactions. In this paper, we present LikeStarter, a blockchain-based decentralized platform that combines social interactions with crowdfunding mechanisms, allowing any user to raise funds while becoming popular in the social network. Being built over the Ethereum blockchain, LikeStarter is structured as a Decentralized Autonomous Organization (DAO), that fosters crowdfunding without the intervention of any central authority, and recognizes the active role of donors, enabling them to support artists or projects, while making profits.