What is Crowdfunding?

Crowdfunding is a method of raising capital or funds for a project or venture by collecting small amounts of money from a large number of people, typically via online platforms. This funding model allows individuals, businesses, or organizations to present their projects or ideas to a broad audience, and people who are interested in supporting the project can contribute financially.

There are various types of crowdfunding, including:

Reward-Based Crowdfunding: Contributors receive non-monetary rewards, such as products, services, or experiences, in return for their financial support.

Equity Crowdfunding: Investors receive a share of the ownership or equity in the project or company in exchange for their financial backing.

Debt Crowdfunding (Peer-to-Peer Lending): Contributors lend money to the project or individual, and the borrower agrees to repay the loan with interest.

Donation-Based Crowdfunding: People contribute funds without expecting any financial return. This type is often used for charitable or personal causes.

Popular crowdfunding platforms include Kickstarter, Indiegogo, GoFundMe, and Seedrs, among others. Crowdfunding has become a popular alternative financing option for startups, creative projects, and individuals looking to bring their ideas to life.

Time-Math will use Reward-based Crowdfunding.
 

How will Time-Math use Crowdfundig platform?

Time-Math will be announced exclusively on a Crowdfunding platform.

There will be 3 models to select from: Basic Version, Stand Version and Education Version. You'll also have to select how many units you want. Once you have selected the items you want, you'll need to apply for payment. Payment will only be applied by the Crowdfunding platform in case of a successful campaign.

The campaign will have a minimum amount of funds to be successful. If this amount is not reached, you'll receive a complete refund. In case the campaign is successful, we'll receive the funds from the Crowdfunding platform and will start with the whole process to bring you the devices you have ordered. This process will take several months for: planning, designing, testing, manufacturing and sending logistics.

Funding campaign will last only for 5 or 6 weeks.

People that have left us their email, will be informed just before launching of the campaign.

There will also be an Early Bird option. This option will only available for a few days and with a limited quantity. The price will be lower than without this option. Early Birds will also receive their Time-Math devices at first.

We'll inform you frequently about our progress.

Several funding goals beyond the minimum funding goal may result in an improved version of Time-Math.

These are just general rules of Crowdfunding platforms. Please get precise information at the corresponding Crowdfunding platform. We'll inform you which platform we'll select.

Why have you set the minimum funding goal that high?

The fixed costs to produce Time-Math are quite expensive, so we need to produce a minimum quantity of around 400 units, to keep the costs affordable.

Is the power adaptor included?

No. The power adaptor is not included. Nevertheless it's a simple USB-C adapter with low-power requirements. We may provide you the references to power adaptors we have tested and have been performing on an excellent way. USB-C cable will be included.

What are the power adaptor's requirements?

The requirements are quite low. USB-C with 20W for the Basic units, and 30W for the Education unit

Are the units prepared to be used outdoors?

The units haven't received any special treatment for extreme temperatures or humidity. They must be operated at normal temperatures & humidity that most electronic devices may support.

If powers have been disconnected, will I have to setup time again?

No. Time-Math includes a RTC (Real Time Clock) with a small battery that can last for many years. So when you power up the unit again, present time is still there. The first time, when you receive the unit, you'll have to setup your local time.

Will the RTC battery be included?

That depends on possible restrictions on your country at sending time. If those restrictions exist, we'll not include the battery and you'll have to obtain one: CR1220. They are easy to find.