Geolocation-based crowdsourcing platform where people contribute money to local projects they want to see created in return for a store credit worth four times the amount of investment.
A way for communities to crowdfund their development.
Make it easy for locals to express what should exist in their area but doesn't.
Make it easy for entrepreneurs to start projects that benefit local communities.
People could fund local projects that they would like to use as a customer. Since they would have spent their money there anyway, why not pay it forward to get the business started? Then get the investment back as credit to be used when the business is running.
A way for people to get more cool projects that wouldn't have been created otherwise in their local areas.
A geolocation based crowdsourcing platform where people can browse the map to see proposed projects in their future locations. For each project there are details about the would-be founder, design muckups, business plan, estimated cost, etc.
People can then crowdfund the project that they would like to see created.
Projects at different stages
Anyone can recommend projects. Even outlandish ones. People can like/comment on each proposal. They can "soft pledge" their support for projects that are not yet ready for investments. When someone steps up and makes a project feasible/investable, all those who soft-pledged are called upon to actually invest.
Investment as future "store credit"
The money people pledge for a project gets quadrupled back as a future store discount. They pay prices without profit until their credit runs out. After that, they receive a lifetime discount on all purchases at the business.
People pledge whatever amount they are ready to invest but aren't actually charged until enough money has been pledged to complete the project. How can this be done without a percentage of people changing their minds and not going through with the investment when the time to pay comes?
A law firm temporarily holds all the funds. This is not ideal because there is cost and work involved with just returning the funds if the project doesn't attract enough investments
Cryptocurrencies come with an easy way of doing this. Everyone creates transactions that require 2 out of 3 signatures. One is the sender, 2nd is the recipient and the 3rd signature is provided by a law firm. The law firm approves all transactions if enough money has been pledged to cover the project or signs a refund so that each sender can take their money back.
I'm sure there are other suitable ways that I don't know about
People are made aware that there are no guarantees and there is a good chance that their investment could be lost. They are betting that the prospective project creator would do a good job of bringing the project to life.