Project Guidelines

When a user registers for ObenUp.com there is a default 100 Oben dollars credited to your ObenUp wallet. You can use this as your fund to invest into projects or pay listing fee for projects that you post on ObenUp.com

When you are posting a project on ObenUp.com there are few funding options that you can select from- fixed funding and flexible funding. If you choose fixed funding, it means that you will be able to cash the investor's money only after there is enough or more money pledge for the project. It is an all or nothing scenario.

If you choose the flexible funding scenario, you can cash out the money invested into your ObenUp wallet, even if the project does not receive the required amount that was anticipated.

Why would anyone prefer the fixed funding option over the flexible funding, if they can more Oben dollars in flexible funding? In flexible funding, any investor who pledges for a project receives only 2x times his pledge amount on the end date of the project whereas an investor in fixed funding gets 4x his returns. This would encourage and drive the investors to invest in a fixed funding project than in flexible funding project model and hence the chances of the user who posted the project, achieving his goal is higher.

What does fixed and any amount pledge mean?
In fixed pledges the user posting the project decides that each investor can only buy pledge a maximum of some amount on the project, where as in any amount funding, you could have a user pledge any amount he/she wants. It has no upper or lower limit.  

What do I do with all the Oben dollars I accumulate?
You can use these Oben dollars to redeem for special Oben merchandise and any other merchandize of ObenUp.com partners.