Bitcoin crowdfunding platform Geyser announced the release of a new feature, called Launchpad, changing the way creators gain access to Geyser’s core crowdfunding tools. This new mechanism is meant to begin to reframe campaign qualification to focus on social traction that can be measured and proven. Creators get only 30 days to put drafts listings into a public stream on the Launchpad. They have to recruit a minimum of 21 supporters to fully unleash the power of their campaigns.

During 2024, Geyser held more than 1,050 projects, refunded more than 22,000 transactions, and delivered about $708,000 in funding. Average transaction size on Geyser’s platform has increased to 32,000 sats in 2024, worth around $21 today. Geyser had sent and received almost 30 BTC from over 50,000 donors in its first two years.

Launchpad's Social Traction Requirement

Geyser’s Launchpad mandates that creators put draft listings into a public stream for 30 days. During this period, creators cannot receive funding. To gain access to full campaign capabilities, creators need to obtain a minimum of 21 followers.

Once a creator reaches their threshold, Geyser will automatically notify all of their supporters by email. Afterwards, it will automatically turn the listing into a customizable crowdfunding page. Geyser’s Launchpad is designed to reframe campaign qualification to be based on social traction that can be measured.

Geyser's creators may bypass the waiting period by paying a $21 BTC fee upfront or after an unsuccessful 30-day cycle. That means it offers a second path, other than the traditional approach, for anyone looking for fast access to cash.

Platform Fees and Lightning Node Integration

Geyser takes a 5 percent platform fee, the industry standard. Geyser's platform fee falls to zero for users who self-host a Lightning node, incentivizing node operation and decentralization.

According to Geyser, reward-based campaigns outperform donation-only campaigns by 3.3 times. This points to the value of providing clear motivation to potential contributors.

To create a simple user experience, Geyser hooks into Lightning nodes. This, combined with their unique reward-based campaigns, is a clear demonstration of their dedication to innovation within the Bitcoin ecosystem. These attributes significantly improve the platform’s usability and accessibility to a diverse array of users.

Geyser's Performance Metrics

2024 Geyser welcomed more than 1,050 active projects, processed over 22,000 transactions, and helped raise nearly $708,000 in funding. Overall average transaction size across Geyser’s platform has increased to 32,000 sats in 2024 (~$21).

Geyser in its first two years had moved over 30BTC across more than 50,000 non-monetary contributors. These extraordinary metrics highlight just how influential and useful the platform has become in the Bitcoin ecosystem.

Both these numbers are indicative of the growing adoption of Bitcoin and the burgeoning interest in crowdfunding initiatives in the crypto space. Geyser’s new creator platform is an important service for creators that are looking for funding to support their work.