Questions: Who is being rewarded in reward-based crowdfunding? early adopters the entrepreneurs backers customers

Who is being rewarded in reward-based crowdfunding?
early adopters
the entrepreneurs
backers
customers
Transcript text: Who is being rewarded in reward-based crowdfunding? early adopters the entrepreneurs backers customers
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Solution

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Answer

The answer is backers.

Explanation
Option 1: Early adopters

Early adopters are individuals who are among the first to use or adopt a new product or technology. While they may participate in crowdfunding campaigns, they are not specifically the ones being rewarded in reward-based crowdfunding.

Option 2: The entrepreneurs

Entrepreneurs are the ones who initiate the crowdfunding campaign to raise funds for their projects. They are not the ones being rewarded; rather, they are seeking support from backers.

Option 3: Backers

Backers are individuals who contribute funds to a crowdfunding campaign. In reward-based crowdfunding, backers are rewarded with various incentives or perks, such as early access to a product, exclusive merchandise, or other benefits, in exchange for their financial support.

Option 4: Customers

Customers are individuals who purchase products or services. While backers can become customers once the product is available, in the context of reward-based crowdfunding, it is the backers who are specifically rewarded for their support.

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