TF Empires is a rewards based crowdfunding platform designed for entrepreneurs (referred to as “Founders”) and backers who support projects. It allows founders to create, launch, and manage projects while offering backers the opportunity to contribute funds to help bring those projects to life.
The platform is flexible, offering both founders and backers different pathways. Founders can create projects with customizable deadlines, and after a successful campaign, they can sell their products on connected platforms like Luxauro.com. Backers can support/fund projects & inspire entrepreneurs.
TF Empires distinguishes itself with a system where each project operates independently, which means that even if a branch project is successful, it doesn’t guarantee the success of the main project.
Passionate Interest: Backers may be passionate about the project’s mission, vision, or creative concept, and want to contribute to its success.
Exclusive Rewards: Projects often offer exclusive rewards or perks to backers, such as early access to products, limited-edition merchandise, or personalized experiences.
Supporting Innovation: Backers may be drawn to projects that introduce innovative ideas, technologies, or solutions to address specific challenges or needs.
Community Engagement: Backing a project allows individuals to engage with like-minded individuals who share similar interests and values, fostering a sense of community and belonging.
Making a Difference: Backers may want to make a positive impact by supporting projects that align with their values, whether it’s promoting sustainability, cultural enrichment, etc..
Access to Unique Experiences: Some projects offer backers the opportunity to participate in unique experiences or events, such as behind-the-scenes tours, meet-and-greets with creators, or exclusive previews.
Personal Connection: Backers may have a personal connection to the project creator or subject matter, such as supporting a friend’s artistic endeavor or backing a project that resonates with their own experiences or background.
Supporting Small Businesses and Entrepreneurs: Many backers are passionate about supporting small businesses, independent creators, and entrepreneurs, knowing that their contributions can make a significant difference in helping them achieve their goals and dreams.
You may withdraw your pledge at any time, with the exception of the 48 hours leading up to the founder’s scheduled withdrawal of funds. For further details, please refer to our Terms of Use.
Pros:
Cons:
Overall, backing a rewards based crowdfunding project presents thrilling opportunities to champion innovation and enjoy exclusive rewards. Embrace the excitement of being part of something new and groundbreaking! Just remember, it’s wise to take a moment to weigh the potential risks and do your homework before diving in. Your support could make all the difference!
The best way to communicate with the founders is through Luxauro Connect or possibly through email.
If you have a TF Empires account then you already have a Luxauro Connect account!
No, TF Empires is rewards based crowdfunding; backing projects does not give you a share in the company.
Backing crowdfunding projects can be risky due to factors like project success uncertainty, potential delays, product quality issues, communication challenges, and financial risks. However, many backers find the experience rewarding despite these risks. Conducting thorough research can help mitigate some of the associated risks.
Creating a rewards based crowdfunding campaign offers several compelling draws for entrepreneurs and creators:
Access to Funding: Rewards based crowdfunding provides access to a large pool of potential backers who are willing to support innovative ideas, products, or projects. This can be especially beneficial for individuals or startups who may have difficulty securing traditional financing.
Creative Freedom: Rewards based crowdfunding offers creators the freedom to pursue innovative ideas and projects that may not be feasible through traditional funding channels. This allows for greater creativity, experimentation, and risk-taking, empowering creators to bring their visions to life on their own terms.
Marketing and Exposure: Crowdfunding campaigns serve as powerful marketing tools, generating buzz, publicity, and media coverage for the product or project. TF Empires itself provides a platform for exposure, reaching potential backers and customers.
Pre-Sales and Pre-Orders: Rewards based crowdfunding allows creators to generate revenue and secure pre-orders for their products or projects before they are fully developed or launched. This can help cover initial production costs, validate demand, and mitigate financial risk.
Overall, the draw to creating a crowdfunding campaign lies in its ability to provide access to funding, validate ideas, engage with a supportive community, exercise creative freedom, and leverage marketing and exposure opportunities.
Being the founder of a rewards based crowdfunding project can involve some level of risk, but it also offers numerous opportunities for success. Here are some factors to consider:
Risks:
Funding Uncertainty: There’s no guarantee that your project will reach its funding goal, and if it falls short, you may not receive any funds at all.
Execution Challenges: Bringing a project to fruition can be complex and challenging, requiring effective planning, organization, and execution. Unexpected obstacles or setbacks may arise along the way.
Accountability: As the project creator, you’re accountable to your backers for delivering on your promises. Failing to fulfill rewards or meet expectations can damage your reputation and credibility.
Financial Responsibility: Managing funds responsibly is crucial. Mismanagement of funds or underestimating expenses can lead to financial difficulties and project failure.
Opportunities:
Access to Funding: Rewards based crowdfunding provides access to a large pool of potential backers who are willing to support your idea, giving you the opportunity to raise funds without traditional financing avenues.
Market Validation: A successful crowdfunding campaign can serve as validation of market demand for your product or idea, providing valuable feedback and insights from backers.
Community Building: Crowdfunding allows you to build a community of supporters who are invested in your project’s success, providing ongoing support, feedback, and advocacy.
Creative Freedom: Crowdfunding gives you the freedom to pursue innovative ideas and projects that may not be feasible through traditional funding sources, allowing you to bring your vision to life on your terms.
While there are risks involved in being the founder of a rewards based crowdfunding project, with careful planning, dedication, and execution, you can maximize the opportunities for success and bring your project to fruition.
Regardless of the amount of funding your project receives, it ultimately remains your decision if the funds are sufficient to bring your project to life. This ensures that if there are changes in the economy that may impact the development of your project, you have the power to adapt your plans accordingly. While your funding goal can be adjusted, we advise setting it and maintaining it throughout your campaign. Not only does TF Empires provide flexibility with your funding goal with approval, but also with the funding deadline.
No. All child projects and parent projects are independent of each other.
No. If a founder determines that a successfully funded child or grandchild project does not need the main project in order to operate, then the founder can process the funds of the child or grandchild project.
TF Empires charges a 4% referral fee.
If you have a TF Empires account then you already have a Luxauro Connect account!
Once you as a Founder have received the necessary funds and the campaign time has been fulfilled, you may submit a request to us to process the funds according to our Terms of Use. If you’ve secured adequate funding for your project and wish to conclude your campaign ahead of schedule, please make a request to process the funds. We’ll adjust your project’s end date to occur 4 business days after the date you send an email notifying your backers of the success of your project. This ensures ample time (2 days prior to funds being locked-in for processing) to inform your backers of the early closure due to successful funding & a 48-hour period preceding fund processing, after which backers may no longer withdraw their funds. TF Empires (info@tfempires.com) must be Cc in on the email or the funds may not be able to process.
There is not a specified maximum number of days that you can run a campaign on TF Empires, however, we most likely will not approve any campaign length beyond 90 or 120 days. We recommend that you start with a 30 or 60 day campaign and then if you wish to extend it, you may submit a request to us for review.
TF Empires allows a wide range of projects on it’s site, however there are a few exceptions which include the following:
Prohibited Projects include:
Gambling, lotteries, or other forms of Rewards that are not guaranteed.
Drugs, Nicotine, Tobacco, Vaporizers and Related Paraphernalia, and Alcohol
Investments and Profit Sharing
Financial or Credit Services
Offensive, Harassing, Hate Speech, and discriminatory content
Pornographic and Sexually Explicit Content
Promotion of Violence
Firearms and ammunition
Human or Animal Remains
Live Animals
Pharmaceuticals and Medications
for more details on prohibited content please see: https://tfempires.com/tf-empires-project-guide/
For any further questions contact us here.
No, backers do not receive a share in your company when they back your project on TF Empires.
You can cancel your campaign at anytime before the backers’ funds are processed. Processing of funds makes your commitment with the backers legally binding.
