How are Goals Funded?

Discover how Goals are funded in Morgis and learn how Friends can pledge Morgis towards the completion of a Goal. Find out how you can encourage your connected Friends and offline fans to support your Goals.

Estimated Reading Time: 2 minutes

1. Friends' Contributions: Friends have the opportunity to pledge Morgis towards the completion of a Goal. When they see a Goal that interests them, they can choose to back it by pledging a certain amount of Morgis.
2. Encouraging Support: While Friends within the Morgis platform will have access to a feed showcasing new Goals, it's also important to encourage your connected Friends and fans outside the platform to back your Goals. The more support you receive, the closer you'll be to achieving your Goal.
3. Conditional Spending: Friends who back a Goal by pledging Morgis will only spend their pledged amount if the Goal reaches 75% or more of its funding target. This ensures that the Goal receives sufficient support before any money is spent.

You can choose between three types of Goals: Snap Goals for relatively small sums within a week, Special Goals for things that need a larger investment and up to a month, and Grande Goals for truly ambitious aspirations that can take up to three months.

The funding of Goals in Morgis relies on the pledges of Morgis made by Friends. By encouraging support from both your connected Friends within the platform and fans outside of it, you increase the likelihood of achieving your Goal.