Multi-Round Campaigns

Multi-round campaigns allow producers to raise funds through up to 5 sequential funding rounds for a single project. This innovative approach provides flexibility for staged production while maintaining the all-or-nothing protection that RedCarpetHQ is known for.

Overview

Unlike standard campaigns that run a single funding round, multi-round campaigns enable you to:

Raise funds in stages aligned with your production timeline

Collect funds incrementally after each successful round

Adapt your strategy based on previous round performance

Maintain one campaign story across all rounds

Control market launch timing after completing your funding journey

Key Differences from Standard Campaigns

Standard Campaign

Single funding round

All-or-nothing: reach floor or everyone gets refunded

Funds released after successful completion

Token launches to market immediately after finalization

Maximum 270 days duration

Multi-Round Campaign

Up to 5 sequential rounds

Each round is all-or-nothing independently

Funds released after each successful round

Creator controls when to launch token to market

Maximum 548 days (18 months) total duration

Same campaign story for all rounds

How Multi-Round Campaigns Work

Campaign Structure

``Campaign: "The Last Frontier" (Sci-Fi Feature Film) ├── Round 1: Pre-Production ($50,000) ├── Round 2: Principal Photography ($150,000) ├── Round 3: Post-Production ($75,000) ├── Round 4: VFX & Sound ($100,000) └── Round 5: Marketing & Distribution ($50,000)

Total Potential: $425,000 across 5 rounds`



Round-by-Round Process

Creating Your Campaign:
1. Set up campaign details (story, team, visuals) - used for all rounds
2. Create Round 1 with its own floor, ceiling, and timeline
3. Deploy campaign to blockchain
4. Campaign launches with Round 1

After Round 1 Ends:
If Successful: Collect funds, create Round 2 (or finalize)

If Failed: Users get refunds for Round 1. Note: Current protocol logic requires at least one successful round to continue. If Round 1 fails, the campaign must be restarted as a new campaign address.


Continuing Rounds:
Create rounds 2-5 sequentially after previous round ends

Each round has independent floor/ceiling/timeline

Decide after each round: continue or finalize


Finalization:
When ready, finalize campaign to launch token to market

Can finalize after any successful round (don't need all 5)

Token supply = sum of all successful rounds


Hard Limits & Constraints

Maximum Limits

| Constraint | Limit | Reason |
|------------|-------|--------|
| Total Rounds | 5 rounds | Prevents indefinite fundraising |
| Campaign Duration | 548 days (18 months) | Ensures timely project completion |
| Round Gap (Min) | 7 days | Allows planning between rounds |
| Round Gap (Max) | 90 days | Maintains momentum |
| Failed Round Cooldown | 14 days | Recovery period after failure |

Floor Requirements

Each new round's floor must be at least 50% of the last successful round's floor:

`Example: Round 1: Floor $100,000 → Success Round 2: Floor must be ≥ $50,000 (50% of Round 1) Round 3: Floor must be ≥ 50% of Round 2's floor`



Why this matters:
Prevents "pump and dump" with progressively smaller rounds

Ensures meaningful funding in each round

Protects early supporters from dilution


What You CAN Do

✅ Campaign Creation

Initial Setup:
Create campaign with Round 1 parameters

Set Round 1 floor, ceiling, overage type

Set Round 1 start and end times

Choose funds recipient address

Write campaign story (used for all rounds)


Round Management:
Create rounds 2-5 one at a time after previous round ends

Set different floor/ceiling for each round

Set different timelines for each round

Use same overage types or different ones per round


✅ Fund Collection

After Each Successful Round:

Collect funds immediately via collectRoundFunds()

Or collect all uncollected funds via collectAllFunds()


Funds go directly to your recipient address

Use funds for production while campaign continues


Important: Once you collect funds from a round, those funds are yours to keep even if you later cancel the campaign.

✅ Cancellation & Refunds

Cancel Current Round:
Cancel the active round if it's not going well

Users get refunds for that round only

Previous successful rounds keep their tokens

Restriction: You can only cancel if you have NOT collected any funds yet.


Cancel All Rounds:
Cancel entire campaign at any time BEFORE collecting funds

All uncollected rounds become refundable

Important: Once you call collectRoundFunds() or collectAllFunds(), the campaign is locked into the finalization path and CANNOT be cancelled.


Campaign marked as finalized after successful rounds conclude (cannot continue)


✅ Finalization Control

When to Finalize:
After any successful round (don't need all 5)

When you've raised enough for your project

When 548 days duration is reached

When you're ready to launch token to market


Finalization Options:

Creator Finalize: Call creatorFinalizeAllRounds() after 7 days from last round


Public Finalize: Anyone can finalize after 30-day creator grace period

Automatic: Forced after 548 days or when conditions met


What You CANNOT Do

❌ Pre-Set All Rounds

You cannot:
Create all 5 rounds at campaign start

Pre-commit to a specific number of rounds

Set parameters for future rounds in advance


You must:
Create rounds one at a time

Wait for previous round to end

Create next round only after previous round concludes


❌ Modify Round Parameters

Once a round is created, you CANNOT change:
Floor amount

Ceiling amount

Overage type

Start time

End time

Any round parameters


Workaround:
Cancel the current round

Wait for it to end

Create new round with correct parameters


❌ Skip or Reorder Rounds

You cannot:
Skip round numbers (must go 1→2→3→4→5)

Create Round 3 before Round 2

Go back to edit previous rounds

Delete rounds once created


❌ Extend Individual Rounds

Unlike standard campaigns:
No extension feature for multi-round campaigns

Each round has fixed start/end times

Cannot extend deadline once set

Plan round duration carefully


❌ Pause or Reactivate

You cannot:
Pause an active round

Reactivate a cancelled round

Restart a failed round

Pause the entire campaign


Timeline & Scheduling

Campaign Duration Calculation

`Day 0: Create Round 1 (campaign start) Day 1: Round 1 begins (30 days) Day 31: Round 1 ends Day 38: Create Round 2 (7-day minimum gap) Day 39: Round 2 begins (45 days) Day 84: Round 2 ends ... Day 548: DEADLINE - Must finalize`



Total duration = Time from Round 1 creation to finalization (max 548 days)

Gap Requirements Between Rounds

Minimum Gap: 7 Days
Allows time for planning next round

Lets community prepare

Gives you time to collect funds


Maximum Gap: 90 Days
Prevents indefinite delays

Maintains campaign momentum

Keeps community engaged


After Failed Round: 14 Days
Extra cooldown period

Time to reassess strategy

Prevents hasty decisions


Example Timeline

Successful Multi-Round Campaign:`Jan 1: Round 1 created - Pre-Production ($50k floor) Jan 5: Round 1 starts (30 days) Feb 4: Round 1 ends - SUCCESS ($75k raised) Feb 5: Collect Round 1 funds Feb 12: Create Round 2 - Production ($100k floor) Feb 13: Round 2 starts (60 days) Apr 14: Round 2 ends - SUCCESS ($150k raised) Apr 15: Collect Round 2 funds Apr 22: Create Round 3 - Post-Production ($75k floor) Apr 23: Round 3 starts (45 days) Jun 7: Round 3 ends - SUCCESS ($90k raised) Jun 8: Collect Round 3 funds Jun 15: Finalize campaign (3 successful rounds) Jun 15: Token launches to market`

Campaign with Failed Round:`Jan 1: Round 1 created ($50k floor) Jan 5: Round 1 starts (30 days) Feb 4: Round 1 ends - SUCCESS ($60k raised) Feb 12: Create Round 2 ($75k floor) Feb 13: Round 2 starts (60 days) Apr 14: Round 2 ends - FAILED ($45k raised, below floor) Apr 28: Create Round 3 (after 14-day cooldown) Floor must be ≥ $30k (50% of Round 1 success) Apr 29: Round 3 starts (45 days) Jun 13: Round 3 ends - SUCCESS ($50k raised) Jun 20: Finalize campaign`Note: Round 2 failure did not end the campaign because Round 1 was successful.



Financial Management

Fund Collection Strategy

Option 1: Collect After Each Round`solidity collectRoundFunds(token, roundId)`

Get funds immediately after each success


Use for production as you go

More flexible cash flow

Risk: If you cancel later, collected funds are not refundable

Option 2: Collect All at End`solidity collectAllFunds(token)`

Collect all uncollected rounds at once


Useful if finalizing early

Simpler accounting

Benefit: Can still refund uncollected rounds if you cancel


Refund Scenarios

Scenario 1: No Funds Collected, Then Cancel`Round 1: Success ($50k) - NOT collected Round 2: Success ($75k) - NOT collected Cancel All Rounds → All supporters get full refunds`

Scenario 2: Some Funds Collected, Then Cancel`Round 1: Success ($50k) - COLLECTED ✓ Round 2: Success ($75k) - COLLECTED ✓ Round 3: Success ($40k) - NOT collected Cancel All Rounds → Round 1 & 2: NO REFUNDS (funds already taken) → Round 3: Full refunds available`

Scenario 3: Mixed Success/Failure`Round 1: Success ($50k) - Collected Round 2: Failed ($30k) - Refundable Round 3: Success ($60k) - Collected Round 4: Cancelled - Refundable → Rounds 2 & 4: Users can claim refunds → Rounds 1 & 3: No refunds (successful + collected)`



Success Criteria & Finalization

What Counts as "Successful Campaign"?

A multi-round campaign is successful if at least one round succeeds:

`Round 1: Success ✓ Round 2: Failed ✗ Round 3: Failed ✗ Round 4: Success ✓ Round 5: Not created



Result: SUCCESSFUL CAMPAIGN
Can finalize and launch to market

Token supply = Round 1 + Round 4 tokens

Rounds 2 & 3 users get refunds



Finalization Timing

Creator Can Finalize When:
At least 1 successful round exists

Current round has ended

One of these conditions is met:

7+ days since last round ended (Minimum gap)

All 5 rounds created (Max reached)

548 days since campaign start (Duration limit)


Public Can Finalize When:
30 days after last round ended (Creator grace period)

OR 90 days after last fund collection

OR 548 days since campaign start

Public finalizer receives 100 USDC reward (if available in payment tokens)


Market Launch

When you finalize:
1. Token supply permanently locked (no more minting)
2. Market trading enabled
3. Lending/borrowing features activated
4. Contest participation available
5. Dividend distribution possible
6. Token ownership renounced (decentralized)

Best Practices

Planning Your Rounds

✅ Do:
Align rounds with production phases

Set realistic floors for each round

Plan 30-60 day rounds for momentum

Leave 7-14 day gaps for planning

Communicate round strategy upfront


❌ Don't:
Create rounds without clear purpose

Set floors too high for later rounds

Rush into next round without planning

Exceed 90-day gaps between rounds

Collect funds if you might cancel


Communication Strategy

Before Each Round:
Announce next round 1-2 weeks in advance

Explain what funds will be used for

Share production updates from previous round

Set expectations for timeline


During Each Round:
Post weekly updates

Share behind-the-scenes content

Respond to questions daily

Celebrate milestones


Between Rounds:
Report on fund usage

Show production progress

Preview next round plans

Thank supporters


Risk Management

Protect Your Supporters:
Only collect funds when you're confident

Don't collect if project viability uncertain

Cancel early if project won't succeed

Communicate challenges honestly


Protect Yourself:
Set conservative floors

Plan for contingencies

Don't over-promise

Keep detailed records


Common Questions

Q: Do I have to create all 5 rounds?  
A: No. You can finalize after any successful round. Many campaigns use 2-3 rounds.

Q: Can I change my mind about the number of rounds?  
A: Yes. You decide after each round whether to continue or finalize.

Q: What if Round 2 fails but Round 1 succeeded?  
A: You can create Round 3 after a 14-day cooldown. Round 1 supporters keep their tokens, Round 2 supporters get refunds. Note that at least one successful round must exist to continue the campaign.

Q: Can I edit a round after creating it?  
A: No. Round parameters are immutable. You must cancel and recreate with correct parameters.

Q: What happens if I collect funds then cancel?  
A: Collected rounds are NOT refundable. Only uncollected rounds can be refunded. This is a critical decision point.

Q: Can supporters trade tokens before finalization?  
A: No. Trading only activates after you finalize the campaign.

Q: How long can I wait between rounds?  
A: Minimum 7 days, maximum 90 days. After a failed round, minimum 14 days.

Q: What if I reach 548 days?  
A: Campaign must finalize. You cannot create more rounds. Public finalization becomes available.

Q: Can I run multiple multi-round campaigns simultaneously?  
A: Yes, but each campaign is independent. Manage them separately.

Q: What's the minimum floor for Round 2 if Round 1 was $100k?  
A: At least $50,000 (50% of Round 1's floor).

Technical Details

Smart Contract Functions

Creating Rounds:`solidity // First round (campaign creation) createFirstRound(name, symbol, paymentToken, floor, ceiling, overageType, fundsRecipient, startTime, endTime, additionalCreators)

// Subsequent rounds createNextRound(token, floor, ceiling, overageType, startTime, endTime)`

Fund Management:`solidity // Collect single round collectRoundFunds(token, roundId)

// Collect all uncollected rounds collectAllFunds(token)`

Finalization:`solidity // Creator finalization creatorFinalizeAllRounds(token)

// Public finalization (after grace period) publicFinalizeAllRounds(token)`

Cancellation:`solidity // Cancel current round only cancelRound(token)

// Cancel entire campaign cancelAllRounds(token)`



Round Status Values

`1 = PENDING (Created but not started) 2 = ACTIVE (Currently accepting funds) 3 = SUCCESS (Reached floor, ended successfully) 4 = FAILED (Did not reach floor) 5 = CANCELLED (Manually cancelled)``

Comparison Table

| Feature | Standard Campaign | Multi-Round Campaign |
|---------|------------------|---------------------|
| Rounds | 1 | Up to 5 |
| Duration | Max 270 days | Max 548 days |
| Fund Release | After finalization | After each successful round |
| Market Launch | Automatic after success | Creator-controlled timing |
| Extensions | 1 extension allowed | No extensions per round |
| Flexibility | Fixed parameters | Adapt round-by-round |
| Complexity | Simple | More management required |
| Best For | Single production phase | Staged production |
| Story/Content | One writeup | Same writeup for all rounds |

When to Choose Multi-Round

Choose Multi-Round If:

✅ Production has distinct phases (pre/production/post)

✅ You want to collect funds incrementally

✅ You need flexibility to adapt strategy

✅ You want to control market launch timing

✅ You're comfortable with more complex management

Choose Standard If:

✅ Single production phase

✅ Want simplicity

✅ Ready to launch to market immediately

✅ Fixed budget and timeline

✅ First-time campaign creator

Related Resources

All-or-Nothing Funding

Campaign Lifecycle

Creating Campaigns

Managing Campaigns

Cancellations & Refunds

Need Help?

Multi-round campaigns offer powerful flexibility but require careful planning. Contact our support team at support@redcarpethq.org for guidance on structuring your multi-round campaign.