General FAQ

What is Angor?

Angor is a fully decentralized crowdfunding protocol using Bitcoin and Nostr protocols to ensure security and transparency.

How does Angor work?

Angor employs Bitcoin scripting for milestone-based funding using timelocks and multisig setups. Each milestone is represented as a UTXO, allowing secure and time-restricted fund releases.

What role does Nostr play in Angor?

Nostr is used for project metadata storage and enabling direct communication between founders and investors.

What assets can I use on Angor?

Angor exclusively supports Bitcoin for all transactions.

Is Angor permissionless?

Yes. Angor is fully permissionless and censorship-resistant, allowing anyone to use the platform without restrictions.

How are funds secured on Angor?

Angor uses Bitcoin smart contracts (time-locks and 2-of-2 multisig) to ensure the security of funds at every stage.

How do I recover unspent funds?

Unspent funds can be recovered through the Angor wallet by initiating a secure recovery transaction.

What happens if a project isn’t fully funded?

Funds can be returned to investors through the multisig setup, or a penalty process can be initiated.

How can I track project updates?

Project updates are shared via Nostr relays and can be accessed on Angor Hub.

Does Angor charge fees?

Yes. Angor charges a 1% platform fee on transactions, in addition to Bitcoin network miner fees.