Description:
Geyser introduces All-or-Nothing crowdfunding powered by Rootstock smart contracts. Funds contributed to a project are locked in a smart contract until the goal is reached within a set time. If successful, funds go to the project creator. If the target is missed, contributors are refunded—trustlessly.
Name:
All or Nothing with Rootstock
Submission Date:
Co-Founders Name:
Mick Morucci (Co-Founder & CEO) & Stelios Rammos (Co-founder & CTO)
LinkedIn: Mick Morucci - Geyser | LinkedIn
X: @ metamick14
Mick is a serial entrepreneur and Bitcoin advocate with deep experience in launching Bitcoin-native products. Previously, he worked in product strategy and growth roles in both startups and NGOs across Europe and Latin America.
Award Amount:
$20,000
Project Stage:
Working product with active users; expanding functionality through Rootstock integration.
Sector:
Crowdfunding / Grants / Payments / Infrastructure
Links to Deck / Video / Images:
Geyser overview: geyser.fund/
Links to socials:
X: @ geyserfund
geyser.fund
Description:
Currently, all Geyser contributions are “take-it-all” and sent directly peer-to-peer. This works well for immediate support but limits certain types of campaigns:
- Projects that require a minimum amount of funding to be viable
- Contributors unsure if a project will happen
- Campaigns that fail to rally community momentum without urgency
All-or-Nothing (AON) solves this by introducing smart contract-based funding locks using Rootstock.
Here’s how it works:
1. Campaign Setup (Creator):
- The creator sets a funding goal and a deadline (e.g., 21 days).
- A smart contract is created that holds all contributions until the deadline.
- The creator downloads a claim file to later unlock the funds if successful.
2. Contributions (Backer):
- Contributors see the project’s goal and deadline clearly.
- They send funds (via Lightning or on-chain), which are automatically converted into rBTC and locked in the smart contract.
- Before contributing, they download a refund file, which allows them to reclaim their funds if the campaign fails.
3. Success Path:
- If the goal is met before the deadline:
- The smart contract transitions to a “claimable” state.
- The creator can claim the funds using their claim file and choose to withdraw to Lightning or on-chain.
4. Failure Path:
- If the goal is not met by the deadline:
- The campaign transitions to a “failed” state.
- Contributors can use their refund file to withdraw their funds.
- After 30 days, any unclaimed refunds are swept to a Geyser-controlled address to close the contract.
This model:
- Increases trust and clarity for contributors
- Helps creators test ideas without risk of underfunding
- Creates urgency and momentum, bringing communities together around time-bound goals
The AON model is a proven driver of larger and more successful campaigns—Kickstarter, which uses AON by default, processed $706 million in successful pledges in 2024 alone.
Product:
Geyser has reached product-market fit, has a great brand, and is the leading Bitcoin-native crowdfunding platform. We are building the financial rails for kickstarting the Bitcoin creator economy.
Notable projects launched on Geyser:
- Bitcoin Trading Cards – Collectibles ($88k) - geyser.fund/project/bitcointradingcards
- Bitcoinize – POS Hardware ($108k) - geyser.fund/project/bitcoinize
- Bushido of Bitcoin – Book ($25k) - geyser.fund/project/bushidoofbitcoin
- Hero of Bitcoin – GameBoy Game ($16k) - geyser.fund/project/heroofbitcoin
- Bitcoin ATM – Hardware ATM ($10k) - geyser.fund/project/bitcoinlightningatm
Synergies:
This initiative showcases Rootstock as the smart contract layer for Bitcoin—bringing trusted, programmable escrow to Bitcoin crowdfunding.
The AON integration lays the foundation for future Rootstock-powered tools such as:
- On-chain contributions via RSK
- Split disbursements
- Milestone-based payouts
- Transparent project escrow
Team
Mick Morucci (CEO) – Strategy, product, and Bitcoin ecosystem expert.
Stelios (CTO) – Smart contracts and infrastructure lead. X: @ steliosats
Sajal (Frontend Developer) – Frontend and user experience. X: @ sajald77
Traction:
- 108,000+ contributors
- 41.3 BTC raised
- 2,240+ projects launched
- Winner, Bitcoin Miami Pitch Competition 2023
- $675K raised in pre-seed (Hivemind Ventures, Lightning Ventures, angels)
Roadmap:
- Month 1: Build and test AON flow on testnet (June-July)
- Month 3: Deploy to Rootstock mainnet, launch first campaigns with milestone disbursement (July-August)
Conclusion:
Geyser has already enabled thousands of creators to raise Bitcoin directly. With All-or-Nothing, we unlock a new, proven crowdfunding model, combining urgency, trust, and programmable logic.
This is a powerful use case not yet built on Bitcoin, with real potential to grow the ecosystem, and a perfect match for Rootstock’s smart contract capabilities.
Additional Notes:
Geyser previously submitted a grant application to Rootstock titled “Gitcoin on Bitcoin”, focused on smart contract-based matching for Geyser Grants. That application is currently on pause.
We believe the best first step for Rootstock integration is through the All-or-Nothing functionality, which addresses a highly requested user feature and has stronger immediate product-market pull. Once this foundation is in place, we can revisit deeper integration of Geyser Grants as a follow-up phase.
