CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

So, by the countries of origin of monetary resources , crowdfunding projects are of the following types: 1. National. It is characterized by the fact that a certain project of a resident is registered on one of the national crowdfunding platforms and supported by other residents. Most often, such projects meet the regional needs of the population rather than the national ones. Thus, a platform has been created in France — notrepetiteentreprise.com, a feature of which is that the main criterion for selecting a project is its placement. In this way, a potential contributor provides funds for projects that will be implemented near their place of residence (Burkett, 2011; Ugolkova, Kuzmin and Skybinsky, 2016). 2. International. This happens if a certain project is registered on an international crowdfunding platform, which is aimed at foreign and domestic users and investors. Most crowdfunding platforms specialize in these types of projects. 3. Global. This type of crowdfunding projects covers multi-national platforms and a significant number of multi-national investors and contributors. They are represented on the world's largest crowdfunding platforms, such as Kickstarter. The reason for using such platforms is that they provide a large number of potential contributors, thereby increasing the chances of success. Regarding the implementation period crowdfunding projects should be divided into the following categories: 1. Short-term — this type of crowdfunding includes those crowd- funding projects that require less than one year to implement. 2. Medium-term — combines crowdfunding projects, the imple- mentation period of which is from one to three years. 3. Long-term — it includes all crowdfunding operations with projects that need more than three years for implementation. Crowdfunding activities can be classified as follows by investment directions : 1. Entrepreneurship, when modern business is the first to respond to crisis phenomena and the need for microcredit. The share of business projects in the entire structure of crowdfunding operations is growing every year. A current trend is that new crowdfunding platforms are being created that are exclusively dedicated to financial assistance to small and medium-sized businesses. 2. Social, caused by a lack of funds in such industries as education, ecology, medicine, etc. It is known that the excitement in society caused 39