Is car crowdfunding illegal to raise funds?

Crowdfunding, especially property rights crowdfunding, as a new thing, was inevitably criticized at the beginning of its birth. In particular, the considerable annualized income has given conspirators an opportunity to make a big fuss.

Facts speak plainer than words. It should be pointed out that there is an essential difference between property rights crowdfunding and illegal fund-raising.

First of all, from the perspective of business and capital flow, property rights crowdfunding is actually a group buying model, and all projects do not use equity or funds in return.

Secondly, the project sponsor can't make any promise of capital gains to investors, and can only return in kind. Property rights crowdfunding is essentially a purchase behavior.