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Similar to the freelance service but :
in this description
The project has the following phases :
During the backing phase , which can be open until the owner decides to move on to the participation phase , backers declare their interest and discuss about the project internally with the owner.
To move to the participation phase its required that a majority of backers confirm they will back the project -just to avoid the owner locking them in while still discussing it- within one day after the owner declares the end of the backing phase.The backers that don't confirm do not deposit money in the project.
During the participation phase coders declare their interest in the competition and ask questions on a public discussion board (all coders and all backers)
The competition phase -started by the owner- has the coders commit their solutions (not source code) for testing
The selection phase , the backers pick the best solution , the coder get's the entire amount committed by the backers , the backers (all of them) get the source code and everything required .
The project concludes.