Mr. X is an individual sole trader who is wishing to launch his newest invention but is in need of capital. He does not have a good credit score and the banks rejected his loan applications. He needs to search for an alternative financing opportunity. In his research he discovered crowdfunding and asks for your assistance on this. Explain the advantages of each type of crowdfunding for him and also state (with reasons) which type you would recommend for him to use for this invention?