How we operate:
The financial structure we offer is a USDC loan with interest paid back in some asset that your project creates. We call it “Equity or similar” and in the crypto world, we realize that could be anything from equity to tokens to NFTs to something completely new. We are never going to force you to price your round when you are just getting off the ground.
Let’s give an example. Say you borrow $400k from the DAO at a 40% interest rate, you build for 1 year. At each milestone chunks of the loan principal will be unlocked for your use. Then, lets imagine you launch a token via an IDO, you raise $5m in that IDO for 50m tokens, valuing your token at $0.10. Now that you’ve completed your liquidity event, you return the $400k to the DAO as well as $160k worth of tokens. Said differently, you return the $400k of principal and 1.6m tokens. The principal is returned to the investors and the tokens locked for a period of time.
We wrote about why we think this is a better model for pre token projects here 👉 LINK
We wrote about the process for how to get started here 👉 LINK
If you’re ready, apply here 👉 LINK