In Synbo, launching a fundraising round isn’t just about posting an announcement.
It involves depositing project tokens into a smart contract as collateral, and then configuring a set of parameters including “Target Amount, Price, Duration, Permissions, and Vesting.”
You can understand it as: Collateralize on-chain first, then raise funds according to the rules.
Key Concepts You Need to Understand
1. Who Creates the Fundraising Round?
Initiators usually fall into two categories:
- Project Teams: They create the financing themselves and provide project tokens as collateral.
- Club Captains: They organize financing on behalf of the community. They handle the connection with projects, organize participation, and undertake duties like guaranteeing and screening.
2. What Does Depositing Tokens into a Contract Mean?
The initiator must lock the project tokens into an on-chain smart contract as the basis for delivery.
This solves the most common risks in the traditional primary market:
- You pay, but the project doesn’t deliver the tokens.
- Token delivery is indefinitely delayed.
- Distribution rules are opaque.
Collateralizing in a contract means: Trust shifts from “trusting a person’s character” to “trusting on-chain contract rules.”
3. What Role Does USDS Play?
USDS is the native asset within the Synbo ecosystem, pegged 1:1 to USDT.
It isolates the fundraising process from “crypto price volatility,” making fundraising, pricing, and settlement clearer. Projects raise USDS, and participants pay in USDS, reducing variables during the process.
How to Complete the Creation Process
A. Scale & Pricing
- Target Amount: How much USDS you aim to raise.
- Base Price: The initial exchange rate for the project token.
- Max Premium Rate: The price cap when demand is high (we will cover this in a future article).
B. Timing & Rhythm
- Duration: The time window from start to finish.
- Stage Mechanism: e.g., Guarantee/Check Phase $\rightarrow$ Public Participation Phase $\rightarrow$ Mint/Delivery Phase.
C. Participation Permissions
- Public: Open to the entire network.
- Specific Clubs: Open only to partner communities.
- My Club Only: Exclusive to your internal community (stronger community attribute).
D. Delivery & Vesting
- Vesting Rules: One-time / Linear / Mixed.
- Mint/Redemption: Converting “shares” into real tokens after financing ends (covered in the next chapter).
Remember: The clearer these parameters are, the more the financing looks like a standardized product, and the more willing community members will be to join.
Let’s Look at an Example
Hypothesis: You are the initiator creating a round.
- Target: 1,000,000 USDS
- Base Price: 1 USDS = 1 X Token
- Max Premium: 20% (Price caps at 1.2)
- Permissions: Open only to Club A + Club B
- Vesting: Mixed Vesting (20% immediate, 80% linear)
The Process Flow:
- The Project collateralizes X Tokens into the contract first.
- Financing proceeds by stages: First, meet the Guarantee target, then open for Share Purchase.
- Upon expiration, participants Mint (Exchange) shares for X Tokens, which arrive according to the Vesting Rules.
As you can see, the entire process shifts from “Dictated by People” to “Dictated by Parameters.”
Summary
Creating a fundraising round on Synbo is typically a phased process involving:
Collateralizing Tokens — Configuring Parameters — Phased Fundraising — Final Settlement via Mint.
Funds are denominated in USDS to reduce volatility noise. Once you understand this on-chain flow, you can participate more effectively and quickly judge whether a deal is a mechanism-driven product or just a story based on verbal promises.
