Community cognitive synchrony is more important

The investment threshold is changing from capital and qualifications to perception and concept. All investors and builders will enter the era of investment equity.

Seed users are replacing the venture capital as the investor of the project at an early stage. A project is not just to raise funds but to win the recognition of the community.

A few years ago, CryptoWorld revolutionized the way IPO works through ICO, a change that provided great opportunities for the rise of the venture capital community: a prosperous public blockchain ecology, a stable DeFi network, and an enhanced DAO awareness. VeDAO came against such a backdrop. The platform is committed to providing a transparent and easy-to-access platform for all financiers, investors, and community attendants through democratic voting. With veDAO, all the participants will share the benefits of the project and benefit from the top-level project in the future.

Early-stage team and start-up capital

Adhering to its concepts, veDAO is an anonymously distributed team, a DAO organization made up of team members who share the same ideal and goal. Those who share the same ideal and a sense of mission are allowed to join us.

The start-up fund of veDAO is provided by our team, which will guarantee a stable operation for a long time. Through public fundraising, veDAO will distribute tokens to our community users who make contributions or have needs. For institutional investors, veDAO has provided the fund to facilitate the cooperation with institutional investors, to encourage them to be our governance users. Meantime, institutional investors and users are equal on the platform.

The Role of Members

At the very beginning, veDAO is of DAO members and by DAO members, enabling everyone to win the gains they deserve.

There are 6 roles on the platform:

1. Financiers

• Any agency or individual that needs finance can apply on the platform after submitting information about the project and the finance. Voters (users with veDAO) will decide whether the application is passed.

2. Investors

Any institution or individual tending to invest can be an investor without KYC or permission, who will invest in the passed project in a specified period and take risks.

3. Pledging users

• Users, after pledging their tokens to the platform, will gain such benefits as the right to vote, the benefit of governance, the benefit of staking mining, and the financing commission.
• （2% of the finance will be distributed to the user with pledged tokens.）

4. Voters

• Users who have pledged their tokens will gain the right to vote and therefore become voters, who will evaluate the financing and investing applications in the platform and vote to decide whether pass it. After that, they will gain governance awards, which are distributed to users after the voting, and the amount of votes is related to the awards. To encourage users, more awards will be sent to the users who participate in governance at an early stage.

5. Referees

Those who are able to investigate and research with the spirit of sharing may be referees, whose responsibilities are to find quality projects that need finance at the early stage and to apply for investment in the platform. Referees, after the application is passed and received investments from the community, will gain a 1% commission on the finance.

6. Business managers

Those who are able to negotiate with projects may be business managers, whose responsibilities are to search for and contact project managers with the need for financing and to help project managers finish financing in the platform. Business managers will gain a 1% commission on the finance.

Every member is able to select at least one role according to his or her ability and needs, a scenario that will give full play to the potential of veDAO members and help them gain awards.

Awards

For the 6 roles, veDAO will provide different awards:

• Mining benefits (pledging users)
• Voting benefits (voters)
• Recommendation reward & 1% of the finance (referees)
• Everyone can negotiate with project managers to raise funds through the platform and gain 1% of the finance (business managers)

Pledging Awards

The platform will provide multiple pledging pools, such as single-token pledging and LP pledging. The locked-in time and staking rate of return vary by pledging pool. Apart from staking benefits, 2% of the finance of every project will be used to buy back DAO tokens, which are distributed to users with pledged tokens.

Governance awards

Pledging DAO (or LP) tokens will come with veDAO, which represents the right to govern users. A number of veDAO will be generated by the pledging time and number. Non-transferable veDAO will decrease with time, and the veDAO will disappear when the pledging is due. Users may choose different locked-in cycles, which are independent of each other. If the user locks in two times in one cycle, only the latest time is counted.

Through the role of members and the reward-based mechanism, veDAO aims to build an automatic investing/financing platform, governed by the community and without entrusting, thus lowering barriers to entry for investment and finance. In that sense, users will invest in the most valuable projects, project managers will get financing, and DAO members will maximize their role in the community governance and gain benefits from that.