ContinuumDAO Funding Proposal
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One of the reasons for offering at a low valuation to VCs in the seed round is that we don't only need their money. We also expect to leverage their network and their marketing reach to help us grow. Frankly, we don't get that with small retail investors. We also have to conduct KYC, which at this time is simply a burden to us. I'm not in favour of a retail offering at this point. There is a way for the community to get veCTM now though and that is to contribute.
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Hey @sanderrrrr,
The forthcoming rounds should exclusively cater to institutional investors. This strategy prioritizes project growth by allocating resources sensibly towards protocol development. Permitting non-institutional funds to participate in early rounds would unjustly disadvantage potential community members who haven't had an opportunity to engage in discussions yet.
The figures provided in the examples represent various stages of the seed round and are not finalized offers. There is still room for individuals to contribute their thoughts in the comment section. -
You can also argue that the other way around: why give big money priority again over community members who also support the project? This is also an opportunity to do things differently, more democratically and give everyone who is now involved an equal chance. There must be something that we together can be done about this, if the will is there.
That potential community member can't profit from this, is an argument i don't understand. I mean, potential VC's that haven't heard from the opportunity yet - Are they then disadvantaged now by your suggested approach?
IMHO it makes sense that community members and VC's that are not aware of the project, are not involved and of course they can't step in now at this valuation. That is fair. If they step in later, there is less risk, price will be higher.
Community members that are already involved now, already take higher risk by putting effort in an early stage project. But following your suggestion they can only step in at higher price. That does not seem fair to me.
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So I know development has been paid for pretty much so do we propose a kind or pro-rata offering based on community members moving forward or has this been factored in from the beginning alongside the initial proposal to allocate veCTM based on veMulti holdings? It there going to be some kind of proposal for what is fair entry and compliant entry for the community?
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@chookz The forthcoming proposal will be for a VC seed round only. That is what we will be voting on. We had an airdrop for early supporters already, based on anticipated community effort (a lot of people did nothing however) and there will be a further airdrop to MultiDAO based on veMULTI holdings. The only way right now for anyone to get more veCTM is by actually contributing to our development through the Guilds, by coding, marketing etc. You have to work to get veCTM.
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Ok let's get the proposal going but at the same time I think we need to make more effort in outlining what the next steps in the process are vis-à-vis the guild contributions and marketing. It would be nice if we can get the overarching framework for delivery agreed on so we are all aligned on who's doing what when.
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Greetings, ive been absent for a while; I agree the project ethos is to be a Decetralized DAO; so it should be structured that way. I am not up to speed with these funding strategies but i agree with a more conservative approach and organic growth. Make some good partnerships and demonstrate the product through actions before giving away the farm...
Further, I am interested in contributing where i can; i was running nodes for Anyswap/Multi and am interested to learn more and help secure the network(s). Are there Network schematics and updated road-map available? How can i help?
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S Selqui moved this topic from Ideas & Suggestions on
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