FAQ about Tiger VC DAO

特邀专栏作者

2022-05-09 05:04

This article is about 1848 words, reading the full article takes about 3 minutes

TigerVC DAO will continue to attract outstanding VC talents to join the DAO, and at the same time establish a Tiger fund to help more WEB2 talents and funds enter WEB3. At the same time, these funds need to pay VC management fees to the Tiger VC DAO trea

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1. What is Tiger VC DAO?

Tiger VC DAO is a decentralized VC for everyone.

At the moment when small and medium-sized investors are increasingly lacking investment opportunities, Tiger VC DAO will unite multiple forces to establish a decentralized VC that belongs to everyone, so that everyone has equal opportunities for crypto investment.

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2. How to start Tiger VC DAO?

Tiger VC DAO issued 1,999 Tiger NFTs at the initial stage. In order to find early members who are in line with the long-term development of Tiger VC DAO, the initial members will undergo strict screening to be eligible for Mint NFT. Mint time is May 20, 2022, Beijing time 21:00, the price of Tiger NFT Mint is 200USDT

The funds raised will be allocated in three parts:

A. Configure Beta Robust Encryption Products

B. Inject VC fund pool for primary market investment and allocation of Alpha assets

C. Daily operating expenses of DAO

After completing 1999 NFT issuances, the second batch of NFTs will be issued to further expand the community. At the same time, Tiger VC DAO will issue governance tokens and airdrop them to NFT holders.

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3. About the source of treasury funds of Tiger VC DAO

a. 70% of the ETH from NFT sales enters the treasury

b. 70% of ETH from NFT royalties goes into the treasury

c. When the investment is profitable, 20% of the funds will go into the treasury and continue to be used for investment

e. Follow-up investment funds, charge 2% management fee and enter the treasury

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4. Hold the rights and interests of NFT?

a. Tiger NFT is a member PASS who joins Tiger VC DAO and enjoys all PASS rights

b. Tiger NFT holders own the treasury investment income right of Tiger VC DAO

c. Tiger NFT holders have the right to purchase Invest Token of Tiger VC DAO

e. Before the governance currency is issued, Tiger NFT has the right to propose and vote

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5. About proposals and voting

All addresses holding Tiger NFT have voting rights.

The top 50 addresses not only have the right to vote but also have the right to propose. However, the proposer cannot vote on the project proposed by himself.

In the future, Tiger VC DAO will adjust the number of proposers according to the scale of community development

When the project passes the proposal, it can enter the voting area.

Each project has a 5-day voting period. During the voting deadline, projects that meet the following conditions can receive investment:

a. Support votes outnumber negative votes

Special note: When the negative votes of a project reach 30%, it will be automatically declared a failure and no further voting is allowed.

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6. About investment

When the investment loses money, 30% of the funds will be repurchased into NFT, and 70% will be returned to the treasury to continue to be used for investment

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7. About Invest Token

For projects approved by the Tiger VC DAO proposal, VC funds will be used first for investment, and secondly, users holding Invest Token can follow up with the investment.

Users who hold NFT can purchase Invest Token of Tiger VC DAO co-investment fund

Invest Token and USDT 1:1 anchoring

Users can use Invest Token to invest in projects within DAO, and Invest Token cannot be traded.

Users who pledge Invest Token can get interest rewards.

When a user uses Invest Token to invest in a project, the treasury will automatically convert the Invest Token into USDT to invest in the project party.

The VC fund pool belongs to the funds managed by DAO and has priority investment rights; users holding Invest Token can follow up with the investment, and later, they can also invest in high-quality projects announced by Tiger VC DAO.

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After the community reaches a certain scale, governance tokens will be issued, and the governance tokens will be airdropped to NFT holders.

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1999 Tiger NFT

9. Roadmap

Through the targeted issuance of 1999 Tiger NFTs, the early core builders of Tiger VC DAO will be formed. For the long-term development of the community, talents such as encrypted VC practitioners, encrypted investment research, brand marketing, marketing, and community management will be given priority.

Decentralized VC function is online

On-line proposal and voting functions to open decentralized VC investment.

In order to expand the consensus of the community, NFT will be issued on the basis of the community foundation night to gain more community power

Issue governance tokens

When the community reaches a certain scale, governance tokens will be issued and airdropped to NFT holders.