Ensures secure capital deployment on the blockchain via a sub-DAO treasury
Each investor treasury is a "sub-DAO" which is created on the blockchain for the purpose of Rolling Funding. A sub-DAO is a governed treasury which stores the capital allocated by investor for project Rolling Funding per Simple Agreement for Future Tokens (SAFT) and its addenda. A sub-DAO treasury is governed by the investor and/or jointly with other members/investors, as defined per the (SAFT) and its addenda. Investment floor and cap amounts per (SAFT) are established below but can be modified if desired by the investor. In such case an on-chain resolution is passed on the sub-DAO treasury confirming the floor or cap request, inadvertently recording such modifications on the blockchain for that treasury.
- Minimum investment amount per (SAFT) is 50,000 USD "floor"
- Maximum investment amount per (SAFT) is 500,000 USD "cap"
Each (SAFT) is secured by the related "Project" token as stipulated in the (SAFT) terms and conditions of funding and its addenda. All such tokens are stored on chain in the "Project" DAO treasury.
The sub-DAO treasury is governed by the investor and or their delegated assigns as defined per the (SAFT) and its addenda.
(SAFT) Investors may be eligible to receive a governance seat on the "Project" DAO, as defined per the relevant project governance structure in the (SAFT).