Secured project funding on the blockchain
A Project DAO is created when a project is considered to be qualified and approved by the EYEQ DAO community for Rolling Funding listing. Project DAOs are safe and secure special-purpose vehicles for Rolling Funding, incorporating project governance and a funding treasury. Project DAOs allow owners to interact with Rolling Funding investors in order to directly receive project funding as per the Simple Agreement for Future Tokens (SAFT) and its addenda.
Community members are given a chance to vote on the project inclusion to the EYEQ DAO "approved" projects listings for Rolling Funding. Community-approved projects are eligible to participate in Rolling Funding and can then submit the required information and complete the necessary KYC requirements to be included in an ongoing Rolling Funding round for their project. A Project DAO and treasury are then established by the project's team, at which time all Project-related details are listed on the Rolling Funding pages of the EYEQ DAO website.
The Project DAO Rolling Funding listing shall be considered filled by reaching the published funding cap or the expiration of 90 days from the day of listing, whichever comes first.
Project DAO and its treasury are on the blockchain smart contract automated services, which are governed and operated by project team for purpose of funding. Investor Rolling Funding allocations always inure to the Project DAO as per a Simple Agreement for Future Tokens (SAFT) and its addenda.