veDAO's Unique Member Roles and Reward Mechanism

Community Cognition Synchronization Becomes More Important

The investment threshold is shifting from capital and qualifications to cognition and ideology. All investors and builders will enter the era of investment rights. Seed users are replacing venture capital funds as early investors in projects. The emergence of a project is not only to raise funds, but also to gain community recognition. A few years ago, the crypto world completely changed IPOs through ICOs, providing an excellent opportunity for the rise of the venture capital community: the public chain ecosystem is thriving, the DeFi network is robust, and the DAO concept is deeply rooted. In this context, veDAO has emerged. veDAO is committed to providing an open, transparent, and low-threshold investment and financing platform for all financiers, investors, and community governors through a democratic voting mechanism, allowing all participants to share the dividends of project development and become beneficiaries of future top projects.

Early Team and Seed Funding

Just as veDAO's concept, veDAO is an anonymous distributed team, and the team is a DAO organization composed of a group of people with the same ideals and goals. Anyone with the same ideals and sense of mission as veDAO can apply to join. veDAO's seed funding comes from our own funds as a startup team, ensuring that we can operate smoothly for a long time. Through public offering, veDAO will release tokens to community users who truly contribute to and have a demand for the platform. For investment institutions, veDAO has a special ecological construction fund and cooperates with investment institutions to encourage institutional users to become our governance users, while the role of investment institutions on the platform is equal to that of ordinary users.

Member Roles

From the beginning, veDAO is owned and governed by DAO members, allowing everyone to receive fair returns based on their abilities. The feature of veDAO is that we provide maximized and fair distribution of benefits, allowing DAO members to fully leverage their strengths, with every contribution receiving its due return. veDAO divides member identities into 6 types:

1. Financier Any institution or individual in need of financing can submit project and financing information and apply for financing on the veDAO platform. Financing can proceed only after being approved by voters (veDAO users) through voting.

2. Investor Any institution or individual interested in investing can become an investor without KYC or permission, and can invest in veDAO-approved projects and bear risks within a specified period.

3. Token Staking User Users who stake tokens on the platform will receive voting rights, governance income, staking mining income, and financing commissions. Users staking tokens will receive 2% of the financing amount after a project's successful financing.

4. Governance User (Voter) Users staking tokens will receive voting rights, becoming voters who evaluate veDAO platform project financing and investment applications and vote on whether to approve them. Regardless of voting for or against, users will receive governance rewards, with income distributed based on the proportion of the user's voting quantity. Income is automatically distributed after voting ends. To encourage users, early participants in governance will receive more rewards.

5. Project Referrer (Scout) Any user with research capabilities and a sharing spirit can become a scout, discovering early high-quality projects in need of financing and initiating project investment applications on the platform. If the application is approved and the project receives community investment, the scout will receive a 1% commission on the project's financing amount.

6. Business Manager Any user with negotiation skills and project resources can become a business manager for veDAO. Business managers are responsible for finding and connecting project parties in need of financing, helping project parties complete financing on veDAO. Business managers will receive a 1% commission on the financing amount.

These six identities are not fixed or exclusive, and each member can choose one or more identities based on their abilities and needs, allowing veDAO members to fully leverage their strengths and receive returns.

Rewards

As described in the aforementioned veDAO member identities, veDAO provides different types of rewards for users in different roles: token staking users can receive mining income, voters can receive voting income, scouts can receive referral income and a 1% share of the financing amount, and business managers can receive a 1% share of the financing amount. The specific staking and governance income is as follows:

Staking Rewards

veDAO will provide multiple staking pools for single token staking and LP staking, with different lock-up periods and staking yield rates. In addition to staking income, 2% of each project's fundraising amount will be used to repurchase DAO tokens and distribute them to staking users.

Governance Rewards

Staking DAO (or LP) will receive veDAO, representing the governance rights of users. Based on the time weight and quantity weight of DAO staking, the corresponding amount of veDAO will be generated. veDAO cannot be transferred and will decay over time, with the veDAO quantity becoming zero after the staking period expires. Users can choose different DAO lock-up periods, each independently. If a user locks up twice in the same period, the most recent lock-up will be used for calculation.

Through such member role division and reward mechanism, veDAO establishes a fully automated, community-governed non-custodial investment and financing platform, reducing the threshold for investment and financing participation, screening highly valuable projects for ordinary users, enabling outstanding project parties to obtain financing opportunities, and allowing DAO members to maximize their participation in community governance and receive governance income.

veDAO will lead the future and become the most popular investment and financing platform, building a low-threshold, fair, and accessible investment and financing system for everyone.

Follow veDAO for more information

Website: http://www.vedao.com/

Twitter: https://twitter.com/vedao_official

Facebook: bit.ly/3jmSJwN

Telegram: t.me/veDAO_zh

Discord: https://discord.gg/NEmEyrWfjV