Funding & Presales
Our funding approach
To fund the development of the protocol, Encryptify DAO is selling 35% of the total supply in a combination of private and public presale rounds.
As outlined in our DAO section, we are implementing a hybrid DAO approach, which is reflected in our initial funding as follows:
Raised funds from token presale rounds are being used for the development, initial liquidity, marketing, infrastructure costs, legal fees, and various other expenses connected to the initial implementation, maintenance, and expansion of the protocol and its services.
Ecosystem or community-related expenses (like protocol, ecosystem, or community incentives) are being funded by the 41% share of the total supply allocated to the Foundation/DAO, as well as all proceeds & royalties from Community NFT sales. The use and allocation of these funds are subject to governance approval by the token holders. Read more about our DAO governance
Presale rounds
Total raise: $985,000
Total amount for sale: 35% of total supply
Fully diluted valuation (TGE): $3,750,000
Initial market cap (TGE): $695,250
Listing price (TGE): $0.0375
For all rounds with a vesting period, the vesting is linear with daily unlocks.
Closed rounds
These rounds are already closed and have sold out
Current round
The publicly accessible part of the OG Community Round has closed. As decided by our first DAO meeting, we are now selling the remainder in a private presale.
Upcoming rounds
The Seed Round is planned for April 2024.
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