08 Dec 202112:08
DAO Launch AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
Sakuro Imayama, Founder, CEO
Reza Datoo, Head of community
Sakuro Imayamavery glad to meet you, guys 🙂
Reza DatooHi @mykocryptodiffer , thanks for having us! Great to be here
Myko (CryptoDiffer)Welcome Sakuro and Reza, thank you for taking your time today!
Sakuro Imayamaoffcourse !!
I'm excited to be here !!!
let's start with the introduction
Q1: Can you introduce yourself & team to our community?
I'm Sakuro Imayama, Founder. and Shu is Co Founder, involve in crypto since 2015, Shu has 20+ years as a Software Engineer with 5 years in blockchain coding, while I am a Blockchain Lecturer at the prestigious Meiji University.
Kaletso Phiri- Head of marketing & PR. Worked at top brands such as viacom and MTV. Kaletso has the perfect mix of skills of web 2.0 + web 3.0 which support DAOLaunch in it’s quest to decentralise venture capital Abdullah- head of investments.
Abdullah, he worked for many years in dubai as a VC and he’s seen it all. Rug pulls, scams, pump and dumps you name it. Abdullah has a great mindset when it comes to investing and im confident in his ability to pick great projects for daolaunch community
Seiya Chida- Corporate VC who has participated in over 6 IPO and has incredible experience with Japans top VC companies, he has a unique outlook and is a great addition to the team.
A true defi native and curious thinker, started crypto in 2017 and volunteered as a community manager gaining exprience. Made the full time switch about a year ago and I love defi/ crypto. Worked all around the industry in L1 blockchains, stable coins and data marketplaces.
We have really great talented team, located international !!
Myko (CryptoDiffer)Superb! I see
Myko (CryptoDiffer)let's continue
Q2: Can you briefly tell us what is DAOLaunch and how the idea was born?
Reza DatooDAOLaunch is exactly what it sounds like, we will be the premier defi hub for launching DAO!
Since it's decentralised, anybody can create a token sale and use our platform.
we will create the most democratic and competitive environment for start up fundraising
Currently, pretty much every start-up in the crypto space are launched through a combination of VC, seed, private funding.
Retail investors can’t access for privatefunding, crypto bring innovation more like finance democracy,, we need more democratic ways to raise fund.
What can we do about it ?
Can we even do anything about it?
Yes, there is Fairlaunch. New ways to raise fund, most democratic ways.
But I don’t think Fair Launch is not a practical method to start a business.
Have you considered what VC provide today?
they are providing not only funding, but also connections, Human Resources and marketing.
Will each retail investors really able to provide those things, which is important part as well as funding, to get business off the ground ?
If you don’t want to be one of crowd who seeking around small allocation of usually launchpad provide,
you need to think what value each of you can provide to startups, as professional investors.
Brand yourself as investors like what VC did todays, this is how @sakuro_DAOLaunch came up with “decentralized Venture capital” concept,,, start of DAOLaunch journey.
the DVC,, Decentralzied VC, offers any investors preferential investment conditions depending on their investment performance recorded on the blockchain. Recorded investments are not editable since all negotiations are all on-chain.
If you want to earn more money like VC, think what value you can add to startups, and brand yourself as an investor.
You will not be one of crowd who seeking tiny allocation of IDO, big allocation and professional investors onboard with promised startups.
Become a Decentralized VC, on DAOlaunch !
Sakuro ImayamaYou can take a look Demo movie how it work from here 🙂 (Main1.0ver)
Myko (CryptoDiffer)Q3: Let`s now talk about the milestones you have achieved so far, who are your partners and what can you tell us about your upcoming plans?
Reza DatooWe’ve had some really great news recently.
- Closed our funding round, in total $1.6 M raised, notable investors include X21, ZBS Capital, BSC Station
- Had over 2M contributed in SDN staking to support daolaunch. Shiden is the third parachain slot on Kusama
-IDO Announced on Trust Pad, Gate.io & BSC Station on the 17th-19th November
- DAOPunks #2 campaign finished with over 7000 entries! https://gleam.io/k95BZ/1st-daopunks-nfts-giveaway
Below is our technical roadmap
Token creation for non-developer
Secure listing & liquidity auto-lock
Tokenmetrics PieChart based on blockchain date
Flexible design/pitch function
Token Distribution with vesting period
Multiplie Tokensale Features
Main2.0 Ver release
DAL token Listing
Build NFT Farm
NFT drop Promote features
Farm/Trade NFT marketplace
Main3.0 Ver release
Decentralized Venture Capital NFT（DVC-NFT
IBO(Initial Buy-Back Offering) Grant system
Decentralized Voting features
Negotiate favorable investment terms on-chain functions
Seed token portfolio NFT creation
Auction/Lending market for NFT portfolio
Decentralized Advisor Governance
NFT Portfolio Vault
Easy & Flexibly design DAO Governance for startup
Reza DatooMost importantly we are accepting start up applications from today!
There is a $10K successful referral fee if you know any start ups who are looking for a launchpad!
Cryptodiffer CommunityRegarding reward, This is advisory council, more detail from here.
Reza Datoosome really great partners & backers
Cryptodiffer CommunityRegarding reward, This is advisory council, more detail from here.
Sakuro ImayamaThis going to be first Decentralized VC on DAOLaunch 🙂
Reza DatooDAOLaunch offers preferential investment conditions depending on users past investment performance recorded on the blockchain.
Past Recorded investment performance is non-editable. DAOLaunch investors can brand themselves as Decentralized Venture Capitalists and they can negotiate favourable investment terms like traditional VC firms do these days.
Cryptodiffer CommunityI read that anyone can create tokens for fundraising on DAOLaunch. Can you please outline the processes involved in creating tokens for fundraising? How do you ensure that there are no scam tokens and how are bad actors prevented?
Reza DatooThat's a great question!
1. On the project page you are able to see «token metrics» under this tab you can verify if the liquidity is locked and for how long, what the vesting schedule is. Once these are selected they cannot be changed.
2. In the beginning projects will have to KYC with the daolaunch team and will have to undergo successful audits, in time however, we will move to the DVC-NFT. In short, this means if you make successful investments you get higher VC power, which means you can get a better allocation!
Cryptodiffer Community🟢 Can you share with us the details to participate in the $DAL IDO? Will you have any separate Public Sale for users without Whitelist to freely participate in? In which DEX and CEX do you plan to list it later?
Sakuro ImayamaKindly check this articles 🙂
Listing will be annouce on our channel, shortly after IDO/IEO !!
Cryptodiffer CommunityAre all Startup on DAOlaunch eligible to receive the IBO or what criteria must a start up meet to make it eligible for the IBO? Since you have a Governance in place, Can we vote or make suggestions on startup that will receive the IBO?
Reza DatooFor now it is at the teams discretion, we will assist and incubate start ups. If you want to participate in governance then join our avisor council and recieve $DAL in return!
Cryptodiffer CommunityYou recommend that users qualify as decentralized VC, in order to obtain more exclusive capital gains in the TRUE-FAIR investment environment, but is it really necessary to qualify to be able to achieve great returns in a fair and reliable way?
Reza DatooIf you only provide capital to a start up then you will find yourself investing in start ups which fail? Why? Because unless it's a second time founder they will make so many mistakes. Better deals are often harder to get into because the founder has options. You need to think about what kind of value you vs provide to ensure the success of the start up
Cryptodiffer Community- Can you explain what is the DVC-NFT voting capability? What is it used for? How can we increase it to have higher priority? What benefits does it provide?
Reza DatooEach DVC-NFT has different VC power, investment allocation or tokenprice will be automatically decided by how much VC power you have. VC power will be determined according to loyalty to the DAOLaunch network and awarded on merit based on past voting record performance.
Require 1 DAL token to mint your own DVC-NFT.
VC power will be calculated based on:
DAL/DAL-LP stake amount/duration Past voting performance (projects categorized into 9 tiers) How early you make a vote per session
You will be able to mint decentralized venture capital NFTs (DVC-NFT), vote, and record the investment performance on the blockchain, whilst negotiating better investment terms.
Create your own token index portfolio as an NFT.
Users can deposit their seed tokens in the contract much like a VC would
You are also able to lend your VC portfolio on the NFT marketplace for start ups who want to conduct IBO
really cool pfp designs too !
Oh and if you're wondering about DAL token utility!
Cryptodiffer CommunityWhat are the strategies and ways that DAOLaunch will be using to keep a floor price and increase liquidity?
What advice can you give to Start-ups as regards fundraising?
Reza DatooDAOLaunch has a number of ways of keeping a floor price and a number of initiatives to increase liquidity
We encourage staking and DAL-LP on the DAOLaunch website with our DAL DROP promotion. By staking or providing liquidity to DAL you can receive projects' rare NFT and token airdrops on daolaunch, this incentivises users to provide liquidity as it is more profitable for them to do so. DAOLaunch will also distribute capital gains to all DAOLaunch holders from the business’ revenue. thus there is more of an incentive to provide liquidity rather than dumping tokens on the open market.
We are also actively monitoring Defi 2.0 solutions such as Olympus and Tokemak and how to move to protocol owned liquidity. This shouldn’t be too much of an issue as we distribute other NFT as rewards for farming so we are not taking liquidity away from the project after the farm dries up.
We have a very strict vesting schedule that allows the project to grow on launch as well as various incentives to keep liquidity and ensure an active and healthy growth of the protocol
In short, the team is actively working on growth of the project and is consistently delivering value to the daolaunch community.
Sakuro ImayamaAlright, I'll pick last one.
Exactly, you got a point.
we conduct voting via NFT, we called DVC-NFT. And when you vote, you can secure allocation, also store voting/investment record on NFT.
Then we classify all project AAA~CCC, you will have your own VC score able to negotiate investment price, or vesting period.
That' how it work.
Myko (CryptoDiffer)thank you for the ama!!
Sakuro Imayamayes great appreciate Myko!!
Reza Datoothanks guys! please make sure to join our community! https://t.me/daolaunchcommunity
Sakuro ImayamaBrand as investors, join as Decentralized VC on DAOLaunch 🙂
look forward to meet you guys again, great community thank you so much