TL;DR
- Till recently, only projects we accelerate are allowed to use our sale platform
- Our accelerator is highly exclusive, and only a couple projects qualify per year; the cause is the extreme cost of time and capital needed for proper acceleration
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- Compliance is in high demand, and we have spent years building a platform that offers a fully compliant token sale
- We want to use the high demand for such a service to offer our community access to otherwise sold-out sales
- Such projects, though, won’t operate like the ones we accelerate as we have no influence on them; just providing compliance
- From now on, we will give a warning if a launch is not accelerated by us; such projects would also be mandated to agree to down-side protection (refunds) to the community sale
Full Article starts here.
Over the past three years, we have acquired a reputation of accelerating some of the best projects in the space, some of which have defied the bear market of 2019.
Behind the doors, we’ve actively advanced our ‘launchpad.’ We are based, registered, and licensed in the EU and hence we comply with the most up to date KYC, AML, and data protection compliance requirements.
Many projects have and continue to approach us to host compliant public sales for retail. Unlike private rounds for VCs, public rounds for retail require more stringent compliance requirements. Moreso now than ever, since regulatory throwback has brewed to a point where revitable exchanges like BitMEX and OKEx are facing legal hurdles.
Projects seek communities, and community raises need to be done in a manner that covers a wide range of requirements: provable efforts to cut off the US and China, ALMD5-compliant (and soon ALM6) KYC and AML checks, GDPR-compliant data protection, and provable efforts to cut off any sanctioned countries.
We offered and continue to offer Compliance as a Service to projects that are both sold out and have been actively building something that furthers the crypto ecosystem. However, this does not mean that DAO Maker actively endorses or advises these companies.
We will continue to incubate & accelerate projects
Up until we recognized that there is a surging demand (need) for compliant token sales, we only raised for projects that were incubated/accelerated by us. When we incubate a project, we invest in it and then take a very active role in the project. We may even take a board seat to ensure that the actions we feel are going to drive success are implemented.
Our incubation process involves us working on the project’s product to ensure it has a strong market fit and a greater integration of the project’s token. If the underlying technology allows, we work to strategize additional products that could be added to the development, to ensure a diversified product portfolio for the company. We may even work to improve the UX and UI design, alongside game theory in project economics and business development. This is resource, labor, and capital intensive and that is why we only incubate a few projects per year.
We will take a different approach to non-accelerated sales.
We are now fulfilling a rising industry necessity: safe and compliant token sale offerings, even for projects that are not incubated by us.
We will clarify from now on whether a token sale launched on our platform is just a project seeking a compliant token sale, or that it is a sale of a development fully incubated by DAO Maker. Users should only invest in these projects if they have had a pre-established interest in the specific companies as we have little to do with them, outside of the compliance of the token sale.
For projects that want to grow their community using the ecosystem, in a compliant manner, DAO Maker hosts safe Token Sales that will offer participants partial or full refunds if the token goes below ICO price in the first 2 months. The first one being PlotX, which offers the participants of the DAO Maker-operated Community Offering a 50% refund if they do not participate in the app to claim the second batch of tokens.
more here: https://medium.com/daomaker/plotx-community-offering-powered-by-dao-maker-2d4bcbfe0135
Discuss in our Telegram chat: https://t.me/daomaker
