DAO Maker
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DAO Maker

First SHO for DAO hodlers

Introduction

The DAO Maker team is excited to introduce our new refundable Strong Holder Offering (SHO) — VAIOT.

VAIOT SHO will continue the series of refundable SHOs at DAO Maker. Learn more about the rSHO framework.

Check the research page on VAIOT for more details on the project: https://daomaker.com/sho/vaiot

SHO Contributor Rules

Only whitelisted wallets are allowed to send funds. If you have won a ticket and contribute from a different wallet than the whitelisted wallet, your transaction will be refunded. In order to qualify for registration, your whitelisted wallet will need to hold at least 500 DAO Token.

Official token address for DAO Tokens is 0x0f51bb10119727a7e5ea3538074fb341f56b09ad (Please don’t use this address to send your contributions, this is only a Token address).

You can currently buy DAO Tokens on KuCoin, Gate.io, or Uniswap. For the sign-in process, you can’t use an exchange wallet.

Participants have from February 10th, 12:00pm UTC until February 12th, 12:00pm UTC to connect their whitelisted wallet via Metamask. Each wallet will be scanned using our chanalysis tool kit. Each wallet will earn a score based on the following criteria:

Main criteria 80%:

You need to hold DAO Tokens in your ERC-20 Non Custodial wallet. The minimum amount of DAO needed to participate in the lottery process is 500 DAO. In order to ensure everybody has fair chances of winning, holding more $DAO will increase your chances of winning, providing liquidity on the Uniswap DAO/ETH pair will also increase your chances of winning.

Bonus points 20%:

Earn additional bonus points for providing liquidity for any pairs on Uniswap, Balancer, or Sushi Swap. We have improved our chain analysis and now we are accounting Sushi Swap liquidity on your wallets too.

All registered participants will be run through a ticket-based lottery with higher chances for those who hold more DAO Tokens and provide liquidity in DAO or other tokens on Uniswap, Balancer, or Sushi Swap.

100 winning participants will be informed by email and on our social mining platform that they can move onto the KYC & AML onboarding. Once approved, users will be able to contribute 1,016.4 USDC to the VAIOT rSHO.

Refund conditions

Twenty percent of raised funds will be given directly to the project, while 80% is held in secure custody for 6 months. These funds are dedicated to refunds in case the $VAI token price drops below -20% from the initial public sale price.

In case the refund is triggered, whitelisted wallet holders can send 100% of their purchased VAI tokens to the DAO smart contract 6 months after the TGE and will receive 80% of their funds back. Meaning if the token price remains above 0.8x the value of their tokens would be higher than the refund value.

In the case that DAO Participants are happy with the outcome and decide to keep their tokens, 75% of the non refunded money will be sent to the SHO company, while 25% of the funds will automatically be used to buy back more VAI tokens and sent to the DAO Reward pool. There these tokens will be distributed to all DAO Token stakers.

Our refund policy will be canceled if the price level manages to stay at or above 200% for a period of 4 months.

The public sale price of VAIOT token — $VAI will be 0,1 EUR/$VAI

The total amount of VAI for SHO sale is 2,500,000 VAI or 250,000 EUR, or circa 302,500 USD

For the reason that VAIOT is conducting all rounds of sales in Euros, we will provide both EUR and USD rates to VAIOT, with EUR/USD fixed exchange rate of 1 EUR = 1,21 USD

There will be two rounds for this refundable SHO

Public Round

Round Allocation: 84,000 EUR / 101,640 USD / 840,000 $VAI

The total amount of participants: 100

Allocation size per participant: 840 EUR / 1,016.4 USD / 8,400 $VAI

The winners will be required to pass KYC & AML and contribute in USDC to the provided SHO wallet. Please see the KYC requirements before signing up. Users will have 48 hours to pass KYC and send funds or lose their ticket to someone else.

Strategic Round

Round allocation 166,000 EUR / 200,860 USD / 1,660,000 $VAI

The strategic round is dedicated to notable investors, who can add great value to the project in the long run. We have started to collect applications for the strategic round on Monday.

KYC Requirements:

Citizens and residents of the following countries are not eligible to participate in the event:

Afghanistan, American Samoa, Bahamas, Barbados, Bosnia and Herzegovina, Botswana, Canada, Cambodia, Central African Republic, China, Cuba, Democratic Republic of the Congo, Eritrea, Germany, Ghana, Guyana, Iran, Iraq, Jamaica, North Korea, Laos, Libya, Mauritius, Mongolia, Myamnar, Nicaragua, Pakistan, Panama, Puerto Rico, Somalia, South Korea, Sri Lanka, Singapore, Sudan, South Sudan, Syria, Taiwan, Trinidad and Tobago, Uganda, Vanuatu, United States of America, U.S. Virgin Islands, Yemen, and Zambia, Zimbabwe.

All the participants have to pass KYC/AML by submitting their ID and proof of address, as well as identifying their source of income in a special drop-down menu during the KYC process.

All participants must read VAIOT whitepaper as the project’s main offering document before the contribution to this SHO.

How to participate

Step 1: Head to this link and sign in to your wallet. (Sign-ins are open from 10.2.2021 at 12:00pm UTC to 12.2.2021 at 12:00pm UTC)

Step 2: Connect your ERC-20 wallet with DAO Tokens for registration. You can currently buy DAO Tokens on KuCoin, Gate.io, and Uniswap. The official token address for DAO Tokens is 0x0f51bb10119727a7e5ea3538074fb341f56b09ad (Please don’t use this address to send your contributions, this is only a Token address!)

Step 3: Your total holding score will be calculated and you will get a ticket assigned if your Metamask wallet has at least 500 DAO Tokens ($DAO) on it. The lottery process will be run on all opted participants.

Step 4: On February 12th, at 14:00pm UTC the results will be announced. The 100 winning participants will be invited to pass KYC and send 1,016.4 USDC (exact amount) to the provided wallet. You will have 48 hours (until February 14th, 14:00pm UTC) to pass the KYC and transfer the funds.

Step 5: VAIOT ($VAI) tokens will be distributed on the announced date to the winners’ wallets.

Refund conditions

  1. Inside 6 months after the Token Distribution Event date, if the price is below 0,8x of the initial Public Sale price, whitelisted participants can send 100% of their purchased $VAI tokens to the refund contract and will receive 80% of their funds in return.
  2. If the price of $VAI remains above 200% of the SHO price for 4 months, refunds will automatically be canceled.
  3. All participants will be able to apply for a refund for one week, via the DAO Platform.
  4. In order to claim a refund users can only send tokens from their SHO winning wallet.
  5. All reimbursed tokens will get burned.

Timeline

10.02.2021 (12pm UTC) — SHO starts — Wallet sign-in is open

12.02.2021 (12pm UTC) — Wallet sign-in deadline

12.02.2021 (14pm UTC) — Announcement of winner’s tickets / KYC/AML invitation / Funds collection starts

14.02.2021 (14pm UTC) — Deadline for KYC/AML and sending funds

TBA — Token distribution event

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