They can
- ✓Take their monthly allowance, to wallets they named before the sale opened
- ✓Take less money than people offered, and send the rest back
- ✓Buy and sell the token like anyone else
How it works
Four steps. Only one is a decision.
The rules are fixed before a company opens its raise.
- 01
You put money in
A company posts what it needs, how long the sale runs, and how much the team can spend each month. You put in as much as you want. You cannot pull it out while the sale is running, and you cannot add more once it ends.
- 02
The clock runs out
If the company missed its target, the sale is off and everyone takes their money back. If it hit the target, the sale worked. The team can choose to take less than came in and send the rest back, but never less than the target they published.
- 03
Everything happens at once
The instant the sale succeeds, one action does all of it: the tokens get made, a public trading pool opens at the price backers paid, the rest of the money goes into a pot only the monthly allowance can reach, and the ability to make new tokens is switched off forever. Only then can the tokens be moved. No trading pool, no moving tokens.
- 04
The team gets paid monthly
Starting 30 days later, the team can take their allowance and nothing more. Whatever is left, they cannot touch. Neither can we.
What a team can and can't do
This is what the planned code will allow, not a promise from a founder.
They can't
- ×Make more tokens. Ever.
- ×Touch the trading pool
- ×Change the allowance, the wallets, or the number of tokens after the sale opens
- ×Take anything at all in the first 30 days
- ×Reach any money beyond this month's allowance
- ×Call a sale successful when it did not hit the target
If a team stops working
We plan to stop its allowance, then let token holders take a share of what remains.
- 1
We cut off the allowance
The team stops getting paid. No money moves anywhere. They cannot switch it back on.
- 2
We start shutting it down
We write down who is holding tokens at that exact moment. That list is what decides who gets paid.
- 3
You take your share
A week later, anyone on that list can hand in their tokens for a share of the money still sitting there. If we have not opened this, anyone can open it themselves.
Later: you decide, not us.
Funding comes first. Later, we want people holding a token to decide how its money gets spent instead of our shared account.
That decision system is not built yet.