20,000 NFT holders vote on which Solana projects get funded.
The best ones get $150K from a shared treasury. Holders earn the yield in SOL + USDC.
No VC gatekeeping. No empty hype. Just community capital that has skin in the game.
This is ScoutDAO.
Whitepaper: https://t.co/eT7yGB4mKe Hub: https://t.co/3DD1702BdR
we rebranded.
Elon Susk → ScoutDAO
same protocol. same mechanics.
20,000 Scouts. $150K co-invested per IDO. real SOL + USDC yield.
just a name that doesn't scare away the people we want at the table.
→ https://t.co/ngax7Gxbmo
2 days at Solana Summit Almaty. A few things stood out.
The projects that won weren't building for "the ecosystem." They were building for Kazakhstan. Specific market, specific problem, specific people. That's what got the room's attention.
VCs aren't waiting for the next big idea. They're waiting for proof that people actually want it. Traction first, funding second - that's just the reality right now.
And with more projects launching every month, the ones who figure out how to build an audience before they raise are playing a completely different game than everyone else.
But none of this matters if you're not in the room.
Events like this are non-negotiable for early-stage founders. It's the only place where the right conversation, the right mentor, or the right connection can happen in 10 minutes - instead of 3 months of cold DMs.
If you're an introverted founder - respect, but find a co-founder who isn't. Someone has to work the room. (Fortunately, not my problem.)
That's the game worth playing
@superteam@superteamkz@SolanaSummitOrg@SolanaFndn
Most crypto projects don't fail because the idea was bad.
They fail because the system around them is broken.
VCs move slow, miss the window, or back the same 10 networks. Launchpads give you a listing - but not a community. You raise, you launch, and then you're alone trying to figure out why no one is using your product.
Capital without users is just a longer runway to the same crash.
The best projects rarely get funded first. The loudest ones do. A founder with real tech but no Twitter following loses to a team with a slick deck and 50k followers. Every time.
Early-stage crypto funding isn't about merit - it's about noise.
And the people who lose aren't just founders. It's the ecosystem that never got the tools it deserved.
Something is broken at the early stage. And it's been broken for a while.
Just came back from Solana Summit Kazakhstan 2026.
Pitched Elon Susk in the startup battle - first time on stage, room full of builders and investors.
Didn't take the prize. But walked away with something more useful: people who got genuinely interested in what we're building.
Let's see where it goes. 👀
Back to work. 🛠️
@solana@SuperteamKZ
The Monopoly VCs Had on Early Crypto Discovery Is Breaking.
Not because VCs are bad at their jobs.
Because community capital allocation is getting structurally better at finding the right projects early.
The VC model was built for a world where information is scarce and networks are closed.
20 people in one room decide what gets funded. They have the access. They have the flow.
But in crypto, the best signal lives in the community - the builders, the early users, the people who know whether a product actually solves something.
Some of the most important Solana projects became relevant through community adoption before institutional validation caught up. Not because of it.
DAO voting doesn't replace expertise. It replaces gatekeeping.
When the community holds the treasury, three things shift:
Signal improves. NFT holders voting on funding have direct economic exposure to the outcome. Sharper filter than any Monday partner meeting.
Speed compounds. A governance vote closes in 72 hours. A Series A takes 6 months. In crypto that gap kills founders.
Accountability is public. Every vote, every allocation, every dollar - on-chain. Auditable by anyone. Try that with a traditional fund.
"But DAOs failed in 2021."
True. Here's why:
Token-weighted voting = plutocracy. No curation = noise kills signal. No accountability loop = funded teams disappear.
The failures weren't a failure of the model. They were a failure of execution.
That's why Elon Susk is built differently:
Quadratic voting - in our simulations it reduced large-holder dominance by 60%+ vs standard systems.
Soulbound Reputation Score - influence earned through participation, not purchased. You can't buy your way to a high rep score.
Curated proposals - governance only opens on projects that pass initial review. The community votes on quality, not volume.
The best projects in crypto weren't funded by consensus. They were funded by believers.
The infrastructure for community-led capital already exists. What's been missing is a launchpad that closes the full loop - curation, voting, treasury deployment, revenue share back to holders.
That's what we're building.
Will community voting replace VC entirely? No.
Traditional venture still owns deep tech, long-horizon bets, anything needing patient capital.
But for early-stage crypto - where community adoption is the only moat that matters - a closed network deciding what gets built for an open ecosystem is a structural contradiction.
That contradiction is getting harder to ignore.
Elon Susk is a DAO launchpad on Solana. NFT holders vote on early-stage projects, fund them from a shared on-chain treasury, and earn revenue share from what gets built.
Building in public - @elonsuskchain
What matters more in early crypto today: elite access or aligned communities?
We’re officially 100% technically ready.
All core systems are built and deployed.
The foundation is solid.
Now we shift gears.
Marketing phase starts now. ⚡️
This is where things get interesting.
Stay close.
Elon Susk – Build Update
The past weeks have been focused on building the core infrastructure behind Susk. Here’s what’s been shipped so far:
• Website completely redesigned
• Whitepaper published
• Wallet authentication integrated (Phantom, Solflare, Backpack)
The user cabinet system is now live.
Users can connect wallets and will be able to track their participation within the ecosystem.
We’ve also started development of the minting mechanics and project launch pipeline.
On the growth side:
• Launched early marketing experiments
• Community size increased ~4x
• Ran initial campaigns on Galxe and Zealy
And recently a new team member joined the project, strengthening the development side.
We’re still early, but the foundation is being built.
More updates soon.
- Susk