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cryptolawyer, doing things at @angelblock_io

[Neox - Stablecoin Yield Infrastructure @NeoxInfra]

Just a few short hours until our @AngelBlock_io raise goes live!

So now is the perfect time to grab a ☕️ and learn more about how we're using AI to remove all DeFi technical barriers, paving the way for the mass adoption of DeFi products!

[👑Crypto Caesar👑™️ @crypto_caesar1]

Thrilled to announce my partnership with @TopGrassClub! 🌿 Tokenizing legal C4NN4BIS ownership via NFTs, hosting crypto-C4NN4BIS events, and launching a Web3 play-to-earn game.

Be sure to follow their page and watch them grow🌿 #RWA

[ΜΟΛΩΝ ΛΑΒΕ @zdrug_g]

🔵 At AngelBlock we believe that our approach to governance is a distinctive feature, distinguishing us from traditional launchpads. ✅

🔵 So today, we will talk about Post-Raise Governance. Get comfortable and learn something new, beacose it is 📚 time‼️

🔵 Post-Raise Governance: What Is It❓

The post-raise governance process is a system that allows our community of investors to have a say in the progress of the projects they support. This process involves voting on milestones, which are crucial points in a project's development.

🔵 Defining Milestones.

During each AngelBlock fundraise, startups define a series of milestones. These milestones comprise specific deliverables, a target completion date, the budget to be unlocked, and the number of tokens to be released upon completion. All funds raised are held in a smart contract and released to the project only upon the successful completion of each milestone.

🔵 How Milestone Voting Works ❓

Eligible investors participate in standard voting over a seven-day period, casting an 'Approve' or 'Reject' vote on a milestone's completion and providing a rationale for their choice. Every vote carries weight proportional to the voter's share in the project. At the conclusion of the voting period, the tally of 'Approve' and 'Reject' votes determines whether a milestone has been achieved.

🔵 Milestone Approval and Rejection.

When a milestone date is reached, the project must update the milestone status providing a delivery report. Then, the milestone voting starts. Upon approval, the designated budget and tokens are released, with investors able to claim tokens proportionate to their investment.
🔹Approved Milestone 🔹
A milestone is approved if 'Approve' votes outnumber 'Reject' votes. Even in a tie, the milestone is deemed approved.
🔹Rejected Milestone 🔹
If 'Reject' votes outnumber 'Approve', the milestone is rejected. In such a case, the startup has a week to submit a repair plan, detailing new deliverables and a revised date. Investors then vote on this repair plan.

🔵 Implementing "Milestone 0 and Milestone 1".
🔹After the first fundraises on AngelBlock and reviewing the milestone process, it was decided to modify the milestone process slightly. Specifically, to reduce the waiting time for the community between a project's fundraising and its launch, (usual to some really early projects) and to assist the project in acquiring the much-needed liquidity typically required at launch, they implemented two hardcoded milestones:
Milestone 0 and Milestone 1.
🔹 Milestone 0: 🔹
🔹A liquidity unlock immediately after the fundraiser, which will help the project secure essential early liquidity for processes like CEX/DEX listings, protocol expansion etc. This will enable the startup to progress through their subsequent milestones more quickly and smoothly.
🔹 Milestone 1: 🔹
🔹 A hardcoded milestone for all future fundraises, which will be the Token Generation Event (TGE) — essentially, their token launch. Milestone 1 will be tied to each project's first unlock, so investors can claim their first batch of tokens upon milestone approval. This milestone is designed to protect our investors by preventing startups from setting milestones unrelated to their actual launch, which could potentially delay their launch indefinitely or until they run out of funds or have one of their milestones rejected.

[Chainsight @ChainSight_]

@getoutofhome , representing Chainsight will be joining AMA with @AngelBlock_io on June 27th, 2024.

Will be discussing concept of Chainsight, and why it will benefit the entire crypto projects.

➡️ Set a reminder here
https://t.co/jtdDn2ZqWC

[Alex Strz @Alex_Strz]

If this doesn't trigger any securities laws for L0 then I am officially rebranding @AngelBlock_io as an on-chain donations platform where you claim tokens after donating in USDT.