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DAO Fund

Terms

  • 'DAO Fund' means an ecosystem fund account of a providing project.

  • 'DAO funds' are created and managed by the Operator.

  • The 'DAO Fund' is included in one project.

  • The assets of the 'DAO Fund' can only be used to increase t\he common interests of Project DAO.

  • If you execute funds of 10% or less of the “DAO Fund” assets, you can use it at the discretion of the Operator after notifying the project DAO by an autonomous method (community notice, etc.) up to 7 days before execution.

  • If you execute funds of 10% or less of the “DAO Fund” assets, you can use it at the discretion of the Operator after notifying the project DAO by an autonomous method (community notice, etc.) up to 7 days before execution.

Fundraising

  • Items other than royalties may vary by project.

Offering Revenue

  • Explanation: Revenue Distribution on Launchpad Offering Sales

  • Distribution ratio: 20-50% of offering sales

    • The actual allocation rate is determined by the Operator depending on the contractual relationship or situation.

  • Time of Distribution: arbitrary

    • If the revenue stored in the minting contract is sent to the offering distribution contract upon request by the Operator, it will be automatically distributed based on the pre-determined distribution rate.

  • Smart contracts

    • Minting contract: Store Launchpad sales

    • Providing contract: Verify Delegated R&R or DAO Fund Account Address

    • Offering Distribution Contract: Check Distribution Ratio, Run Automatic Distribution

Offering Items Ownership

  • Explanation: Allocate ownership of items in the Launchpad offering

  • Distribution ratio: 0-2% of offering round supply

    • The actual allocation rate is determined by the Operator depending on the contractual relationship or situation.

  • Time of Distribution: arbitrary

    • At the time of the offering round, the account directly requests the minting contract for claim-minting on the share ratio, and the minting is executed on the NFT (ERC-721) contract.

  • Smart contracts

    • Minting contract: Confirm Claim-Minting Request, Send Minting Request

    • OFFERING CONTRACT: Check offering round supply

    • Providing contract: Verify Delegated R&R or DAO Fund Account Address

    • NFT (ERC-721) Contract: Run item minting

Offering Remaining Items Ownership

  • Explanation: Distribution of ownership of remaining items that were not sold in the Launchpad offering

  • Explanation: Distribution of ownership of remaining items that were not sold in the Launchpad offering

  • Time of Distribution: arbitrary

    • If there is a remaining balance of sales at the end of the offering round, the Operator requests the minting contract for claim-minting on the remaining balance, and the minting is executed on the NFT (ERC-721) contract.

  • Smart contracts

    • Minting contract: Confirm Claim-Minting Request, Send Minting Request

    • OFFERING CONTRACT: Check the round supply of the offering, check the remaining sales volume

    • Providing contract: Verify Delegated R&R or DAO Fund Account Address

    • NFT (ERC-721) Contract: Run item minting Smart Contract

Internal Market Royalty

  • Explanation: The distribution of revenue to sales when a collection item included in the providing Project is traded on the Market Service provided by Otherworld for the nth time

  • Distribution ratio: 1% of item sales

  • Time of Distribution: promptly

    • Royalties are automatically distributed in the market contract at the time the item is traded.

  • Smart contracts

    • Smart contracts

    • Providing contract: Confirm delegated R&R or DAO fund account address, check allocation ratio

External Market Royalty

  • Providing contract: Confirm delegated R&R or DAO fund account address, check allocation ratio

    • Cover means when a royalty keeper account defined in an external royalty distribution contract can be assigned to an external market to store royalties.

  • Distribution ratio: 1% of item sales

  • Time of Distribution: arbitrary

    • When the royalty stored in an Operator-managed royalty keeper account are transferred to an external royalty distribution contract, they are automatically distributed based on a pre-determined distribution rate.

  • Smart contracts

    • External royalty distribution contract: Check the address of royalty keeper account, run automatic royalty allocation

    • Providing contract: Confirm delegated R&R or DAO fund account address, check allocation ratio

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