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before raising

  • An excellent DAO manager has spoken with the daos.fun team, but it is not required.
  • They have applied to start a DAO on daos.fun.
  • They have determined what their mission is (this could just be an investment strategy or a focus on a particular ecosystem or niche).
  • They are using a solid image and ticker (the best ones are meme-able).
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approved for raise on daos.fun

  • All DAOs must be approved by the daos.fun team.
  • Once approved, the DAO will be publicly visible on daos.fun.
  • Creators can promote their DAO and can start crafting their whitelist, but cannot yet accept SOL.

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the phases of a raise

  • When the creator is ready, they can start the raise by clicking “Start Raise.” This starts the 7-day timer to complete the raise.
  • There are 3 phases to a raise: VIP, Regular, and Public.
    • When creators click “Start Raise,” they will need to commit to 10% of the raise as “collateral”.
      • Example: If the raise is 100 sol, the creator must contribute 10 sol. 
      • The creator gets DAO tokens for their commitment. The creator can commit more than 10%. This is to prevent spam and ensure the creator is aligned with the project.
      • The VIP round will start immediately.
    • VIP Commit: Party Round participants with “VIP” status get a protected phase. 
      • VIPs should be the strongest supporters of the DAO, diamond handed, and ready to contribute to the DAO.
    • Regular Commit: These are people who are whitelisted via NFT or SPL tokens or people who have signed an invite link but not been marked as VIP.
      • Creators should slightly overallocate this phase.
      • The raise should be filled during this phase. 
    • Public Commit: This is for anyone to contribute as much as they want to the raise.
      • We advise people not to use this phase unless absolutely necessary.
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the raise fills

  • The on-chain timer stops as soon as the fund is filled.
  • By clicking “Start Trading” the creator can sign a transaction at his convenience that:
    • Moves the SOL from the fundraising contract to the DAO’s wallet (AUM).
    • Deploys the liquidity pool for DAO tokens using Meteora’s DAMM V2 LP.
  • Trading is now live for DAO token traders and for the creator.

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additional raise facts

  • daos.fun uses a presale mechanism, not a bonding curve. Everyone gets the same price when they commit to a raise.
  • All tokens must be sold — tokens cannot be airdropped or reserved.
  • Raises have a hard cap that cannot be exceeded.
  • If the raise goal is not met in 7 days, the raise fails.
    • All users can withdraw their SOL without a fee.
  • Users receive tokens immediately upon committing to the raise. Users own their tokens. They can transfer their tokens or make liquidity pools on other sites — even before the official liquidity pool is live.