​​AMA with DAO.vc CTO (Text summary) We’ve recently had the | DAO.vc — Announcements

​​AMA with DAO.vc CTO
(Text summary)

We’ve recently had the AMA with the DAO.vc CTO Karina, where she answered all the questions regarding the platform, its functionality, possibilities for investors, startups, and freelancers. She also shared details of new products and benefits for the community.

Some info about the platform from the DAO.vc CTO

An investor can choose a relevant startup, a startup can hire a professional, and so on. The main condition is the match of parameters, requirements, and interests. In fact, the platform will function similarly to Tinder by creating pairs.

We also want to pay attention to security to be sure that your data will not be stolen. I cannot share all security aspects since it’s top secret info, but I can tell for sure that your data, as well as your transactions, are totally protected. Our Smart Contracts are backed by all testing required to ensure security within our platform. If you’re interested, we can prepare an article on user data security.

We also think about investors, since there are lots of scam projects on the market, and inventors are not pretty sure what to do with them. We want to protect their finances and make sure that the investment process is secure.

How does it work? Let’s imagine that I’m a startup applying for the LaunchLab. I present my project roadmap and divide it into main stages. I also have a pool of investors ready to give their money. Being a startup, I am to present proof of my work at every stage to get financing for further steps. I am not only collecting money but am also responsible for every work stage that will further be voted for by investors to continue financing. This system reduces risks for investors.

The idea is to make startups do their best to develop and protect investors who can see every stage of work with the help of the platform.

All the details will be described very soon. We have a great presentation ready, and in a week, we will show the material describing working mechanisms. There will be technical aspects with schemes and everything required to make the process clear.

Those who missed the AMA can read the translation and text summary.