KAMBRIA DAO’S FUNDRAISING APPROACH WITH LP TOKEN
Last week, we learned what the LP token is. We continue to introduce the sub-category: Kambria DAO’s fundraising approach with the LP token
Variable supply would be more suitable for Kambria DAOs in the early phase to allow possible changes and improvements until we reach the optimized model.
At launch
A round of private offers for big investors rather than a public offer for the community
The typical fund goal is $3M with 10M LP tokens. So LP token price is 0.3$.
The currency to buy LP tokens is KAT. The rate at which 1 LP = XX KAT would be determined by KAT price at the time the public offer opens. E.g. if KAT price is 0.03 then 1 LP = 10 KAT
Start Development when the fund raised passes 50% of the target.
Withdrawals are limited in the first 2 years to reduce risks in the solution development phase.
2 mechanisms
Disable LP burning: available option currently supported by XDAO
Vesting: in XDAO development plan, or could be developed by the Kambria team as a module integration to XDAO. Vesting quarterly for 2 years would be a standard process.
Since a DAO can only be on one blockchain, we will choose ETH or BSC for each DAO
Besides that, we will organize an Info Session for Petcare Robot DAO
Don’t miss it: https://kambria.io/dao/pet-care-robot/
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