💡How it works?
Funds allocated to the stream will not be deposited straight away, money is counted on a regular basis every second in proportionate installments. Investors can use their voting ticket to reject project funding if they are not happy with the overall results of the start-up.
Project life cycle
We created a visual schema to show the life cycle of the project in build1 protocol. We cover all three phases - fundraising, execution and distribution.
Fundraising period
| Type | Voting power weight |
|---|---|
Seed | Invested funds * 2.5 |
Private | Invested funds * 1.9 |
Public limted | Invested funds * 1 |
Distribution period
| Type | Period | Purpose |
|---|---|---|
Seed funds | Instant | Instant payout for initial project expences |
Linear cash flow | Milestone period | Allows to secure investors unused funds |
Execution period
| Type | Period | Purpose |
|---|---|---|
Voting pool | Entire project period | Suspend the project funding when it reaches 51% of rejection votes |
Milestone | 1-3 months | Keeps track of the schedule, deadlines and fund usage. |
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