DAOventures (DVG) IDO: Launching on Polkastarter Thursday 15th February 2021
As well as looking to make the power of decentralized finance available to everyone through our easy to use suite of products, we believe that everyone should have the opportunity to invest in the DAOventures vision for the future of DeFi.
What is DAOventures?
We’re bringing together the best of DeFi, offering users tools that will enable them to invest and manage their DeFi portfolio easier than ever before. By reducing the levels of complexity that keep many traditional or inexperienced investors from entering the space, we aim to open up the floodgates and make DeFi accessible to all.
DAOventures is a decentralized pooled asset manager that enables Liquidity Providers to invest in the best DeFi products. Utilising smart contracts and automated robo-traders, DAOventures acts similarly to a traditional VC, investing in the best performing DeFi assets and giving you, the user, the most optimized return.
Our core team are highly experienced in traditional finance, Fintech, blockchain technology and software architecture and come from previous roles at companies such as Google and Standard Chartered Bank. We have researched, analyzed and invested in the latest DeFi protocols to filter the best from the rest, and our main value proposition is focused on optimizing user journeys to deliver seamless experience and usability with the best performing strategies.
DAOventures Polkastarter IDO
Following a $1.3m Private Sale that attracted some of the top funds in the blockchain space such as Moonrock Capital, Magnus Capital, Astronaut Capital, GBV, Ascensive Assets and more, we are excited to announce that DAOVentures will be launching a public token sale on the popular Polkastarter platform on Thursday 15th February 2021.
Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot blockchain. The Polkastarter platform enables projects to raise capital in a decentralized environment and, since it’s launch back in October of 2020, the platform has helped various innovative blockchain and DeFi projects launch into the cryptosphere successfully.
The Polkastarter platform has successfully led 12 IDOs (Initial Decentralized Exchange Offerings) to date, with the permissionless structure allowing for straightforward, affordable and fast capital raises to take place. We believe that launching with Polkastarter will ensure a successful and smooth raise that is inclusive for all types of investor.
Token Sale details
We will be deploying a DVG token pool on the Polkastarter platform on Thursday 15th February 2021, with a total of 444,444 DVG tokens being minted for the public sale.
We will be giving both POLS token holders from the Polkastarter community and the public an opportunity to purchase DAOventures native DVG token at a discounted price before listing on Uniswap and various other popular exchanges in the near future. The token sale will therefore take place in two pools on the Polkastarter platform -
POLS holders have been allocated 222,222 DVG tokens of the overall raise with the other 222,222 DVG tokens being offered to non-POLS holders and the DVG community. DVG tokens will be available to swap for either POLS tokens or ETH at a sale price of $0.225 per token.
- Thursday 15th February 2021 — Exact time TBC
- 444,444 DVG tokens for sale in total
- 0.63% overall token allocation
- Price $0.225 per token
- Hold 3000 POLS for a minimum of 7 days or provide POLS/ETH Liquidity on Uniswap to access the POLS pool
- Accepting ETH only for non-POLS holders
- Max individual cap $300
- Total raise $100,000
- Initial market cap $430k
Private Sale info
There was no seed round for DAOventures and the Founders funded initial development of the MVP platform themselves. There was also no pre-mine for the team or any advisors.
Private sale round information is as follows:
- Price $0.18 per token
- Total raise $1.3m
- 10.47% overall token allocation
- 3 months vesting
What is the DVG Token?
The DAOventures native DVG token has several utilities. Working as an incentive mechanism to attract and stake liquidity, the DVG token invites market participation from the DAOventures community ensuring network effect, long term demand and community involvement.
DVG holders can benefit from a range of staking incentives that will reward them for their efforts, including pool-specific rewards, reduced transaction fees and community related proposals for improvements.
For more information on the DVG token utility, overall token allocation and more, please read our tokenomics document:
For additional details related to the DAOventures Governance Token (DVG) smart contract, please visit our Github repository: https://github.com/daoventures/DVG
We look forward to this exciting milestone for the DAOventures platform and welcome you all to experience the various features we have to make DeFi more accessible and profitable than ever before at https://daoventures.co!
DAOventures is a DeFi robo-advisor and automated money manager platform. Imagine “Robinhood for DeFi”. It is our mission to make DeFi simpler, accessible & inclusive. We believe in creating a simpler, more accessible, and more open world that is permissionless, inclusive and guided by our DNA of continuous learning, integrity and transparency.