Shine DAO Has Been Listed On CryptoSky Platform
Hello everyone, we are delighted to inform you Shine DAO successfully listed on our platform. Shine DAO is a Next generation DeFi incubator ......
Early stage crypto teams all require a certain mix of resources to develop their project in a fast and sustainable way. They need early-stage users that can provide feedback together with advisors that possess expert knowledge, they need to build trust
and credibility in their project and they need to get exposure in the wide crypto sphere. Traditionally, these projects have seeked VC funding to obtain these resources and scale up their development.
PR and community building
Development task force
UX / UI design & Branding
The current system with VC funding hybrids have an inherent conflict of interest between the token- and equity holders.VCs are seldom interested in acquiring tokens in a potential project but rather equity in an established
entity. Friction can occur if the opinions of equity holders are different to token holders. In essence, you end up with 2 separate systems of governance, where one system has to win. Listen to equity holders and you as a project
lose credibility with your community and token holders. Listen to the token holders and you risk losing your funding from the VC. We see this as a tug of war where the project founders are the rope, pulled between two major forces.
the right fundraising platform as an early-stage team is difficult, and we believe that maximizing project success requires more than just the provision of capital. Furthermore, we want to be true to DeFi and enable a way for projects
to grow outside of the centralized system.
We are proud to present a fundraising model that allows teams and communities to engage in new incentivized relationships. ShineDAO enables it’s community members to invest in seed-sales
of early-stage teams and works intensively with these teams for up to two months, to get them into the best possible shape and refine their product for IDO launch. ShineDAO takes 5-20% of the total token supply of incubated projects
and distributes them to contributors from our community proportionally to the value of their input. For more information on the selection & incubation process, please revert to Deal-flow.
We support our teams
See more in section Focus Areas
The ShineDAO facilitators will be distributing 200.000 SHN to the most helpful 25 early active community members. This will incentivize them to introduce more members to the community and remain active in the ShineDAO Discord channel. ShineDAO is raising funds to be able to shift into next gear with product development, providing liquidity when the token gets listed, continue incentivising the most active community members and cover any costs for external advisors.
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Writing By CsJoy