0xa0ee1b2f…3c65sent to0x0831172b…d7e7·#20,492,684·view on Etherscan
{"projectName":"Common Wealth","guardianProposal":"Earthling","guardianDiscord":"Discord: cryptoearthling. Twitter: @earthlingweb3","guardianAddress":"0xa0Ee1b2f339EcA52b374617D80396DEbA93e3C65","shortDescription":"Common Wealth (CW) is an early stage investment system for everyone - creating an all-access pass for retail investors to take control of their financial future. CW is disrupting, scaling and optimising the traditional venture capital investment model using Web3 principles and technology. By opening up access to to the 99%, CW incentivizes crowd-sourced wisdom and enables better standards of investment and education at scale. CW prioritizes the highest level of integrity and due diligence in order to verify the trust, reliability and security of the platform and all projects. In order to create a more democratic financial system, CW takes a first principles approach, designing and implementing innovative solutions from the ground up. CW set about designing a revolutionary economy, made possible by combining sound economic principles with the immense power of Web3 technology. What has emerged is a truly circular protocol, where all value accrue to the protocol, and is redistributed to the community. Common Wealth removes the limits of what has become an antiquated, centralized VC model.","proposalUpdatesOverTime":"Earthling","proposalAllocation":"single","manifestoOutlinedFit":"By democratizing access to presale investments usually reserved for VCs, Common Wealth aims to further decentralization in the web3 investing space. By the way, their team was inspired by the Cult manifesto and proposal model, so that both projects share common values, and part of the Common Wealth ecosystem is the Wealth fund who operates like the Cult \"infinite machine\" for proposals.","socialChannel":"https://linktr.ee/joincommonwlth","links":"https://joincommonwealth.xyz/whitepaper","projectProposalStage":"live, IDO was end of May 2024","returnModel":"This is more than an investment, it is a partnership. We agreed on an OTC deal where 13 eth worth of WLTH will be acquired at the price of 0.03 $ per token. 30% will be liquid from the start, 70% will be vested over 12 months with monthly unlocks. There will be some joint marketing from Cult and Common Wealth. The hope is also that a proposal from the Wealth Community fund can be passed at some point to invest into Cult. Financially speaking, Cult DAO will be rewarded in 2 ways: 1) refill the treasury if/when necessary 2) Buy-back Cult, 50% burned, 50% distributed to stakers.","proposedTimeline":"As the Cult treasury is relatively low currently, it is planned to take some profits after a 3-5x ROI to refill the treasury, ideally within the next 3-6 months. Other than that, the vision is to stake a part of the token into the Wealth fund, to participate in governance and earn passive income long-term, that will be converted into Cult, burned and distributed to Cult stakers, as well as any further profit taking. An investment into one or more funds on the CW platform will be considered if judged opportune. Regarding the exact timing, some flexibility is asked for here to adapt to market conditions.","fundsStoredHeldUtilised":"The funds will be held in the main Cult multisig adress (guardiansofcultdao.eth) and utilised as outlined above.","wallet":"0xb2525a2D6488EA0037bB2f439959AeB3BfaF8651"}