DUA Listing is Now Live on Fundrs — Stake ALBT if you want to Participate.
AllianceBlock is delighted to announce that dua.com has become the first project to launch on Fundrs! dua is the first project to take advantage of Fundrs’ unique participatory capital-raising platform following our launch on mainnet in August. You can read a press release announcing the listing here and see for yourself using this link. To celebrate this historic moment we are introducing a one-off special offer for the rALBT requirement per ticket (details below), this one-time offer is limited.
In this article, we’ll outline the listing process, show you how you can navigate the Fundrs’ dashboard, and walk through how you can participate in dua’s capital-raising rounds.
DUA Listing — What’s Happening and What Comes Next?
Fundrs is a platform built on the principles of participatory capitalism which shifts the functions of validation, rating, and governance of a centralized funding entity (like a VC firm) to the collective input of participants in the ecosystem. The Fundrs platform aims to provide a decentralized infrastructure allowing blockchain-based projects and traditional startups, called “Seekers”, to receive funding from the platform’s users.
Today, dua has become the first project to officially list on Fundrs, marking the first step in its mission to raise capital and draw expertise from a decentralized community of Funders. The listing process requires that dua submits the listing form, which covers all the basic information about the token sale and about their project.
Go to Fundrs; then select — Browse Listings
When the listing screen comes up, you can see that dua is the project you can click to enter:
The listing homepage now shows you a complete overview of the dua listing, including an educational video, summary and pitch, token metrics and vesting details. You can also find links to key documents, including the project’s white paper. On the right-hand column, you can see all the details of the upcoming token sale on Fundrs.
The listing will be available in a view-only mode for the next 3–4 weeks until the capital raising round opens. The dua white paper contains a full overview of the tokenomic model for DUA.
The details of the token sale are as follows:
Token ticker: DUA
Token type: ERC-20
Blockchain: Avalanche
Total supply: 1,000,000,000
Token sale allocation: 20,000,000
Token sale opens: Nov 23, 2022, 17:00 hr
Token sale closes: Dec 14, 2022, 17:00 hr
Token price: $0.0175
Funding target: $350,000
Maximum participation per user: 20 tickets
Ticket cost: 1000 rALBT to access 1 ticket and 1 ticket bought with 500 USD (fiat payments handled by our payment partner Onramper) or 500 USDC.
The only way participants can obtain rALBT is by staking ALBT. As the first project to launch on Fundrs, dua.com is the only capital-raising event where the rALBT cost will be set this low. Therefore, rALBT is set to become a more scarce resource, and if you want to participate, stake your ALBT.
How to Stake ALBT to Generate rALBT
In the AllianceBlock ecosystem, rALBT is a measure of your reputation, and therefore it cannot be bought, sold, or otherwise transferred between users. Users of AllianceBlock can earn rALBT by making positive contributions to the ecosystem in various ways. However, staking ALBT generates rALBT passively and unlocks multipliers with enhanced benefits for higher stakers.
Currently, around 10% of the total circulating supply of ALBT is staked in Fundrs and generating reputation in the form of rALBT. rALBT is required to participate in capital raising rounds and will increasingly be required to participate in our ecosystem.
Please note that the DUA token is issued on the Avalanche blockchain. Therefore, you will need to ensure your ALBT tokens are bridged to Avalanche, you can do so using the AllianceBlock Bridge. If you need help getting started with the bridge, here’s a handy tutorial.
To stake ALBT, go to the Fundrs homepage and select “Stake ALBT.”
You will be prompted to connect your MetaMask wallet. Once you’ve entered your wallet credentials, you can then choose the amount of ALBT you want to stake.
After you click “approve” you’ll be prompted through the approval process with MetaMask.
Getting Whitelisted
Anyone who wants to buy a ticket to participate in the capital raising round will need to get their wallet whitelisted. The whitelisting will be carried out using AllianceBlock’s Trustless IDentity Verification (TIDV) solution for which Fundrs will be the first use case.
TIDV will launch soon, allowing you ample time to undergo the whitelisting process in advance of the ticket sale opening. Whitelisting involves undergoing a KYC check by GBG, our trusted identity verification partner.
The distinct advantage of using TIDV is that you only need to undergo a KYC check once. Thereafter, any other services that have integrated TIDV in the AllianceBlock ecosystem or beyond will allow you to prove your identity in a trustless way, without having to hand over your ID documents each time.
Please note that residents of some countries are prohibited from participating in the capital raising round by law. Residents from select countries won’t be able to participate, in the coming days, we’ll update our community in detail about which countries can and cannot participate.
Joining the DUA Token capital raising round
Once the capital raising round opens, as well as being whitelisted, you’ll also need to ensure you have the minimum balance of 1000 rALBT plus the purchase amount of 500 USD or 500 USDC per ticket, the maximum allocation would be $10,000 for 20 tickets and 20k rALBT. If you choose to pay with fiat, the payment will be handled via our payment partner Onramper. If you want to know how to utilize the widget our latest integration blog walks through the process.
Once the capital raising round is open, you can enter the dua.com listing and choose “Buy ticket” on the right-hand side of the screen. This will take you through the purchase process.
Once the sale opens, we’ll publish more information, including screenshots to walk through the process. So in the meantime, peruse the listing information dua has provided, ensure you have rALBT, and wait for the capital raising round to start.
About AllianceBlock
AllianceBlock is building seamless gateways between TradFi and DeFi by remedying issues in both spheres and linking them more closely. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects, and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
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