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How Yotta21 Works

We enable token-based crowdfunding through smart contracts without intermediaries.

By Using the interface offered on the Yotta21 platform, projects initiate token-based crowdfunding by customizing smart contracts.

Inorder to participate in crowdfunding projects, Soulbound token ownership is required. Soulbound token was created to identify Yotta21 memberships and manage DAO groups. What Soulbound token ownerships can do ;

  • Initiate crowdfunding.
  • Join to crowdfunding.
  • Provides control over DAO governance.

Overview​

At the initial or advanced stages, projects perform mass token sales due to to their financing needs or business models. There are various alternatives for projects. For crowdfunding option, they can make their token public offering on websites. If projects wants to make crowdfunding on IEO-IDO-ICO-Launchpad platform, they need to send their tokens to the platform.

Above solutions are based on decentralized structures. Conditions are determined by project and platforms.

Our vision is to form the basis of the decentralized public offering platform. Projects want to vary their crowdfunding options as much as possible. For this reason we provide unifying model that supports existing platforms or structures.

Crowdfunding​

Projects must to have soulbound token ownership inorder to list them. Projects that want to crowdfund with Yotta21 platform can start crowdfunding by making the features offered with smart contracts.

USDC is being used in crowdfunding

They can add information about crowdfunding to project pages.

  • Since Yotta21 has a decentralized architecture, all projects can start crowdfunding with Yotta21 without the need of permission.

  • After crowdfunding is successful, the amount of USDC accumulated inside is sent to the DAO treasury as USDC when the project wants to withdraw it.

  • Participants who want to participate in the crowdfunding are charged with 1% of commision from their investment amount as USDC and sent to DAO treasury.

  • There is a success criteria in crowdfunding. If 80% of the targeted amount is funded, the project can access financing. Participants can withdraw their money in the following funding.

Investment​

Soulbound token owners can invest in listed projects as USDC.

They can discover suitable investments by selecting filters related to projects. Yotta21 can't make any decision about listing the projects, all projects can start crowdfunding without any permission

  • Investors need to manage their risks.
  • They can examine the points to be considered while investing Yotta21 blog pages.

Investments made in Yotta21 are responsible from investor

DAO​

We have a managment structure that we implement to eliminate central team commitment and ensure auditability on-chain. DAO groups that fulfill their duties receive their share from the treasury dpartment. 10% of treasury revenues are reserved for working groups within the DAO.

  • There are 5 diffrent groups: Community-Operation-Growth-Product-Consultants.
  • Workgroups have been created to carry out core team activities.
  • Audit is performed by Soulbound Token holders.

By using governance with Soulbound tokens in the DAO model, we increase the sustainability and security of governance. In the future, dual token managment will be implemented in DAO. For this reason, when Otta token is deployed, DAO will be launched

Interaction​

Here are some ways you can share your ideas across the community as we try to create the best together: 1- You can open issue on Github. 2- You can express your opinions on Discord, Twitter, Reddit and Commonwealth channels related to Yotta21.

Together we are building the decentralized infrastructure of collective and sustainable crowdfunding!