As an Investor, the only way to participate in a Vintage DAO is to invest in the fund initiated by Vintage DAO, that is, to participate in the fundraising initiated by Vintage DAO for a fund.
When a Vintage DAO initiates a new fund and enters the fundraising phase, any person who meets the Investor Eligibility set by the DAO (wallet address) can participate, deposit funds to the DAO and seek an investment share to become an investor in the fund.
Before Involved
Participating in the fundraising of a new fund in Vintage DAO requires the following considerations:
- Carefully read the information provided by the DAO about the fund, such as the Private Placement Memo. In general, you can find the introductions and links to this in the Fund Establishment proposal.
- Carefully understand the theme, size and other information of the fund. This information allows you to know what areas your money will be invested in in the future and what the prospects are.
- Learn more about the DAO's Governors. These people will be your money managers and, to a large extent, their performance and ability will determine your future returns.
- View the DAO's portfolio to see the DAO's previous investment performance.
- Carefully review the time settings of the fund, including Term, Refund, Redemption, etc., to determine whether the time is in line with your expectations.
- Take a closer look at the fund's Fee settings, including Governor Fee & Carry, Scout Fee & Carry, and Redemption Fee.
- Check the participation limits of the current fund, including the Investor Limit and Investor Eligibility, so that you know whether you are eligible to participate.
Make A Deposit
When a Vintage DAO's Fund Establishment proposal is approved and Fundraising is started, you can see its current status and data on the DAO's homepage, such as the fundraising goal and the amount currently raised, and the countdown to the fundraising period. If you decide to invest in this fund, you only need to:
- Click the Deposit button in the Deposit module.
- Then enter the amount you wish to deposit in the input box that pops up (the minimum deposit threshold and the maximum limit that can be deposited depend on the minimum Deposit and Maximum Deposit settings set for that fund).
- Confirm that the amount is correct, click Deposit button again, and after two wallet transaction confirmations, the deposit is successful.
One thing to note is that you need to understand how the fund will be raised this time.
- In a FCFS type of fundraising, when you successfully advance deposit before fundraising closes, then your advance deposit is equal to final deposit in the fund if fundraising success.
- In a Free-In type of fundraising, your final deposit in the fund depends on a number of other factors, such us proportional allocation to deposits under overfunding, and Priority Depositors have priority allocation privileges. Check Fundraising for details.
When you become a Vintage DAO fund investor, you can see yourself in the investor list on the DAO's About page, along with your deposit amount and percentage.
If you have already made an advance deposit, but the fund fails to raise funds, you can get the refund from My / Refund page. If you participate in a Free-In type of fundraising, but only a part of your advance deposit is finally accepted and confirmed at the final allocation of fund share, then you can get the remaining deposit refunded in My / Refund page. See Refund for details.
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