It’s an awesome start. Think once Revolution is introduced and some liquidity arrives via HeroSwap we might be in business. Tested out the use case but still a few kinks to work out. Excited to see what evolves of it after core team focuses back on its development. Would love a multi-sit wallet for truly decentralized control of a wallet, for some that is essential to proper management of a DAO or similar organization. Overall, it may very well be the future of the Kickstarter concept tbh. Hard to test to the limits with limited cash flow tho.
Hey Raj - we can schedule a chat about this on @Vibehut with the whole crew if you want?
I've used the platform as a "project" experimentally and done the raise and token distribution. Tools are fairly decent for a beta.
Some promising DAOs there like @DeSoShopping but they are not currently raising and not sure how they'd spend the money(at least until we are really back). @SeanSlater could comment more
The #post2earn DAO is awesome and has real financial mechanisms for return(similar to DeSoShopping). @edokoevoet could comment more
I’m going to finally try it out with my project, @Spatium. I held off for the last year or however long it’s been, but it’s gotten to the point I really need a little financial backing to keep building.
So we’ll see how it goes! So far, setting up the campaign was pretty simple and more straightforward than when it first came out in my opinion.
Raising the funds in multiple short rounds (since the current investor community appetite is only there for smaller rounds of 500-1000$ each round), engaging the community, structuring the financial returns and the liquidity, transparent communication and more.
The real move up will happen when a few projects actually bring in external investors with more appetite to pick up tokens on Openfund and once they come here, they start looking at other opportunities available.
In my opinion, it is a greenfield for someone innovative. If Focus has any success in bringing in new users, and some of the bitclout OGs like you come back, I think it opens up a whole different way to incubate. The @openfund project I like is @NodeBitsDAO I'd likely be interested in other crypto related for profit daos.
Anyone had success in starting or investing in OpenFund projects?
I'm really interested in exploring this as a means to bring on investment to incubate a new project.
Would love anyone's insight on this!
It’s an awesome start. Think once Revolution is introduced and some liquidity arrives via HeroSwap we might be in business. Tested out the use case but still a few kinks to work out. Excited to see what evolves of it after core team focuses back on its development. Would love a multi-sit wallet for truly decentralized control of a wallet, for some that is essential to proper management of a DAO or similar organization. Overall, it may very well be the future of the Kickstarter concept tbh. Hard to test to the limits with limited cash flow tho.
Hey Raj - we can schedule a chat about this on @Vibehut with the whole crew if you want?
I've used the platform as a "project" experimentally and done the raise and token distribution. Tools are fairly decent for a beta.
Some promising DAOs there like @DeSoShopping but they are not currently raising and not sure how they'd spend the money(at least until we are really back). @SeanSlater could comment more
The #post2earn DAO is awesome and has real financial mechanisms for return(similar to DeSoShopping). @edokoevoet could comment more
I’m going to finally try it out with my project, @Spatium. I held off for the last year or however long it’s been, but it’s gotten to the point I really need a little financial backing to keep building.
So we’ll see how it goes! So far, setting up the campaign was pretty simple and more straightforward than when it first came out in my opinion.
Only when I invested on @openfund itself.
Then either creating or investing wasn't successful.
It's a great concept, wrong execution.
Check out @NodeBitsDAO @DeSoShopping @DeSoOps @Post2EarnDAO - They've all been running it quite professionally.
Raising the funds in multiple short rounds (since the current investor community appetite is only there for smaller rounds of 500-1000$ each round), engaging the community, structuring the financial returns and the liquidity, transparent communication and more.
The real move up will happen when a few projects actually bring in external investors with more appetite to pick up tokens on Openfund and once they come here, they start looking at other opportunities available.
We’ve been operating successfully on @openfund for 18 months + now.
In my opinion, it is a greenfield for someone innovative. If Focus has any success in bringing in new users, and some of the bitclout OGs like you come back, I think it opens up a whole different way to incubate.
The @openfund project I like is @NodeBitsDAO
I'd likely be interested in other crypto related for profit daos.
@DeSoOps has been a tremendous success. My rounds close within days, but it starts slow and uber trust and consistency needs to be shown.
@NodeBitsDAO and @Post2EarnDAO are also great successes.
I'm curious to see the full use of this platform and what kind of investments you (or anyone) can bring.
I don't think we have had a sustainable project listed and thrive on Openfun *yet*.