By
Temitope Olatunji
May 13th, 2024
Tiger VC DAO is a platform that is open to every investor but early access is guaranteed by purchasing one of the 999 NFTs that is billed to be launched in about 2 days.
The decentralized ecosystem can be turned into a centralized investment zone with the dominating role of big venture capital firms. The need to return power, as it relates to investing in blue-chip startups in the ecosystem, accounts for why Tiger VC Decentralized Autonomous Organization (DAO) was established.
The platform is a product of combined effort from a group of crypto practitioners, well-known VCs, seasoned crypto investment researchers, contract auditing institutions, and KOLs. The goal of the platform is to break the monopoly of big venture capital firms and return power back to the general public.
While aiming to cater to the investment goals of every believer in the Web3.0, Non-Fungible Token (NFT), and the blockchain ecosystem respectively, the projects that will be invested in will be proposed and voted for by members of the Tiger VC DAO through a sophisticated system of automated smart contracts that functions independently.
Launch Plans for The Tiger VC DAO Ecosystem
Tiger VC DAO is a platform that is open to every investor but early access is guaranteed by purchasing one of the 999 NFTs that is billed to be launched in about 2 days. The limited number of NFTs in the collection is designed to attract only the most committed members that will believe and align with the DAO’s plans.
The funds raised will be used in taking positions with crypto projects in their Beta stages. The primary projects that will be invested in include other NFTs from such prestigious collections as the Bored Ape Yacht Club (BAYC), and Doodles, as well as other innovative startups as will be decided by the community.
Holders of Tiger VC DAO NFT will have a number of ecosystem benefits which shall involve the receipt of the platform’s governance tokens through which proposals and voting will be made. The top 50 wallet addresses holding the NFTs will be able to make a proposal to the DAO as to which projects to invest in.
It should be mentioned that those who propose will not be allowed to vote on the projects that they have proposed, but they will be able to vote for various other projects that are proposed by other individuals. Also, only those proposals which receive the biggest support will be backed by Tiger VC DAO. Tiger VC DAO will maintain a treasury fund that will be financed by proceeds from the investments made. With profitable investments, 10% of the funds will be put into the treasury while 70% of the equivalent capital will be liquidated and put into the treasury in the case of bad investments.
All classes of investors will also benefit when investments turn profitable as proposers receive a 10% of the income while voters are given 5%. The platform will also launch Invest Tokens which any external investor can use to take active investment positions with the platform.
Future Plans
With the completion of the sales of the 999 NFTs, the team behind the project is now planning to begin the proposing and voting process in the DAO to invest in a few NFT start-ups at early stages, as well as some well-known projects in the space.
Shortly after this is done, the DAO governance tokens will be airdropped to the NFT holders. Over the course of 12 months, Tiger DAO VC plans to ink new partnerships with industry heavyweights, most of which will be unraveled as the deals become confirmed.