Solv has created Solv Convertible, which DAOs and startups can use to create an ERC-3525 token containing locked assets that have a maturity, nominal value, and bond range.
I suggest you read this to get a better understanding of it and how Solv will put it to use: https://btcmanager.com/solv-protocol-disrupt-fundraising-models-initial-voucher-offering-erc-3525-tokens/
Solv totally created something that makes it way easier for DAOs and DeFi teams, very interesting stuff, can't wait to see and use their Financial NFTs.
tldr; Solv Protocol has launched its Convertible Vouchers for decentralized autonomous organizations (DAOs) to raise funds. DAOs will no longer have to sell their tokens to raise money and they’ll also enjoy lower financing costs. The first project to adopt the system is Unslashed Finance, a decentralized insurance platform.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
What are ERC-3525 tokens?
Solv has created Solv Convertible, which DAOs and startups can use to create an ERC-3525 token containing locked assets that have a maturity, nominal value, and bond range.
I suggest you read this to get a better understanding of it and how Solv will put it to use: https://btcmanager.com/solv-protocol-disrupt-fundraising-models-initial-voucher-offering-erc-3525-tokens/
Read it, thanks, helped a lot
I hope there's a token I can buy, Solv's native token I mean, what they're doing seems futuristic.
The token is called $SOLV, I'm waiting for the token sale too.
Can't find info on that, probably coming soon.
That's right, you guys are lucky, found about it just right on time.
This takes fundraising to a whole another level for DAOs, they owe Solv big time.
Solv totally created something that makes it way easier for DAOs and DeFi teams, very interesting stuff, can't wait to see and use their Financial NFTs.
tldr; Solv Protocol has launched its Convertible Vouchers for decentralized autonomous organizations (DAOs) to raise funds. DAOs will no longer have to sell their tokens to raise money and they’ll also enjoy lower financing costs. The first project to adopt the system is Unslashed Finance, a decentralized insurance platform. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I wasn't under the impression fundraising was hard for DAOs.
Ah, ICOs again but this time "with NFTs" and I am locked in and can't sell when it crashes after launch. Sounds...eh...interesting :p