FAQ
What is ShiftDAO? ShiftDAO is one of the world's first Equity Tokenized DAO (Decentralized Autonomous Organization). Our vision is to open and merge the financial world with blockchain technology and web3, combined with real tokenized equity, basically a fully decentralized tokenized economy. ShiftDAO campaigns create MicroDAOs where investors can submit, vote and discuss investment-related proposals. We welcome all individuals and communities to join us and contribute.
Why are you using tokenized equity? Tokenized equity is used by ShiftDAO to replicate capital gains of underlying equity instruments through a linked token that is custom made for each project's offered equity. Tokenized equity allows for greater liquidity and accessibility compared to traditional forms of equity. It also enables more efficient fundraising, as tokens can be sold to a large number of investors through digital platforms. Additionally, tokenized equity can provide a way for investors to have more control over their investments and to have more visibility and transparency into the performance of the underlying assets. Overall, tokenized equity is a powerful tool for organizations like ShiftDAO to raise capital and provide investment opportunities for a wide range of investors.
How can I sell my tokens? You can sell your token on the Centralized or Decentralized exchanges when the projects open up their trading pools and get their tokens listed.
When will my tokens be listed? The tokens are to be listed by the projects within 5 weeks of completing their campaign. Tokens will be unlocked after the campaign allowing the token creators to set up DEX liquidity pools instantly.
Does ShiftDAO hold onto any tokens? No, ShiftDAO does NOT hold any tokens. The tokens are held only by the campaign creator for liquidity and market making purposes and by the investors themselves.
Is ShiftDAO affiliated with the projects? Yes and no. The affiliation is not direct, but some DAO council members can offer advisoring if needed and watch through to make sure that everything is functioning correctly. Also on top of that ShiftDAO does offer tons of different services to their clients, like listings on CEX’s & DEX’s, and much more.
Who is responsible for the token safety and liquidity? The investors themselves are eligible and responsible for the token safely, as each investor will be holding their tokens in their wallets. ShiftDAO will NOT hold any assets for anybody. As for the liquidity, the responsibility and liability is on the project owners who are setting up the liquidity pools.
Who can I reach out to for concerns regarding an ongoing campaign? For ongoing campaigns, you can reach out to the ShiftDAO community moderators through our official telegram group. They will direct you to the appropriate person to handle the concerns.
Who can I reach out to regarding a completed campaign? For completed campaigns, the investors and users can reach out directly to the campaign owner itself. The ShiftDAO team will help connect investors to the project owners.
How can I be assured that the tokens represent equity? For every campaign, we make the project release a press statement declaring the movement of the equity rights through SAFE agreements or promissory notes. KYC-ed large investors will be able to request for the redacted version of the agreement itself.
How can I cash out my investment? Investors can exit their investments in two ways. Either by directly selling their tokens on the open market or through liquidation calls proposed by the campaign owner. The liquidation or buy-back calls need to be voted on by all investors together to trigger a buyback event.
Who owns the ShiftDAO? The ShiftDAO entity is registered in the Marshall islands but the entire platform is automated with self-sustaining smart contracts. The DAO multisig is controlled by the council that approves and releases marketing and maintenance expenses.
What rights or votes do I have through SHIFT DAO? Campaign token holders will be able to submit proposals, discuss, and vote on key investment decisions regarding their stakes. Proposals that involve large capital movements, will need to be approved by the campaign owner as well. Proposals can also be used to reach out to the project/campaign owners to give feedback, raise concerns or submit suggestions.
How are funds transferred between parties? All the fund transfers are being directly automated through the smart contract using multi-signature wallets. This means that the ShiftDAO is fully decentralized with its fund transfers and transactions.
What happens if a campaign does not get fully filled? A campaign not being fully filled is a completely normal thing and that happens in our everyday life. There are plenty of reasons why a campaign can fail. Starting from the market conditions themselves, to bad promotion of the project, to investors not personally wanting to invest in the project (it still doesn’t mean that the project is not good), to various conditions that dictate the real success of a campaign. a) Softcap has not been filled. In the case that the Softcap is not hit, everyone's tokens will be returned to their wallet addresses with which they have purchased the tokens from. That would happen automatically as programmed within the smart contract as soon as the sales round ends; resulting in an unsuccessful launch b) Hardcap has not been hit. Softcap has been filled. In a case that a campaign hits the softcap but not the hardcap, the sale would be over and the raised amount would be retained by the project, while the remaining tokenized equity would be burned straight away automatically as programmed within the smart contracts. That way it would stop the tokenized equity from being held with the company and ensure no dilution in implied control over the token.
Why does ShiftDAO contain the word DAO? While the ShiftDAO entity itself is governed by a council and through automated smart contracts, the true essence of DAO is felt by investors for specific project campaigns. The platform creates a microDAO for every campaign where investors can initiate, vote, and discuss proposals related to their underlying investment itself!
How secure are my transactions through the platform? The smart contracts have been audited by two different 3rd parties after everything had been coded, connected, tested and launched. As with any crypto project or company, there is always a chance for complete loss of funds, exploits or bugs within the smart contract, or malicious actions, or mistakes made by multi-sig administrators and different complicated multi-signature layers. So please make sure that you always audit the contract yourself and make sure that you check everything yourself before investing into anything. Remember never invest more than you can afford to lose.
Are there any restrictions on who can participate in the campaign? There are no major restrictions on who can participate in the campaign although geographic and regulatory rulings take precedence on who is authorized to use our platform. We DO NOT endorse any illegal access to the platform and expect the users to follow their local laws and rules.
How do I buy into a campaign (ShiftDAO sale)? Selected Projects have the ability to launch campaigns that tokenizes equity capital gain rights and makes them available to the public for purchase. You can buy into a campaign through our platform by entering the campaign page and interacting directly with the sale routers when the project creators launch the campaign.
Why have I not received my tokens yet? There can be some delays in receiving tokens if the blockchain network is congested. If you do not receive your tokens within the first 5 minutes after your purchase, and if you have imported the token that you are supposed to receive and see zero balance on metamask, we will direct you to our technical support team.
Why am I not able to transfer the campaign tokens? The campaign tokens are locked and untransferable until either the end of the sale campaign or a later date that the campaign owner declares prior to launching the campaign. This restriction is made to promote safety for all investors and to give campaign owners time to set up their liquidity pools or CEX listings.
Does ShiftDAO have any large partnerships? ShiftDAO has service agreements and collaborations with multiple marketing agencies and blockchain advisory firms. Given the distributed nature of operations, there is significant involvement from all stakeholders who are also deemed partners!
How does ShiftDAO earn money? ShiftDAO earns revenue through commissions on every project that raises capital through our platform. We also have referral partnerships with service providers that provide referral kickbacks to clients introduced by us to their services/products.
What is ShiftDAO’s legal status? ShiftDAO is a registered company, incorporated in the Marshall Islands.
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