Intella X Service Documentation
  • Overview
  • Service Protocols
    • Proof of Contribution
    • Revenue Redistribution
  • Getting Started
    • Creating Your Web3 Wallet
    • Transferring Assets
    • Meta Transactions
  • Alphastarter
    • What is Alphastarter?
    • Key Features
      • For Investors
      • For Builders
    • Challenges Alphastarter Solves
    • NFT-fied Investment Certificate
    • How does Alphastarter work?
      • Funding
      • Voting
  • Token Economy
  • Grant Program
  • Roadmap
  • FAQ
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    • Grant program
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  1. Alphastarter
  2. How does Alphastarter work?

Voting

PreviousFundingNextToken Economy

Last updated 7 months ago

Using your NFT investment certificate, you can participate in a governance DAO voting process regarding the project’s fund distribution. When the project reaches a milestone, developers will provide proof of their development status or milestone achievements. Then, investors review the proof and the development result and vote on whether to approve the milestone and provide the fund to the developer.

Important Note

If the governance DAO vote fails to pass, the funding will immediately be terminated. Aside from the platform fees and the amounts already paid to the development team, the remaining funds in the Treasury will be refunded to NFT holders in proportion to their shares.

Voting Process

1

Before the milestone voting begins, an email with voting instructions will be sent to the email subscribers, as well as a notice put out on the Alphastarter community.

2

Once you connect your wallet, you will be allocated voting rights proportional to the number of certificate NFTs you hold for the project.

  • At this time, a snapshot will be taken at a specific block, and voting rights will be granted based on the NFTs held at that block.

3

You can vote by choosing one of two options: Pass or Refund.

  • If the vote passes, the development team receives the amount assigned to the milestone.

  • If the vote fails, the remaining funding is refunded to investors in proportion to their shares.

  • Quorum: At least 5% of total NFT holders must participate, with more than 50% voting "Pass".

Once the development team passes all the milestone votes, they will receive the full amount of the funding.