Done, I signed up. Now how do I get the cool stuff?
First of all, a big welcome to SeedHunter! We are very happy to see you around! Now you can start using the platform services.
Please note that for the full functionality there is still one thing to do, which is the one-time KYB (Know your Business). This ensures the safety of the platform for you and all other users. You will be asked to do the KYB once you start setting up your Funding Round. If you want to do the KYB directly, you can navigate to My Account in the main menu and open the tab KYB. Please note that the KYB is run by an external service provider (Synaps.io).
Applying for a Funding Round involves the following steps:
- Step 1: Fill the due diligence questionnaire
- Step 2: Complete your KYB
- Step 3: Create your funding round overview page
- Step 4: Setup the legal clauses
We will explain the steps details below.
How do I set up a funding round?
Getting started
Please start on the main menu item “Funding Round”. You will be directed to the funding round setup main page with instructions on the four steps mentioned above. There are no additional requirements up to this point: any registered project user can apply for a funding round.
Step 1: Due diligence questionnaire
Please fill in this form, providing details of your project, token and TGE plans. This will help to organize all relevant information and start our internal due diligence process. The information requested on the questionnaire is based on common concepts required for token launch planning and funding, including tokenomics decisions. Feel free to contact us and our account managers for support.
Step 2: KYB
During the Know-Your-Business process you will need to provide official documentation for your company and its representatives. The KYB process will guide you through everything that is needed, but if you want to prepare ahead, this is the list of documents required:
1. For the Corporate Officer, Representatives and Owners: ID Document and Proof of Address
2. For the Incorporated Company: Certificate of Incorporation, Memorandum of Association, Register of Directors and Shareholders, Beneficial Owners/Directors, Proof of Address
Step 3: Funding Overview Page
In the funding overview you can present your project, funding round and tokenomics to the public. We will provide you a full example of how a funding page will look like in the platform. You will be able to edit each section, customizing to your own goals and strategy. All fields are important here, as the more you can inform and the clearer the information is presented the better. But some priorities here will be: defining the funding round type (e.g: seed, private), token prices (both public and for the round), project presentations (such as Elevator Pitch, Who is Involved and Marketing Strategy), TGE dates and the tokenomics.
The information provided in the overview page should be based on that of your project material, such as website, pitch deck and tokenomics details.
Step 4: Legal Clauses
In this step you will be able to prepare all relevant legal contracts. The most important one, the General T&C for the SAFT (Terms and Conditions for the Sales of Future Tokens) is an agreement to be celebrated between you and all users that participate in the funding round. SeedHunter will help you setup this agreement by customizing legal clauses as per your business requirements, as well as adding specific clauses you may need. This document can be based on other SAFTs and agreements you may have prepared: the common clauses will be the same in all documentation.
Additional to the SAFT, which you can preview and see examples for, you will also be accepting the Service Agreement with SeedHunter and reviewing the templates for the Sales and Purchase Agreement and the Release Agreement. Both those documents will be managed by the platform at later stages, but you can take a look at their templates and review them. The Sales and Purchase Agreement will be accepted by each participant and will contain their participation conditions. The Release Agreement will will be generated once the Funding Round is concluded.
Submit your Funding Round
Once all steps are completed (you can do each of them independently and at your own pace), you will be able to submit your Funding Round. At this point we will review the latest updates from your side and prepare everything for your funding round/pre-market token on our platform: don’t worry, this process will not take long.
The sooner you submit the due diligence questionnaire and answer any of our questions and feedbacks, the better. Our account managers will be contacting you directly once you start the setup process and provide contact information.
What’s next?
Once the Funding Round is approved it will go public. You will then be able to monitor participations, view celebrated agreements and check on progress reports in the platform.
Congratulations, your Funding Round is live on the SeedHunter Platform!
