💰Financial Plan
Last updated
Last updated
We have made a complete financial budget for VERY. VERY's funding sources will mainly come from three parts: institutional investment, existing product subscriptions revenue, and investment profit from VERY Fund.
The funds raised will be used in the following directions:
🔸40% for the cost of R&D. We have a well-run R&D, operation and marketing team with good experience in human resource cost control to ensure that the expenditure of this part of fund is spent more reasonably and efficiently. Among them, 40% is spent on the existing team, 40% is spent on attracting more talents to join VERY's team, and 20% is spent on our various technical research. Through fresh blood, we will assemble a world-class technical team and a data analysis expert group with excellent ability.
🔸20% for establishing VERY fund. This portion of the funds will be used to set up two teams: one is our internal team of automation experts, where we will be highly involved in the hype profitable projects to obtain commonly held collections for the entire VERY community; and the other is a team of investment experts who will reasonably allocate investment according to the project research report produced by VERY and manage assets for the whole VERY DAO. The above income will be fully and transparently disclosed, and a portion of it will be distributed to holders on a monthly or quarterly basis. The remaining funds will be rolled into the fund pool in the next phase to create generate greater returns for members.
🔸30% for exploration of new projects. Yes, we believe that every member of VERY DAO is a Web3 explorer, and we will not stop exploring new projects like our value said. In the future, we will create more new products and greater ecology according to the market demand, and actively try different circuits. The free use right, free airdrop, free mint right and revenue sharing of the new project will become the exclusive benefits of VERY pass holders.
🔸10% for DAO construction. This part will be used for the daily operating expenses of VERY DAO, including the distribution of group member benefits, group member contribution awards, and the organization of various online and offline activities. Good operation can enable VERY to maintain a higher voice in many communities of Web3, so as to obtain more additional benefits for our DAO members.
*The above is the fund allocation plan made by the VERY founding team based on the current financial budget. After the final establishment of VERY DAO and full equality of rights, all members of DAO will be responsible for deciding the financial fund allocation.
