bip.so (@bip_so) on X

How is different from web2 funding platforms? 1/10 Funding is raised only in

. No USD or other currency.

2/10 The raised funds go to a smart contract.

3/10 Projects can commit funds to project contributors even before the funding is raised. This way the project funders know where their contribution is going. Project owners can use 'Add payout' button to add the wallet addresses of the contributors.

4/10 People funding a project receive tokens that they can use to get some special perks like governance rights, community access etc.

5/10 A project can raise funds multiple times. Each round of fundraising is called a funding cycle.  Eg., the project below is in its 27th cycle.

6/10 The terms of a funding cycle can be changed by token holders if it's allowed by governance. Rules of a cycle depend on 'reconfiguration rules' set by the project. Eg., In the project below, a reconfiguration request has to be submitted & voted 3 days before next cycle..

7/10 If the project treasury has excess

, the token holders can exchange their tokens for

anytime. But if they redeem later, they get more

per token, as set by 'Redemption rate' of the project.

8/10 This excess

is called ‘overflow’. Overflow is the

that’s present after meeting all commitments of a funding cycle.

9/10 People are incentivized to invest early. Eg., In the image below, a user who invests in the current cycle will get 20% more tokens compared to the next cycle.

10/10 Projects can configure to own a certain percentage of the project tokens at all times. Eg,. In the project below 1

mints 1M tokens. Every time a funder transfers 1

, they get 670K tokens, and the rest 330K tokens are transferred to team members/project owner.

How does Juicebox make money? When projects withdraw

from the smart contract, Juicebox deducts 2.5% as fee. They receive

tokens in return for the 2.5% ETH. These tokens can be used to govern JuiceboxDAO, and to exchange for

from Juicebox overflow.

Lastly, Juicebox project is also raising funds on Juicebox protocol. It received $11M USD/ 6,967.07

since its launch. It's in its 28th funding cycle. Below are the terms of the current funding cycle.