DAO Maker Whitepaper v1.0

daomaker.com | Email us: info@daomaker.com
Copyright © 2019-2020 DAO Maker
1
Whitepaper

2 Table of Contents
2 Table of Contents
3 Venture Investment Platform for All Risk Appetites
5 A Look at the Personal Finance Market
7 Creating the Epicenter of Retail Venture Capital
9 Introducing Venture Bonds
12 Powered by a Pluggable Decentralized Accelerator
17 Go-To-Market Strategy
18 Product Roadmap
19 Product Overview
20 Vector: Structured Funding Products
20 Phase 1
25 Phase 2
27 Phase 3
30 Phase 4
32 Vector: Automated Accelerator
33 Phase 1
37 Phase 2
38 Phase 3
40 Financial Overview
42 Team, Affiliates & Partners

3VentureInvestmentPlatform
Venture Investment
Platform for All Risk
Appetites
DAO Maker is building the go-to platform for retail venture investing in
equity and tokens.
Providing low-risk participation frameworks is essential to reach global
retail in venture capital, as most retail investors cannot afford to risk large
portions of their money. By providing an opportunity to everyday people
to safely grow their own capital, we aim to improve the quality of millions
of lives while simultaneously enabling a new funding source to innovation
worldwide.
Over the past 2 years, DAO Maker has grown one of the largest ecosystems
of quality retail investors; in just 2020, our platform has signed on more than
75,000 retail users interested in early-stage ventures. At the same time, we
have been building a suite of services to attract high-quality startups to join
the ecosystem and be accelerated in a decentralized, safe, and autonomous
environment. Some of the industry’s most notable developments currently
use the technology solutions provided within our startup growth toolkit. To
date, the demand for the products has well exceeded our ability to manage
onboarding flow, which is why we are currently working on permissionless,
self-managed versions of our technology products.
DAO Maker’s track record has defied market cycles. We have worked with
projects to design solutions to raise capital in bear markets, supported
enterprise blockchains to generate new product portfolios for growth, and
created technology solutions that expand community empowerment in
tokenized developments. Our consulting and technology services’ revenue
has been funneled to our primary goal: creating a globally compliant
fundraising platform for both crowd equity and tokens.
Our approach to a fundraising platform is distinct from other platforms
that target venture funding. We don’t just connect retail venture funds to
startups in need of capital.

4VentureInvestmentPlatform Instead, we create a platform that incorporates pluggable solutions to the
problems early-stage ventures face after fundraising, alongside creating
venture investment structures that make participation far safer for retail.
DAO Maker is on track to change the way personal finance works by
breaking its boundaries. While retail or household portfolios have made
record participation into the equity market, encouraged by a global desire
for individuals to seek financial independence by putting their money to
work, retail involvement in venture funding is bleak.
Retail makes up less than 1% of the annual $300B venture capital market,
even though early-stage investments are the leading wealth generator,
as growth prospects are becoming increasingly limited by the time new
companies listed on the market.

5PersonalFinanceMarket
A Look at the Personal
Finance Market
Champions of this growth are apps like Robinhood and the many apps offering
robo-advisors. Societal shifts, such as growing desire among retail to put
their money to work, are only a part of the progress personal finance has
made across the world. Advancements in fintech have made management
of personal finance exciting, with additions of safety.
The average household has fewer funds and hence is more risk-averse.
Stock market participation has moved from hiring a broker to a pay-per-
trade ebroker to becoming free. With each step, more retail participants
have become involved. Hiring a broker was naturally beyond the capacity
of the mass households. Paying $20 per trade entry and exit, while more
affordable than hiring a broker, was a high-risk decision for small portfolios,
and the average retail portfolio is small.
But personal finance is just getting started. Equity markets give retail
exposure to the success of some of the greatest companies in the world,
after they have already grown by 100x or even 1,000x from their venture
rounds. Yet retail participation in venture capital is insignificant.
The global VC market has hit nearly $300B. Personal finance is on the way
to touch $1.1T.
Annual retail participation in VC is around $2B, meaning retail participation
barely scratches 1% of the global VC market, and venture participation is
just 0.2% of the personal-finance market. Yet the venture market is one of
the important segments for wealth creation.
Retail’s aversion to venture markets, though, is understandable. The average
VC fund participates in a venture knowing that the investment carries a
potential 100% loss. Such incidents, while frequent in venture participation,
are extremely uncommon in the equity markets. The small portfolios of most
households are not capable of weathering a 100% loss on an investment.
The personal finance market is one of the fastest-growing segments of
the financial market.

6PersonalFinanceMarket Venture Capital is the next frontier for personal finance, but the venture
market’s present stage is somewhere between the broker and e-broker
state of stock investments. The major portion of venture investment is
done through dedicated middlemen, and while the market does have online
facilitation, it’s still too risky for retail.
This demands a new approach to venture participation, one that makes it
safer, without taking away the excitement.

7EpicenterofRetailVentureCapital
Creating the Epicenter of
Retail Venture Capital
DAO Maker has been working on launching a single platform that offers
venture funding in tiered risk levels. In the meantime, we have put our theory
of retail being excited to participate in venture funding if the risk level can
be reduced.
The first DYCO, which was essentially a risk-capped venture opportunity,
quickly raised $3.5M from retail and then hit extreme oversubscription. The
DYCO captured market participation at a time when token funding was at
an all-time low, and most VCs had told us the raise would go dry.
This was before the DeFi hype-rally. However, we were confident that the
problem was not a lack of retail interest, but a need for risk reduction to fit
the risk tolerance levels of most retail. The DYCO’s success is proof that
capping risk in venture capital is the pathway to bringing mass retail interest
into venture funding.
We are launching a fiat-enabled compliant platform for venture funding,
both crowd equity and tokens. It involves tiered levels of risk to cater to
the varying levels of risk appetite that retail has. The platform will include:
þ Venture Bond for near-zero risk, but with reduced rewards
þ Dynamic Equity/Coin Offerings for capped risk while maintaining
most of the reward
þ Refundable Strong Holder Offerings for public sales of tokens that
have successfully closed a private round
þ Standard Offerings for equity/token issuance without any protection,
for retail with maximum risk appetite
The platform will support FDIC-insured stablecoins and fiat, with the first one
being the Euro. User access to equity or token offerings will be dependent
on their jurisdiction, but most countries will be able to access both.

8EpicenterofRetailVentureCapital Our intent is to create a single platform that offers retail early stage exposure
to startups that are working on the future of everything from finance and
insurance to healthcare and transportation. Some of these are best if issued
with equity, while others are best if issued with tokens. While their nature as
early stage ventures will carry risk, the framework with which the platform
will conduct the fundraise will enable varying levels of downside protection.
The DYCO already has some popularity within the cryptocurrency space.
The Dynamic Coin Offerings allows a startup to raise funds while holding
them accountable by giving DYCO participants the right to claim refunds
at specific milestone dates. This means the project has to perform at a
level that keeps their community convinced in the project’s prospects and
longevity.
Our own token is issued under a DYCO model, with more details here.
The rSHO, or refundable Strong Holder Offering, is a funding focused at
seeding projects with communities if they have filled private rounds with
VCs.
The Venture Bond is going to be our new flagship product.

9VentureBonds
Introducing Venture Bonds
A Venture Bond is a structured financial product designed to do the following:
þ Enable startups to issue a bond accessible to retail
þ Deploy principal funds collected from bond purchasers to generate
interest in overcollateralized DeFi/CeFi margin lending markets
þ Swap interest for equity/tokens: the interest generated from the
principal becomes funding to startups, while the retail purchasers of
the bond earn tokens/equity
þ At bond maturity, bond buyers are returned their principal
While the bonds may generate just 8% to 10% in interest, which as mentioned
above is nothing special, the early stage equity or tokens they are swapped
for could deliver a 100x.
With the bond, retail only captures 10% of the growth in the swapped equity
or tokens. So a 100x translates to 1,000% growth not 10,000% growth. Even
then, 1,000% is far, far more exciting than the base 10%, yet it does not risk
principal funds like traditional venture capital.
Of course, the swapped equity or tokens may go to 0, and hence achieve
a -100% return, which is the key reason retail has been aversive to venture
investments to begin with. However, with the VB, the principal was not
exposed to early stage equity or tokens. So a swapped token or equity
reaching -100% return in fact leads to a 1x return, essentially no change in
portfolio.
Personal finance is a rapidly growing market. It crossed the $1 trillion mark in
2020, due to a near 50% growth over the past 12 months. It’s incredibly rare
for a market of this size to grow at this pace, but it’s reasonable given there’s
great wealth in retail that is now being applied towards growth. However,
retail makes up less than 1% of the $300B global venture investment market.
DAO Maker is structuring the VB to create a pathway for far greater retail
involvement in venture funding by greatly reducing the risk factor. This is
done by capitalizing on the stable interest generation capacity of CeFi and
DeFi.

10VentureBonds Interest generated is swapped for early stage equity and tokens, and principal
is returned at bond maturity.
While 8% to 10% is unappealing to retail as it’s a return that below the
current 10-year average returns of the S&P500, the possibility to have that
8% to 10% be multiplied by 100 is a value proposition that offers incredible
excitement, capable of generating a rapid influx of users.
A Sustainable Market
The vast portion of CeFi and DeFi margin lending markets exist to finance
trade leveraging. This is a well-established market.
Borrowing to margin on stocks has become an essential part of equity
markets. Money is provided to investors of all sizes so that they may take
leveraged positions on their stock or even bond portfolios. The limitation,
though, is that in the traditional markets, this opportunity is exclusively
available to large investment institutions or large brokers themselves.
This means this powerful and stable source of interest on capital has not
been available to retail, except in the cryptocurrency market. DeFi has shed
light on the great opportunity risk-averse retail investors have: they can
avoid exposure to volatile assets and instead provide funds to traders who
want leverage.
This is not new in the cryptocurrency space. Exchanges like Bitfinex have
been offering this for years, to the tune of billions of dollars in loan originations
per week. CeFi further grew the market. DeFi is the newest player in town,
in an otherwise well-developed market, in which capital is lent to traders
who want to multiply their trade size.
At the same time, retail participation in margin funding across both CeFi
and DeFi is hitting record levels. CeFi lenders like Celsius and BlockFi have
amassed $1B to $1.5B in lendable deposits, each. Industry exchanges are
offering similar services, allowing retail to become a part of the market,
with exchanges like Binance, Huobi, Bitfinex, and other large operators each
managing billion-dollar margin funding markets.
DeFi, on the other hand, has also hit record levels with over $10B in
participation.

11VentureBonds Given that margin funding is not new, the market has evolved rapidly, picking
up features from the traditional market, where necessary.
We are now at a stage where billions of dollars are generating stable interest
on principal deposits, while having ample resources to insure the principal.
Still, this market only managed to attract people once it promised triple-
digit returns through unsustainable farming. That’s because people can not
care about 8% to 10% annualized returns from a new market, if they can
get the same in traditional markets.
The historical stable yields in CeFi and DeFi have hovered between 8% to
10%. While that may seem grood, it’s nothing outstanding. In fact, it’s just a
bit higher than the S&P500’s average annual return over the past 20 years,
and lower than the S&P500’s average annual return over the past 10 years.
Meanwhile, the ease of accessing exposure to the S&P500 index is extremely
easy, while also being a tried and tested means of acquiring wealth.
The VB gives this sustainable yield generation a new avenue for growth,
one far more exciting than stable returns of 8% to 10%. At the same time,
the long-established status of the margin lending market ensures that the
VB, as a product, is incredibly sustainable.

12PluggableDecentralizedAccelerator
Powered by a Pluggable
Decentralized Accelerator
The path to becoming the epicenter of retail venture capital mandates
that the platform facilitates early ventures with supportive resources and
technology to increase odds of success. This makes the platform desirable
not just as a funding outlet, but a means of success too. This is in the best
interest of the startups, the retail supporting the startups, the DAO Maker
platform.
To do so, we will be adding Social Mining as a click-to-launch feature on
the platform. The technology, which plays a key role in the community
creation process of many trailblazers in the crypto space, will be split into
3 product options. Express will be available for small cap tokens under a
permissionless launch. Atlas will be available to permissioned tokens under
a subscription-based model.
dTeams, a new vector of the technology, will be available to early stage
equity-funded projects under a permissioned, subscription-based model.
Social Mining: How it Began
Social Mining premiered with LTO Network, in late 2018. It played a key role
in the community creation of the project, which later went on to receive a
free listing to Binance.
LTO Network’s community strength carried it to a 10x return during the
depths of the bear market late 2018 - early 2019 bear market. The project
continues to have an enviable community of supporters. The software’s
purpose and goals were clear: energize the community to participate in the
growth and development of the project.
It did so with great success by aligning incentives with performance. As a
consequence of this, the community built supplementary technology for
the project and even advanced LTO’s business development.
As great as the premier of the software was, it was incomplete.

13PluggableDecentralizedAccelerator At this stage, it required a heavy degree of centralized involvement, which
was not the key intent with its launch. Social Mining was designed to create
communities that eventually self-organize and expand project advancements.
A Year of Advancements
In 2019, Social Mining became an integral part of the community creation
process of several projects. A notable one was Elrond Network, which
went on to become the most successful IEO on Binance, with an absolute
powerhouse community.
2019 saw several technological advancements that pulled Social Mining
closer to its end purpose of creating organized yet decentralized labor
markets for projects.
One of the most important upgrades was the addition of stake-based voting.
This essentially made the community the key decider of the value each
token holder contributed to the project. The community’s voting became an
effective resource distribution network that was decentralized yet robust,
as token holders were the ones in charge.
At this point, the software was able to successfully create pluggable DAOs.
The operation of these DAOs was improved with a series of additional
upgrades, which involved greater automation of user efforts. A vast degree of
APIs detected and collected user efforts ranging from technical development
to something as simple as retweets.
Each token holder’s effort was then used to generate a news feed-like UI
for other token holders. This improved the ease with which the community
could regulate itself.
While the software was becoming better and better at creating powerful,
pluggable DAOs, it also met great demand in creating community Hubs.
These were not user-regulated but provided a trustless staking mechanism
and a means to streamline community efforts towards a project-led direction.
The trustless staking mechanism was executed by the creation of inhouse
chain analysis tools that synchronized with Social Mining. Rather than forcing
smart contract risk on user deposits, chain analysis frequently assessed
whether tokens were held in wallets that users had to prove access to.

14PluggableDecentralizedAccelerator Permissioned Access & High Demand
Due to the effectiveness of Social Mining, the software witnessed a demand
surge. However, it was resource intensive in terms of both development
support and operational support. This forced a limitation on the number of
projects that could be integrated.
DAO Maker made the decision on which projects could have it, and many
notable projects became subscribers of the software license and users
of the support services associated with Social Mining. Some notable
implementations of the software include NEM and Avalanche.
While the demand was large, limited project managers to scale it led the
team to limit the number of projects that could access it. Still, as project
manager additions was a simple expansionary route, we explored possible
expansions to the early stage equity market due to the high demand for
community advancing SaaS in that market. Per a clause in the regulation
that allows retail to participate in equity crowd offerings, we learned from
our legal aides that it was viable to implement Social Mining into equity
crowd offerings.
The Future of Social Mining
Social Mining is expanding upon two key pathways. One focuses on
permissionless support for tokenized startups and the other on permissioned
access for equity startups.
Permissionless Limited Version for Small Cap Tokens
At present, Social Mining operates as a white label software, and projects
pay a manager’s fee, license fee, and server costs. In its permissionless
form, any startup would be able to launch a Social Mining Express Hub or
DAO.
The limited version will not be white label and would instead be under a
DAO Maker domain. This pathway offers a key value trade for young token
launches: free access to a limited version of a software that plays a key
role in the communities of some of the biggest projects in the space, in
trade for growing the DAO Maker platform among cryptocurrency holders
and investors.

15PluggableDecentralizedAccelerator Small caps get user retention; DAO Maker gets user acquisition. Further, for
tokenized startups that begin to grow into later stages, it will become viable
to upgrade to a white label and full-feature version of the software. This way
the express format becomes the gateway to new tokenized startups, but
with product tiers that expand with the individualized growth of projects.
Permissioned Full-Feature Access for Equity Ventures
The Social Mining version exposed to equity ventures will be called dTeams.
It includes many existing features of Social Mining, but optimizes for the
difference in crypto and equity venture communities. Crypto communities
are the investors of the project; meanwhile, equity venture communities
are the customer bases of the project.
While communities are the epicenter of tokens, they also play an ever-
growing importance in the success of early stage ventures. Expansion to
equity ventures has been on our roadmap since late 2019. In the second
quarter of 2020, we explored means of effectively creating community Hubs
for equities, and received approval from our legal aides that equity rewards
are possible, within a certain framework.
For tokens, our approach towards the growth of permissioned access has
been expansion through word of mouth, as the technology’s demand has
far exceeded our handling capacity. We have recently begun scaling up our
roster of project managers that oversee Social Mining launches. This is in
line with our goal of supporting more tokenized ventures but it is especially
tuned for our entry to equity-funded startups.
Our approach is going to take the form of a traditional SaaS growth, utilizing
sales leaders that have a track record of SaaS sales to equity ventures in
startup-dense cities. For this market segment, we’ll offer only permissioned,
subscription-based Hubs. This is because small cap tokens can offer a
value trade: user acquisition for the wider DAO Maker ecosystem, as their
investor base will become a part of DAO Maker’s product suite.
Equity-funded startups are primarily going to be onboarding their consumer
base, which is likely going to have a low product fit with our offerings, and
hence these ventures won’t be able to offer a value trade in the form of
user acquisition for us. That’s why they will be limited to subscription-based
premium offerings.

16PluggableDecentralizedAccelerator The presence of pluggable startup support and growth resources is a critical
aspect of the platform. We want the platform to enable startups to capture
funds from retail, including would-be customers of the products, while also
having a means to easily integrate the skillsets, capabilities, and support
means their community can provide.
While we already enable tokenized developments to generate value from
their distributed supporters, while keeping all the growth opportunities
organized, this concept is going to be a breakthrough novelty in crowdfunded
equity. The future is retail funding the products they will use, while being
a part of its growth.

17Go-To-MarketStrategy
Go-To-Market Strategy
DAO Maker is a company that has successfully operated in the funding, tech
consulting, and product strategy segments of the cryptocurrency market
for over two years.
DAO Maker benefits from the existing base of over 100,000 cryptocurrency
investors signed up to our current platform. This massive base of
cryptocurrency holders, who are also interested in venture capital, is a
powerful go-to-market.
While the existing base provides the critical mass needed to catapult this
venture, the project aims to tap beyond the crypto market, and onboard
new retail, by offering not a mere 8%-10% on DeFi and CeFi involvement,
but a 10x to 100x multiple of this.
þ 10% of principal (interest on principal) directed at a startup that
achieves 10x is a 100% return on capital.
þ 10% of principal (interest on principal) directed at a startup that
achieves 100x is a 1,000% return on capital.
It is the opportunity of exposure to such venture capital returns that are
necessary to capture the interest of mass retail. The current sustainable
state of DeFi and CeFi returns has been 8% to 10%, a return that is already
accessible in traditional finance, per the rolling 10-year return of the S&P500.
8% to 10% return on capital is not exciting, but a possible 1,000% through
exposure to venture capital is exciting. It is also the only way to sustainably
offer the potential of high yield in DeFi/CeFi. DAO Maker stands at the
forefront of structuring such products and then targeting them for mass
access.
Fiat tie-in with the Euro was committed earlier this year. We recently achieved
the ability to legally support fiat purchases on the platform. The company
intends to acquire licenses for supporting USD, CAD, HKD, SGD, and AED
as-well, with specific countries having exposure to either equity or tokens,
and some countries having access to both per jurisdictive support.

18ProductRoadmap
Product Roadmap

19ProductOverview
Product Overview
Product Viability
Personal finance is witnessing a golden era. Portfolio management has
quickly evolved from a service maneuvered by brokers and dedicated asset
managers, to an app on people’s phones.
Fractional real estate, fractional stocks, tap-and-launch equity options,
and virtually every other major asset is already easily in the hands of retail
through simple apps. Venture capital, though, remains elusive for most
retail. Yet, it is arguably the greatest tool for wealth creation.
Venture capital is the next frontier in personal finance.
The market is currently either crypto native or select mass retail that
participates in equity crowdfunding. It is a functionally flawed approach
as the current risk scale is beyond the capacity of most retail.
DAO Maker brings the simplicity and ease of participation that retail seeks
to venture capital. Simultaneously, the downside-capped nature of the
venture investment opportunities it opens aligns with the risk-averse nature
of retail.

20StructuredFundingProducts
Vector: Structured Funding
Products
Phase 1
Phase 1 of the platform introduces products that set the stage for a new
kind of venture capital, one meant for retail through downside protection. It
also includes the launch of onboarding frameworks that maintain compliance
with regulators, facilitate eased capital onramps, and generate a growing
user base of high quality, long-term focused retail.
This phase introduces the market to low-risk venture investments, with minor
learning curves and easy user onboarding. These products are familiar with
market norms but with the important additions of accountability on project
teams, while reducing the risk for retail.
During this time, DAO Maker aims to gain momentum and market share with
high-demand products that set the stage for the launch of the Venture Bond,
which completely reassembles the risk:reward stature of venture funding,
but involve a high learning curve to understand the cogs of the product.
While the VB will have a seamless UX, in which users won’t need to know
how the Venture Bond works, it is expected that people will still want to
know how the safety provided by the VB is delivered.
The goal of phase 1 is to instill demand and understanding of the benefits
of risk-capped opportunity in venture investment. While the rewards are
diluted, the risk-to-reward ratio continues to exceed that of alternative
markets, without putting capital at great risk, as is the case in traditional
venture investments.
To do so, the first line of products centers upon risk-capped investments,
through different formats of refundable venture investment for retail. The
platform is already in phase 1, and many of the products in this phase have
already been used.

21StructuredFundingProducts Refundable Strong Holder Offering
A fundraise for tokens that offers allocation to high-quality retail investors
based on secondary market support, networking value, or committed skill
sets. We possess a proprietary dataset for assessment of over 100,000
investors that have applied to past launches, in addition to our native channel
analysis tools to assess quality metrics.
For most projects, public sales are seen as a mechanism to grow a seed
community and a source of marketing boost for their company. Yet, most
public sales are plagued by multi-accounts and bots that buy tokens and
flip them instantly. The rSHO aligns the two markets: high-quality retail and
new project launches that seek them. It comes at a risk-capped involvement
for the retail, with certainty to launches that they are seeding themselves
with a high quality community.
This also falls in line at a time when compliant token sales have become more
and more relevant to companies. Moving into 2021, the AMLD6 directive will
be live, making strict compliance a mandatory requirement to tap into the
European market. DAO Maker’s launch platform has already been upgraded
to be compliant with the 6th directive.
Onboarding Process
DAO Maker’s tokenized startups have a platform to run compliant public sales
that filter out the top participants from all whitelisted wallets via the strong
holder system. Applicants have to pass a necessary screening process to
be onboarded once launched projects are given their own research page
to facilitate communication to the DAO Maker ecosystem.
Interested participants are then requested to whitelist their most actively
used public wallet. Each registered wallet is then scanned on its transaction
history. Wallets are reviewed on factors such as holding history, LP activity,
and trading behavior. Wallet owners who have a wallet-history of long-term
holding or providing liquidity on AMMs are then given a higher rank than
others.

22StructuredFundingProducts Meanwhile, wallets of multi-account users or users with a history of flipping
are shadow banned. Users with the highest scores are offered personal
allocations and are allowed to participate in the SHO once they pass the
KYC & AML requirements.
Decentralized Accelerator
To protect the ecosystem's value, all SHOs are required to provide an 80%
refund after 6 months. 80% of the funds raised on the platform are kept
in the custody of DAO Maker to prevent overspending. After 6 months,
users are given a 72-hour window to refund tokens and claim their refunds.
Refunded tokens are then burned. Users can refund 100% of their purchased
tokens and are given back 80% of the original value.
In case the project token price is above 80% of the initial purchasing price,
it is likely to assume that most participants will not want to refund their
tokens. A percentage of non-refunded capital will then be used to buy back
the native token and then distributed to staking DAO Tokens holders. This
generates an incentive loop for all DAO Token ecosystem participants to
push projects to success, with a greater skew of token distributions tokens
to the most active members of the decentralized accelerator. If the project
is successful after 6 months, all members of the ecosystem are rewarded.

23StructuredFundingProducts The value-add is assessed and enabled through the startup growth kit.
While Social Mining-powered Hubs or DAOs are the centerpiece, they
simply organize and ease user assessment for other members of the
community. Users can add secondary market value through liquidity, opt
to add supplementary technology to the development, expand business
development of the project, or simply become an active advocate. All these
factors will be captured by the Hub or DAO, and then made accessible for
others to view.
Supporting technologies like our chain analysis, part of the YieldShield,
without worrying about smart contract risk.
Dynamic Coin Offering (DYCO)
A DYCO offers its participants the ability to refund any token, whether they
held them or sold them at a profit. USDC backs 100% of the circulating
supply until the completion of the refund process. If the token value falls
by more than the refund value, then DYCO participants can generate risk-
free profits by buying tokens from the market and refunding them.
Refunded tokens are automatically burned, reducing the circulating supply
by up to 100%.

24StructuredFundingProducts Purpose of DYCOs
In the current standard of token sales, even if a team is creating the right
product, they are not held accountable for creating a sustainable token.
By giving token sale participants the ability to refund their tokens, projects
have no choice but to make a viable token. Letting people give back 100%
of their tokens, which are subsequently burned, makes it possible to push
a project to complete irrelevance if its team fails to deliver on a valuable
token.
The refunds also create a price floor that provides organic liquidity and
volume, creating a healthy secondary market. Buyers who come to doubt
the long-term viability of a token and are unable to find a reasonable price
in the secondary market can receive liquidity from the team through a
refund, and then their tokens are also burned as there was no clearly no
secondary demand for this supply.
Custody & Refunds
The required funds for refunds are held in custody by DAO Maker until the
refund period is over; this is to prevent overspending by teams.
Therefundsareautomaticallymanagedbytheuserinterfaceonthefundraising
platform. In order to incentivize the entire ecosystem to help projects that
launch in the ecosystem to succeed, a small percentage of non-refunded
capital will be used to buy back the native token of the ecosystem’s client.
These tokens will then be distributed to users that participate in the DAO
governance program.
To participate in the ecosystem accelerator program, users will have to lock
their tokens. Read more in our token economics paper. Rewards, though, will
have a skew towards those that have a greater involvement in the success
of the specific project. This incentivizes passive support through ecosystem
presence, but prioritizes active support.

Products
Phase 2
Phase 2 introduces the first near-zero risk venture investments to the DAO
Maker platform, via the VB.
The VB is the first mass consumer product that DAO Maker will offer. In
phase 2, all offerings on the platform will be tokenized startups. Phase 2
aims to exponentially increase the user deposits on the DAO Maker platform
and creates the groundwork for the mass retail product. This phase will
see the premier launch of the Venture Bond, including instant launch of
bonds for teams, secure deployment of principal capital of the bond buyers,
automated swaps of interest and issued tokens, and a bond maturity system.
The key missing factor in this phase will be a formal secondary market for
Venture Bonds, which will be released in the next phase.
Venture Bond (VB)
The Venture Bond is the newest innovation from DAO Maker. A nearly zero-
down side venture capital investment product that treats DeFi and CeFi as
a single layer and then applies the interests generated to equity and token
purchases. Through the Venture Bond, users delegate their interest earned
via DeFi/CeFi over collateralized margin lending markets, to projects of their
choosing.
By locking up their staked assets for a predefined period, projects are
given their target funding month to month via all users’ collective interest
delegated to the project.
Companies are funded based on their required burn rate. Projects can
issue more bonds if their burn rate increases and the market showcases
demand. However, the project cannot increase token supply so the tokens
issued via a new round of bonds have to come from pre-allocated tokens.

26StructuredFundingProducts Interest will be generated through known third-party CeFi/DeFi providers
in the market that have insured accounts. The market is already at a stage
where all major centralized providers are deposit-insured, and key DeFi
platforms are supported by smart contract insurance. Interest will only be
generated strictly from margin lending markets that are built on high over-
collateralization for borrowing.
DeFi involvement will also be limited to established platforms that offer
only overcollateralized margin lending. While novel DeFi products, such as
liquidity pools, can generate more interest, they carry risk due to their market
novelty, have yet to prove sustainability, and are likely to lack insurance.
To participate, users transfer funds to the DAO Maker platform. Capital is
then deployed to insured centralized lenders or insured wallets participating
in established DeFi lending. The interest generated from the principal is
directed to early stage ventures of the user’s choice. Users are offered
a wide variety of companies, ranging from different technological and
commercial markets, to choose from. Participation can only happen when
a bond issuance is taking place through a primary offering. The bond’s
terms are decided by the project issuing it. The bond may issue tokens on
a periodic basis or only at maturity. Bond buyers are able to withdraw their
principal at bond maturity.
Participation is similar to any investment, as users have to consider whether
they believe in the venture. The key difference is that the Venture Bond makes
venture participation much more tolerable as the risk is greatly reduced.

Products
Phase 3
Phase 3 of the structured funding products’ roadmap focuses on 2022 and
beyond.
DAO Maker plans to expand into traditional equity through equity
crowdfunding. This phase will also witness the launch of the Venture Bond
Exchange (VB Exchange), with the preceding year providing ample time to
assess the best means of facilitating Venture Bond valuation and awareness,
to ensure liquidity.
Goals for equity crowdfunding are set for 2022 as we expect that licensing
for USD fiat onramps and equity support will require most of 2021.
Venture Bond (VB) Exchange
The tokens received from VBs could be liquid. Therefore, a value can be
associated with the bond itself depending on the value of the tokens it is
issuing. A Venture Bond exchange will be created to facilitate these bonds
liquidity and trading at market-decided values, thereby making Venture
Bonds attractive to investors as they can be as liquid as tokens.
The exchange will only support VBs of tokens, as trading of Venture Bonds
of equities would require a securities exchange license, which may never
be accessible. A private VB exchange for equities may be available for
accredited investors only.
Margin for Venture Capital
Lending is one of the fastest-growing and strong-rooted industries in the
cryptocurrency space. The key driver for borrow demand is a desire to
leverage: (A) Expanding exposure to large caps or (B) Maintaining exposure
for large caps and diversifying towards exciting small and mid-caps.

28StructuredFundingProducts DAO Maker will internalize a novel form of margin: exposure to venture
capital.
Holders of liquid cryptocurrencies that do not want to part from their current
assets but also want exposure to an exciting new token or equity being
launched on DAO Maker will be able to access a new form of margin. They
will be able to use their cryptocurrencies as collateral to access stablecoins
for participation in venture capital.
This will be an overcollateralized margin lending market. So borrowers will
receive only a fraction of their deposit value. Still, it will provide a form of
margin that has never existed, and from our experience in the space, iit is
a common pain for users to liquidate assets they want to hold, just so they
can participate in a new launch. This product directly addresses this matter.
This lending market is first of its kind and already has a go-to market. It is
applicable to rSHOs and DYCOs. Given that these markets are downside
protected, lenders have limited risk exposure as not only are they lending
in an overcollateralized market, they lent capital is primarily refundable by
the ventures.
Equity Offerings
DAO Maker will apply for equity raise licenses across key OECD countries.
This will allow us to expand our funding products to equity sales.

29StructuredFundingProducts Many countries do not require a license but instead require the launch
platform to operate under certain regulatory requirements. This will require
considerable legal support to insure the platform operates within the
bounds of the law, with support of fiat onramps, designed to facilitate eased
participation from mass retail.
We intend to bring the UX that brought retail into equity markets to now be
a part of the venture capital market. Compliance and fiat-enablement will
be a paramount aspect of the platform.
Equity crowdfunding has been increasing year on year. Even then, retail’s
involvement in venture investment is often less than a percent of the annual
VC market. There is room for incredible growth here, and the Venture Bond
is the bridge to this growth. Combining the regulated stature of equity
crowdfunding on our platform with high-quality participants and the suite
of services within the ecosystem, DAO Maker sees a strong opportunity to
not just grow this already booming industry, but also to dominate it.
Fiat Support
We can already support compliant Euro purchases of tokens on the platform,
through a partnership license that gives us the legal ability to offer fiat and
crypto custody. Our independent license has been in process since the
beginning of 2020, with expected approval by early 2021.
Through relevant licenses, DAO Maker plans to expand fiat support to USD,
CAD, YEN, and more.

Products
Phase 4
The final phase of structured funding products takes the ecosystem to a
new terrain in the financial market. The platform will reach this phase once
equity support is live, most or all fiat onramp targets are completed, and
the VB exchange is live.
In this phase, the DAO Maker platform will allow the launch of a decentralized
network of Limited Partners. This will be a token-centric feature, but through
necessity as governance is a key aspect of successful decentralization. Its
goal will be to create a curation within the platform, not controlled by the
DAO Maker team, but by the platform users who have shown incredible
prowess in project assessment.
This is in line with major financial institutions that exist to strain through
quality and then launch IPOs for said projects to institutional customers.
The platform will support such a structure, but the token holders will be the
deciders of LPs and the primary market for projects that pass the selection
and assessment phase of the LPs. The LPs will be rightfully paid success
fees for their service.
Decentralized Investment Bank
While our first intent is to launch as a Robinhood for venture capital, integrating
a token enables the project to evolve into a decentralized investment bank.
Yearn has become the first decentralized hedge fund where any person can
generate investment strategies, and governance enables the assessment
and approval of said strategies. This proves that a governance system can
enable complex financial entities.
We already implement complex datasets to recognize investor quality. These
metrics will be expanded to assess investors’ ability to recognize quality
projects by accounting for which projects each investor remains actively
involved and continues to hold.

31StructuredFundingProducts Over time users prove to have strong assessment skills of project quality
by either remaining active in projects that evolve into unicorns or invest in
projects that grow in market cap to become unicorns will accrue assessment
points.
These points will enable the token holders to delegate a Council of Limited
Partners for this decentralized investment bank. Any idea can raise capital
from a mass of retail investors, upon approval from Limited Partners who
set the requirements for application, and then collectively assess whether
or not to push the applicant to host funding.
This decentralized investment bank will enable the next Facebook to go
public by having its primary offering directly to its own users, rather than
to institutions. It will ensure that the next Google raises its seed round from
its to-be users, rather than institutional VC funds. The Council of Limited
Partners will receive success fees for successful exits, with the fees decided
annually by the token holders.

32AutomatedAccelerator
Vector: Automated
Accelerator
DAO Maker’s approach to the creation of a venture funding platform has
always gone beyond mere capital raise. Success of projects that launch
with us is in our interest, and our track record is a testament to our delivery
on this.
While much of the success achievement is dependent on human capital, that
is not a scalable path, especially as we move towards expansion through an
open platform. We have developed and continue to develop technologies,
tools, and strategies that we use during the incubation of projects. We are
going to sync these into the funding platform to create an easy launch for
projects and a seamless participation for their communities.
To date, these tools and strategies have helped the industry’s best look
towards us for tech-enabled strategy consulting. Moving forward, these will
make the DAO Maker platform a more attractive launchpad for startups, as
they will receive more than just access to retail venture investors. Meanwhile,
the retail market involved in the platform will know that not only do they
receive downside protection on their buys, but that their buys are using
some of the most advanced startup growth resources in the industry, which
also enable them, the community, to be an active means of project growth.

Vector: Automated
Accelerator
Phase 1
This phase includes startup growth tools that are either already live or have
active development, and soon to be deployed. Therefore, phase 1 is already
active. It is a composition of white label, pluggable technologies that give
early stage ventures the resources to leverage their communities, access
an incredibly insightful CRM that capture deep token holder data, and even
allow communities to regulate their own growth.
Products in phase 1 have made DAO Maker the go-to for the leading projects
in the space. By integrating these products into the fundraising platform,
we give the platform a powerful USP that increases the success odds of
ventures and boosts the confidence and involvement of the communities
that support them.
Social Mining
Social Mining is a B2B2C SaaS solution that enables tokenized startups to
kickstart their community creation, online exposure, and build organized
community ecosystems that self-regulate community’s support for the
project.
The technology uses a composition of 20+ factors to give each stakeholder
a distinct voting power, enabling him/her to recognize the value other
stakeholders have generated for the development. Each stakeholder’s
aggregate votes designate their earnings from the ecosystem, which is
sourced from staking rewards. The platform detects each community
member’s work, be it advocacy, liquidity provision, or even technical support.
This is then transformed into a news stream fed to the social feed of other
stakeholders.
While the community can recognize and distribute each other’s earning rights,
the project lead or team can access a control panel to assess ecosystem
participation growth, net stake, liquidity, user-driven exposure, and more.

34AutomatedAccelerator The key products created through Social Mining are community Hubs or
DAOs. The DAOs are completely regulated by the communities. Meanwhile,
Hubs organize the geo-distributed community of a project in the direction
set by the project.
dTeams
dTeams is one of the latest product by DAO Maker and on path to go live
in Q1 of 2021. It utilizes a large portion of the codebase of Social Mining,
and is driven by the same technology mission of enabling communities
to be a driver of success in the projects they have taken a stake in. A key
difference is that it can facilitate equity-funded projects, not just tokens.
Though, phase 1 as a whole is targeted at only tokens.
dTeams helps projects build and manage decentralized teams by providing a
user-friendly overview for payments to global ambassadors, that operate as a
part of geo-distributed operations satellites. Stakeholders can participate in
decision-making of their satellites’ operations and goals, request budgeting,
and even grow their localized teams to scale and build an international
presence for projects.
YieldShield
Liquidity Mining has been one of the latest innovations in cryptocurrency
space and it provides a meaningful way for communities to support projects,
in a provable and trustless manner.
Due to the novelty of the concept, liquidity mining programs are plagued by
exploits, rugpulls and massive pump & dump schemes. Almost all projects
in the space want to be able to offer a liquidity mining program to their
users in order to increase volume on decentralized exchanges. However,
the reputation of liquidity mining programs pushes communities to avoid
participation.
Many projects do not want to go through the process of building a smart
contract for liquidity token deposits, and then spend money on audits. This
leaves projects, especially small community-oriented ones, with either no
liquidity mining program or the launch of an unsafe one.

35AutomatedAccelerator YieldShield is a suite of tools that makes participation in liquidity rewards
(aka yield farming) easy and inexpensive for coins, and safe for miners.
LPs can maintain their LP tokens in their own private wallet rather than lock
tokens in a project-developed smart contract, via the use of DAO Maker's
Chain Analysis tools. YieldShield replaces the need for a third party deposit
contract that simply exists to prove users are providing liquidity. Instead, a
consistent chain scan assesses their hodl status, enabling the project lead
to recognize the LPs who have opted in the yield program without forcing
LPs to risk their deposit in a risky unaudited smart contract.
YieldShield also comprises an audited rewards deployer as a service.
Security in yield extends beyond the safety of LP shares. Rewards need to
be certain as-well. LPs can easily validate whether the project lead has pre-
funded rewards, alongside having the certainty that the rewards are held
in an audited deployer. The latter also offers peace of mind to the project’s
non-LP community, as the risk of reward tokens being compromised and
then dumped on the market is significantly reduced.
The final tool in YieldShield is a liquidity lock mechanism. For liquidity
providers to have a safe entry in their position, it is imperative that the
project lead does not exit the seed liquidity.

36AutomatedAccelerator The purpose of YieldShield extends beyond utility for projects in the DAO
Maker ecosystem. It operates as a powerful value trade. Projects and their
communities are given access to a product suite that makes their involvement
in an important, growing form of community support for a project, but without
the risks and costs that are otherwise associated with the programs.
On the other hand, the liquidity programs that utilize YieldShield have to do
so within the DAO Maker platform. Given that the program involves liquidity
providers of projects, it creates a user acquisition funnel for some of the
highest quality retail cryptocurrency holders.

Vector: Automated
Accelerator
Phase 2
Phase 2 of our automated accelerator vector focuses on expansion to
private equity. Growing our toolkit to serve equity-funded projects has
been on our roadmap for a while, but this move involves greater regulatory
compliance. Our legal aides have confirmed that the functionality of our
startup growth products can comply with equity funding regulations, under
a specific framework.
Therefore, expansion to unlisted equity-funded projects is an expansion
phase and not a launch phase. Our go-to market strategy for expansion
in the equity-funded segment of startups is to grow the team with sales
professionals that have a proven track record in SaaS sales to startups,
with an initial launch in startup-dense cities.
dTeams for Unlisted Equity
The first equity-funded projects on our roadmap for dTeams market growth
is towards startups that have received funding through an equity sale and
are unlisted. A powerful go-to market for this is projects that launch equity
crowdsales on our platform.
The token variant of dTeams relies on using a project’s token staking rewards
as an incentive mechanism. While equity funding does not involve staking,
it can involve equity rewards. dTeams for unlisted equity will involve the
distribution of shares for work. After consideration since early 2020, this has
been approved by our legal aides as it is allowed by Regulation Crowdfunding
(CF) amendments of 2016.
We will deploy more advanced legal guidance to advance the platform
for supporting both Reg. D and Reg. CF offerings, in addition to launching
dTeams for projects that qualify for these regulatory limitations, even if they
do not raise with us.

Vector: Automated
Accelerator
Phase 3
Our goal is to have dTeams pluggable to virtually any company. In this
phase, the product will expand to listed equity. While large caps tend to
dominate headlines and people’s exposure, the vast portion of stocks, by
volume, are small or micro caps. Their valuations are often shadowed by
large unlisted equity-funded companies, and by even some of the large
tokenized developments.
Many equity-funded startups opt to list on a stock market early, as this can
give access to greater funding or an exit to overly pushy equity investors.
Despite being listed, thousands of small companies are in need of growth
products, much like an early stage startup. Regulatory compliance will
require further tapering of our product and deeper consultation and legal
approvals.
This is the final phase of the automated accelerator vector. Its launch is
settled to be after success in unlisted equities. We will have exposure to a
good precedent from unlisted equity-funded projects, prior to expansion
to a much larger market of listed equity-funded companies.
dTeams for Public Equity
We will expand dTeams to public companies. Over ten thousand publicly-
listed startups in the US qualify as either a microcap or a nanocap. Both,
especially the latter, are small enough to require acceleration despite being
listed.
The distribution of publicly traded equity is both legal and common. However,
it requires KPIs and hence is not yet distributed at a mass scale. dTeams
automates KPI fulfillment and tracking, making it possible for public equity
to be legally distributed to a community of supporters.

40FinancialOverview
Financial Overview
Revenue Streams
DAO Maker is a cash flow-positive and self-funded company since late 2018.
DAO Maker is on path to cross $1.7M in 2020 revenue, from technology
product offerings, consulting services, incubations, and enterprise offerings.
The revenue chart above excludes revenue earned through investment
of company funds, token payments that are still locked, and payments
received in the form of equity.
To find a detailed summary of the token economics and use-cases and
metrics of the DAO Token, please see our Token economics Paper. The
token incorporates powerful utilities within current and coming products,
which facilitate its use far beyond just payment distributions.
dTeams
þ Atlas: Subscription model
þ Express: Percentage of volume

41FinancialOverview YieldShield
þ Fee on distribution
þ Fee on liquidity lock
Managed Funding - Tokens
þ Percentage of raise
þ Percentage of token supply
Platform for Compliant Raise - Tokens
þ Percentage of raise and/or tokens
þ Flat Compliance Fee
Platform for Compliant Raise - Equity
þ Percentage of raise
þ Percentage of equity
þ Flat Compliance Fee
Services
þ Lending: 5% fee on interest paid on margin used for DYCO
VB Exchange
þ Token: trading fee
þ Equity (accredited only): 1% - 2% fee

42Team,Affiliates&Partners
Team, Affiliates & Partners
Executive Team
Christoph Zaknun, CEO
Chris keeps the company glued together. He manages
the company’s risk profile, be it capital allocation or
project expansions, while ensuring the entire team
maintains proper communication.
þ Created one of the first ICO brands in 2017
þ Supported $100M in ICO funding prior to DAO
Maker
þ Austrian Army sergeant for Atomic, Biological,
& Chemical defense force
Giorgio Marciano, CTO
Gio leads the company’s technology expansion for client
products, while ensuring that internal departments have
the required tools to overtake operations with tech-
enablement. He oversees the company’s developers
and sets internal technology architecture. He is the
calm-keeper at DAO Maker in hectic moments due to
his experience.
þ 15 years of technology development experience
þ Led development of Sky Italy interface, used by
millions
þ Coordinated technology development of an EU-
funded €15M multi-national project

43Team,Affiliates&Partners Malte Christensen, COO
Malte plans and manages the company’s business
development and partnerships by leveraging his
deep experience in corporate sales operations. He
closes the deals and then trains new team members
to ensure company scalability is accompanied with
quality execution for those deals. Malte oversees the
company’s project managers.
þ $10.5M+ sales track record
þ Previously business development professional
at Bertelsmann, Manpower, and Canon
þ Streamlined the corporate structure of one of
the largest enterprise coins
Hatu Sheikh, CMO
Hatu pushes the company to its next products. He
seeks new opportunities for growth in the industry to
strategize products that would fit the need, and then
manages the company’s marketing assets to popularize
the company’s newest developments. Hatu oversees
the company’s content and design team members.
þ Co-managed a $3M annual county budget in NY
þ Previously supported the marketing strategy of
various tokens, blockchain products, & exchanges
þ Facilitated 65M+ in ICO funding before DAO
Maker

44Team,Affiliates&Partners Tech Team
Patric O Sullivan, Full Stack Developer
Patric has been developing web applications for 14
years. Before DAO Maker, he was working at two
cryptocurrency-focused companies. He is the lead
developer of the DAO Maker investment platform.
Vitalii Mokrotovarov, Full Stack
Developer
Vitalii has over 20 years of experience in leading
IT positions and is a specialist for enterprise cloud
solutions. At DAO Maker, he’s building blockchain-
agnostic tools for the full analysis and monitoring of
nodes in networks.
Gianni Di Noia, Dev OPs (SaaS)
Gianni has over 10 years of experience in python,
angular and django. He streamlines onboarding of
clients to our SaaS solutions.
Karel Novak, Full Stack Developer
Senior developer, with years of experience with
blockchain developments, working on DAO Maker
investment platform.

45Team,Affiliates&Partners Operations
Alexander Schefer,Community & SaaS
Product Management
Alex plays a role in communication, community strategy,
and the support of key clients and partnerships. He
deliversvalue-basedbuilding,education,&management
of key community leaders, with primary responsibility
as product management of Social Mining (Hub, DAO,
and dTeams) as a SaaS.
Benjamin Mazur, Ops & Social Media
Marketing
Benji is a vertical starter at DAO Maker and is a value
creatorsincedayone.Heisinchargeofthemanagement
of the largest influencer network in crypto space and
is assisting the whole DAO Maker team as a real jack-
of-all-trades.
Stepan Milacek, Human Resource
Stepan gained experience in recruitment and sales
through his past experience as a business manager in
one of the most significant Czech personal agencies
and past role as DAO Maker’s HR specialist.
Anna Bier, Accounting & Procurement
Anna has 5 years of experience in finance and
procurement, with work as procurement lead for
Microsoft, Accenture and Novartis under her belt.
She is responsible for monitoring the spending and
budgeting for all parts of the company.

46Team,Affiliates&Partners Visual Communication
Dima Gladush, Head of Visual
Communications
Dima is well known within the crypto industry as one
of the top visual designers. He has also been in charge
of several top-projects’ brand themes. Driven by his
open minded flair, he is great at thinking out of the
box, while solving complex design challenges, even if
pushed on the clock.
Bohdan Ihnatenko, Motion Designer
Bohdan is an animation designer with 6 years of
experience at international companies. Crypto lacks
high quality productions, and Bogdan fills this void,
providing advanced animations and designs to many
of our clients.

47Team,Affiliates&Partners Bizz Dev & Sales
Shuyong Yang, Senior Analyst
Shuyong is an analyst with 3 years of experience in
various blockchain projects. He has built community
DAOs across multiple industries, such as FinTech,
RegTech, and Blockchain Infrastructure.
Eric Cristobal, Senior Bizz Dev Rep
Eric is a seasoned blockchain vertran with experience
as a regional manager for a cryptocurrency exchange.
He has built an active part of the Celo alliance and has
helped Celo become an accepted nationwide payment
option in several African countries.
Miral Wali, Junior Sale Rep
Miral is the newest addition to the team. She assists in
business and sales outreach and actively participates
in DAO Maker Enterprise solutions, playing a role in
the growth of several industry-leading coins.

48Team,Affiliates&Partners
 daomaker.com
 @DAOMaker
 @TheDAOMaker

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