we incorporated @splits months after @w and i started working on it. we did, however, raise capital during this pre-incorporation time period. during our recent hack week, we prototyped a tool for making this better. it takes the workflows of a trad incorporation + raise (define cap table, amount raising, valuation, backer allocations, etc) and uses onchain primitives (tokens, bonding curves, programmable refunds, public receipts). it's our first experiment in the "capital formation" space - looking for feedback, questions, pushback. especially if you're a builder considering a friends & family round - please reach out! more info: https://x.com/abram/status/2084689867942908347 video walkthrough (10 mins): https://screen.studio/share/fRfMQds4 prototype app: https://splits-pact.fly.dev/create (unaudited contracts)
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q: are these tokens (what the backer receives) transferrable? a: yes, for now. this currently just uses a liquid split as the cap table (composability!!!), and liquid splits use 1155s (composability!!!). the split updates itself as the nfts are transferred. more info: https://splits.org/protocol/docs/templates/liquid this will likely be a configurable parameter as we iterate on this tool.
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cool if true
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