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A curated raise is an application-gated path for teams that are reviewed before they raise. It’s well suited to pre-ICO projects - raising before a token is live and tradable - and to founders who want a vetted, fixed-window raise rather than the self-serve internet round.

Applying

The application has four steps - Basics, Details, Funding, and Review. Apply at star.fun/submit.
  • Project basics: logo, project name, ticker, and elevator pitch
  • Core links: website URL and X/Twitter username
  • Media: one hero asset (demo video or banner image)
  • Project details: full description
  • Fundraise setup: minimum raise, treasury allowance, and public allocation percentage

Vetting

Curated projects are reviewed before going live:
1

Pre-launch review

The team and project are reviewed for fit and readiness.
2

Verification

Confirmed teams receive a verification badge.
3

TGE approval

A final approval gate before the token generation event.

The raise

  • The deposit window is fixed at 5 days.
  • Founders set a fixed minimum target. If it isn’t met, participants are refunded.
  • Everyone deposits USDC during the window. If demand exceeds the accepted amount, the excess is refunded pro rata.
  • Funds are held safely until launch, then participants claim their tokens.
  • Total token supply is fixed at 1,000,000,000.

Fundraise parameters

ParameterWhat it means
Minimum raiseThe minimum you need to raise; below it, investors are refunded.
Treasury allowanceYour operating budget, transferred to you on a schedule after the raise.
Public allocation %Share of supply sold in the raise - a smaller % implies a higher starting price/FDV, a larger % a lower one.
Liquidity allocationA portion of raised USDC is reserved for post-launch trading liquidity.
Team performance packageRemaining team tokens unlock against market-cap milestones (supply is fixed).

Pre-ICO governance

Before a project has ICO’d, its treasury and IP are governed by decision markets pegged against the price of $STAR.
Since the project has no live token of its own yet, there’s no native price to run markets against. $STAR is used as the welfare metric: good decisions for projects on the platform improve the price of $STAR, so it stands in until the project’s own token is live.
While pre-ICO:
  • You receive a treasury allowance defined before the raise.
  • Larger expenditures or allowance changes must be approved through decision markets.
  • A follow-on fundraise requires a proposal specifying the amount and valuation. Fundraise proposals can only be created by the team.
  • Holders can raise issues by creating proposals (a minimum amount of the illiquid token is required to do so).

Going live (TGE)

1

Initiate the TGE

The team creates a proposal to start the token generation event.
2

Final pre-TGE raise

One final fundraise runs right before TGE (under 5 days), with a share of raised funds reserved for AMM creation.
3

Token goes live

Early investors can be placed on vesting schedules, though vesting isn’t required.
Once the token is live, decision markets run against the project’s own token. See Ownership for how Bedrock and decision markets work after launch.

Talk to us

Book a call with Adam

Have questions? Grab 15 minutes to talk through your raise.