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An internet round raises USDC through a dynamic market sale - a live, public sale optimized for speed and price discovery. You raise an initial amount up front, then unlock more capital over time as your market cap grows. This page covers the raise economics and what happens once your token goes live.

The raise

In a standard round you give up 10% of your company’s equity, issued as a liquid, equity-backed token. That 10% entitles you to more than the upfront check - you also receive milestone-based unlocks (up to $8.6M) and 0.5% of every trade (see Founder economics below). The upfront amount is set by your preset:
PresetInitial raiseEquityAvailability
Standard$10,00010%Self-serve
Plus$25,000By arrangementOn request
Pro$50,000By arrangementOn request
The $10K preset is self-serve. $25K and $50K rounds are available on request - reach out to request a larger preset.
Token supply is fixed at 1,000,000,000 tokens (Solana SPL).

How the dynamic market sale works

Your raise runs as a dynamic market sale on a bonding curve. There’s no fixed price: the token price rises as more is bought, so earlier backers get a better price. The sale is a live market - backers can buy and sell throughout the raise - and it completes once it reaches its target market cap. The sale targets more than the amount you take home. A standard round nets you $10K, but the raise target is higher because each raise also funds:
  • ~$7.5K for incorporation with Bedrock (your BVI company plus Cayman SPC), and
  • on-chain liquidity - a reserve paired with tokens so your market has ample depth to trade against once the token is live.

Token distribution

The portion of supply tied to your raise is split three ways:
AllocationSharePurpose
Public sale60%Sold during the dynamic market sale
Raise unlocks20%Released to your team as you hit milestones
Vested20%Linear 1-year vest

Founder economics

As a founder, you receive value from three sources:
1

Initial raise

The up-front amount from your preset ($10K / $25K / $50K), settled in USDC.
2

0.5% per trade

You earn 0.5% of every secondary trade of your token, for as long as it trades. See Fees.
3

Milestone capital unlocks

More capital unlocks to your team as your market cap climbs through milestone bands (see below).

Capital unlock schedule

Capital unlocks as your project climbs through market-cap milestones. Funds reach you in weekly $2,500 allowances.
Market capCapital unlocked (cumulative)
$2M$10,000
$10M$200,000
$20M$775,000
$40M$1,900,000
$80M$4,200,000
$160M$8,600,000 (max)

Going live

Once the sale completes, your token goes live and becomes tradable across Solana venues.

Trading

  • Your token is live and tradable through any Solana DEX.
  • You earn 0.5% per trade (see Fees).

Treasury

Raised funds are held in your project Squads treasury. Larger expenditures are governed by decision markets - backers get a structured, board-like say over how treasury capital is spent.

Receiving your allowance

Your weekly allowance lands in the wallet you created the project with. To withdraw, you can:
  • Send to any other Solana wallet, or
  • Open a bank account with Altitude - our preferred partner for stablecoin business banking, so you can send and receive both fiat and stablecoins.

Editing your project

Manage everything about your project from the founder dashboard (open it from your user dashboard):
  • Edit your project info anytime - description, website and links, hero/banner media, team members, and socials.
  • Once the token is live, on-chain metadata (name, ticker, links) is updated through proposals.
  • Find your token’s mint address and liquidity pool address in the Details tab on your Star project page.

Follow-on fundraising

You can raise again later through proposal-approved minting - issuing additional equity to the token to fund the next stage.

Talk to us

Book a call with Adam

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