I support the idea of investing seeds in projects that will work within the Hopr project’s own ecosystem. Every project that aims to establish an ecosystem moves in this direction. I am wondering if the roadmap and business plan of the projects to be invested will be shared with us?
I fully agree and are very optimistic about the future development of Hopr
Hey guys,
not trying to sound like Chat GPT generated ;-)
First, some points in the comments/answer/questions posted are obvious, like:
What will the impact of pool size reduction (honestly?) or what will be the price of future rounds (future!1!!1).
Some points of my interest are however:
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how much % will the HOPR Community Trust acquire, so what will be the pre-/post-money valuation of the deal → obsolete, just read it is a convertible
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talking about future investments: does the Community trust have some dilution protection mechanisms like a pro rata right for possible future rounds?
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where would these funds come form to participate in these rounds?
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reading the ‘Rationale’, one task of the Hopr rise holding AG will be to support/fund future projects launching in the ecosystem. So the following question arises: how will the benefit the owners of the hopr rise holding AG, which could (in principle along my current understanding) in the future consist of the HOPR community trust in combination with classical VCs
→ one could argue of course that such a mechanism benefits the hopr ecosystem as a whole, which would then in the end somehow drive the price of the HOPR token as well → so the people behind the community trust (HOPR holders) would benefit
→ however, for VCs investing in the HOPR rise AG, this might not be sufficient. Or are these entities purchasing HOPR tokens alongside with investing in the HOPR rise AG as well? What is the incentivization scheme here?
→ or is it completely different in the sense of: the HOPR rise AG itself acts as some sort of VC: invests in ecosystem projects, acquires token allocations of these projects, sell them, buys back HOPR tokens, which are then distributed to owners of the HOPR rise holding AG?
So a lot of important information is still unclear and/or missing in this regard.
THat being said, I 200% back this proposal. Love these HOPR masterminds.
5 Likes
I believe that the indicated amount of financing is too large, the project is already in a difficult situation, the withdrawal of liquidity will lead to another decrease in the price. The team must work for the money received from the sale of tokens and then from manipulations
it is definitely worth allocating 400 thousand DAI, although this amount is already too large
Looks like a sound proposal but to be honest I personally lack the legal understanding to grasp why it is needed and what true benefits this will bring. However all I can say is that by following the project for a long time I’ve come to trust the way it is directed, so this will be no different.
Edit: I am however a bit concerned about the reduction in pool size. How is that benefic? Wouldn’t that also possibly affect the price due to lower liquidity?
1 Like
Great process
Since we received several questions on the exact mechanism of the Convertible and since we strive to be maximally transparent from the start, we decided to disclose the entire Convertible Loan Agreement here. You will specifically find relevant details in section 4.3 conversion:
On the Maturity Date, and subject to the condition that Borrower is not repaying the Loan amount as set out in section 4.2, the outstanding Loan amount mandatorily converts (Pflichtwandel) into common shares (or any other type of shares as determined by Borrower) of Borrower at the price per share paid by the investors participating in the financing round minus a discount of 50% (the “Conversion”). Regardless of the actual valuation, the total number of common shares resulting from the Conversion shall be at least 10% and maximum 24% of the share capital or voting rights of Borrower.
17 Likes
- What will happen to the equity that is transferred to HOPR Rise Holding AG, and how will it be managed?
- What is the timeline for implementing the proposal and transferring equity to the HOPR Community Trust?
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This sounds excited and looking forward more details.
Good proposal
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Is this the first time of such practice in crypto space?
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I appreciate you sharing the Loan Agreement. It was informative to read and will assist the DAO in making informed decisions.
素晴らしいアイデアだと思います。
Thank you for providing additional information on the Convertible Loan Agreement, specifically section 4.3 regarding the conversion process. Your commitment to transparency is greatly appreciated and helps us better understand the proposal’s potential impact on the HOPR ecosystem.
1 Like
I support this proposal, hope it will be good like previous ones…
I support the proposal and will vote on it. Nice to see these things happening during a bear market.
A bit of humor, but as you can see, ChatGPT fully supports this proposal of the team, taking into account that the community continues to participate in the development of the project)
1 Like
Providing incentives for developers will be good for the hopr ecosystem.
Okay, let’s invest in products.
2 Likes