Community Round Update
Exciting news! ZooDAO has backers!
Dear ZooDAO community,
Our team has been working tirelessly every single day in discussions with many potential partners to help us build our future vision for our community project.
We’re pleased to announce some exciting news regarding a new partnership we have formed to help us take us to the next growth stage. This partnership will provide several substantial support mechanisms to help facilitate the foundation required for exponential development and growth.
This partner comes with influential backers who have substantial relationships with many significant names in the space. They have been active for a decade in the space, and the knowledge they have already provided has been very welcome and very encouraging.
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Immediately, we will gain access to their accelerator program. This program’s goal will enable us to secure a long-term development pathway and marketing roadmap through their extensive network. It will also mean that we will get access to capital injections and support to liquidity provisions to help us scale quickly and effectively.
As you know, we have been offering an open-round token sale for our community to help us increase our treasury to keep us advancing as a team. It was also a way for us to incentivise our community to gain access to our token at a very low market valuation whilst we sought out access to partners with capital.
This partnership effectively enables us to end this community sale without raising funds at this under-market valuation. We initially did expect that our partner would ask us to suspend this sale. However, after discussions with them, we’ve been even more encouraged by their commitment to supporting and rewarding communities. They felt it was in our community’s best interests to continue providing you with continued access to this public raise at the current valuation to reward any followers that want to take advantage of this situation.
Given the market conditions, some of you may have hesitated to invest in the token sale. However, we wanted to extend the community’s opportunity to act as the VCs/Angels for ZooDAO. The community that understands our long-term vision deserves the best opportunities usually reserved for more prominent investors. In addition, this sale will likely be the lowest valuation ZooDAO will ever raise at; as we are already working on potentially higher valuation capital injections. Therefore this may be the only round we can open to the community. We want to ensure you have a say in our project’s future.
We want to remind you that a VC will buy any remaining tokens left unbought by our community.
We have decided to extend the token sale by an additional three days to allow the community time to come in should they choose to. During this time, you will have increased time to take advantage of this unique opportunity to participate in ZooDAO’s growth and development.
Once again, thank you for your continued support of ZooDAO. We look forward to welcoming you into our community and showing you everything we have in store.
Sincerely, The ZooDAO team
