Common Wealth Announces the Launch of the World's First Free VC Fund

Long-established Wealth Announces the Originate of the World’s First Free VC Fund

9 February 2024 [Lisbon, Portugal]: Long-established Wealth, the grand, all-in-one platform for early-stage Web3 investments, this day publicizes the initiate of a worldwide-first initiative: a Free “safe-to-have” VC Fund. This initiate represents an completely new fusion of community-driven Web3 principles with the sophistication of venture capital funding. The initiative will take into narrative Long-established Wealth’s first fund opening up the venture capital sector to the plenty, making certain that the vitality of early-stage safe admission to in Web3 is now within the fingers of the community it serves.

The Free VC Fund is designed to elevate the spirit of Web3 at a time when the retail crypto community is mobilising against unfair initiate practices. By offering safe admission to on the identical stage as VCs and diversified privileged teams, Long-established Wealth targets to level the taking part in field within the sphere.  Leveraging its solid backing by key notion leaders with a collective social attain of over 12 million, Long-established Wealth is determined to shock the enterprise with a host of world firsts – the predominant-ever completely free, no administration fees, consistently liquid, and fully on-chain Enterprise Fund.

The Free VC Fund comprises an estimated $2.4 million rate of allocations at some level of 15 of the most promising unlaunched projects in Web3 (collectively with Long-established Wealth!), to be made available to early supporters thru an interactive and interesting gamification machine.

The starring projects, referred by the All Boulevard Oracles, and that can safe up the Free Fund are as follows; Analog, Asymmetry, BLOCKLORDS, Chirp, Cookie3, Diamond Swap, DYOR Alternate, FairSide, Mangata Finance, Mavryk, Nibiru, Nyan Heroes, OP Video games, and Rabbet.

The Free Fund shall be fully airdropped as “Slices” (fund NFTs) to the winners of a 3 week campaign, beginning in around 2 weeks time. Each Free Fund Slash will seem in their wallets as completely non-fungible and immutable proof of ownership, that will most doubtless be break up, transferred, traded on the discretion of the holder. This option-space is one other first and additional cementing the innovation within the support of this new decentralised infrastructure.

The campaign prizes are:

• High 10 recipients receive $10,000 slices every.
• The next 50 recipients receive $5,000 slices every.
• The next 1,000 recipients receive $1,000 slices every.
• Runner-u.s.a.fragment ~$1 million in $WLTH tokens.

The Long-established Wealth Genesis 1 & 2 NFT holders and Beta Testers will receive extra rewards, granting them a competitive edge as a thank-you for his or her pivotal role within the platform’s beta section.

Participation is free and delivery to all individuals* to total explicit off-chain and on-chain projects connected to every venture within the fund. Development shall be tracked with a Leaderboard, and seriously, every verified participant who has executed the minimum projects shall be rewarded.

The customized mechanics will take into narrative participants total varied missions, organised into 5 Quests at some level of diversified social channels. Each venture features 5 Quests, one for every predominant social media platform, with every Quest comprising three or more Missions. Completion of these Missions earns participants XP points, with bonus rewards for ending all Missions interior a Quest. The closing incentive is reserved for those that total all Quests for a venture, offering them a necessary XP boost. Computerized and manual verifications will provide legitimacy and safe obvious that the transparency and accountability central to Web3.

The Free VC Fund initiative will commence up on Wednesday, February 21st, 2024, and could even simply serene span three weeks, ending with a verification section**. A crammed with 1,060 winners will take into narrative the prizes air-dropped to their wallets when the app goes reside to dispute the story zkSync ERA mainnet ahead of 8th April 2024. The winners of the $WLTH airdrop will receive their plump airdrop at TGE (week beginning off 8th April 2024).

Submit-initiate, the Free Fund will feature equally to all others coming to the Long-established Wealth app, the place a permissionless machine will flee the funding processes and provide the house owners of the slices with their proceeds except the fund is fully vested. All the scheme in which thru the fund lifecycle, the app will continue to reward education and engagement at some level of the Long-established Wealth ecosystem.

About Long-established Wealth

Long-established Wealth is a sturdy, all-in-one platform for early-stage Web3 investments — offering an all-safe admission to trip for retail merchants to grab control of their monetary future. It targets to disrupt, scale and optimise the prone venture capital funding model utilizing Web3 principles and blockchain abilities.

By opening up safe admission to to the ninety 9%, Long-established Wealth incentivises higher standards of funding and investor education with crowd-sourced knowledge and scalable due diligence.

Note Long-established Wealth: https://twitter.com/joincommonwlth

Websites: https://joincommonwealth.xyz/

Telegram: https://t.me/commonwealth_chat

Press Contact:

[email protected]

* Participation within the Long-established Wealth promotion requires a registered profile and completion of no much less than 3 missions per venture for leaderboard eligibility. Proof of mission completion could even simply be requested, and all entries are discipline to verification by the team. Entirely the most appealing XP scores can win, with entrants eligible for a single prize at some level of all tiers. Tier 1 and 2 winners are excluded from the TGE airdrop. Within the match of ranking ties, algorithmic tie-breakers shall be applied. Judges’ choices are final. Geographical restrictions could even simply put collectively.

** Long-established Wealth reserves the magnificent to develop the campaign at its discretion.

Disclaimer: The text above is a observation that is no longer section of Cryptonews.com editorial lisp.

Source : cryptonews.com