$VC Token

We believe in a future where just as many securities are issued onchain as there are speculative assets. Our role in this future, is to become the default issuer for this emerging category of assets. Unfortunately, being centralized entity comes with risks for apps and protocols leveraging this infra:

• What if we decide to start monetizing assets that have been issued already, by arbitrarily adding trading fees?

• What if we decide to build our own utility apps, and restrict usage there?

• What if we go bankrupt?

In the end, as long as we remain a centralized entity, there is no difference between Venture Club and JP Morgan.

The $VC Token

Venture Club ($VC) tokens are issued by Venture Club and track contributions to the Venture Club network.

Stage 1

• The program will run for 12 months, starting April 2024

• There is no supply cap for tokens

• Individuals who invest in our app will receive 1000 $VC tokens for every $1 in assets tokenized, issued monthly.

• Asset originators (whoever sourced the deal) will receive an equivalent amount of tokens. This includes apps, syndicate leads, etc. In situations where there is more than one originator, tokens will be split evenly.

Stage 2

• Once Stage 1 is complete, $VC holders will decide on the number of tokens that will be issued in Stage 2 via governance.

• Governance of smart contracts and legal contracts will be transitioned to $VC token holders.

• There may be any number of Stages like this in the future, as determined by governance.

Tokens will be issued on Base. The Venture Club team and investors will receive 30% of issued tokens until DAO governance decides to end these rewards. 20% of tokens issued will be reserved for partnerships.