Council of 69

Launched in the 5th week of Harvest's operation, the Council of 69 is an investment syndicate that participates in early-stage project investments. It enables savvy users to leverage the investing power of the collective to bring further rewards to our platform. 
How it works:
Talented users suggest strategic investments in the #Council-of-69 channel on Discord.
After discussing the opportunity, a Snapshot governance proposal is created.
Snapshot proposals that gather 1000 affirmative FARM votes move the deal forward.
A syndicate of Harvest's developers and established investors perform due diligence to evaluate the proposal on technical and market viability.
If approved, the proposing user helps to close the deal.
The Harvest treasury funds the investment.
On a liquidity event, 10% of the gains are rewarded to the user who brought in and closed the deal.
90% of gains are distributed to humble farmers in the profit sharing pool.
Previous Investments 
Check the investments made by the Council of 69:
$50,000 in Perpetual Protocol at $0.50/PERP (Snapshot Vote; Vesting Stream 1; Vesting Stream 2)
$50,000 in Benchmark for BMK at seed price with 1 year vesting (Medium Post)
$50,000 in AP Wine for $0.30/APW, vested over 2 years (Snapshot Vote)
$15,000 in Babylon Finance at $10/BABL with 3 year vesting after 1 year cliff (Snapshot Vote)
CompliFi - Terms are private until vesting has completed after 6 months

How to participate
Got a good deal for Harvest to invest in? Head over to the Discord Channel to pitch for your 10% cut!
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Profit Sharing and iFARM

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Last modified 1yr ago