The Investment Process

This section will provide an overview of the investment process as well a general overview of how to increase your investment allocation sizes.
The Citizen Capital Launchpad in collaboration with Neo Tokyo balances the needs of the $BYTES ecosystem as well as creating a fair and transparent investment allocation system. Our typical investment process is as follows:
  1. 1.
    Citizen Capital will identify projects that we feel are strong investments and we will negotiate with projects to acquire allocations for the Citizen Capital Launchpad.
  2. 2.
    The opportunity will be presented to NeoTokyo and announced via the Citizen Capital Announcement channel in the NeoTokyo Discord.
  3. 3.
    Citizens will be able to review the investment details as well as the detailed investment report so that they can conduct their own due diligence and research the investment opportunity.
  4. 4.
    The dates for the investment start and end will be announced on Discord.
Most investments will have three distinct participation phases.
You may stake have more than one staked Citizen in your wallet. Multiple staked Citizens will additively stack to increase your maximum investment allocation. You only need to stake for one of your Citizens for all of the Citizens in your wallet to be eligible to invest.

The investment phases are as follows:

1. Pre-Investment Guaranteed Allocations (Round 1 Pre-Investment Open) During the Pre-Investment Guaranteed Allocation phase, Citizens will burn $BYTES to ensure guaranteed allocations for a 24-hour period once the First-Come-First Serve (Capped) Round starts (Round 1). Guaranteed Allocations will cost 30 $BYTES, will be purchasable before the Round 1 start time (at Citizen Capitals discretion), and are usable for 24 hours after the start of Round 2. If a Guaranteed Allocation is not used during the applicable 24-hour window, it is burned and is not refundable.
Each wallet is permitted to use only one Guaranteed Allocation upgrade for each investment. These Guaranteed Allocations offer a maximum guarantee for investments up to $5,000. However, this maximum guarantee is subject to the combined total max allocation of all the Citizens held in your wallet.
2. First-Come-First Serve Based on Allocations (Round 2)
Round 2 is where Citizens invest on a first-come-first-serve basis and each Citizen's investment contribution limit is capped by their investment allocation as well as any Guaranteed Allocations that were applied in the prior round. To calculate your allocation, please refer to the calculator.
Multiple Citizens may be staked in the same wallet and their cumulative allocation will result in your wallet's total allocation. This round lasts 24 hours.
A single Neo Tokyo Citizen NFT's allocation is based on several factors as illustrated by this diagram:
3) Unlimited First-Come-First Serve (Round 3) Upon the expiration of Round 2, the Unlimited First-Come-First Serve Round starts where all Citizens are allowed to invest an unlimited amount until the total allocation is filled or until 24 hours expires.
4) External Bytes Burn (Round 4) If any allocation remains, Citizen Capital will share allocations with partnered VC funds and 2.5% of the total capital invested by partner VC funds will be used to buy $BYTES off of the open market and these $BYTES will be burnt out of the supply. *These numbers and calculations are all subject to change.