💹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 creates a fair and transparent investment allocation system. Our typical investment process is as follows:
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.
The opportunity will be presented to Neo Tokyo and announced via the Citizen Capital Announcement channel in the Neo Tokyo Discord.
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.
The dates for the investment start and end will be announced within the Citizen Capital Announcement channel in the Neo Tokyo Discord.
Most investments will have three distinct participation phases.
You may have more than one Citizen in your wallet. Multiple Citizens will additively stack to increase your maximum investment allocation. You only need to stake $BYTES with Citizen Capital for one of your Citizens for all of the Citizens in your wallet to be eligible to invest. Staking your citizens with Neo Tokyo will increase your allocation size (detailed equation below).
The investment phases are as follows:
1. Pre-Investment Guaranteed Allocations (Round 1 Pre-Investment Open) During the Pre-Investment Guaranteed Allocation phase, Citizens are able burn $BYTES to receive a Guaranteed Allocation(GA). GA's can be applied to the investment opportunity during the Pre-Investment Guaranteed Allocation phase. They will allow you to invest for up to 24 hours after the First-Come-First Serve (Capped) Round starts (Round 1). Guaranteed Allocations will cost 30 $BYTES, and will be purchasable before the Round 1 start time (at Citizen Capitals discretion), and if applied to the investment they allow you to invest for 24 hours after the start of Round 1. 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 or capped at your personal max allocation if less than $5,000.
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 held 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.
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