The q/acc protocol provides a community-first, fair launch for projects ready to tokenize and share their value creation with their community of supporters. We believe in a future where community-owned protocols are abundant and mainstream. The future of tokenization starts here.
Today, let’s focus on one specific aspect of the q/acc protocol: the early access window. Every founder, every project and every team has their true believers. The people that have supported them in any number of ways - financially, intellectually, spiritually. Those that told them to keep going when they were ready to give up. That funded their operations when their runway ran dry. That introduced them to key partners, advocated for their projects and sound boarded their ideas. The people without whom the project wouldn’t have even gotten off the ground. The early access window allows projects to invite those that have had the greatest impact on their success to acquire tokens at the earliest stage of their bonding curve. The q/acc protocol also automates measures to ensure this window is not abused.
If you are invited by a q/acc project to participate in their early access window, lucky you! Here’s how you can get ready:
If you have a question or want to get in touch with the q/acc team, drop a message in the #general channel on Giveth’s Discord, or email [email protected].
Your early-access NFT grants you access to participate in the project’s early access mint rounds. After each round, new tokens are issued and distributed by the bonding curve, and the value of that project’s token changes based on how many new tokens were minted.
Making this a fair launch! Individual caps allow more people to participate in the important early stage of a project’s token economy. Limits for the total amount raised during this period ensures that q/acc round supporters will also have a fair deal. Once the per-round limit is reached, the round is closed. When the round limit is reached in the last round, the early access window is closed for that project.
The per-person, per-project cap and per-round limit for each of the early access mint rounds are in POL. They are calculated at the start of the round based on what the following USD-equiv of POL is at that time.
Once the per-round limit has reached 90%, the per-person per-per-project cap is adjusted downward to prevent multiple pending transactions from exceeding the per-round limit. What this means is: the sooner your supporters act, the better.
Round | Per-person, per-project cap | Per-round limit |
---|---|---|
1 | $5K | $100K |
2 | $15K minus [funds sent in previous rounds] | $300K minus [funds collected in previous rounds] |
3 | $25K minus [funds sent in previous rounds] | $500K minus [funds collected in previous rounds] |
All supporters are required to complete a zero-knowledge (zk) KYC with Privado ID before participating. The q/acc protocol uses zero-knowledge ID to comply with AML guidelines, ensure age requirements are met, and restrict participation from USA and UK citizens for regulatory reasons. This measure both protects project teams and mitigates Sybil attacks during q/acc rounds.