Frequently Asked Questions
๐ How It Works
This is a in depth guide to BITSEED. If you have any questions please ask and we will add the answer to this guide for all to see.
Frequently Asked Questions
๐ How It Works
This is a in depth guide to BITSEED. If you have any questions please ask and we will add the answer to this guide for all to see.
๐ง What is BITSEED?
BITSEED is a gamified investment platform where users fund real-world and creative projects.
As projects get funded, they become part of an evolving story, and supporters receive NFTs and special rewards linked to the impact they have created.
๐ง What is BITSEED?
BITSEED is a gamified investment platform where users fund real-world and creative projects using BITSEED Coins.
As projects get funded, they become part of an evolving story, and supporters receiveย NFTs and special rewards linked to the impact they have created
๐ฐ How do I fund projects on BITSEED?
- Browse projects and choose one that aligns with your interests.
- Fund the project and become a community member.
- Community members receive rewards (NFTs linked to the impact you made with your funding, perks, and access to project updates).
๐ฐ How do I fund projects on BITSEED?
- Browse projects and choose one that aligns with your interests.
- Fund the project and become a community member.
- Community members receive rewards (NFTs linked to the impact you made with your funding, perks, and access to project updates).
๐ฑ What is a Bitdeck?
A Bitdeck is a projectโs landing page that showcases its idea, impact, funding goal, and rewards. Every project on BITSEED has its own Bitdeck where users can learn more and contribute.
๐ฑ What is a Bitdeck?
A Bitdeck is a projectโs landing page that showcases its idea, impact, funding goal, and rewards. Every project on BITSEED has its own Bitdeck where users can learn more and contribute.
๐ญ What happens after a project is funded?
Once a project is fully funded, it moves to the development phase, where:
๐คย The founder receives the necessary funds.
๐คย Backers get their promised NFTs or rewards.
๐คย The project is integrated into BITSEEDโs evolving storyline.
๐ญ What happens after a project is funded?
Once a project is fully funded, it moves to the development phase, where:
๐คย The founder receives the necessary funds.
๐คย Backers get their promised NFTs or rewards.
๐คย The project is integrated into BITSEEDโs evolving storyline.
๐ What is the project approval process?
Projects go through 5 stages:
STAGE 1: Application
๐ฑ Seed Stage
Founders submit their pitch.
STAGE 2: Due Diligence
๐ Sprout Stage
Due diligence checks are done on both the idea and the founder, to make sure liabilities are minimized for the community.
STAGE 3:ย Raising Capital
๐ Growth Stage
Your idea is shared on BITSEED and the community can support the growth of your project.
๐ What is the project approval process?
Projects go through 5 stages:
STAGE 1: Application
๐ฑ Seed Stage
Founders submit their pitch.
STAGE 2: Due Diligence
๐ Sprout Stage
Due diligence checks are done on both the idea and the founder, to make sure liabilities are minimized for the community.
STAGE 3:ย Raising Capital
๐ Growth Stage
Your idea is shared on BITSEED and the community can support the growth of your project.
STAGE 4: Community Rewards
๐ณ Tree Stage
The members of the community who support your project will be rewarded with things such as limited edition NFT’s linked to the impact their funding made, Tickets to events, and in the future we will be integrating an equity model where community members can buy equity int heir favorite projects and receive profit dividends.
STAGE 5: Impact
๐ Forest
The founder and they’re team will provide the community with updates on the projects, including milestones and impact that the project has created.
๐ Can anyone submit a project to BITSEED?
Yes! However, projects go through a vetting process to ensure they align with BITSEEDโs mission. You can submit your idea through the Create A Bitdeck Form.
๐ Can anyone submit a project to BITSEED?
Yes! However, projects go through a vetting process to ensure they align with BITSEEDโs mission. You can submit your idea through the Create A Bitdeck Form.
๐ What kind of rewards do I get for funding projects?
Each project offers unique NFTs & perks, such as:
๐คย Limited edition NFTs tied to project milestones.
๐คย Early access to products or services.
๐คย Exclusive community roles & voting power.
๐ What kind of rewards do I get for funding projects?
Each project offers unique NFTs & perks, such as:
๐คย Limited edition NFTs tied to project milestones.
๐คย Early access to products or services.
๐คย Exclusive community roles & voting power.
๐ Can I get financial returns on my investment?
Not at this point, but it’s something we are going to integrate as soon as possible. For the meantime, backers receive NFTs linked to the impact your funding makes, Events, Products, Services, in-platform perks, and impact-driven engagement.
๐ Can I get financial returns on my investment?
Not at this point, but it’s something we are going to integrate as soon as possible. For the meantime, backers receive NFTs, Events, Products, Services, in-platform perks, and impact-driven engagement.