AngelBlock (THOL)

AngelBlock is a DeFi, protocol-based fundraising platform at its core, that is decentralized and non-custodial.

Whitepaper

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Interest lvl

Medium

Updated: Feb 10, 2023

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User Rating

Highest

5/5 • 2 votes

Ticker

THOL

Type

Utility-token

Token standard

ERC-20

Registration year2021

What is AngelBlock

AngelBlock is a DeFi, protocol-based fundraising platform at its core, that is decentralized and non-custodial. Our underlying smart contract infrastructure is built on Ethereum, with the short term objective of building out on other EVM compatible protocols to facilitate a multi-chain world of fundraising for the next phase of growth in Web 3.0.

Our goal

Apart from democratizing fundraising in Web 3.0, our goal is to create a compliant industry standard for token-based raises going forward, that is geographically-agnostic, safer, and more transparent than what is currently available on the market.

How do we plan to achieve this?

1. Implementing MiCa / EU regulatory guidelines into the AngelBlock protocol procedures in the short-run, validated through a due diligence process and having investors go through KYC (above a specific capital threshold). We have longer term plans to do the same in the US if, and when, the regulatory environment allows for it.
2. Incorporating milestone-based voting by investors post-raise to establish guidelines for startups on the required deliverables to receive funding and the terms of the raise.
3. Plugging in reporting tools (ie Messari or similar) to enable timely financial reporting to startups and investors – the accuracy of data will be the startup’s responsibility.
4. Decentralization of the protocol by incentivizing validators through our token economics to do due diligence on startups and ensure governance proceeds accordingly.
5. Leveraged community building for us and startups we will be listing, ranging from DAO formations to tool and infrastructure accessibility.
6. Allowing founders and crypto projects access to our on-chain vesting, cap table management, and token distribution tools, making the process safer, more transparent, as well as efficient (approx. 20% of tokens from sales are sent to a wrong address or in the wrong amount).