Investment Procedure

How do Members of UIG make investment decisions?

UIG is entirely member-directed and managed by the Members through democratic voting. As a Member, you should have some experience in evaluating and investing in early-stage crypto projects.

Individual investment decisions will occur via the DApp and will not require the expenditure of gas. Each Member will have the opportunity to outline and nominate an investment opportunity to other Members. Once nominated, Members or a Member's delegate will have the right to vote on whether to support the proposal.

A Member should understand and acknowledge that they must bear the economic risk of any purchase.

Will UIG have a general partner?

No, unless the Members make such a decision to appoint a general partner.

What incentives Members to source good investment opportunities for UIG?

5% carry fee will be given to the Member who sources the investment opportunity, passes it through the Members' voting round, and later exits with a positive return. In other words, the Member will earn 0.05 USDC for every 1 USDC of return to the UIG from a deal he or she sourced.

The Member will be responsible for communicating with the project team, negotiating deal terms, writing legal contacts if needed, and executing the transfer of funds and equity tokens. 5% carry will be distributed to the Member when UIG exits from the investment deal with a profit.

Will UIG operate via a thesis?

UIG is an emergent experiment and thus there is no express thesis. However, the purpose of UIG's establishment is to support the Story ecosystem by investing in early-stage projects built on Story backed by strong teams. Members can work together to formulate a thesis and explore investment opportunities. They have the right to develop any thesis they agree on.