Profits and Dividends

Should UIG Members expect to receive any profit by contributing to UIG?

Yes. UIG is a for-profit organization with the aim of investing in high growth early-stage projects built on the Story Ecosystem. Members will receive proceeds from investments on a pro-rata basis based on the number of warrant tokens each Member holds. Dividends will also be distributed to the Members on a pro-rata basis. The decision to exit and realized return from investments, distribute dividends, and reinvest proceeds will be determined through Member's majority votes.

If I'm a Member of UIG, what interest do I receive in any investments that receive financing from UIG?

UIG will be the record holder of all securities and/or any other rights secured via UIG-related investments. Members, acting via a vote via the Dapp, will have the right to determine the amount, timing, and form of all distributions related to proceeds from those investments.

How will proceeds be distributed?

Members will receive proceeds, if any, on a pro-rata basis based on the number of warrant tokens each Member holds.If a Member exits, the Member will be entitled to receive their pro-rata portion of any undeployed capital. However, the Member will not be entitled to distribution with respect to any purchases made by UIG after the date the Member exists UIG.

Will proceeds be paid in USDC, Ether, Dai, or cash?

Members have the right to determine how proceeds will be paid.

Can UIG recycle or reinvest proceeds?

Members acting by a majority vote (based on the number of warrant tokens) may reinvest or retain for purchase any proceeds to effect UIG purchases, pay expenses, or create reserves.

If a Member votes against a proposed deal, but does not “exit,” will he or she still benefit from possible future profits? In other words, are all projects’ possible future returns shared equally amongst the members?

Yes, the Member would benefit from the future profits even if the Member voted against the purchases. In effect, you're agreeing to the will of the voting members, and if you don't like the decision you have the right to keep all or part of your undeployed capital.