# Community Raise

**CONCLUDED**

**Claim:** [<mark style="color:yellow;">**https://app.hedgey.finance/token-grants**</mark>](https://app.hedgey.finance/token-grants)

### NEW TERMS:

4% -> 6% of the Max Supply.

20% received at TGE, 20% released every month on a block-by-block basis.&#x20;

Four months total vesting.

### **INITIAL TERMS**

Raise Amount: $300,000.&#x20;

Fully Diluted Valuation: 7.5M FDV.&#x20;

Vesting: 25% at TGE, 25% every month after.&#x20;

Maximum contribution per wallet: $50,000 USDC&#x20;

### PROCESS

Phase #1: **Whitelist**, 48 Hours duration&#x20;

Phase #2: **Public**, 72 Hours duration&#x20;

*Whitelist Phase:* open for 48 hours unless the amount is filled. It will operate on a FIRST COME, FIRST SERVE BASIS. Any tokens left unsold from this phase will then be go toward the public phase.

*Public Phase:* will be open after the Whitelist Phase. Will also operate on a first come, first serve basis or until all tokens have been sold.

### OUTCOME

Community Sale #1 SOLD OUT within 24 hours.&#x20;

122 participants contributed to the sale.&#x20;

A multi-sig wallet (on ETH and BSC) held the raised funds: 0x26E17aDa97868A75FFbF01bB36DC84dcAC180f83&#x20;

The total raise amount equaled $290,000 from the sale. This is due to fact that an advisor (*who is an absolute CHAD*) had funded the Hercules Vault audit cost, chose to be partially paid back by investing in the community sale. This amounted to $10,000, which is why the amount raised was $290,000.&#x20;

### **EXPENSES**

Solidity Development: $48,970

* Further Development Salaries (ongoing): $26,000

AI Technical Development: $90,000

* Further Development and Salaries (ongoing): $7,000

Team Salaries: $5,250

* Further Team Salaries (ongoing): $4,875

Front End Development: $3600&#x20;

Hercules Audit:&#x20;

* $34,000 was loaned by our advisor (minus 10,000 for investment in the community sale).&#x20;
* $24,000 to be paid back to said advisor

Loan for Marketing Expenses: $10,000&#x20;

Data Hosting (previous to Google Program): $9,000&#x20;

Refine Studio: $12,000&#x20;

PreSail Software: $3,750 + $590&#x20;

Vault #2 Audit: $10,000 (part one)&#x20;

\---

RAISED: $290,000&#x20;

PAID: $255,035&#x20;

REMAINING: $34,965&#x20;

\---

(updated 04/08/2023)