# Community Raise
**CONCLUDED**
**Claim:** [**https://app.hedgey.finance/token-grants**](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.
Four months total vesting.
### **INITIAL TERMS**
Raise Amount: $300,000.
Fully Diluted Valuation: 7.5M FDV.
Vesting: 25% at TGE, 25% every month after.
Maximum contribution per wallet: $50,000 USDC
### PROCESS
Phase #1: **Whitelist**, 48 Hours duration
Phase #2: **Public**, 72 Hours duration
*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.
122 participants contributed to the sale.
A multi-sig wallet (on ETH and BSC) held the raised funds: 0x26E17aDa97868A75FFbF01bB36DC84dcAC180f83
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.
### **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
Hercules Audit:
* $34,000 was loaned by our advisor (minus 10,000 for investment in the community sale).
* $24,000 to be paid back to said advisor
Loan for Marketing Expenses: $10,000
Data Hosting (previous to Google Program): $9,000
Refine Studio: $12,000
PreSail Software: $3,750 + $590
Vault #2 Audit: $10,000 (part one)
\---
RAISED: $290,000
PAID: $255,035
REMAINING: $34,965
\---
(updated 04/08/2023)
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