Smart Contracts
Dabase is built on top of blockchain, so all features like creating a pool, investing, releasing designated funds if the vote for the milestone is successful, and initiating refund for balance funds if the vote for a milestone is not successful, are secured by smart contracts. Voting and making amendments in proposals, milestone time, etc. are all handled by imoDAO. All funds invested by VCs/Investors are first secured in an escrow via smart contracts. The investors who invested in the projects get to vote amongst three options, whether the milestone has been achieved (to disburse designated fund), it has not been achieved (to initiate refund), or to postpone the due date of the milestone. Smart contracts for each process are triggered based on 51% of votes being in favor of any option.
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