Funding criteria define the manner in which your project allocates funding. This component also controls the financing cycle behavior for your project. The financing cycle of a project influences the operation of its time-locked regulations. This information can be modified over time.
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Automated funding cycles
One payout is made every financing cycle. ☃Using funding cycles to determine certain token rewards. ❄Moreover, projects cannot be changed throughout the course of a financing cycle. ⛄Instead, modifications are scheduled for the following financing cycle. With automated funding cycles disabled, the project owner is free to alter the project at any moment, therefore initiating a new funding cycle. This offers the project owner more freedom, but increases the community's perception of the risk of rugpulls and other hostile behavior.When financing cycles are automated, the project owner must select a cycle duration. A shorter funding cycle offers greater flexibility, but a higher perception of risk. A longer financing cycle will have the contrary effect.Automated financing cycles are especially advantageous for projects with recurring expenses or payments.
Payouts
The manner in which a treasury's funds leave is determined by payouts. 💸The payoff amounts are specified in AVAX or USD. 💰Percentage distributions are expressed as a proportion of the whole Treasury. The 2.5% fee is channeled to the Snowcone DAO's treasury for payouts to Ethereum addresses. These payments issue SNOW tokens, offering projects a portion of ecosystem ownership. Payments made to other Snowcone initiatives incur no costs.The funds that are not required for a project's payments are referred to as overflow. If authorized by the project owner, members of the community can exchange their tokens for a percentage of excess funds. Overflow also serves as the runway for a project. There is no overflow in projects utilizing percentage rewards.
Welcome to the "Mark Your Snowcone Project" section of the Snowcone documentation. This guide aims to provide you with the knowledge to mark your Snowcone project effectively and efficiently, whether it is in terms of project details, funding, token management, or the rules to be followed.
This section provides a comprehensive guide to detailing your project in Snowcone. Get insights into best practices for presenting and organizing your project information.
Learn how to set up and manage funding for your Snowcone project. This includes setting up initial funding, managing funding cycles, and handling payments.
This section covers the different aspects of token management in your Snowcone project, including minting, distribution, and token economics.
The success of your Snowcone project hinges on adhering to a set of rules. Learn about these rules and how they influence your project’s growth and sustainability.
We hope this guide helps you understand how to effectively mark your Snowcone project. If you have any questions or require further assistance, please feel free to reach out to our team.
When individuals fund a project, project tokens are generated. Token parameters determine how tokens function.
By default, token balances are tracked in snowcone contracts. Once their product has been implemented, project owners can issue ERC-20 tokens on snowcones.io if they so want. This ERC-20 is available for community members to claim.
Frequently, project tokens are utilized for governance voting, restricted access to a Discord server, an NFT mint, or anything else.
These regulations may be modified over time.
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Description
Initial mint rate
The number of project tokens minted when 1 AVAX is contributed.
Reserved tokens
Tokens are minted when people pay your project. Reserved tokens can be used to control where those tokens go.By default, all tokens go to the person that pays your project. If the reserved rate is set to 30%, the person that pays your project will only receive 70% of the tokens minted by that payment. The remaining 30% of tokens will go to Avalanche addresses and Snowcone projects chosen by the project owner.Project owners often use reserved tokens to ensure that core project members maintain a voice in governance as a project grows. A higher reserve rate makes a project more resilient to takeover, but reduces the incentive for individuals to contribute to your project (as they will receive fewer project tokens). A lower reserve rate will do the opposite.
Discount rate
The percentage your mint rate will decrease by every funding cycle. In other words: how much more expensive do project tokens become each funding cycle? If a project has an intial mint rate of 1,000,000 tokens per AVAX and a discount rate of 10%, that project's mint rate will be 900,000 tokens per AVAX in its second funding cycle, and 810,000 tokens per AVAX in the funding cycle after that. This mechanic encourages early contributions, but may also discourage later contributors if too extreme.
Redemption Rate
By default, tokens can be redeemed for a proportional amount of overflow.
Funds exceeding your costs/payouts are considered overflow.
By default, a token holder who redeems ten percent of all project tokens will receive ten percent of the overflow.
The redemption rate alters this behaviour—if set to 60%, project tokens are only redeemable for 60% of the overflow they would otherwise correspond to. This means that somebody redeeming 10% of project tokens would only receive ~6% of the overflow, leaving the other ~4% in the treasury. The funds remaining in the treasury increase the proportional value of other tokens. The redemption rate mechanic rewards individuals who redeem their project tokens later rather than earlier.
Project Details are displayed on your Snowcones.io project page. This section includes your project's title, description, logo, important links, and pay button customization.
These details can be updated later.
Emojis can be used in these fields.
This information is stored on IPFS.
A Discord server invite, which will be displayed as a link on your project page. Project creators often link to an official project Discord server. If unnecessary, this field can be left blank.
Pay button text
The pay button text on your project page. The default is Pay, and Donate is a popular alternative.
Pay disclosure
The pay disclosure will be shown to people before they pay your project. Project creators often use this to provide context or to display an agreement.
Project name
The title of your project, which will appear on your project page and on the Snowcones.io home page.
Project description
This description will appear on your project page. Project creators often use this space for stating their project's goals and providing context.
Logo
Your project's logo, which will be displayed on your project page and on the Snowcones.io home page. Upload a GIF for an animated logo! Filesize must be under 1 MB.
Website
A link to any website, which will be displayed on your project page. Project creators often link to their project's landing page. If unnecessary, this field can be left blank.
Twitter handle
A Twitter handle, which will be displayed as a link on your project page. Do not type an @ before the handle—it will be added automatically. Project creators often link to their project's official Twitter account. If unnecessary, this field can be left blank.
Discord link
If enabled, your project cannot be paid for. This has been utilized by project owners between fundraising seasons or when desiring to fully halt token issuance.
Allow token minting
When enabled, the project owner can mint project tokens to any address at will. This could be used for setting up a "premine", or to create an additional token reserve for the DAO.
Reconfiguration rules
Reconfiguration rules are requirements that must be satisfied in order to reconfigure a project. Conforming to the default 3-day delay, a reconfiguration must be filed at least 3 days before to the beginning of the subsequent financing period. This allows the community time to validate queued reconfigurations and prevents a rug pull at the last minute.