We absolutely will work with other grant programs, and we have a referral program for them to bring us good teams. But the crossover will probably be more with OCL and the AF more than questbook. I would love to see us launch some Orbit Chains’ Gas Tokens on q/acc, like we did for Prismo in season 1. We compliment existing grant programs well, because we don’t impose product deadlines or milestones, it is pure incentive alignment. If projects do well and the market buys a lot of tokens, they collect revenue and have clear upside in their own success (they have over 50% of the Max Supply). If they don’t well then they don’t collect revenue and market pushes their token price down.
Actually, low market caps are our sweet spot :-D. Even though the market caps are low, the market caps for the Season 1 teams during their q/acc round were even LOWER!
Every single person who bought in during the first q/acc round got a very good deal on the token, and relative to POL, the price people paid is up at worst 6% and in the case of Prismo, supporters are up 34%. There was a horrible market down turn in Q1 so in dollars people are down in some of the projects… but it would be worse if they were just holding the POL they put in, and much worse if they were holding low cap alts in the same market cap range.
Here is the list of prices people paid and the current market price for Season 1 projects:
| Price for q/acc buyers (in POL) | Price on May 15 (in POL) | % Increase since q/acc 1 | |
|---|---|---|---|
| Prismo Technology | 0.2602 | 0.3492 | 34.23% |
| Xade Finance | 0.2636 | 0.3271 | 24.09% |
| Citizen Wallet | 0.3028 | 0.371 | 22.52% |
| x23.ai | 0.4035 | 0.4903 | 21.51% |
| The Grand Timeline | 0.2521 | 0.281 | 11.46% |
| Akarun | 0.2272 | 0.2457 | 8.14% |
| Ancient Beast | 0.2229 | 0.2389 | 7.18% |
| Melodex by DjookyX | 0.2233 | 0.2377 | 6.45% |
We launch at low market caps and provide deep liquidity for legit utility tokens. This round ended right before Trump came to office and the market TANKED… yet the tokens are still alive, they didn’t crash like the other small caps. There is reduced risk, so there is also reduced upside… It is not really built like other launchpads which are really just a complicated form of gambling… Investors can make small steady gains (relative to ARB) while supporting builders.
That said, tokens bought during the first q/acc round unlock in June, and stream for 6 months, so the gains made so far are not locked in. The teams still need to do well for investors to make money. There is no magic money making tokenomics here… Teams have to produce for their supporters to make a profit.
100%, some projects don’t need a token or aren’t ready for a token. This program is NOT for them. It is not a one size fits all solution, it is only for projects that can benefit from launching a low cap utility token with deep liquidity, and they want to do a fair launch (not a pump and dump). However, you would be surprised at how many teams there are like this.
On the legal side, we partnered with MIDAO to give our builders a legal structure in the Marshal Islands that works with our token design, some of the projects took that route and others already had a legal structure that worked that they set up before being accepted into our program.