Introducing Utopia on GLMR

What is Utopia?

Utopia is a web3 incubator and venture DAO built on Moonbeam with an emphasis on P2E/Metaverse sector. We crowdsource our community members’ collective expertise, network, and efforts to identify potential high risk/reward early investments + deploy capital cross-chain to invest and grow our treasury fund.

Joining Utopia DAO grants you access to:

  • The privilege to participate in the seed rounds of the next Axie/SAND/DFK which until now has been reserved exclusively for VCs/Angel investors

  • NFT Whitelist/IDO allocations for Utopia’s partnered projects launching on Moonbeam

  • Insider knowledge from working on projects incubated by UtopiaDAO

Whether you might be an investor, speculator, dev, artist, or researcher, there is always a place for you amongst the rank of Utopians.

Business Model

Stag 1: Bootstrapping phase

Bootstrapping phase
Bootstrapping phase

In the bootstrapping phase:

  • Users will bond stablecoins (USDC/FRAX) to help bootstrapping Utopia’s treasury fund with capital

  • In exchange, users will receive $UPIA tokens with various investment utilities

Stage 2: Capital deployment/Co-investing phase

Capital deployment phase
Capital deployment phase

With the capital in Utopia’s treasury fund:

  • Utopia asset management team will deploy fund cross-chain into high risk/reward early stage investments (Seed round/Strategic round of potential P2E/Metaverse projects)

  • Users will have the option to co-invest (invest in the same deal, with your own personal fund) into deal flows available to UtopiaDAO by spending $UPIA tokens

  • Profit from capital allocated by treasury fund will go back to our DAO treasury for future investments

  • 100% profit from capital allocated by users will be distributed back to your personal wallet

How co-investing works:

  • A typical ticket size (max allocation) for seed investment deals is approximately $25,000 - $200,000

  • Let’s assume: Project X offers UtopiaDAO a $200k allocation seed allocation, and we decide to invest $50k from our treasury fund and split the $150k allocation between all co-investing DAO members

post image

  • The $150k will be divided amongst 300-500 interested members in a first come first serve basis at a minimal allocation of around $300-500 for each DAO member.

  • The co-investing scheme rewards our DAO members and provides incentives for the whole community working together in finding deal flows, researching, and supporting our partnered projects to become successful by leveraging the power of the entire community

Stage 3: IDO Launchpad

IDO Launchpad + Staking
IDO Launchpad + Staking

  • For the next stage of our development, Utopia will introduce our IDO Launchpad to bring more investing options to our token holders

  • A staking function will also be released to grow your token stack passively

  • Treasury-management side, our asset management team will also deploy idle fund cross-chain to different yield farming strategies to turn fund into productive assets.

Conclusion

That is a brief overview of what is Utopia on GLMR, what we do, and how we bring values to our users.

In the next article, let’s look into: Tokenomics