Brief of the site

Brief abstracts of the algorithm of actions on the AngelForge site

1. The project creates a project with a pre-approved number of stages (4, 5 or 6) and time periods for each stage (from 1 to 6 months) of the idea implementation. It also sets the number of tokens that will be reserved for angels in the seed round. The remaining tokens (other than seed) will be blocked until the full completion of the entire project implementation period.

2. The project's founder can find a team of experts represented on AngelForge.

3. The project's founder can attract companies to implement complex tasks.

4. On a certain day, the project is launched and from that moment the countdown of all the pre-approved and recorded in the smart contract stages begins.

5. The first stage is always the seed round (duration from 1 to 3 months). The Seed round can be closed in any short time.

6. After a successful seed, the project will receive the first tranche.

7. In the period starting from the half of the stage, the linear unlock of the tokens of the current stage project begins, which the angel can brand if necessary.

8. The time of the second stage (the first sprint) is passing.

9. After the end of the second stage, the voting period begins (7 days).

10. Voting takes place only for the negative option, in case there are no claims against the project, the angel does not need to take any action.

11. 1) At the end of the voting period, if there are more than 51% of non-voting votes, then the project is closed and the angels can brand the rest of their funds back. 2) At the end of the voting period, if the non-voting votes are less than 51%, then the project can brand the next tranche.

12. Then the same mechanics are repeated (7-11) for subsequent stages.

13. After all the stages are fully completed and when the project is successful, he can brand all his remaining tokens and dispose of them at his discretion.

BOTTOM LINE: the project has implemented its idea, created a working product, and the angels are co-owners of the current company and a potential unicorn.