Explanation of Expenditures
Investment Pool A The wallet for Pool A investment activities will be funded with $75,000. It has been predetermined that Pool A will focus on investing in pre/private sales found on the Vetter Ecosystem CrowdX calendar.
DEX Liquidity A DTC-BNB liquidity pair will be created on Pancakeswap. The equivalent of $65,000 in BNB will be locked in the liquidity pool along with 2,362,500 of our native DTC token.
Front end operations These funds will be transferred to the operations wallet and used to cover startup expenses such as website development, web hosting, filing fees, legal fees, computer hardware, software licensing and various other business expenditures. This wallet will be used moving forward As the Ops wallet to cover the day-to-day costs of doing business.
Startup Pre launch cost These are the costs associated with forming the legal entity, filing for trademark, developing the token contract, KYC services, audits, prelaunch development, R&D testing and other hard costs. They also cover expenses related to seeking professional tax and legal advise and other soft costs associated with formation.
Development Funds sent to the development wallet will be used to build out smart contracts and other software assets, this could include research and development. We plan to build, fund and/or acquire technology to make our trading more efficient, give the club a competitive advantage and drive long-term success. See development goals for additional information.
Purchase of $VETTER Investment Pool A’s focus is investing in CrowdX calendar listed projects and projects launching off of Vsale and Skylabs. Defi Trading Club will purchase/hold/custody enough Vetter for D3 access to the CrowdX calendar. This gives the club access to the calendar, the ability to vote, the opportunity to tip and the option of scouting/vetting projects. It also gives the club the opportunity to support and promote the Vetter Ecosystem who ultimately brought us all together and helped us meet all these incredible investors.
Purchase of $VSL Pool A will look to hold the #1 staking position on Vetter's Skylabs. This will give the club roughly a 1.4% allocation into all projects that launch off of Vetter Ecosystem’s Skylabs high quality launchpad. The Defi Trading Club core team believes that we will consistently see innovative tech projects launching from Skylabs by Q3 2023. This move will position Pool A to have access to the highest quality launches as the market starts to turn bull and developers start releasing projects that they slow played during the bear market.
Investment Pool B The wallet for Pool B investment activities will be funded with $75,000. We feel it is paramount for long-term success that investments are diversified, so Pool B will focus on swing trading micro-cap crypto. All subsequent investment pool themes will be chosen by community vote.
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