The Fundraiser’s Flow

In both cases, Fundraisers create the pool smart contract using the Scaleswap framework. In later versions, we plan to add escrow and milestone acceptance by our Sourcing Circle with public reports for all the pool members. After the pool smart contract is ready, Fundraisers link their wallet to it via MetaMask via browser or (since recently) via MetaMask Mobile [Knowles-Rivas] and create a pool profile with Scaleswap via our dashboard. We do not control the linked wallet. Therefore, Fundraisers are the only ones wholly responsible for keeping it safe and secure.

Any fundraising campaign has a soft cap and a hard cap [Ismael]. We require a pool to reach a soft cap for funds to be automatically released to the linked wallet. The pool campaign closes either when it reaches the hard cap or when the fundraising deadline is over. If no withdrawal occurs within three months after the pool campaign closes, we automatically transfer the pool amount to a backup wallet.

We notify all pool participants (called “swappers” in our internal ecosystem lingo) of all the key events within the pool, such as admittance to the whitelist, pool launch, reaching soft/hard cap, or the fundraising deadline. We describe the swapper’s flow below after introducing our reader to several important (and somewhat innovative, we dare to write) concepts.