Our funding process is carefully structured into three distinct stages to ensure the successful development and launch of Social Atoms and Vistideo. Each stage is designed to build upon the previous one, allowing us to allocate resources efficiently and meet key milestones.
Funding Stages
Minimum Viable Product (MVP) Stage
Diamond Pricing: US$1 per diamond
Sales Limit: 500,000 diamonds available
Purpose: The MVP stage focuses on developing and launching the core features of our platforms. This stage involves creating the essential functionalities and laying the groundwork for future enhancements. Structure: By concentrating on the MVP, we ensure that we build a solid foundation with the necessary features to test and validate our concept. This approach allows us to gather initial user feedback and make informed decisions before expanding further. Development Costs: Design, development, and initial testing. Technical Infrastructure: Setup and maintenance of servers and databases. Marketing: Initial campaigns to build awareness.
Testing Stage
Diamond Pricing: US$2 per diamond
Sales Limit: 500,000 diamonds available
Purpose: During the Testing stage, we refine and enhance the platforms based on comprehensive testing and user feedback. This phase is crucial for identifying and addressing any issues, ensuring a polished and user-ready product. Structure: By dedicating a separate stage to testing, we can focus on quality assurance and user experience improvements. This stage allows us to implement necessary changes and prepare the platforms for a successful public launch. Refinement and QA: Further development and quality testing. User Feedback: Collect and analyse feedback for improvements. Expanded Marketing: Increase efforts to build momentum.
Launch Stage
Diamond Pricing: US$5 per diamond
Sales Limit: 1,000,000 diamonds available
Purpose: The Launch stage is where we officially introduce Social Atoms and Vistideo to the public. This stage involves scaling operations, executing major marketing campaigns, and providing ongoing support to users. Structure: The final stage focuses on broadening our reach and ensuring that the platforms can handle increased user activity. This structured approach ensures that we are fully prepared for a successful market entry and sustained growth.
Each stage is designed to build momentum and ensure that we meet our development goals while efficiently managing investor funds. By progressing through these stages, we aim to deliver a high-quality product that meets the needs of our users and sets the foundation for long-term success. Full-Scale Operations: Complete development and operational scaling. Major Marketing Campaigns: Extensive marketing to maximise reach. Continued Improvement: Post-launch support and enhancements.
Escrow and Refund Policy
Escrow Account:
Funds from diamond sales are placed into an escrow account until all shares in a given funding stage are sold.
Once the sales target for a stage is met, the funds are released to complete that stage of development.
Refund Policy:
Pre-Completion: Purchasers can request a refund if the funding stage has not been completed and released after a 3-month period. Post-Completion: Refunds are not available if the funds have been released. However, if there is a waiting list for diamonds in the next stage, diamonds can be sold to waiting buyers through our processes.
Resale Process:
Resale to Waiting List: Diamonds can be resold to investors on the waiting list for the next stage. Diamond Mine: Once the platform reaches the launch stage, a “diamond mine” feature will be implemented, allowing users to find, bid on, and purchase diamonds as they become available. This will include a section for buying and selling diamonds.
Base Value:
Valuation: Diamonds will have a base value of 0.00001% of the company’s total value, calculated quarterly.
Security and Transparency
Secure Transactions: All transactions are protected with robust security measures to safeguard investor funds and personal information. Transparency: Regular updates will be provided on the use of funds and the progress of each development stage.
