Membership

Own.fund Formation

At launch, prospective members are able to contribute funds in DAI or USDC during a deposit period. Once this deposit period ends, the first capital raise is considered complete. Subsequent to their receipt, contributions made to the fund will then progressively be allocated to investments in projects and products, resulting in their transfer out of the fund's control in exchange for other digital assets or promissory notes that constitute its investments.

The OWN Token

The OWN token acts purely as a voting token of the Own.fund. Fund members participate in the decision making process by voting from accounts holding these tokens, with vote weight being a function of the number of OWN tokens held (proportional to their contribution to the fund).

Know Your Customer (KYC)

Members of the Own.fund will be required to complete KYC requirements for the purpose of anti-money laundering and sign an Own Fund Agreement. The KYC process entails:

• Completing a standardized questionnaire.

• Providing a certified copy of the member's passport or other government issued photo ID.

• Providing a certified copy of recent utility bill (no more than 3 months old) or other proof of address.

This occurs during a process of registering and validating members, tying the Ethereum address used to make the contribution.