Demos
Sector
Round Size ($USD)
$400,000.00
Post Valuation
$4,000,000.00
Stage
Existing Commitment
Deal Type
Deal Stage
Deal Status
Ecosystem
Founder Name
Deal Source
Min Investment
$10k angels, $50k syndicate
Discord Thread Link
Website
Investment Memo / Deck
Data room
Date Approached
Aug 28, 2023
Description
Demos is building a solution for sybil attacks in web3 with a human gating system. It ensures that each wallet has a human attached.
TGE date
Twitter
Description
Demos is a Biometric Proof of Personhood protocol offering authentication and verification biometric services to prevent Sybil attacks and identify bots. Demos solution incorporates a browser-based sign-up, is privacy-preserving, and scalable.
Demos offers three services:
- OnlyMeId - Sybil Resistance (Authentication). Users authenticate themselves and mint soulbound tokens as a universal identifier. Use cases: Token airdrop, DAO governance, community chatrooms.
- OnlyMePulse - Proof-of-personhood (Authentication + Verification). Users are authenticated and then verify their accounts with biometrics. This eliminates bots and the possibility of accounts being sold or shared. Use cases: Token launchpad, questing platform, quadratic funding.
- OnlyMeGate - Human gating (Verification). Users perform selfie verification to confirm personhood. This eliminates bots and does not require an account or a database. Use cases: Web3 gaming, competitive NFT drop, polling/voting.
Go-to-market
Demos go-to-market strategy:
- Incentivization adoption of Demos
- Airdrop of $DEM to every user signup
- On-chain token offering to OnlyMeID users
- Developer integration
- One-code integration
- Comprehensive developer documentation
- The multi-chain rollout of OnlyMeID
- Community Activation
- Onboard community members
Revenue model
Demos are planning two pricing options - 1) a global one-time signup that users pay for accreditation, and 2) a SaaS subscription model for projects that require an isolated database.
Funding
$400k at $4mm pre-seed SAFE + token warrants @ 50% pro rata rights to token network
Token price: $0.32
Token supply: 1,250,000
Minimum commitment: $10k angels, $50k syndicates
Closing date: 2 weeks more
Total commitments: $120k, $120k verbal
Next round is a VC round: $2mm at $10mm SAFE + token warrants @ 50% pro rata rights
Delaware corporation - SAFE + token warrant.
Off-shore foundation for token deployment.
Data Room