The Creator of the Fund who is the primary beneficiary
The Donors or Subscribers to the Fund who are secondary beneficiaries
How To Create A Susu Fund
A Susu Fund may be created by anyone who has connected a compatible Web3 Wallet to the Susumi Platform and signed up for a Susumi Account.
The Web3 Wallet must contain Tokens sufficient for payment of the Initial Stake and for network Gas Fees.
A User may only have one active Susu Fund at any time and cannot create multiple Susu Funds on the Platform.
Steps in the Fund Creation Process:
The Creator enters the amount to be raised in USD Stablecoins by entering the Susu Value.
The Creator deposits an amount of $SUSU+ Tokens as an Initial Stake. The amount of the Initial Stake depends on the category of the Susu Fund being created.
The Fund is published on the platform and ready to receive donations.
Upon Maturity of the Fund the Fund Creator can claim all the Stablecoins donated to the Fund through his Wallet (less the Platform Transaction Fee)
The Donors to the Fund receive $SUSU+ Reward tokens equivalent to the value of their USD donations at the time the donations were made.
If the Fund does not mature within the Tenor period of the Fund then all transactions are reverted and all Users can withdraw their Tokens from the Fund. Nobody loses any tokens and the Platform charges no fees.
How To Donate To A Susu Fund
Anyone who has connected a compatible Web3 Wallet to the Susumi Platform and signed up for a Susumi Account can donate or subscribe to a Susu Fund.
The Subscribers to the Fund donate USD Stablecoins equivalent to the amount of the Slot Value into each Slot.
All USD Stablecoins paid into the Fund are held in escrow in the Smart Contract until the Fund matures.
Subscribers cannot withdraw their donation until the Fund expires or matures.
A Donor may donate only once to a particular Susu Fund but may donate to multiple Susu Funds simultaneously if desired.
Steps in the Donation Process:
The user must connect a compatible Web 3 Wallet with sufficient USD stablecoin Tokens plus Gas Fees in the Wallet
The user selects an active Susu Fund to join.
The user clicks the 'Donate' button to donate the required amount to Susu Fund
User approves transfer of stablecoin Tokens from User’s Wallet into Susumi Smart Contract for the selected Fund.
Upon Fund Maturity the Subscriber's Susumi Account is credited with Reward $SUSU+ Tokens worth 100% of the USD donation.
Reward SUSU Tokens enter a Vesting Period in the Subscriber’s Susumi Account for 100 Days and then are claimed through the Subscriber’s Web 3 Wallet.
Susu Fund Operation: Process Diagram
Fund Creator stakes $SUSU+ Tokens to activate the Fund
Subscribers donate USD into the Fund Escrow
Expired Fund if all Slots are not Subscribed within Tenor. All transactions are reverted.
Matured Fund if all the Susu Slots are Subscribed
Initial Stake in $SUSU+ Tokens are deposited into the Smart Contract and may be claimed by eligible Subscribers.
Reward $SUSU+ Tokens are issued from Smart Contract to be claimed to Subscribers' Wallets upon maturity of the Fund
Donated Stablecoins are claimed by the Fund Creators Wallet upon maturity of the Fund
Transaction Fees in USD are transferred to the Platform Wallet after the Fund Creator has claimed the proceeds of the Fund
