## **Introduction**

**NEARStarter & FMFW.io - The Genesis of MetaFi**

FMFW.io is decentralizing its platform into a powerful MetaFi Ecosystem. Merging FMFW.io's powerful centralized trading platform with the state-of-the-art DeFi stack and decentralized platform governance, FMFW.io is set to leverage its existing user base, deep industry expertise and oceans worth of liquidity to create a MetaFi hub for a number of emerging networks. The FMFW.io team knows that hybrid embrace leads to success. Creating a holistic MetaFi layer and catalyzing the on-chain liquidity for the NEAR ecosystem is the first step.
We are proud to present NEARStarter — the launchpad component of FMFW.io’s incubation, acceleration, and funding system for projects deploying on the NEAR Protocol.


## **The ecosystem**

Which products will compose the NEARStarter/FMFW.io ecosystem?
- The FMFW.io MetaFi Eexchange: battle-tested and liquid - our new model exchange will form the core of our ecosystem.
- The NEARStarter Incubator: Our accelerator program for projects on the NEAR ecosystem and driving force for innovation.
- The NEARStarter Launchpad: A springboard for a project’s public funding round.

**How is NEARStarter contributing to the NEAR and overall blockchain ecosystem?**

FMFW.io and NEARStarter will act as a full end-to-end platform, enabling rapid innovation and project growth from concept to MVP, followed by funding rounds, and all the way through to secondary market trading and beyond. In this way FMFW.io will act as a gateway for the community to the most impressive projects launching on NEAR blockchain, growing its DeFi ecosystem exponentially with quality dApps. All projects launching with us are subject to a comprehensive and rigorous due diligence process - NEARStarter and FMFW.io will act as a gateway for the NEAR community to the most impressive projects launching on the protocol, growing NEAR’s DeFi ecosystem exponentially with quality, high-value startups.

**What is the NEARStarter’s team motivation?**
We believe that bringing nearly 300,000 FMFW.io’s users, deep liquidity and impressive feature set on-chain will not only future-proof our business - but also allow us to provide a more complete, end-to-end service to our users and projects looking to build on NEAR blockchain.

**Why NEAR?**

As a highly interoperable chain that is both secure and cost effective, NEAR was a natural choice for us and allows us to achieve the full vision of our ecosystem. NEAR is simple to use for both users and developers, with features such as human-readable account names and the use of industry standard, general purpose programming languages for simplicity of development and ease of adoption.

In order for NEAR’s ecosystem to reach its full potential, greater numbers of trustworthy, high-quality projects must be built and used on NEAR.

**Who will benefit from the platform?**

The primary beneficiary will be the NEAR community itself - NEARStarter will provide its users with access to the latest and greatest projects launching on the chain. Our IDOs will carry the weight of our experience in the space through our rigorous due diligence requirements, ensuring only trusted teams and real opportunities make it to NEAR community investors. Global NEAR guilds as well as our extensive list of future partners will also benefit from the success and impact created by NEARStarter.

**How will NEARStarter incentivize its community?**

$NSTART Token plays a crucial role in incentivising the community. It provides access to special features such as high-yielding pools, IEO allocations, reduced fees, IDO access, exposure to all tokens launched in our NEARstarter launchpad through the index pool, earn rewards by staking $NSTART, and active participation in FMFW.io platform governance.
Please make sure to read our roadmap for more information on our development phases.

**Why do NEARStarter and FMFW.io have strategic partnerships with Venture Capital organizations?**

We chose to work closely with established venture capital partners to ensure that we have the expertise and funding in place to maximize our chances of early success. Due to the complexity and vision of the FMFW.io MetaFi ecosystem, we required access to VCs with deep funding profiles to ensure we were well placed for success from our inception. VC partners take on a significant amount of risk by investing into early-stage projects. They also provide opportunities and insights that are instrumental to the launch of such a visionary platform.

## **NEARStarter Roadmap**

Q3-Q4 2022:

- Launch of the core PAD product on Aurora
- Launch of the core PAD product on native NEAR
- Collecting community feedback, various UI/UX upgrades
- $NSTART TGE and IDO
- $NSTART CEX token integration on FMFW.io
- Launch of the NSTART Index Token ($NALPHA) and enabling its farming
- Launch of basic DAO features (voting on projects/FIP forum)
- Development of NEAR native DEX + ongoing ZK research
- First 3 IDOs following the own $NSTART TGE
- Cross-chain deployment of IDO funding
- Integration of $NSTART token into IEO module on FMFW.io
- Tokenizing NEARStarter Incubator operations
- NFT-based socialFi platform centered around incubated projects

Q4 2022 — Q1 2023:

- Launch of NEAR native DEX
- Launch of beta NEAR native ZK roll-up
- Cross-chain deployment of $NSTART staking

2023:

- ZK-based Hybrid exchange (CEX+DEX) with centralized matching and decentralized settlement

## **NEARStarter Launchpad**

**What is a Launchpad?**

A Launchpad is a decentralized funding platform. Through this launchpad, the next-generation of NEAR-based dapps, games and other disruptive projects will undertake significant capital raises through our IDO capabilities.

**What is an ‘IDO’ and why is NEARStarter using ‘IDOs’?**

An IDO is an acronym for Initial Decentralized Offering. The sale of newly launched tokens is done via a decentralized mechanism which ensures transparency and equal access opportunities.
The IDO mechanism offers a myriad of benefits, such as previously mentioned transparency and equal access, but also programmability of the IDO conditions—such as maximum allocation per user, time period of the fundraising process, terms of IDO termination, and more.
It ensures that both the users and the team performing the fundraising get the most benefits, all the while using a much more efficient system than an old-school crowdfunding.

**What kind of tier system does NEARStarter use?**

There are three different membership tiers we have at NEARStarter:

- SECTOR ETERNITY
- SECTOR SYNTH
- SECTOR CYBERPUNK

Tiers within the Sector Cyberpunk include:

1) Cybernoir
2) Biopunk
3) Nanopunk
4) Solarpunk
5) Lunarpunk

You can read all the details about our unique participation tier system in a dedicated article here: https://medium.com/near-starter/tier-system-understanding-nearstarters-membership-hierarchy-1204a3af229f

**What is an ‘IEO’ and why is FMFW.io using ‘IEOs’?**

IEO, or Initial Exchange Offering, is a variant of initial coin offerings, operated directly by cryptocurrency exchange. In terms of FMFW-launched project, following successful IDO, the next step is an IEO exercise through FMFW's price discovery engine and a subsequent listing on the FMFW.io Exchange.

**When will NEARStarter launch its first components?**

The NEARStarter platform is about to start in Q3/Q4 2022 and its very first utility will be the IDO of our very own $NSTART token. We have already started onboarding the first promising NEAR-centric projects via our Incubation and Launchpad services.

Our centralized part - one of the leading centralized exchanges in the crypto industry FMFW.io exchange is live since 2019. More features will roll out in accordance with our product roadmap phases. Please see our product and technical roadmap for more insight into our scope and delivery timelines.

## **How do I apply my project for an IDO?**

To begin the process, please fill in this form to give us basic information about your project.
What is KYC?
KYC is an acronym for ‘Know Your Customer’ and it refers to the process of identity verification of each person participating in funding rounds on Launchpad. The KYC process is geared towards ensuring that NEARStarter members are in compliance with anti-money laundering requirements and anti-terrorism financing rules, in addtion to being politically-exposed persons or residents of restricted jurisdictions.

**How do I perform KYC?**

To begin the KYC process, click here. KYC service is provided by a 3rd party company specialized in that matter. Your data is not sent directly to NEARStarter or FMFW.io, we just receive confirmation that your identity is valid.

**Do I need to perform KYC for every IDO?**

No, you are only required to undergo the KYC process once.
How long do I need to wait for KYC approval?
It takes the KYC company usually only a few minutes to verify your data and provide documentation but in some cases it may take up to 24 hours. You should receive an email with confirmation of success. Then, please wait up to 24 hours to have that mirrored on the NEARStarter website. Remember that KYC process is required only once.

**How do I know if I passed the KYC process?**

You will receive the success message instantly or after a few hours right to your registered email address. You are also able to see your KYC status on NEARStarter dApp.

**Who can participate in an IDO? Are there any prohibited jurisdictions?**

NEARStarter welcomes everyone to apply and participate in public IDOs - once you have completed KYC and have the minimum $NSTART requirements for each IDO.
You will not be able to complete KYC and participate in IDOs if you are resident in certain restricted prohibited jurisdictions that includes the following countries: Cambodia, Ghana, Afghanistan, Mauritius, Myanmar, Nicaragua, Pakistan, Senegal, Syrian Arab Republic, Yemen, Iran, North Korea, United States of America, United States Minor Outlying Islands.

**What is the NEARStarter Index Token $NALPHA?**

A percentage of each successful IDO will contribute some of the project's tokens towards the NEARStarter Index Token which thus becomes backed by a basket of tokens from all IDOs. This way, token HODLers will benefit from general NEAR protocol ecosystem exposure, with a special focus on new, innovative solutions carefully picked by the team during strict due diligence process and incubation.
Important: owning and benefiting from NEARStarter Index Token does not require passing KYC.

**NEARStarter Incubator & Accelerator**

## **What is an incubator?**

Incubators help entrepreneurs refine business ideas and build their company from the ground up. They provide early-stage companies with the education, resources and mentorship expertise needed to promote what might otherwise be several slow years of growth into a few short months.
We at NEARStarter are ready to onboard projects at various stages of development and deploy our massive network carrying them all the way from concept formulation through MVP building on to successful funding rounds led by reputable VCs, IDO and beyond.

**Are you already incubating projects?**

NEARStarter already has several projects in the pipeline and the first set of projects will commence their IDOs within the next few months.
How do I apply my project for Incubation?
We encourage you to share with us your ideas, regardless of the current phase of development. Head to our webpage and click “Apply for IDO” from the header menu.

**What does the incubation process on NEARStarter look like?**

We onboard projects at various stages of development and we support the projects, carrying them all the way from concept formulation through to MVP building and funding rounds led by reputable VCs, IDO and further.
During the NEARStarter incubation process, projects go through several distinct phases, namely: Pre-fundraising, Pre-launch, Project Development, Marketing and Community building support, and PR support for IDO.
You can read more about it below and in our dedicated blog article: https://medium.com/near-starter/inside-look-into-nearstarer-incubation-process-c17c43dd072c

**Pre-fundraising**

This stage includes a review of the project’s legal setup to determine its suitability for fundraising, products and market entry.
It also includes product formulation, introduction to partners, whitepaper and documents review, as well as token economics review.
Furthermore we assist with introduction to institutional investors, seed and private rounds participants, capitalization table monitoring and management.

**Pre-launch**

It includes advising on setting up an end-to-end IDO process. Our team also helps with deployment and technical audits.

**Project Development**

At this stage, the NEARStarter Incubation team provides technical support including: codebase, infrastructure, change management and roadmap.

**Marketing and Community Building Support**

This stage is very important - community is the main key behind every project.
We assist in building the marketing roadmap, tech release plan, community engagement program, SMM strategy, ambassador programs and so on.

**PR Support for IDO**

We help projects develop a detailed plan of PR strategy with various communication activities and campaigns reaching beyond IDO.

Having gone through all the stages of the incubation process, the project is fully ready to launch an IDO on the NEARStarter launchpad.

**$NSTART token and tokenomics**

## **NSTART token utility**

$NSTART token is the fuel that fires the NEARStarter system and its utility will evolve even further in the future. $NSTART allows users to participate in our IDOs, as well as our staking and rewards mechanisms.

Allocation tiers for our IDOs are dependent on the amount of $NSTART tokens staked by the user, and with multiple tiers available, access to our platform is available to the entire NEAR community. Read more about our unique tier system here: https://medium.com/near-starter/tier-system-understanding-nearstarters-membership-hierarchy-1d767098b4d0

Institutional Investors, and anyone with significant amounts of $NSTART tokens staked, will gain access to unique institutional tiers, and pre-money access rounds.

In addition to our tier system, users may also burn an amount of $NSTART tokens to obtain guaranteed access to a specific IDO. After any successful IDO, a burn of $NSTART tokens will occur, reducing the available supply even further.

A unique additional token (called NEARStarter Index Token) will be available to our users, this token will be backed by all project tokens launching on NEARStarter — effectively indexing the value of our platform.

$NSTART token will bring its owners utility in a wide range of FMFW.io products. These include:

**FMFW.io Exchange**

- Stakers gain access to Initial Offerings on the FMFW.io Exchange
- Stakers get reduced trading fees and rebates based on their trading volume
- Stakers get to vote for subsequent token listings and projects entering the incubator (governance)
- Stakers gain access to the premium high-yield staking pools
- Part of the exchange profit will be used to burn the $NSTART token.

**NEARStarter**

- FMFW allocation tiers are dependent upon the amount of $NSTART tokens staked
- Users may burn a portion of their $NSTART tokens to obtain a guaranteed allocation for a specific IDO
- Upon successful completion of an IDO, a burn of $NSTART tokens will occur
- $NSTART stakers will also automatically farm the FMFW Index Token which is backed by all IDO tokens (see above)
- Institutional investors and stakers with significant amounts of $NSTART token will gain access to specific institutional-tiers and pre-money access rounds
- What’s the $NSTART token burning schedule?
- $NSTART token burn will be carried out in accordance with the following halving schedule:

Q1 of Operation: 50% of profits
Q2 & Q3 of Operation: 25% of profits
Q4 to Q8 of Operation: 12.5% of profits
Q9 and every quarter after: 6.25% of profits

**What’s the difference between pre-money financing and public IDO stages?**

Pre-money financing, also known as ‘private/seed sale’ is a token sale round reserved for particular members or groups of investors. Usually it involves slightly different prices per token and prolonged vesting schedule. NEARStarter members can become eligible for pre moneypremoney rounds by staking significant amounts of $NSTART.

## **Tokenomics**

- Initial circulating supply: 1,850,500 $NSTART

- Initial market cap: $370,100

- Total Supply: 100,000,000 $NSTART

**What are Vicious Fishes NFTs?**

Vicious Fishes are an original NFT collection brought to you by the NEARStarter team. Every NFT from this collection brings unique utility in the NEARStarter ecosystem. It will grant the holder an allocation of our native token $NSTART equal to the listing price of your NFT, at a price-per-token equal to that of our IDO. And that is just the beginning…

At first there are three basic types of Vicious Fishes: NEARanhas, SteamSharks and CyberWhales.

You can read our introductory blog article here: https://medium.com/near-starter/the-vicious-fishes-have-landed-9d40dc470972 and detailed explanation here: https://medium.com/near-starter/nearstarters-vicious-fishes-are-emerging-from-the-depths-52f021fcdb32.

## **Team**

Where can I find more information about the team?
NEARStarter team is focused on sourcing the best projects with an intent to launch on NEAR, bring round those projects that doubt to the realm of NEAR Protocol and vet the concepts facilitating orderly delivery of the promised tech and ecosystem capabilities.

The backbone of NEARStarter is our development team, a group of highly-capable, industry hardened scientists, engineers and programmers. The rest of our team members and advisors are listed in the ‘Team and Advisors’ section of our website. You can also find out more about our team members on their public LinkedIn profiles.

**What is the best way to contact the team?**

Our team can be contacted through our Contact Form on NEARStarter website. Please visit https://nearstarter.fi, on the left side at the top click the ‘Contact’ button. We will try to respond to all queries as soon as possible.
Please note - if you are a service provider pitching to NEARStarter, we are already receiving an incredibly high volume of requests and we cannot guarantee your proposal will be responded to if we are not currently interested in pursuing a working relationship with you. Our core focus at this time is bringing our components to market. We save all the details and may get back to you when your service is considered helpful - therefore, please prepare your best offer!

**Join the NEARStarter team**

As a team of passionate, open-minded people we are happy to get acquainted with qualified enthusiasts who share our vision of NEAR Protocol as a leading distributed technology provider in the following years. Please check our “Careers” tab on NEARStarter.fi or simply mail us your CV/Resume!

## **$NSTART IDO and Listing**

The $NSTART IDO will happen on our very own NEARStarter Launchpad!

Initial circulating supply: 1,850,500 $NSTART

Initial market cap: $370,100

Total Supply: 100,000,000 $NSTART

Audits