# Contribution mechanics

The Diamond DAO team is excited to kick off this fundraising round and appreciative of your support.

You'll find instructions for contributing capital below.

## Token breakdown

**Token distribution:**
- Community incentives: 50%
- Team: 25%
- Investors: 25%

Diamond Bank has 10,000 authorized shares. Each share is priced at 600 USDC.

Diamond DAO is selling 18.3% of its shares this round ($1,100,000 @ $6,000,000 valuation)

Participants contribute funds through a membership proposal in Diamond Bank.

After all participants submit their membership proposals we will create deploy a token unlock contract for each wallet address.

We are using this token timelock contract: https://github.com/OpenZeppelin/openzeppelin-contracts/blob/master/contracts/token/ERC20/utils/TokenTimelock.sol

The token unlock contract will unlock `$SHARES/10,000` percent of the Diamond DAO token supply 365 days after the round completes.

Diamond DAO will transition out of DAOhaus to Gnosis Safe + Snapshot (or a comparable governance solution) after the token is unlocked to enable voting.

**Total token supply:** 250,000,000

## Investment mechanics

**1. Go to Diamond Bank's (Diamond DAO fundraising vehicle) profile on DAOhaus:** https://app.daohaus.club/dao/0x1/0x4dee5bb2e919c5c123b74e7919f6c1984a6bc349

**2. Click `Proposals`**

**3. Click `New Proposal`**

**4. Click `The Classics` then click `Membership Proposal`**

**5. Fill out membership proposal**

- `Title` = $YOUR_NAME + `Capital provided`

- `Shares Requested`: `Capital provided / 600`. DAOhaus only allows members to claim a whole number of shares so you may need to reduce your capital contribution to such that the contribution / 600 is a whole number.

- `Tribute Offered`: Capital provided

- `Description`: Optional note

- `Loot Requested` = Capital provided. I.e. `10,000` Capital provided = `10,000` Loot

- `Link`: can use for personal website/website of affiliated entity.

6. Unlock token (h/t Maex Ament)

7. Submit!

8. You may get this error upon submitting --

It is an issue with Metamask, not DAOhaus.
https://ethereum.stackexchange.com/questions/109617/metamask-params-specify-an-eip-1559-transaction-but-the-current-network-does

Try reinstalling the Metamask extension and resubmitting. If you still have questions reach out to ([e-mail]) and I will coordinate with the DAOhaus team to help you.

## Shares / Loot

**Shares**
> Grants voting rights and proportionate ownership of core treasury. Shares are DAO specific and cannot be transfered or traded.

**Loot**
> Grants proportionate ownership of core treasury, without the voting rights.

Shares are for voting. Loot is to protect investors from team members & other key contributors from `Rage Quitting` to claim investor funds.

Investors can permissionlessly exit DAO with a percentage of the Treasury equivalent to the sum of their Shares and Loot divided by Total Shares + Loot Shares.

Read more about `Shares`, `Loot`, and other Moloch DAO primitives here: https://daohaus.club/docs/

## Contact

Please reach out to Jordan ([e-mail], @amphibooly (telegram), 408-859-8003) with any questions about the contribution process.