We are about a week away from the Cofound.it Playoffs, so it’s time to release further Seed stage details from the teams, and more information about the crowdsale process and timeline. There are six participating teams in the Cofound.it Playoffs and each has set their own Seed stage success threshold and hard cap:

Aversafe (Singapore): Credential validation platform; success threshold: $190,000, hard cap: $375,000

(Singapore): Credential validation platform; success threshold: $190,000, hard cap: $375,000 DataFund (Slovenia): Individual privacy platform; success threshold: $150,000, hard cap: $250,000

(Slovenia): Individual privacy platform; success threshold: $150,000, hard cap: $250,000 ENTX (USA): Platform that provides fair market valuations; success threshold: $100,000, hard cap: $300,000

(USA): Platform that provides fair market valuations; success threshold: $100,000, hard cap: $300,000 Legacy (Chile / France): “Smart will” platform; success threshold: $150,000, hard cap: $350,000

(Chile / France): “Smart will” platform; success threshold: $150,000, hard cap: $350,000 Media Sifter (Denmark): News aggregator platform; success threshold: $175,000, hard cap: $375,000

(Denmark): News aggregator platform; success threshold: $175,000, hard cap: $375,000 UNICO (Italy): Digital scarcity platform; success threshold: $150,000, hard cap: $350,000

All figures are in USD. Each team will share additional details of its crowdsale on their blog before the Seed stage begins.

Seed stage timeline

The key checkpoints in the Seed stage are:

Priority check time [Nov 29 @ 10 AM CET]: At this time, the whitelist for each Seed stage crowdsale is compiled. Requirements to be whitelisted: Cofound.it account with a linked walled containing 5,000 or more CFI tokens.

[Nov 29 @ 10 AM CET]: At this time, the whitelist for each Seed stage crowdsale is compiled. Requirements to be whitelisted: Cofound.it account with a linked walled containing 5,000 or more CFI tokens. Phase 1 start [ Nov 30, at 10 AM CET]: Limited contributions begin for whitelisted members. You’ll be able to support each Seed project up to your individual contribution limit — the limit is based on amount of CFI held and will be shown on each project page during Phase 1. Phase 1 is capped at 90% of the Seed stage hard cap.

Nov 30, at 10 AM CET]: Limited contributions begin for whitelisted members. You’ll be able to support each Seed project up to your individual contribution limit — the limit is based on amount of CFI held and will be shown on each project page during Phase 1. Phase 1 is capped at 90% of the Seed stage hard cap. Phase 2 start [Nov 30 @ 6:30 PM CET]: Unlimited contributions begin for all whitelisted members. You’ll be able to send unlimited funds to each project in Phase 2.

[Nov 30 @ 6:30 PM CET]: Unlimited contributions begin for all whitelisted members. You’ll be able to send unlimited funds to each project in Phase 2. Phase 2 end [Dec.1, at 4 PM CET]: The Seed stage is completed and contributions are no longer accepted. Phase 2 can end early for a project if it reaches it Seed stage hard cap.

All teams will be appearing on stage at the Cofound.it Playoffs in Ljubljana closing out Phase 1 with on-stage interviews. Phase 2 will then immediately kick off and if you’re not in the crowd, it can be viewed via the global live stream.

The Seed stage is all about validating the initial idea

For Seed teams, the Seed stage is the first challenge in their crowdsale journey. It is an opportunity to validate their initial idea among early supporters. The ability to connect to supporters is one of the key challenges in a startup’s journey. The Cofound.it Seed is designed to give projects an early chance to connect to you, the community.

If a Seed project doesn’t reach its success threshold during the Seed stage, all contributed funds will be returned to the project’s supporters. The teams that do not pass your test will then have the opportunity to rethink their strategy, hone their vision and perfect their product. Perhaps they might even try for another crowdsale in the future..

Teams that have enough support to reach their success threshold during the Seed stage will hold their Main stage crowdsale by July 2018. In the months between the Seed stage and the Main stage, a successful project will have the opportunity to use its initial Seed funds to complete the team and develop the first version of the product.

Crowdsale Main stage, token distribution, and Seed bonus

In the Main stage of the crowdsale, the project will aim to raise additional funds enabling them to grow the team and establish itself as a successful business. The project’s tokens will be distributed at the end of the Main stage — the end of the entire crowdsale process.

All Seed stage supporters will be able to keep track of their Seed contributions on the Cofound.it platform. The amount of contribution at the Seed stage will be doubled in tokens at the end of the Main stage. Example: 1 ETH Seed stage contribution will give you 2 ETH worth of tokens at the end of the Main stage.