The innovative Cofound.it Seed program is tailored to early stage blockchain startups. Only Priority Pass members are able to participate in Seed stage and because these teams are at an earlier stage of development, all Seed supporters will receive a 100% bonus on their contributed funds (in ETH). And by crowdfunding a smaller round from the most engaged supporters, Cofound.it Seed teams will be able to quickly validate their business idea, raise enough funds to complete the team, and continue work on their product in preparation for a later, full crowdsale.

Crowdsales for the first teams to go through the Seed program will start on November 30 at the amazing Cofound.it Playoffs. We are making blockchain history — no one has ever done anything like this before and only Priority Pass members will be able to reap the full benefit and extra bonuses by participating in this event.

Cofound.it Seed bonuses for supporters

As a Seed supporter you will receive a 100% bonus on ETH sent. The bonus will be taken into account in the token distribution after the public crowdsale. 1 ETH sent during the Seed stage will be worth 2 ETH of tokens during the public crowdsale. The teams must hold a public crowdsale using utility tokens by July 2018 (but most are expected to hold it in a few months).

During the Seed stage, projects are typically raising between $100,000 and $300,000. The Seed stage of the crowdsale will be structured as usual: Phase 1 with limited contributions and Phase 2 with unlimited contributions. The public phase will follow in a few months as part of the full crowdsale.

Cofound.it Seed eligibility for Priority Pass members

In the future, access to Seed crowdsales will be limited based on loyalty, taking both the CFI holding and previous crowdsale support into account. To celebrate our first Seed crowdsales, we have decided to open access to the first round of Seed crowdsales during the Cofound.it Playoffs to all Priority Pass members. If you hold more than 5,000 CFI tokens in your wallet in the days before the event, you will be able to fully participate in the Cofound.it Playoffs.

To guarantee you can participate in the upcoming Seed crowdsales during the Cofound.it Playoffs make sure you activate your Priority Pass before the counter on our website runs out! If you need help getting more CFI to activate your Priority Pass, follow the advice in our help center.