Welcome to the elite club of the deep divers - the basedVC Whale Club! This exclusive circle of serious investors is a premier ensemble for those who seek the earliest possible access to the very best deals in the web3 industry. If you crave the thrill of pioneering web3 ventures, this is the hub for you.
<aside> ⚠️ IMPORTANT Currently, there is no basedVC Whale NFT released. Please don’t buy any NFTs that may be linked to basedVC . The only way to access basedVC now is through Current Partner Communities.
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Here's what being a member of the basedVC Whale Club means:
It's important to know that basedVC values the active participation of its Whales. To ensure the vitality of our club and to discourage passive observation, we have an important policy in place.
Every six months, we evaluate all basedVC Whale NFTs. If a Whale NFT hasn't made any investment in the last six months AND there are no active investments associated with it (for example, investments that are still under vesting terms or didn't vest fully), it will be burned. Any staked funds tied to the NFT (if any) will be refunded to the wallet that held the NFT.
This approach is not meant to be punitive, but to maintain an active, engaged group of investors who are committed to the spirit and growth of basedVC. So it is essential to keep this in mind when you become part of our elite club.
However, if you have an active investment – don't worry! No NFT will be burned if there's an active investment associated with it. This is a crucial part of our promise to you as a basedVC Whale.
Given the long lifecycle of seed investments (which typically extends over a year or more), we strongly believe that this won't be an issue for most of our investors. For instance, if you make an investment in March, it will likely still be active when we review NFTs in June, thereby safeguarding your NFT from being burned. This means even if you only make one investment a year, your NFT should remain safe and active.