Convertible Loan Agreement

HOPR DAO 0.7
1

In case it’s got lost in the main thread, the link shared by HOPR Founder @SCBuergel to the convertible note agreement is here:

Convertible Note

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Thanks!

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thank you

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Thanks

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In 4.3 what method is actually used to determine the valuation?

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Hi, the valuation isn’t actually set at this time. The conversion (which sets the valuation) will happen at the first actual investment round. The HOPR Community Trust will then get a 50% discount and end up with 10-24% of the shares. These limits effectively impose lower and upper bounds of the effective valuation from the total investment of $3m and the shares are 19-24%.

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Checked :)