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style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/4iaQD0DPbD.webp\" alt=\"\u94fe\u4e0a\u7684 AngelList\uff1aCrypto \u79c1\u52df\u6295\u878d\u8d44\u7684\u65b0\u65f6\u4ee3\" width=\"1080\" height=\"685\" \/><\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4e3e\u4e00\u4e2a\u4f8b\u5b50\uff0c\u5728 2006 \u5e74 Google Docs \u53d1\u5e03\u4e4b\u524d\uff0cWord \u8fd9\u7c7b\u7684\u6587\u5b57\u5904\u7406\u5e94\u7528\u7a0b\u5e8f\u90fd\u662f\u79bb\u7ebf\u7684\u672c\u673a\u5e94\u7528\u7a0b\u5e8f\u3002\u5982\u679c\u6211\u60f3\u9080\u8bf7\u5176\u4ed6\u4eba\u5171\u540c\u7f16\u8f91\u4e00\u7bc7\u6587\u7a3f\uff0c\u6211\u53ea\u80fd\u5c06\u6211\u7684\u6587\u6863\u5bfc\u51fa\u4e3a .doc \u6587\u4ef6\uff0c\u7136\u540e\u53d1\u9001\u7ed9\u5176\u4ed6\u4eba\uff08\u4f8b\u5982\u7535\u5b50\u90ae\u4ef6\uff09\uff0c\u4ed6\u4eec\u5c06\u6587\u4ef6\u5bfc\u5165 Word \u5b8c\u6210\u7f16\u8f91\uff0c\u7136\u540e\u5c06\u7f16\u8f91\u597d\u7684\u6587\u7a3f\u518d\u6b21\u5bfc\u51fa\u4e3a .doc \u6587\u4ef6\u5e76\u53d1\u9001\u7ed9\u6211\u3002\u6211\u9700\u8981\u9010\u4e2a\u6253\u5f00\u6240\u6709\u4eba\u7684\u6587\u7a3f\uff0c\u6c47\u603b\u6240\u6709\u4eba\u7684\u7f16\u8f91\u5185\u5bb9\u6700\u7ec8\u5f62\u6210\u6700\u7ec8\u7248\u672c\u3002\u800c\u8fd9\u6837\u7684\u8fc7\u7a0b\u5f80\u5f80\u9700\u8981\u91cd\u590d\u5f88\u591a\u6b21\uff0c\u7b80\u76f4\u5c31\u662f\u707e\u96be\u3002Google Docs \u5c06\u6211\u4eec\u5e26\u5165\u4e86\u4e00\u4e2a\u5168\u65b0\u7684\u65f6\u4ee3\uff0c\u6b63\u5982\u4f60\u4eca\u5929\u770b\u5230\u7684\uff0c\u6211\u4eec\u4e0d\u4ec5\u53ef\u4ee5\u591a\u4eba\u5b9e\u65f6\u7f16\u8f91\u548c\u4fee\u6539\u3001\u5b9e\u65f6\u8bc4\u8bba\u548c\u8ba8\u8bba\uff0c\u8fd8\u53ef\u4ee5\u5728 Google Docs \u8c03\u7528\u4efb\u4f55\u88ab\u652f\u6301\u7684\u7b2c\u4e09\u65b9\u5e94\u7528\u7a0b\u5e8f\uff0c\u4f8b\u5982\u63d2\u5165\u4e00\u4e2a Google Sheet\u3001\u4e00\u6bb5 Youtube \u7b49\u3002\u8fd9\u5c31\u662f\u5728\u7ebf\u6240\u5e26\u6765\u7684\u5de8\u5927\u6539\u53d8\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u800c\u79c1\u52df\u6295\u878d\u8d44\u6240\u6d89\u53ca\u5230\u7684\u5de5\u4f5c\u8981\u6bd4\u6587\u6863\u534f\u4f5c\u5e9e\u6742\u5f97\u591a\u3002\u4f8b\u5982\u521d\u521b\u4f01\u4e1a\u7684\u4e00\u6b21\u878d\u8d44\uff0c\u521d\u521b\u4f01\u4e1a\u9700\u8981\u51c6\u5907\u878d\u8d44\u6750\u6599\u5e76\u901a\u8fc7\u4e0d\u540c\u7684\u6e20\u9053\u8054\u7cfb\u6295\u8d44\u4eba\uff0c\u7136\u540e\u548c\u6240\u6709\u610f\u5411\u6295\u8d44\u4eba\u8ba8\u8bba\u5e76\u7b7e\u7f72\u6295\u8d44\u534f\u8bae\uff0c\u63a5\u4e0b\u6765\u8fd8\u9700\u8981\u7ba1\u7406\u878d\u8d44\u6b3e\u3001\u5236\u5b9a\u5458\u5de5\u671f\u6743\u6c60\u3001\u7ba1\u7406\u80a1\u6743\u5206\u914d\u7b49\u5de5\u4f5c\u3002\u5728\u4ee5 Angellist \u4e3a\u4ee3\u8868\u7684\u7ebf\u4e0a\u5de5\u5177\u8bde\u751f\u4e4b\u524d\uff0c\u8fd9\u4e9b\u6d41\u7a0b\u4e4b\u95f4\u662f\u5b8c\u5168\u5272\u88c2\u7684\uff0c\u6211\u4eec\u53ea\u80fd\u4f7f\u7528\u4e00\u4e9b\u7b80\u5355\u7684\u5de5\u5177\u624b\u52a8\u5b8c\u6210\u8fd9\u4e9b\u5de5\u4f5c\u3002\u968f\u7740\u878d\u8d44\u8f6e\u6b21\u7684\u589e\u52a0\uff0c\u8fd9\u4e9b\u5de5\u4f5c\u4e5f\u4f1a\u8d8a\u6765\u8d8a\u590d\u6742\u3002\u7ebf\u4e0a\u5de5\u5177\u8ba9\u8fd9\u4e00\u5207\u53d8\u5f97\u7b80\u5355\u3002\u4f8b\u5982\u4f7f\u7528 Angellist \u63d0\u4f9b\u7684\u878d\u8d44\u5de5\u5177 (Raise)\uff0c\u521d\u521b\u4f01\u4e1a\u53ef\u4ee5\u5728\u7ebf\u4e0a\u4e00\u7ad9\u5f0f\u5730\u5b8c\u6210\u878d\u8d44\u8fc7\u7a0b\u4e2d\u7684\u6240\u6709\u6d41\u7a0b\uff0c\u800c\u4e14\u7531\u4e8e\u6a21\u5757\u4e4b\u524d\u53ef\u76f8\u4e92\u8c03\u7528\uff0c\u6574\u4e2a\u52df\u8d44\u8fc7\u7a0b\u53ef\u4ee5\u5b9e\u73b0\u9ad8\u5ea6\u81ea\u52a8\u5316\u3002\u4f8b\u5982\uff0c\u5f53\u4e00\u6b21\u52df\u8d44\u5b8c\u6210\uff0cRaise \u4f1a\u81ea\u52a8\u5e2e\u52a9\u521d\u521b\u4f01\u4e1a\u66f4\u65b0\u80a1\u6743\u7ed3\u6784\u8868\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6b63\u5982\u4f60\u6240\u89c1\uff0cOnline \u5177\u5907\u4e86\u975e\u5e38\u663e\u8457\u7684\u4f18\u52bf\uff1a\u63d0\u5347\u6548\u7387\u3001\u6269\u5c55\u8fb9\u754c\uff0c\u540c\u65f6\u964d\u4f4e\u8d22\u52a1\u548c\u65f6\u95f4\u6210\u672c\u3002<\/p>\n<ul>\n<li>\n<p><strong>\u63d0\u5347\u6548\u7387<\/strong>\uff1a\u901a\u8fc7\u5c06\u5de5\u4f5c\u6d41 Online\uff0c\u6295\u8d44\u4eba\u5165\u804c\u3001\u6295\u8d44\u6d41\u7a0b\u3001\u521d\u521b\u4f01\u4e1a\u52df\u8d44\u3001\u6cd5\u5f8b\u534f\u8bae\u7b7e\u7f72\u7b49\u4e8b\u52a1\u7684\u6548\u7387\u5927\u5e45\u63d0\u5347\u3002<\/p>\n<\/li>\n<li>\n<p><strong>\u6269\u5c55\u8fb9\u754c<\/strong>\uff1aOnline \u8ba9\u6211\u4eec\u7a81\u7834\u4e86\u4f20\u7edf\u793e\u4ea4\u5708\uff0c\u6295\u8d44\u4eba\u83b7\u5f97\u4e86\u66f4\u591a\u53c2\u4e0e\u98ce\u9669\u6295\u8d44\u7684\u673a\u4f1a\uff0c\u98ce\u9669\u6295\u8d44\u673a\u6784\u4e5f\u4ece\u66f4\u591a\u7684\u6295\u8d44\u4eba\u90a3\u91cc\u52df\u96c6\u5230\u4e86\u8d44\u91d1\uff0c\u521d\u521b\u4f01\u4e1a\u8fde\u63a5\u4e86\u66f4\u591a\u7684\u98ce\u9669\u6295\u8d44\u673a\u6784\uff0c\u800c\u98ce\u9669\u6295\u8d44\u673a\u6784\u4e5f\u83b7\u5f97\u4e86\u66f4\u591a\u7684\u6295\u8d44\u6807\u7684\u3002<\/p>\n<\/li>\n<li>\n<p><strong>\u964d\u4f4e\u6210\u672c<\/strong>\uff1a\u5728\u63d0\u5347\u6548\u7387\u3001\u6269\u5c55\u4e1a\u52a1\u8fb9\u754c\u7684\u540c\u65f6\uff0c\u5f97\u76ca\u4e8e\u4e30\u5bcc\u7684\u5728\u7ebf\u5de5\u5177\uff0cOnline \u4e5f\u5927\u5927\u964d\u4f4e\u4e86\u79c1\u52df\u6295\u878d\u8d44\u4e8b\u52a1\u7684\u8d22\u52a1\u6210\u672c\u548c\u65f6\u95f4\u6210\u672c\u3002\u4f8b\u5982 Cap table \u7ba1\u7406\uff0c\u6b63\u5982 AngelList \u8bf4\u7684\uff1a<\/p>\n<\/li>\n<\/ul>\n<blockquote>\n<p>AngelList \u7684\u80a1\u6743\u7ed3\u6784\u8868\u6d88\u9664\u4e86\u7ba1\u7406\u521d\u521b\u516c\u53f8\u6700\u5927\u8d44\u4ea7\uff08\u80a1\u6743\uff09\u7684\u9ebb\u70e6\u3002\u901a\u8fc7\u5229\u7528\u65e0\u4e0e\u4f26\u6bd4\u7684\u81ea\u52a8\u5316\uff0c\u540c\u65f6\u4fdd\u6301\u5408\u89c4\u6027\uff0c\u505a\u51fa\u66f4\u597d\u7684\u51b3\u7b56\u3002<\/p>\n<\/blockquote>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8fd9\u662f\u6280\u672f\u53d8\u9769\u7ed9\u5177\u4f53\u884c\u4e1a\u5e26\u6765\u7684\u8303\u5f0f\u8f6c\u79fb\u3002<\/p>\n<hr \/>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">Crypto \u5e26\u6765\u7684\u65b0\u6311\u6218<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">Crypto \u79c1\u52df\u6295\u878d\u8d44\u4e0e\u4f20\u7edf\u79c1\u52df\u80a1\u6743\u6295\u878d\u8d44\u6709\u4e00\u4e2a\u6700\u4e3a\u663e\u8457\u7684\u533a\u522b\uff0cCrypto \u79c1\u52df\u6295\u878d\u8d44\u7684\u6295\u8d44\u8d27\u5e01\u901a\u5e38\u90fd\u662f\u52a0\u5bc6\u8d27\u5e01 (\u4f8b\u5982 USDT\u3001USDC\u3001ETH \u7b49)\u3002\u7531\u4e8e\u65e0\u6cd5\u4f7f\u7528 AngelList \u4e00\u7c7b\u7684\u79c1\u52df\u6295\u878d\u8d44\u5de5\u5177\uff0c\u76ee\u524d\uff0c\u5927\u591a\u6570 Crypto \u79c1\u52df\u6295\u878d\u8d44\u5747\u5728\u4f7f\u7528\u7b80\u5355\u7684\u7ba1\u7406\u65b9\u6cd5\uff0c\u4f8b\u5982\u4f7f\u7528\u591a\u7b7e\u94b1\u5305\u7ba1\u7406\u52df\u8d44\u8d44\u4ea7\uff0c\u901a\u8fc7\u624b\u52a8\u8f6c\u8d26\u7684\u65b9\u5f0f\u5b8c\u6210\u52df\u8d44\u548c\u6295\u8d44\uff0c\u4f7f\u7528\u4f20\u7edf\u7684\u8d22\u52a1\u7ba1\u7406\u8f6f\u4ef6\u6765\u8bb0\u5f55\u548c\u7ba1\u7406\u8d44\u91d1\u4ee5\u53ca Portforlio \u7b49\u3002\u8fd9\u79cd\u7c97\u7cd9\u7684\u8fd0\u884c\u548c\u7ba1\u7406\u6a21\u5f0f\u4e0d\u4ec5\u9020\u6210\u4e86\u6548\u7387\u548c\u590d\u6742\u6027\u95ee\u9898\uff0c\u66f4\u91cd\u8981\u7684\u662f\u5e26\u6765\u4e86\u8bf8\u591a\u98ce\u9669\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8d44\u91d1\u98ce\u9669<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u901a\u5e38\uff0cCrypto \u6295\u8d44\u673a\u6784\u5b8c\u6210\u52df\u8d44\u4e4b\u540e\uff0c\u6295\u8d44\u4eba\u7684\u94b1\u90fd\u662f\u7531\u6295\u8d44\u673a\u6784\u7ba1\u7406\u7684 (\u4f7f\u7528\u591a\u7b7e\u94b1\u5305\u751a\u81f3\u4e2a\u4eba\u94b1\u5305)\uff0c\u6295\u8d44\u673a\u6784\u7684\u76f8\u5173\u4eba\u5458\u638c\u63e1\u7740\u8d44\u91d1\u7684\u7ba1\u7406\u6743\uff0c\u800c\u6295\u8d44\u4eba (\u5982\u57fa\u91d1\u7684 LP) \u5e76\u6ca1\u6709\u5b9e\u8d28\u6027\u7684\u4fdd\u969c\u3002\u56e0\u6b64\uff0c\u6280\u672f\u4e0a\u4ed6\u4eec\u53ef\u4ee5\u632a\u7528\u8fd9\u4e9b\u94b1\uff0c\u751a\u81f3\u5377\u94b1\u8dd1\u8def\u3002\u6b63\u5982\u4f60\u770b\u5230\u7684\uff0c\u8fd9\u6837\u7684\u4e8b\u60c5\u5df2\u7ecf\u53d1\u751f\u4e86\u3002\u7531\u4e8e Crypto \u79c1\u52df\u6295\u878d\u8d44\u884c\u4e1a\u8fd8\u8fdc\u4e0d\u89c4\u8303\uff0c\u52a0\u4e0a\u5927\u591a\u6570\u53f8\u6cd5\u7ba1\u8f96\u533a\u5bf9 Crypto \u7684\u652f\u6301\u8fd8\u8fdc\u4e0d\u5b8c\u5584\uff0c\u5f88\u96be\u901a\u8fc7\u6cd5\u5f8b\u9014\u5f84\u4fdd\u62a4\u6295\u8d44\u673a\u6784\u548c\u6295\u8d44\u4eba\u7684\u6743\u76ca\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8fdd\u7ea6\u98ce\u9669<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u5f53\u524d\uff0cCrypto \u6295\u878d\u8d44\u7684\u5404\u4e2a\u4ea4\u6613\u73af\u8282\u5747\u4f7f\u7528\u7eb8\u8d28\u5408\u540c\u6765\u7ea6\u675f\u4ea4\u6613\u53cc\u65b9\u3002\u4f8b\u5982\u6295\u8d44\u673a\u6784\u5411\u6295\u8d44\u4eba\u52df\u8d44\u3001\u6295\u8d44\u673a\u6784\u6295\u8d44\u521d\u521b\u4f01\u4e1a\u3001\u521d\u521b\u4f01\u4e1a\u5411\u6295\u8d44\u673a\u6784\u91ca\u653e token \u7b49\u3002\u8fd9\u79cd\u4f9d\u8d56\u4e8e\u4f20\u7edf\u4fe1\u4efb\u673a\u5236\u7684\u7ea6\u675f\u65b9\u5f0f\u5728\u4f20\u7edf\u7684\u80a1\u6743\u79c1\u52df\u6295\u878d\u8d44\u4e2d\u6709\u6548\uff0c\u4f46\u5176\u7ea6\u675f\u529b\u5728 Crypto \u6709\u9650\uff0c\u56e0\u4e3a\u76ee\u524d\u5927\u591a\u6570\u53f8\u6cd5\u7ba1\u8f96\u533a\u5bf9 Crypto \u7684\u652f\u6301\u8fd8\u8fdc\u4e0d\u5b8c\u5584\u3002\u5c24\u5176\u662f\uff0c\u901a\u5e38 Crypto \u6295\u878d\u8d44\u90fd\u662f\u8de8\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\uff0c\u5176\u96be\u5ea6\u4f1a\u8fdb\u4e00\u6b65\u653e\u5927\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u98ce\u6295\u4e71\u76f8<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u5728 Crypto \u79c1\u52df\u6295\u8d44\u9886\u57df\uff0c\u5b58\u5728\u5927\u91cf\u540d\u4e3a VC \u5b9e\u4e3a\u7092\u5e01\u56e2\u4f19\u548c\u4e8c\u624b\u8d29\u5b50\u7684\u7ec4\u7ec7\u548c\u4e2a\u4eba\u3002\u4ed6\u4eec\u6253\u7740 VC \u7684\u540d\u53f7\u62ff\u5230\u521d\u521b\u4f01\u4e1a\u7684\u6295\u8d44\u4efd\u989d\uff0c\u7136\u540e\u901a\u8fc7\u793e\u4ea4\u624b\u6bb5\u5938\u5927\u5ba3\u4f20\u4ece\u800c\u77ed\u671f\u63a8\u9ad8\u5e01\u4ef7\u7136\u540e\u629b\u552e\uff0c\u6216\u8005\u62ff\u5230\u4efd\u989d\u4e4b\u540e\u6ea2\u4ef7\u8d29\u5356\u7ed9\u5176\u4ed6\u673a\u6784\u548c\u4e2a\u4eba\u3002\u6b64\u7c7b\u673a\u6784\u4e0d\u4ec5\u65e0\u6cd5\u7ed9\u521d\u521b\u4f01\u4e1a\u5e26\u6765\u5b9e\u9645\u5e2e\u52a9\uff0c\u53cd\u800c\u5bf9\u521d\u521b\u4f01\u4e1a\u9020\u6210\u8bf8\u591a\u9ebb\u70e6\u3001\u963b\u788d\u751a\u81f3\u4f24\u5bb3\uff0c\u5bf9\u521d\u521b\u4f01\u4e1a\u7684\u53d1\u5c55\u6781\u4e3a\u4e0d\u5229\u3002\u800c\u521d\u521b\u4f01\u4e1a\u901a\u5e38\u5f88\u96be\u6709\u6548\u7504\u522b\u8fd9\u4e9b\u7092\u5e01\u56e2\u4f19\u548c\u4e8c\u624b\u8d29\u5b50\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4ee5\u4e0a\u4ec5\u4ec5\u8c08\u5230\u4e86 Crypto \u6295\u878d\u8d44\u9886\u57df\u5404\u53c2\u4e0e\u89d2\u8272\u7684\u6838\u5fc3\u5229\u76ca\u95ee\u9898\uff0c\u9664\u6b64\u4e4b\u5916\u8fd8\u6709\u5f88\u591a\u5176\u4ed6\u95ee\u9898\uff0c\u4e0d\u8fc7\u6beb\u65e0\u7591\u95ee\u4e0e\u8d44\u4ea7\u76f8\u5173\u7684\u95ee\u9898\u662f\u6211\u4eec\u5c24\u5176\u9700\u8981\u5173\u6ce8\u7684\u3002\u90a3\u4e48\u5728\u4f20\u7edf\u7684\u4fe1\u4efb\u673a\u5236 (\u4f8b\u5982\u53f8\u6cd5\u7cfb\u7edf) \u65e0\u6cd5\u6709\u6548\u4fdd\u969c Crypto \u6295\u878d\u8d44\u53c2\u4e0e\u8005\u6743\u76ca\u7684\u60c5\u51b5\u4e0b\uff0c\u6211\u4eec\u662f\u5426\u6709\u4e00\u79cd\u65b9\u6cd5\u53ef\u4ee5\u89e3\u51b3\u8fd9\u4e9b\u98ce\u9669\uff1f<\/p>\n<hr \/>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">Crypto \u5e26\u6765\u7684\u65b0\u673a\u9047<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u52a0\u5bc6\u8d27\u5e01\u4e3a\u79c1\u52df\u6295\u878d\u8d44\u5e26\u6765\u4e86\u65b0\u7684\u6311\u6218\uff0c\u4f46\u786c\u5e01\u7684\u53e6\u4e00\u9762\uff0c\u52a0\u5bc6\u8d27\u5e01\u4e5f\u7ed9\u79c1\u52df\u6295\u878d\u8d44\u5e26\u6765\u4e86\u65b0\u7684\u673a\u9047\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u201c\u4ec0\u4e48\u662f\u79c1\u52df\u6295\u878d\u8d44\u201d \u7ae0\u8282\u6211\u4eec\u8c08\u5230\u4e86\u4f20\u7edf\u79c1\u52df\u6295\u878d\u8d44\u53ef\u4ee5\u88ab\u770b\u4f5c\u662f\u7528\u6cd5\u5e01\u4ea4\u6362\u80a1\u6743\u7684\u91d1\u878d\u4ea4\u6613\u3002\u7531\u4e8e\u8fd9\u4e24\u4e2a\u4ea4\u6613\u7269\u5904\u4e8e\u4e0d\u540c\u7684\u8bb0\u8d26\u7cfb\u7edf (\u8d27\u5e01\u548c\u80a1\u6743\u7ed3\u6784)\uff0c\u8be5\u4ea4\u6613\u53ea\u80fd\u5f02\u6b65\u8fdb\u884c\uff0c\u5373 1)\u652f\u4ed8\u6295\u8d44\u6b3e\u548c 2)\u5206\u914d\u80a1\u6743\u3002\u56e0\u6b64\u4e3a\u4e86\u4fdd\u969c\u4ea4\u6613\u53cc\u65b9\u5c65\u7ea6\uff0c\u5fc5\u987b\u5f15\u5165\u7b2c\u4e09\u65b9\uff0c\u5373\u4f20\u7edf\u7684\u4fe1\u4efb\u673a\u5236 (\u5982\u53f8\u6cd5\u7cfb\u7edf) \u6765\u7ea6\u675f\u4ea4\u6613\u53cc\u65b9\u3002\u800c Crypto \u79c1\u52df\u6295\u878d\u8d44\u7684\u6295\u8d44\u8d27\u5e01\u901a\u5e38\u90fd\u662f\u52a0\u5bc6\u8d27\u5e01\uff0c\u521d\u521b\u4f01\u4e1a\u901a\u5e38\u4e5f\u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u6765\u4ee3\u8868\u5176\u4f01\u4e1a\u4ef7\u503c (\u5982 ETH\u3001CRV\u3001RICE \u7b49)\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8fd9\u610f\u5473\u7740\uff0c\u6211\u4eec\u53ef\u4ee5\u5c06 Crypto \u79c1\u52df\u6295\u878d\u8d44\u770b\u4f5c\u662f\u4e00\u79cd\u5e01\u5e01\u4ea4\u6613\uff0c\u800c\u4e14\u662f\u540c\u4e00\u8bb0\u8d26\u7cfb\u7edf (\u533a\u5757\u94fe) \u4e2d\u7684\u5e01\u5e01\u4ea4\u6613\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u76f8\u5bf9\u4e8e\u4f20\u7edf\u7684\u79c1\u52df\u6295\u878d\u8d44\uff0c\u8fd9\u79cd\u5e01\u5e01\u4ea4\u6613\u4e0d\u4ec5\u8ba9\u52df\u8d44\u3001\u6295\u8d44\u3001\u7ba1\u7406\u3001\u9000\u51fa\u7b49\u5404\u4e2a\u6295\u878d\u8d44\u73af\u8282\u53d8\u5f97\u7b80\u5355\uff0c\u800c\u4e14\u5f97\u76ca\u4e8e\u52a0\u5bc6\u8d27\u5e01\u7684\u8bf8\u591a\u6280\u672f\u7279\u6027\uff0c\u8fd9\u4e9b\u73af\u8282\u7684\u4ea4\u6613\u53ef\u4ee5\u5b9e\u73b0\u5728\u4e0d\u4f9d\u8d56\u4e8e\u4f20\u7edf\u7684\u53f8\u6cd5\u3001\u4fdd\u9669\u3001\u4ef2\u88c1\u7b49\u4fe1\u4efb\u673a\u5236\u4ecb\u5165\u7684\u60c5\u51b5\u4e0b\u4ece\u6280\u672f\u5c42\u9762\u7ea6\u675f\u4ea4\u6613\u53cc\u65b9\u4ee5\u4fdd\u969c\u4ea4\u6613\u53cc\u65b9\u7684\u6743\u76ca\uff0c\u4ece\u800c\u89e3\u51b3\u4e0a\u6587\u63d0\u5230\u7684\u8bf8\u591a\u98ce\u9669\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8ba9\u6211\u4eec\u901a\u8fc7\u51e0\u4e2a\u6280\u672f\u6982\u5ff5 (\u667a\u80fd\u5408\u7ea6\u3001\u53ef\u7f16\u7a0b\u8d27\u5e01\u3001\u6570\u636e\u53ef\u7528\u6027) \u7b80\u5355\u4e86\u89e3\u4e00\u4e0b\u52a0\u5bc6\u8d27\u5e01\uff0c\u4ee5\u53ca\u5b83\u4e3a\u4ec0\u4e48\u53ef\u4ee5\u89e3\u51b3\u4e0a\u6587\u63d0\u5230\u7684\u98ce\u9669\u95ee\u9898\u4ece\u800c\u7ed9\u79c1\u52df\u6295\u878d\u8d44\u5e26\u6765\u65b0\u7684\u673a\u9047\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u667a\u80fd\u5408\u7ea6<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u5728\u533a\u5757\u94fe\u7684\u8bed\u5883\u4e2d\uff0c\u667a\u80fd\u5408\u7ea6\u662f\u4e00\u79cd\u90e8\u7f72\u5e76\u50a8\u5b58\u5728\u533a\u5757\u94fe\u4e0a\u7684\u7a0b\u5e8f\uff0c\u7528\u4e8e\u63a5\u6536\u7528\u6237\u6307\u4ee4\u5e76\u6309\u7167\u7f16\u7a0b\u903b\u8f91 (\u5185\u90e8\u6216\u5916\u90e8) \u6267\u884c\u7ed3\u679c\u3002\u8fd9\u5c31\u597d\u6bd4\u4e00\u53f0\u81ea\u52a8\u552e\u8d27\u673a\uff0c\u5f53\u7528\u6237\u9009\u62e9 1 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\u74f6\u53ef\u4e50\u7684\u903b\u8f91\u8fd0\u884c\u3002<em>\u5f53\u7136\u4f60\u4f1a\u8bf4\u9ed1\u5ba2\u653b\u51fb\u53ef\u4ee5\u505a\u5230\uff0c\u4f46\u8fd9\u662f\u53e6\u5916\u4e00\u4e2a\u8bdd\u9898\u3002<\/em><\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u53e6\u5916\uff0c\u7531\u4e8e\u667a\u80fd\u5408\u7ea6\u65e0\u9700\u8bb8\u53ef\u7684\u7279\u6027\uff0c\u4efb\u4f55\u4eba\u90fd\u65e0\u6cd5\u963b\u6b62\u7528\u6237\u4f7f\u7528\u667a\u80fd\u5408\u7ea6\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u53ef\u7f16\u7a0b\u8d27\u5e01<\/h3>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/K0Auy1N1JG.webp\" alt=\"\u94fe\u4e0a\u7684 AngelList\uff1aCrypto \u79c1\u52df\u6295\u878d\u8d44\u7684\u65b0\u65f6\u4ee3\" \/><\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u65e0\u8bba\u662f\u4f20\u7edf\u91d1\u878d\u7cfb\u7edf\u8fd8\u662f\u533a\u5757\u94fe\uff0c\u90fd\u662f\u901a\u8fc7 \u201c\u6570\u5b57\u4ef7\u503c\u8bb0\u5f55\u201d \u6765\u5b9e\u73b0\u8d27\u5e01\u7684\u6570\u5b57\u5316\uff0c\u5b83\u4eec\u5747\u53ef\u88ab\u79f0\u4e4b\u4e3a\u6570\u5b57\u8d27\u5e01\u3002\u5728\u4f20\u7edf\u7684\u4e92\u8054\u7f51\u91d1\u878d\u7cfb\u7edf\u4e2d\uff0c\u6570\u5b57\u8d27\u5e01\u662f\u50a8\u5b58\u4e8e\u5728\u7ebf\u6570\u636e\u5e93\u4e2d\u7684\u4e00\u7ec4\u4ee3\u8868\u53ef\u4ea4\u6613\u4ef7\u503c\u7684\u6570\u5b57\u8bb0\u5f55\uff0c\u5b83\u901a\u8fc7 API \u5141\u8bb8\u6570\u636e\u5e93\u5916\u90e8\u7684\u7f16\u7a0b\u903b\u8f91 (\u4f8b\u5982\u5728\u7ebf\u94f6\u884c APP) \u6765\u8c03\u6574\u6570\u636e\u5e93\u4e2d\u7684\u6570\u5b57\u4ef7\u503c\u8bb0\u5f55\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u800c\u5728\u533a\u5757\u94fe\u4e2d\uff0c\u6570\u5b57\u8d27\u5e01\u662f\u90e8\u7f72\u5e76\u50a8\u5b58\u5728\u533a\u5757\u94fe\u6570\u636e\u5e93\u4e2d\u7684\u4e00\u79cd\u4e13\u4e3a\u53ef\u8d27\u5e01\u5316\u6709\u4ef7\u7269\u800c\u8bbe\u8ba1\u7684\u667a\u80fd\u5408\u7ea6 (\u4f8b\u5982 ERC20)\uff0c\u5b83\u540c\u6837\u5305\u542b\u4e86\u4ee3\u8868\u53ef\u4ea4\u6613\u4ef7\u503c\u7684\u6570\u5b57\u8bb0\u5f55\uff0c\u4f46\u5176\u6570\u5b57\u8bb0\u5f55\u7684\u8c03\u6574<\/p>\n<ol>\n<li>\n<p><strong>\u53d7\u5176\u672c\u8eab\u7684\u7f16\u7a0b\u903b\u8f91\u7ea6\u675f<\/strong>\u3002\u5c31\u50cf\u4e0a\u6587\u63d0\u5230\u7684\u81ea\u52a8\u552e\u8d27\u673a\u7684\u4f8b\u5b50\u4e00\u6837\u3002<\/p>\n<\/li>\n<li>\n<p><strong>\u4ee5\u53ca\u5728\u7b26\u5408\u672c\u8eab\u7f16\u7a0b\u903b\u8f91\u7684\u524d\u63d0\u4e0b\u5141\u8bb8\u533a\u5757\u94fe\u6570\u636e\u5e93\u5185\u90e8\u5176\u4ed6\u667a\u80fd\u5408\u7ea6\u7684\u7f16\u7a0b\u903b\u8f91\u8c03\u6574\u5176\u6570\u5b57\u4ef7\u503c\u8bb0\u5f55<\/strong>\u3002\u8fd9\u5c31\u597d\u6bd4\u4e00\u53f0\u81ea\u52a8\u552e\u8d27\u673a\u8fde\u63a5\u4e86\u4e00\u4e2a\u5e78\u8fd0\u5927\u8f6c\u76d8\uff0c\u7528\u6237\u53ef\u4ee5\u5728\u6295\u5165 1 USD \u65f6\u4e0d\u9009\u62e9\u53ef\u4e50\u800c\u662f\u6388\u6743\u81ea\u52a8\u552e\u8d27\u673a\u4f7f\u7528\u5e78\u8fd0\u5927\u8f6c\u76d8\u6765\u63a7\u5236\u81ea\u52a8\u552e\u8d27\u673a \u201c\u5410\u201d \u54ea\u4e2a\u996e\u6599\u3002\u4f60\u77e5\u9053\uff0c\u5e78\u8fd0\u5927\u8f6c\u76d8\u4e0a\u53ef\u80fd\u6709\u53ef\u4e50\u3001\u6c7d\u8f66\uff0c\u4f46\u4e5f\u6709\u53ef\u80fd\u662f \u201c\u8c22\u8c22\u4f60\u201d\u3002<\/p>\n<\/li>\n<\/ol>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u7531\u4e8e\u5176\u53ef\u7f16\u7a0b\u7684\u5c5e\u6027\uff0c\u8fd9\u79cd\u8fd0\u884c\u5728\u533a\u5757\u94fe\u4e0a\u7684\u6570\u5b57\u8d27\u5e01\u4e5f\u88ab\u79f0\u4e3a\u53ef\u7f16\u7a0b\u8d27\u5e01\uff0c\u4f46\u6211\u4eec\u901a\u5e38\u5c06\u5176\u79f0\u4e4b\u4e3a\u52a0\u5bc6\u8d27\u5e01\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6570\u636e\u53ef\u7528\u6027<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u533a\u5757\u94fe\u4e0d\u4ec5\u662f\u4e00\u4e2a\u5f00\u653e\u7684\u7f51\u7edc (\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u8bbf\u95ee\u5b83\u3001\u4f7f\u7528\u5b83)\uff0c\u800c\u4e14\u5177\u6709\u6570\u636e\u53ef\u7528\u6027\u7684\u7279\u6027\u3002\u8fd9\u610f\u5473\u7740\uff0c\u6211\u4eec\u53ef\u4ee5\u8bbf\u95ee\u4efb\u4f55\u7528\u6237\u7684\u533a\u5757\u94fe\u8d26\u6237\uff0c\u53bb\u9a8c\u8bc1\u8be5\u7528\u6237\u5728\u533a\u5757\u94fe\u4e0a\u7684\u4efb\u4f55\u4ea4\u6613\u3002\u56e0\u6b64\u5b83\u53ef\u4ee5\u5e2e\u52a9\u6211\u4eec\uff1a<\/p>\n<ul>\n<li>\n<p>\u9a8c\u8bc1\u6295\u8d44\u673a\u6784\u7684\u6295\u8d44\u5386\u53f2\u3002<\/p>\n<\/li>\n<li>\n<p>\u9a8c\u8bc1\u6295\u8d44\u673a\u6784\u7684\u6295\u8d44\u504f\u597d\u3002<\/p>\n<\/li>\n<li>\n<p>\u9a8c\u8bc1\u6295\u8d44\u673a\u6784\u7684\u6295\u8d44\u7b56\u7565 (\u957f\u671f\u4e3b\u4e49\u8fd8\u662f\u6295\u673a\u4e3b\u4e49)\u3002<\/p>\n<\/li>\n<li>\n<p>\u76d1\u542c\u548c\u8ffd\u8e2a\u6295\u8d44\u673a\u6784\u7684\u8d44\u91d1\u6d41\u5411\u3002\u4f8b\u5982\u5f53\u673a\u6784\u51fa\u73b0\u632a\u7528\u8d44\u91d1\u7684\u884c\u4e3a\uff0c\u53ca\u65f6\u91c7\u53d6\u884c\u52a8\u963b\u6b62\u5b83\uff0c\u6216\u8005\u534f\u52a9\u76f8\u5173\u673a\u6784 (\u5982\u53f8\u6cd5\u673a\u6784) \u5904\u7406\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6b63\u5982\u4f60\u77e5\u9053\u7684\uff0c\u5728\u4f20\u7edf\u91d1\u878d\u9886\u57df\uff0c\u8fd9\u4e9b\u7b80\u76f4\u5c31\u662f\u5929\u65b9\u591c\u8c2d\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u73b0\u5728\uff0c\u6211\u4eec\u6765\u770b\u770b\u5982\u4f55\u5229\u7528\u8fd9\u4e9b\u6280\u672f\u7279\u6027\u6765\u89e3\u51b3\u4e0a\u6587\u63d0\u5230\u4e09\u7c7b\u98ce\u9669\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8d44\u91d1\u5b89\u5168<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4f8b\u5982\uff0c\u6211\u4eec\u53ef\u4ee5\u5728\u533a\u5757\u94fe\u90e8\u7f72\u4e00\u4e2a\u9488\u5bf9\u6295\u8d44\u673a\u6784\u7684\u8d44\u91d1\u7ba1\u7406\u5408\u7ea6\uff0c\u6295\u8d44\u673a\u6784\u53ef\u4ee5\u9080\u8bf7\u6295\u8d44\u4eba\u5411\u8be5\u5408\u7ea6\u5b58\u5165\u8d44\u91d1 (\u5982 USDT) \u6765\u5b8c\u6210\u52df\u8d44\u3002\u800c\u8be5\u5408\u7ea6\u8d26\u6237\u7684\u8d44\u91d1\u63a7\u5236\u6743\u53d7\u8be5\u5408\u7ea6\u7684\u7f16\u7a0b\u903b\u8f91\u7ea6\u675f\uff0c\u6295\u8d44\u673a\u6784\u53ef\u4ee5\u5728\u90e8\u7f72\u5408\u7ea6\u65f6\u8bbe\u7f6e\u4e00\u4e2a\u7ba1\u7406\u4eba\u56e2\u961f\u901a\u8fc7\u6295\u7968\u673a\u5236\u63a7\u5236\u8d44\u91d1 (\u57fa\u91d1\u6a21\u5f0f)\uff0c\u4e5f\u53ef\u4ee5\u5c06\u8d44\u91d1\u63a7\u5236\u6743\u4ea4\u7ed9\u6240\u6709\u6295\u8d44\u4eba (\u6295\u8d44\u4ff1\u4e50\u90e8)\u3002\u8fd9\u5c31\u53ef\u4ee5\u4ece\u6280\u672f\u4e0a\u907f\u514d\u6295\u8d44\u673a\u6784\u5185\u90e8\u4eba\u5458\u632a\u7528\u8d44\u91d1\u7684\u95ee\u9898\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6211\u4eec\u8fd8\u53ef\u4ee5\u90e8\u7f72\u4e00\u4e2a\u8d4e\u56de\u5408\u7ea6\u6765\u589e\u5f3a\u8d44\u91d1\u7ba1\u7406\u5408\u7ea6\u7684\u5b89\u5168\u6027\u3002\u6211\u4eec\u53ef\u4ee5\u8bbe\u7f6e\u4e00\u4e2a\u56fa\u5b9a\u7684\u8d4e\u56de\u671f\uff0c\u6b63\u5982\u4f20\u7edf\u7684\u5f00\u653e\u57fa\u91d1\u90a3\u6837\uff0c\u4f8b\u5982 30 \u5929\u4e00\u6b21\u3002\u8fd9\u6837\uff0c\u6295\u8d44\u4eba\u6bcf\u9694 30 \u5929\u90fd\u53ef\u4ee5\u57fa\u4e8e\u81ea\u5df1\u5bf9\u8be5\u6295\u8d44\u673a\u6784\u7684\u4e1a\u7ee9\u5224\u65ad\u6765\u51b3\u5b9a\u662f\u7ee7\u7eed\u5c06\u8d44\u91d1\u653e\u5728\u8be5\u6295\u8d44\u673a\u6784\u8fd8\u662f\u64a4\u8d44\u3002\u6216\u8005\uff0c\u6211\u4eec\u53ef\u4ee5\u5c06\u8d4e\u56de\u671f\u8bbe\u7f6e\u5728\u6bcf\u4e00\u6b21\u6295\u8d44\u4ea4\u6613\u53d1\u8d77\u4e4b\u540e\uff0c\u8fd9\u6837\u6295\u8d44\u4eba\u53ef\u4ee5\u57fa\u4e8e\u81ea\u5df1\u5bf9\u4e00\u7b14\u5177\u4f53\u7684\u6295\u8d44\u662f\u5426\u8ba4\u540c\u6765\u51b3\u5b9a\u662f\u5426\u53c2\u4e0e\u8be5\u7b14\u6295\u8d44\u3002\u7531\u4e8e\u667a\u80fd\u5408\u7ea6\u7684\u65e0\u9700\u8bb8\u53ef\u7684\u7279\u6027\uff0c\u6295\u8d44\u4eba\u901a\u8fc7\u8d4e\u56de\u6765\u4fdd\u62a4\u5176\u8d44\u91d1\u5b89\u5168\u7684\u884c\u4e3a\u65e0\u6cd5\u88ab\u4efb\u4f55\u4e00\u65b9\u963b\u6b62\u3002<\/p>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u5c65\u7ea6\u5b89\u5168<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4e3e\u4e00\u4e2a SAFT \u6295\u8d44\u534f\u8bae\u7684\u4f8b\u5b50\u3002\u6211\u4eec\u77e5\u9053\uff0c\u867d\u7136\u6211\u4eec\u53ef\u4ee5\u5c06 Crypto \u79c1\u52df\u6295\u878d\u8d44\u770b\u4f5c\u662f\u4e00\u7b14\u5e01\u5e01\u4ea4\u6613\uff0c\u4f46\u901a\u5e38\u5b83\u5e76\u4e0d\u662f\u50cf Swap \u90a3\u6837\u4e00\u624b\u4ea4\u94b1\u4e00\u624b\u4ea4\u8d27\u7684\u7b80\u5355\u4ea4\u6613\uff0c\u800c\u662f\u901a\u5e38\u90fd\u4f1a\u6709\u4e00\u4e2a Vesting Schedule\uff0c\u5373\u88ab\u6295\u65b9\u5728\u6536\u5230\u6295\u8d44\u6b3e\u4e4b\u540e\u7684\u672a\u6765\u67d0\u4e00\u4e2a\u65f6\u95f4\u5f00\u59cb\uff0c\u4ee5\u67d0\u79cd\u91ca\u653e\u89c4\u5219\u5411\u6295\u8d44\u4eba\u91ca\u653e Payback \u5e01\u79cd\u3002\u56e0\u6b64 Vesting Schedule \u901a\u5e38\u662f SAFT \u6295\u8d44\u534f\u8bae\u6700\u91cd\u8981\u7684\u90e8\u5206\uff0c\u540c\u65f6\u4e5f\u662f\u6700\u5bb9\u6613\u4ea7\u751f\u8fdd\u7ea6\u548c\u7ea0\u7eb7\u7684\u90e8\u5206\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6211\u4eec\u53ef\u4ee5\u5728\u533a\u5757\u94fe\u90e8\u7f72\u4e00\u4e2a\u6295\u8d44\u534f\u8bae\u5408\u7ea6\uff0c\u7528\u7f16\u7a0b\u903b\u8f91\u6765\u5b9e\u73b0 SAFT \u534f\u8bae\u4e2d\u7684\u4ea4\u6613\u89c4\u5219\uff0c\u5305\u62ec\u6295\u8d44\u5e01\u79cd\u3001Payback \u5e01\u79cd\u3001\u4ef7\u683c\u3001Vesting Schedule \u7b49\u3002\u5f53\u6295\u8d44\u673a\u6784\u548c\u88ab\u6295\u65b9\u901a\u8fc7\u8be5\u667a\u80fd\u5408\u7ea6\u521b\u5efa\u4e86\u4e00\u7b14\u6295\u8d44\u4ea4\u6613 (\u7ea6\u5b9a\u4e86\u5404\u9879\u53c2\u6570\uff0c\u4f8b\u5982 Vesting Schedule) \u5e76 \u201c\u7b7e\u7f72\u201d \u8be5\u4ea4\u6613\uff0c\u5728\u6295\u8d44\u673a\u6784\u652f\u4ed8\u6295\u8d44\u6b3e\u7684\u540c\u65f6\uff0c\u88ab\u6295\u65b9\u7684 Payback \u5e01\u79cd\u5c06\u88ab\u6258\u7ba1\u81f3\u667a\u80fd\u5408\u7ea6\uff0c\u7136\u540e\u6295\u8d44\u4eba\u5c31\u53ef\u4ee5\u6309\u7167 Vesting Schedule \u7ea6\u5b9a\u7684\u65f6\u95f4\u7ebf\u81ea\u4e3b\u5730\u4ece\u667a\u80fd\u5408\u7ea6\u9886\u53d6 Payback token\uff08\u4efb\u4f55\u4eba\u90fd\u65e0\u6cd5\u963b\u6b62\u4ed6\uff09\u3002\u4e3e\u4e00\u4e2a\u5b9e\u4f8b\uff1a<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6295\u8d44\u4eba Bob \u4f7f\u7528\u6295\u8d44\u534f\u8bae\u667a\u80fd\u5408\u7ea6\u521b\u5efa\u4e86\u4e00\u7b14\u4e0e\u521b\u4e1a\u8005 Lisa \u7684 SAFT \u6295\u8d44\u4ea4\u6613\uff0c\u4ea4\u6613\u7ec6\u5219\u5982\u4e0b\uff1a<\/p>\n<ul>\n<li>\n<p>Investment Currency: USDT<\/p>\n<\/li>\n<li>\n<p>Investment Amount: 100,000<\/p>\n<\/li>\n<li>\n<p>Investor: 0x1Bfe1F47a3566Ee904d5C592ab9268B931516B56 (Bob \u7684\u94b1\u5305\u5730\u5740)<\/p>\n<\/li>\n<li>\n<p>Investment Fund Receiver: 0xEF72177cb6CE54f17a75c174C7032BF7703689b4 (Lisa \u7684\u94b1\u5305\u5730\u5740)<\/p>\n<\/li>\n<li>\n<p>Payback Currency: RICE<\/p>\n<\/li>\n<li>\n<p>Payback Amount: 100,000<\/p>\n<\/li>\n<li>\n<p>Vesting Start: 10\/01\/2025<\/p>\n<\/li>\n<li>\n<p>Vesting End: 10\/01\/2028<\/p>\n<\/li>\n<li>\n<p>Claim Interval\uff1a30 Days<\/p>\n<\/li>\n<\/ul>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u5f53 Bob \u548c Lisa \u5728\u94fe\u4e0a \u201c\u7b7e\u7f72\u201d \u8be5\u4ea4\u6613\uff0cBob \u94b1\u5305\u4e2d\u7684 100,000 USDT \u5c06\u8f6c\u7ed9 Lisa \u7684\u94b1\u5305\u5730\u5740\uff0c\u540c\u65f6\uff0cLisa \u94b1\u5305\u4e2d\u7684 100,000 RICE \u5c06\u8f6c\u79fb\u81f3\u6258\u7ba1\u5408\u7ea6\u3002\u4ece 2025 \u5e74 10 \u6708 1 \u65e5\u5f00\u59cb\uff0cBob \u4fbf\u53ef\u4ee5\u6bcf\u9694 30 \u5929\u4ece\u6258\u7ba1\u5408\u7ea6\u9886\u53d6\u4e00\u6b21 RICE\uff0c\u6bcf\u6b21\u9886\u53d6\u7684\u6570\u91cf\u4e3a\u603b\u91cf\u7684\u4e09\u5341\u516d\u5206\u4e4b\u4e00\uff0c\u76f4\u81f3 2028 \u5e74 10 \u6708 1 \u65e5\u622a\u6b62\uff0c\u5171\u53ef\u9886\u53d6 100,000 RICE\u3002\u5e76\u4e14\uff0c<\/p>\n<ul>\n<li>\n<p>Bob \u4e00\u5b9a\u80fd\u4ece 2025 \u5e74 10 \u6708 1 \u65e5\u5f00\u59cb\u4ece\u8be5\u667a\u80fd\u5408\u7ea6\u9886\u53d6 RICE\uff0c\u4e0d\u9700\u8981\u4efb\u4f55\u4eba\u7684\u8bb8\u53ef\u3002<\/p>\n<\/li>\n<li>\n<p>Lisa \u4e0d\u53ef\u80fd\u5728\u6295\u8d44\u534f\u8bae\u4ea4\u6613\u6210\u529f\u4e4b\u540e\u963b\u6b62\u8be5\u534f\u8bae\u6267\u884c\u3002<\/p>\n<\/li>\n<li>\n<p>Lisa \u4e0d\u53ef\u80fd\u4ece\u6258\u7ba1\u5408\u7ea6\u4e2d\u53d6\u56de RICE\u3002<\/p>\n<\/li>\n<li>\n<p>\u4efb\u4f55\u4eba\u90fd\u4e0d\u53ef\u80fd\u963b\u6b62 Bob \u4f7f\u7528\u8be5\u5408\u7ea6\u9886\u53d6 RICE\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u98ce\u6295\u7504\u522b<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u7531\u4e8e\u533a\u5757\u94fe\u7684\u5f00\u653e\u6027\u548c\u6570\u636e\u53ef\u7528\u6027\uff0c\u6211\u4eec\u53ef\u4ee5\u968f\u65f6\u8bbf\u95ee\u6295\u8d44\u673a\u6784\u5728\u533a\u5757\u94fe\u4e0a\u7684\u8d44\u91d1\u7ba1\u7406\u8d26\u6237\uff0c\u5206\u6790\u5176\u5386\u53f2\u4ea4\u6613\u6765\u9a8c\u8bc1\u8be5\u673a\u6784\u6240\u5ba3\u4f20\u7684\u6295\u8d44\u4e1a\u7ee9\u3001\u6295\u8d44\u7406\u5ff5\u662f\u5426\u5c5e\u5b9e\u3002\u4f8b\u5982\uff0cBob \u5ba3\u79f0\u81ea\u5df1\u975e\u5e38\u770b\u597d Lisa \u7684\u9879\u76ee\u56e0\u6b64\u4f1a\u957f\u671f\u6301\u6709 RICE\uff0c\u4f46\u5176\u4ea4\u6613\u8bb0\u5f55\u663e\u793a Bob \u6bcf\u6b21\u9886\u53d6 RICE \u4e4b\u540e\u4fbf\u7acb\u523b\u5168\u90e8\u629b\u552e\u4e86\uff0c\u90a3\u4e48\u5f53 Bob \u627e\u5230\u4f60\u5e76\u8868\u8fbe\u5e0c\u671b\u6295\u8d44\u4f60\u7684\u9879\u76ee\u65f6\uff0c\u4f60\u5c31\u8981\u5c0f\u5fc3\u4e86\u3002\u6216\u8005\uff0c\u5982\u679c Bob \u6bcf\u6b21\u9886\u53d6 RICE \u4e4b\u540e\u90fd\u4f1a\u7acb\u523b\u6279\u91cf\u8f6c\u8d26\u7ed9\u4e00\u7fa4\u4eba\uff0c\u90a3\u4e48\u5927\u6982\u7387 Bob \u5c31\u662f\u4e00\u4e2a\u4e8c\u624b\u8d29\u5b50\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u9664\u6b64\u4e4b\u5916\uff0c\u6211\u4eec\u8fd8\u53ef\u4ee5\u901a\u8fc7\u5206\u6790\u8fd9\u4e9b\u5386\u53f2\u4ea4\u6613\u6765\u603b\u7ed3\u6295\u8d44\u673a\u6784\u7684\u6295\u8d44\u504f\u597d\uff0c\u4f8b\u5982\u6295\u8d44\u9886\u57df\u7b49\uff0c\u8fd9\u4e5f\u53ef\u4ee5\u5927\u5927\u8282\u7701\u521d\u521b\u4f01\u4e1a\u5728\u5bfb\u6c42\u6295\u8d44\u673a\u6784\u4ee5\u53ca\u548c\u6295\u8d44\u673a\u6784\u6c9f\u901a\u8fc7\u7a0b\u7684\u65f6\u95f4\u6210\u672c\u3002<\/p>\n<hr \/>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">Onchain<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4ee5\u4e0a\u6211\u4eec\u7b80\u5355\u4ecb\u7ecd\u4e86\u5982\u4f55\u5c06 Crypto \u6295\u878d\u8d44\u4ea4\u6613\u94fe\u4e0a\u5316\u6765\u4ecb\u7ecd\u5b83\u5728\u8d44\u4ea7\u5b89\u5168\u4e0a\u7684\u4f18\u52bf\uff0c\u4ee5\u53ca\u5982\u4f55\u53d1\u6325\u533a\u5757\u94fe\u6570\u636e\u53ef\u7528\u6027\u7684\u6280\u672f\u7279\u6027\u6765\u5e2e\u52a9\u6211\u4eec\u66f4\u597d\u5730\u7504\u522b\u6295\u8d44\u673a\u6784\u3002\u6b63\u5982\u4f60\u77e5\u9053\u7684\uff0cCrypto \u6295\u878d\u8d44\u8fd8\u5b58\u5728\u5927\u91cf\u7684\u5176\u4ed6\u4ea4\u6613\u548c\u7ba1\u7406\u73af\u8282\u3002\u5982\u679c\u6211\u4eec\u5c06\u6240\u6709\u8fd9\u4e9b\u4ea4\u6613\u548c\u7ba1\u7406\u73af\u8282\u94fe\u4e0a\u5316\uff0c\u5373\u4e3a\u6bcf\u4e00\u4e2a\u4ea4\u6613\u73af\u8282\u6784\u5efa\u4e00\u4e2a\u76f8\u5e94\u7684\u667a\u80fd\u5408\u7ea6\uff0c\u5e76\u8ba9\u8fd9\u4e9b\u5408\u7ea6\u53ef\u4ee5\u81ea\u7531\u7ec4\u5408\u3001\u4e92\u76f8\u8c03\u7528\uff0c\u6211\u4eec\u4fbf\u53ef\u4ee5\u6784\u5efa\u4e00\u4e2a\u94fe\u4e0a\u7684\u6295\u878d\u8d44\u5de5\u5177\u96c6\uff0c\u5373\u94fe\u4e0a\u7684 Angellist\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/bz46Gep65H.webp\" alt=\"\u94fe\u4e0a\u7684 AngelList\uff1aCrypto \u79c1\u52df\u6295\u878d\u8d44\u7684\u65b0\u65f6\u4ee3\" \/><\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4e0a\u56fe\u5217\u4e3e\u4e86\u4e00\u4e9b\u57fa\u7840\u7684\u667a\u80fd\u5408\u7ea6\uff0c\u4f8b\u5982\u7528\u4e8e\u52df\u8d44\u7684 Fundraising \u5408\u7ea6\u3001\u7528\u4e8e\u9650\u5236\u52df\u8d44\u53c2\u4e0e\u4eba\u6570\u7684 Limit \u5408\u7ea6\u3001\u7528\u4e8e\u5b58\u653e\u8d44\u91d1\u7684 Fund Pool\u3001\u7528\u4e8e\u63a7\u5236\u8d44\u91d1\u6c60\u7684\u6295\u7968\u5408\u7ea6\u3001\u7528\u4e8e\u6295\u8d44\u7684 Investment \u5408\u7ea6\u3001\u7528\u4e8e\u91ca\u653e\u9879\u76ee\u4ee3\u5e01\u7684 Vesting \u5408\u7ea6\u3001\u7528\u4e8e\u9650\u5236\u52df\u8d44\u53c2\u4e0e\u8005\u8d44\u683c\u6216\u8005\u8d44\u91d1\u7ba1\u7406\u8005\u8d44\u683c\u7684 Eligibility \u5408\u7ea6\u3001\u7528\u4e8e\u5e2e\u52a9\u6295\u8d44\u673a\u6784\u83b7\u53d6\u6536\u76ca\u7684 Fee &amp; Carry \u5408\u7ea6\u7b49\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6211\u4eec\u53ef\u4ee5\u81ea\u7531\u7ec4\u5408\u8fd9\u4e9b\u5408\u7ea6\u6765\u5b9e\u73b0\u4e0d\u540c\u7684\u529f\u80fd\uff0c\u5c31\u50cf\u4e50\u9ad8\u4e00\u6837\u3002\u5982\u4e0a\u56fe\u6240\u793a\uff0c\u6211\u4eec\u53ef\u4ee5\u4f7f\u7528 Investment \u548c Vesting \u5408\u7ea6\u7684\u7ec4\u5408\u6784\u6210\u4e00\u4e2a\u7b80\u5355\u7684\u94fe\u4e0a\u6295\u8d44\u534f\u8bae\uff0c\u4e00\u65e6\u6295\u878d\u8d44\u53cc\u65b9\u786e\u8ba4\uff0c\u5b83\u5c06\u6309\u7167\u534f\u8bae\u7ea6\u5b9a\u81ea\u52a8\u4ea4\u6613\uff0c\u4e0d\u53ef\u88ab\u963b\u6b62\u548c\u7be1\u6539\uff0c\u4e0d\u9700\u8981\u4efb\u4f55\u7b2c\u4e09\u65b9\u4fe1\u4efb\u673a\u5236\u7684\u4ecb\u5165\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u521d\u521b\u4f01\u4e1a\u53ef\u4ee5\u4f7f\u7528 Fundraising \u548c Vesting \u5408\u7ea6\u7684\u7ec4\u5408\u6784\u5efa\u4e00\u4e2a\u94fe\u4e0a\u4f01\u4e1a\u7ba1\u7406\u5de5\u5177\uff0c\u7528\u6765\u7ba1\u7406\u52df\u8d44\uff0c\u4ee5\u53ca Cap table\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u66f4\u8fdb\u4e00\u6b65\uff0c\u6211\u4eec\u53ef\u4ee5\u4f7f\u7528 Fundraising\u3001Vesting\u3001Limit\u3001Eligibility\u3001Voting \u5408\u7ea6\u7684\u7ec4\u5408\u6784\u5efa\u4e00\u4e2a\u94fe\u4e0a\u7684\u4f17\u7b79\u5e73\u53f0\u6216\u8005 Launchpad\uff0c\u5b83\u5c06\u662f\u771f\u6b63\u53bb\u4e2d\u5fc3\u5316\u3001\u65e0\u9700\u8bb8\u53ef\u3001\u793e\u533a\u5316\u7684\uff0c\u800c\u4e0d\u5b58\u5728\u4e2d\u5fc3\u5316\u63a7\u5236\u6240\u5e26\u6765\u7684\u8d44\u4ea7\u98ce\u9669\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u6211\u4eec\u8fd8\u53ef\u4ee5\u4f7f\u7528\u4e0a\u56fe\u5217\u4e3e\u7684\u6240\u6709\u5408\u7ea6\u6765\u6784\u5efa\u66f4\u4e3a\u590d\u6742\u7684\u4e1a\u52a1\uff0c\u4f8b\u5982\u8fd0\u884c\u4e00\u4e2a\u79c1\u52df\u57fa\u91d1\u3001\u6295\u8d44\u4ff1\u4e50\u90e8\u3001SPV \u7b49\u3002\u901a\u8fc7\u66f4\u591a\u529f\u80fd\u6a21\u5757\uff0c\u6211\u4eec\u53ef\u4ee5\u5b9e\u73b0\u66f4\u590d\u6742\u7684\u4e1a\u52a1\u9700\u6c42\uff0c\u4f8b\u5982\u4e3a\u57fa\u91d1\u8bbe\u7f6e\u8d4e\u56de\u671f\u548c\u8d4e\u56de\u8d39\uff0c\u6216\u8005\u5b9e\u73b0 GP + LP \u7684\u57fa\u91d1\u8fd0\u884c\u67b6\u6784\u7b49\u7b49\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8fd9\u4e9b\u5408\u7ea6\u4e0d\u4ec5\u4e3a\u6211\u4eec\u63d0\u4f9b\u4e86\u65e0\u9700\u4fe1\u4efb\u7684\u4ea4\u6613\u4fdd\u969c\uff0c\u540c\u65f6\u5b83\u4eec\u4e5f\u6a21\u5f0f\u5316\u4e86\u79c1\u52df\u6295\u878d\u8d44\u7684\u4ea4\u6613\u6d41\u7a0b\uff0c\u8ba9\u6211\u4eec\u4e0d\u9700\u8981\u638c\u63e1\u76f8\u5173\u7684\u4e13\u4e1a\u77e5\u8bc6\u548c\u6280\u80fd\u4fbf\u53ef\u4ee5\u8f7b\u677e\u5730\u5b8c\u6210\u4e13\u4e1a\u7684\u5de5\u4f5c\u3002\u56e0\u6b64\uff0c\u5b83\u5177\u5907 Online \u7684\u6240\u6709\u4f18\u52bf (\u6548\u7387\u3001\u8fb9\u754c\u3001\u6210\u672c)\uff0c\u540c\u65f6\u4ece\u6280\u672f\u5c42\u9762\u4fdd\u969c\u4e86\u79c1\u52df\u6295\u878d\u8d44\u7684\u4ea4\u6613\u5b89\u5168\u548c\u5c65\u7ea6\u95ee\u9898\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u8fd9\u662f\u533a\u5757\u94fe\u6280\u672f\u4e3a\u79c1\u52df\u6295\u878d\u8d44\u5e26\u6765\u7684\u4e00\u6b21\u65b0\u7684\u8303\u5f0f\u8f6c\u79fb\u3002<\/p>\n<hr \/>\n<h3 data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4eca\u5929 &amp; \u672a\u6765<\/h3>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u81ea\u4ece 2016 \u5e74 The DAO \u8bde\u751f\u4ee5\u6765\uff0c\u5927\u91cf\u7684\u5f00\u53d1\u8005\u548c\u5efa\u8bbe\u8005\u90fd\u5728\u4e3a \u201cOnchain Ventures\u201d \u8fd9\u4e00\u613f\u666f\u52aa\u529b\uff0c\u5305\u62ec Moloch\u3001DAOhaus\u3001TheLAO\u3001Nouns\u3001Juice Box\u3001PartyDAO\u3001Gnosis Auction\u3001Superfluid\u3001Syndicate\u3001Furo\u3001Kali\u3001DAOSquare \u7b49\u3002\u8fd9\u4e9b\u5efa\u8bbe\u8005\u57fa\u4e8e\u5404\u81ea\u5bf9 Onchain Ventures \u7684\u7406\u89e3\uff0c\u5728\u5404\u81ea\u4e13\u6ce8\u7684\u9886\u57df\u6784\u5efa\u89e3\u51b3\u65b9\u6848\u3002\u5f88\u591a\u4eba\u4e2d\u9014\u653e\u5f03\u4e86\uff0c\u4f46\u66f4\u591a\u7684\u4eba\u5728\u7ee7\u7eed\u52aa\u529b\u8fed\u4ee3\u548c\u5b8c\u5584\u8fd9\u4e9b\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n<p data-tool=\"mdnice\u7f16\u8f91\u5668\">\u4f5c\u4e3a DAOSquare 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