# **Plan for expenditures**
## **1. Development (50%)**

1. Detailed architecture of the project.
2. UI wireframe and component design.
3. Landing page.
4. UI of the web-app (React), with fiat on-ramp integration.
5. Smart contracts:
   - Uniswap integration
   - Logic for investing/redeeming/rebalancing
   - Fund manager election
   - Token whitelisting system
   - Dividend tokens
   - Fund creation
6. Server-side logic and relevant UI integrations for all smart contract functions.

## **2. Audit (10%)**

Audit by a smart contract auditing company (e.g., Trail of Bits).


## **3. Marketing (40%)**

1. Partnerships with Content Creators

   We will form partnerships with content creators who have an audience deeply rooted in the crypto community (e.g., Bankless, Steady Lads). Our strategy is to establish funds in collaboration with these content creators. The objective is not merely to onboard their audience but to turn them into ambassadors of our product. We aim to position ourselves as an on-chain fund that aligns with the ethos of crypto natives. Consequently, when newcomers seek investment advice from crypto natives, our fund will be the top recommendation. In essence, our protocol needs approval from authoritative figures within the current crypto community. We anticipate that crypto natives will promote our product to non-natives due to its decentralized architecture, incredibly simple UX, and the dividend token scheme described below. Thus, our fund becomes the go-to place for non-crypto friends seeking investment advice.

2. Local and Global Dividend Tokens

   Our protocol will feature both local and global dividend tokens. The local dividend token will enable holders to claim fees generated by a specific fund (e.g., the Bankless Crypto Fund will have a local dividend token that allows holders to claim fees generated by that particular fund). The global dividend token will allow holders to claim fees generated by all funds collectively. For example, if configured to 5%, it means that 5% of all fees generated by all funds will go to the global dividend token holders.

   This two-tier dividend token system will serve as a powerful marketing tool, incentivizing various stakeholders to promote the fund.