pIOU token

The pIOU token will kickstart projects and offer a platform for IDO/seed investment.

The general use of the fundraiser will be aimed at market-ready projects or those that require additional funding for further development without a DAO protocol.

In exchange for work or donations (USDC/POGI), the PO can offer an IOU in an NFT as pIOUs. Having this NFT in your wallet will make you eligible to claim a future reward from the project. The pIOU represents any reward the project decides, like interest payments, tokens, or samples. These pIOU’s can also be traded in a marketplace, creating another revenue stream through fees. These pIOUs work similarly to Kickstarter, where you receive a reward for offering a small-big investment.

The PO tokens received from these investments are unlocked each time a milestone is reached. These can be further validated with MOGI Judges. This will give an extra layer of security for project owners that want to defraud investors.