Create A Round

Create a round to channel funds

1. Go to your profile on the top-right side and then click "New Round."

   
2. Enter Round Name: You begin by entering a clear and descriptive name for the funding round, which helps identify its purpose.

   Provide Round Description: Next, fill in a detailed description that outlines the goals and criteria of the round. This information is vital for potential applicants and voters.

Round Title

1. Define Voting Duration: As the manager you set the start and end dates for when voting will be active. This timeline is essential for engaging voters effectively.

   Specify Votes Per Person: You also determines how many votes each eligible voter can cast by specifying the "Votes Per Person" parameter.

   Include Contact Details: To facilitate communication, you must provide your contact information, allowing participants to reach out with any inquiries related to the round.

Voting duration, number of votes per person, and contact.

1. Set Funding Amounts:

   Amount in Open Funding Pool: This indicates the total funds available for distribution during this round.

   Expected Amount: This helps set expectations for both voters and project applicants regarding potential funding allocations.

You can also check "Open Funding Pool," which allows anyone to donate to the pool.

1. Turn "Allow Applications" on if you want to open your rounds to anyone. Check "Video Required" to ensure that only projects with video are allowed to join.

   Maximum Number of Allowed Applications: This ensures that only a specified number of projects can participate in the round.

   Application Duration: Define how long projects have to submit their applications.

1. Establish Cooldown Period: To enhance transparency and manage payouts effectively, You can set a cooldown period, which is the interval between when voting ends and when payouts begin. This period is for voters or the audience to investigate or report if fraud is indicated.

1. You can indicate whether compliance is required, meaning that projects must undergo KYC verification with Potlock’s KYC partner.

   If a project fails to complete this process within the compliance period, any funds earned will be redirected to a designated address and Compliance Deadline is also set to ensure all projects complete their KYC checks on time.

1. If grantees do not complete compliance when required, the funds will be transferred to the address defined in the "Remaining Funds Redistribution."

1. You can add available projects manually. At least ten projects must be added to ensure sufficient competition and engagement within the round.

2. Assign Admins (Optional): You have the option to assign admins who will assist in managing the round, overseeing applications, and facilitating smooth operations throughout. Finally, click "Create Round."

You will be required to sign after clicking "Create Round", then you can see your round available in the home page.