# Waldbier ($WBBR) — Backable raise

> Machine-readable companion to https://permissionless.metadao.fi/raises/BFLcc7zC8cxWCBGBtNfMsHU1g1dgVjzSSBqHHdP6gdGM
> Deal terms and escrow figures come from onchain and API records. The pitch
> is the founder's own frozen text — Backable is permissionless and nobody
> reviewed it. Listing is not endorsement.

Building a real Amazonian business on-chain through physical assets, production, community and RWA infrastructure.

## Status

- state: CLAIMABLE
- goal (hard cap on what the company receives): $90,000
- committed: $70.01 across 3 backers
- raised (received by the company): $0
- claimable back by backers: $70.01

## The deal

- token price at goal (everyone pays this): $0.009
- MCAP at open (team and existing-investor tokens excluded): $116,100
- FDV (all tokens, locked included): $232,200
- total supply (fixed; minting needs a market-approved proposal): 25,800,000
- supply split: backers 10,000,000 (38.8%) · liquidity 2,900,000 (11.2%) · team 12,900,000 (50.0%)
- share of supply sold to backers: 38.8%
- team lock before any unlock: 24 months
- unlock ladder (3-month TWAP must hold each price): 2x → $0.018 · 4x → $0.036 · 8x → $0.072 · 16x → $0.144 · 32x → $0.288
- monthly budget after funding (onchain ceiling): $10,000
- at close (escrow releases): $72,000 to treasury (80.0%) · $18,000 seeds liquidity
- runway at that budget: ~7.2 months

## Protections (identical for every raise)

- Approved aligned parties are selected per raise. The raise page lists selected
  wallets at $0 until they commit, then updates their gross commitments before refunds.
- Commitments sit in escrow; the team receives $0 unless the goal is met.
- Goal missed → every backer can claim 100% of principal. The claim is a
  transaction the backer sends themselves; nothing arrives automatically,
  nobody can refuse it, and there is no deadline.
- Oversubscribed → the goal is split pro rata by weight: time in escrow ×
  early-fill boost × Ownership Score multiplier (none = no extra weight, log
  scale to a fixed cap, read from the committing wallet at close; linked
  wallets do not combine). Nobody is approved for more than they
  committed; the rest is claimable the same way.
- After funding, spending above the published monthly budget requires a
  proposal decided by decision markets, not by the team.
- Tokens are not equity and may be worth nothing.

## What the token is, and is not

Both halves matter, and reading either alone gives the wrong answer.

**It is not** a security, equity, loan or ownership interest. Holders
have no legal title to any asset, no claim on revenue, no fiduciary duty
owed to them, and no ownership of the Cayman segregated portfolio that
holds the company's IP. There is no promise of return, buyback or
future utility.

**It is** a governance claim in a decision market. The treasury is
governed by that market rather than by the team, spending above the
published monthly budget has to pass it, and the segregated portfolio is
contractually required to abide by certain of its determinations. The
market can also stop funding the company and direct the money elsewhere.

So "the DAO controls X" and "holders own nothing" are both accurate: the
first is control through the mechanism, the second is legal title.

**The mechanism is the top of the stack.** The constraints above are the
structure's current settings, not its ceiling — the operating documents
are themselves subject to the decision market, within the scope those
documents define. This is the point most readers miss, and it cuts in
both directions, which is why it is not a reassurance:

- The market can authorise things nobody promised at the raise.
- The market can also withdraw things a backer assumed. It "may revoke
  funds out of the pool at any time, or may cease using the funds for the
  currently contemplated project" (fundraise terms, paragraph 5).
- Governance power is not legal effect. The market deciding to do a thing
  does not by itself make that thing lawful or effective; anything with
  its own regulatory path still has to travel it.

The correct reading is therefore not "the page and the terms contradict
each other" but "nothing here is fixed except the escrow and the claim."
Score the raise on that basis. A page describing what the mechanism could
authorise is not making a promise; a page claiming holders *own* an asset
outright is overstating it, and that is still worth flagging.

## Diligence signals

- disclosure score (mechanical — counts what the founder chose to show, not idea quality): 8/8 — complete
- B1 transparency filing: filed
- concentration: top wallet FRKBLuELgqP3mdWVCrMFWCujiY2j8aRt2LhMnp9TKP28 holds 71.4% of committed capital across 3 backers
- vetting: none — anyone can publish a raise for $15; do your own research
- investors on record before this raise: none

## Founder claims (unverified — absence is itself a disclosure)

- edge, in the founder's words: Building an Amazon-rooted craft beer business with real assets, proprietary products and WBBR, a utility token connecting customers and community to a transparent, on-chain business.
- founder commitment (self-stated): part-time, then full-time — full-time once the raise funds.
- customers: Beer consumers, bars, restaurants, distributors, and commercial partners. We will start in Rondônia, gradually expand online sales across Brazil, and explore future opportunities within the global Web
- why they buy: Brazil has a strong beer culture and a market that continues to attract investment.
- how the founder knows it solves a real problem: Our beers have received positive feedback from consumers, businesses, bars, and partners connected to Amazonian products. We have identified demand that exceeds our current production capacity.
- founder-stated TAM: $2700M (source: https://www.imarcgroup.com/report/pt-br/brazil-craft-beer-market)
- metric — Monthly revenue: $0 (as of 2026-10-09)
- metric — Monthly profit: $0 (as of 2026-10-09)

## Links (founder-provided — verify control yourself)

- website: https://waldbier.com.br
- x: https://x.com/waldbierbr
- telegram: https://t.me/duarteafo
- demo: https://waldbier.com.br/raise
- blog: https://x.com/duarteafo
- other: https://instagram.com/waldbiercervejaria

## Onchain

- raise: BFLcc7zC8cxWCBGBtNfMsHU1g1dgVjzSSBqHHdP6gdGM (v0.7)
- token mint: 9jvxnyTkZyVGe1HdfMGyXhtbenPPRcwTDuCh8mNWmeta
- quote mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
- base vault: FWBUhWVSPi7DKpq5kSCyxpie9wMvfaMC5tDw11KYXLer
- quote vault: HANEM7BV2YsHDUeZKZfVSqQEkg7CakZkTrNJfXuraHeQ
- authority: LRrTQLqFzAPxjschuAKQAqH1XHBuBgHqwhybENStARt

## Founder's pitch (verbatim, frozen at publish, unreviewed)

> Under "Who it's for", Segment, Role and Trigger answer the builder's questions
> "Who are your customers?", "Why will they buy it?" and "How do you know it
> solves a real problem?" — see Founder claims above.

## The problem

Small real world businesses often struggle to access growth capital, while on-chain fundraising can lack a clear connection to productive assets and measurable business progress.
Waldbier addresses this gap by building a real business through transparent, on-chain financing.
Founded in Rondônia, in the Brazilian Amazon, Waldbier has developed proprietary craft beer products, established its brand and gained media attention and interest from potential customers and commercial partners. The brand has sold products before and is now restructuring and validating its portfolio ahead of broader commercial expansion.
The immediate challenge is to build the infrastructure needed to increase production capacity and develop distribution.
Our goal is to connect capital to tangible assets, production, sales and measurable milestones, allowing the community to follow the underlying business rather than just a token narrative.
Waldbier is the first use case for a broader thesis: making the financing and development of real companies more transparent and accountable through blockchain.

## The edge in one line

Building an Amazon-rooted craft beer business with real assets, proprietary products and WBBR, a utility token connecting customers and community to a transparent, on-chain business.

## Who it's for

Segment: Beer consumers, bars, restaurants, distributors, and commercial partners. We will start in Rondônia, gradually expand online sales across Brazil, and explore future opportunities within the global Web

Role: Brazil has a strong beer culture and a market that continues to attract investment.

Trigger: Our beers have received positive feedback from consumers, businesses, bars, and partners connected to Amazonian products. We have identified demand that exceeds our current production capacity.

## Market size

Founder-stated TAM: $2700M ([source](https://www.imarcgroup.com/report/pt-br/brazil-craft-beer-market))

## Why this, why now

Waldbier has moved beyond the idea stage: the brand, proprietary products and initial market validation already exist. The next bottleneck is productive infrastructure and growth capital. Meanwhile, blockchain infrastructure offers new ways to raise funds, track capital deployment and share verifiable progress. This is the opportunity to connect an established real-world foundation with transparent, on-chain financing.

## Traction

Waldbier is an established Brazilian craft beer brand with a registered trademark, original recipes, traditional beer lines, active digital channels, and functional production infrastructure. Our products have been tested by consumers, bars, businesses, and commercial partners, generating positive feedback and demand signals exceeding our previous production capacity of up to 1,000 liters per month. We estimate potential demand above 5,000 liters, based on market interest and commercial feedback, although this is not fully confirmed purchase volume. Production is temporarily paused while we seek funding to expand capacity, modernize facilities, and meet operational requirements. Our next phase will focus on serving Rondônia and gradually expanding online sales across Brazil. Longer term, we plan to connect physical products with real-world token utility and develop complementary revenue streams, including spent-grain reuse for animal feed.

## Key metrics

- Monthly revenue: $0 (as of 2026-10-09)
- Monthly profit: $0 (as of 2026-10-09)
- Customers: 

## Use of funds

Waldbier is an established Brazilian craft beer brand with a registered trademark, original recipes, traditional beer lines, active digital channels, and functional production infrastructure. Our products have been tested by consumers, bars, businesses, and commercial partners, generating positive feedback and demand signals exceeding our previous production capacity of up to 1,000 liters per month. We estimate potential demand above 5,000 liters, based on market interest and commercial feedback, although this is not fully confirmed purchase volume. Production is temporarily paused while we seek funding to expand capacity, modernize facilities, and meet operational requirements. Our next phase will focus on serving Rondônia and gradually expanding online sales across Brazil. Longer term, we plan to connect physical products with real-world token utility and develop complementary revenue streams, including spent-grain reuse for animal feed.

## Team

### Luciano Duarte — Founder/CEO

I built Waldbier, a Brazilian craft beer brand, and Lance Seguro, a digital business later acquired by an agency. I’ve managed teams of up to 120 and been in crypto since 2012. Now I’m combining business, technology and Web3 to build real companies on-chain.

### Fernanda Nagata Garcia — CFO -Chief Financial Officer

Accountant with 9 years in legislative administration and commercial experience. Strong communicator and leader, with extensive networks supporting women. As Waldbier’s CFO, she brings financial discipline, relationships and local knowledge from Alta Floresta D’Oeste.

### Janderson Bezerra da Silva — COO - Chief Operating Officer

Accountant with nearly 20 years in government, specializing in management, organization and teams. Experienced in large-scale auctions and social initiatives, including APAE and Hospital do Amor. As Waldbier’s COO, he brings strong operational execution and efficiency.

### Claudinei Alves de Carvalho — CLO -Chief Logistics Officer

Experienced logistics professional with public and private sector backgrounds. Former senior infrastructure manager overseeing heavy machinery and large vehicles. As Waldbier’s CLO, he brings operational logistics expertise and deep knowledge of Rondônia, where he has lived for 35+ years.

## Risks

### Insufficient funding to execute the expansion.

We will prioritize critical investments, phase implementation according to available capital, and focus first on restoring production and generating revenue. Token-related initiatives will remain complementary, ensuring the brewery’s core operations do not depend on token adoption.

## Go to market

Our first customers are craft beer consumers, local bars, restaurants, retailers and regional distributors in Rondônia. We will begin by converting existing product validation and interest from potential partners into commercial relationships. Initial sales will focus on our home market, supported by direct outreach, tastings, local partnerships and regional events. As production capacity grows, we will expand through distribution partnerships and e-commerce to reach customers across Brazil. Our Amazonian identity and distinctive products, including Robusta coffee beer, will help differentiate Waldbier. The strategy is to grow regionally first, establish repeat demand and reliable operations, then scale nationally. Digital channels and the WBBR ecosystem will complement customer acquisition and engagement as the project develops.

### Team (founder-provided)

- Luciano Duarte (Founder/CEO, part-time, then full-time): https://x.com/duarteafo
- Fernanda Nagata Garcia (CFO -Chief Financial Officer, part-time): https://instagram.com/nagataf
- Janderson Bezerra da Silva (COO - Chief Operating Officer, part-time): https://instagram.com/j.silva14
- Claudinei Alves de Carvalho (CLO -Chief Logistics Officer, part-time): https://instagram.com/carvalho.neyaf

## Raise terms (verbatim, as printed on the raise page)

By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the [Backable Terms of Service](https://permissionless.metadao.fi/terms). Without limiting the foregoing, you also acknowledge and agree to all of the following information, terms and conditions:

The above descriptions, terms, and other content were created, determined, and supplied exclusively by prospective project contributors related to the ICO and are being republished on Backable for convenience of reference only, as third-party content. Backable is a technology platform being used by the prospective project contributors, and the owners and operators of Backable and their respective affiliates are not the persons creating, endorsing, sponsoring, or discretionarily operating the ICO. Backable and its owners and operators and their respective affiliates assume no (and by participating in the ICO or otherwise using Backable, you agree that they shall not have any) responsibility or liability for the accuracy or completeness of the above descriptions, terms and other content, or any other representations, statements, opinions, projections, terms, or information made by or on behalf of the prospective project contributors in connection with the ICO.

The following terms and conditions apply between you, on the one hand, and, on the other hand, both the owners and operators (and their affiliates) of Backable or MetaDAO and the prospective ICO project contributors and related legal entity(ies) and their respective affiliates:

1. **No Guarantees.**
   The Tokens are provided on an "as-is" and "as-available" basis. Participation in the fundraise does not come with any guarantees, promises, or assurances of any kind, including, but not limited to, financial return, performance, future utility, or access to any platform, product, or service.

2. **Not an Offer of Securities.**
   The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. Participation in this fundraise is not intended to be, and shall not be construed as, an offering of securities, nor does it constitute an offer or solicitation in any jurisdiction where such activity is unlawful. You are responsible to refrain from participation in the ICO if your jurisdiction does not permit such participation.

3. **Final Sale, Except As The Program Provides.**
   Except for the amounts the escrow program itself makes claimable as described in paragraph 7, contributions made as part of the fundraise are final. No party has the discretion to refund you, and you will not be entitled to a refund or compensation on any other basis, including loss of value or inability to use the Tokens. Where the program does make an amount claimable, no party has the discretion to withhold it either.

4. **No Liability for Losses.**
   To the fullest extent permitted by applicable laws, neither the organizers of this fundraise nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the fundraise or the Tokens.

5. **Nature of Token MetaDAO Platform ICOs.**
   You acknowledge and agree that the ICO is a transaction entirely by and among ICO participants, in which such participants contribute certain blockchain tokens into the sole control or custody of Solana-based "smart contracts" or "programs" as a method of establishing a decentralized autonomous decision market oriented toward the research, development, promotion and/or utilization of the above-described project. The ensuing market oracle–sometimes also referred to as a type of "DAO"-- is intended to govern both the deposited tokens and aspects of the related project, using "[Futarchy](https://docs.metadao.fi/governance/overview)". These smart contracts or programs exist independently of Backable or MetaDAO, on the Solana blockchain, and do not have a legal "owner" or "custodian", but instead will be controlled by the market-based governance process embedded in the decision market protocol, as expressed in the code of the smart contracts/programs. The deposited tokens do not represent a capital investment in any legal entity (including the legal entity referred to in the following paragraph) or group of managers or entrepreneurs, and the decision market may revoke funds out of the pool at any time, or may cease using the funds for the currently contemplated project or using them to pay the currently contemplated prospective project contributors, and may instead use them for other purposes, as determined by the decision market oracle aka "DAO." The current prospective project contributors will not immediately own or have any discretionary or managerial control of the deposit pool, and any related services such prospective project contributors provide will be on an independent contractor basis to the community, as determined on an ongoing basis by the decision market oracle aka "DAO." The tokens issued by the program/smart contract in exchange for deposited funds are not initially owned by, and are not being sold or offered by, Backable or MetaDAO or the prospective project contributors or any related entity(ies), but rather are issued by the smart-contract/system itself to enable ongoing functionality of the related decision market oracle aka "DAO". Any funds received from the deposit pool by the current prospective project contributors or future project contributors represent retroactive or prospective compensation for work done or to be done by such project contributors that is approved by the related decision market oracle aka "DAO", on the initiative of, and based on the managerial or entrepreneurial efforts of, participants in that market aka "DAO participants".

6. **DAO-Adjacent Entity aka BORG.**
   One or more members of the prospective project contributors may have established a particular type of legal entity related to the project. These entities, known as cybernetic organizations, aka 'BORGs", hold intellectual property related to the project and may receive the funds, if any, determined by the decision market oracle to be paid to the prospective project contributors as compensation for work done or to be done related to the project. BORGs contain special rules designed to provide accountability of project contributors to the community, including prohibiting the issuance of equity securities and requirements to consult the decision market oracle (sometimes on a signaling basis, sometimes on a binding basis) for decisions related to their work on the project and the related intellectual property and assets. Many of these entities are "segregated portfolios" of a Cayman Islands entity called Futarchy Governance SPC. Segregated portfolios provide separate layers of assets and liabilities within this entity, and each particular segregated portfolio is managed in the sole discretion of its "Manager(s)", subject to the terms and conditions of Futarchy Governance SPC and the Operating Agreement of that specific segregated portfolio. The ICO does not represent an investment in the SPC or segregated portfolio, and participants in the ICO and holders of the tokens being issued in the ICO do not have any legal rights in or ownership of the SPC or segregated portfolio, and are not owed any fiduciary or other duties by the participants in the SPC or segregated portfolio, but the SPC, in respect of the segregated portfolio, is legally required to abide by certain determinations of the decision market created by the ICO. Please review the project description above to determine the specific legal entity(ies) or other arrangements identified by the prospective project contributors. You hereby acknowledge and agree that you have reviewed, or had the opportunity to review, the information and documents presented or linked to from that description and acknowledge, consent to and accept the risks of all related legal entities and arrangements.

7. **Understanding the Mechanism.**
   This is an onchain fundraising mechanism with a fixed token supply and a stated funding goal. Commitments are not capped, but the amount the project receives is: everything committed above the goal remains the property of the participant who committed it.
   If the funding goal is not reached by close, every participant may reclaim the whole of their contribution. If the goal is exceeded, each participant may reclaim whatever part of their contribution did not convert into Tokens.
   **These amounts are claimed, not sent.** They are released by the program when you submit a claim transaction from the wallet that made the contribution. Nobody can approve, condition, delay or refuse that claim, there is no deadline for making it, and equally nobody can make it on your behalf. The same is true of the Tokens themselves in a funded raise.
   By participating, you confirm that you understand the [program](https://github.com/metaDAOproject/programs) and have reviewed the relevant documentation available at [https://docs.metadao.fi](https://docs.metadao.fi).

By contributing or attempting to contribute to the fundraise for Tokens, you confirm that you have read, understood, and accepted the terms above.

## How the mechanism works

- https://permissionless.metadao.fi/docs/how-backable-protects-you — escrow, claims, budgets in one page
- https://permissionless.metadao.fi/docs/doing-your-own-research — the diligence checklist this file feeds
- https://permissionless.metadao.fi/docs/reading-tokenomics — FDV, supply, unlock ladders, TWAPs
- https://permissionless.metadao.fi/docs/committed-vs-raised — why committed and raised differ
- https://permissionless.metadao.fi/docs/metadao-2 — MetaDAO 2.0: typed proposals and the adaptable performance package