# Jurassic Finance ($RAWR) — Backable raise > Machine-readable companion to https://permissionless.metadao.fi/raises/F5A6BchpqGbbBABtgRycJZGkqy2i5AgVJP1VKW5AGotG > 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. Tokenized Dinosaurs ## Status - state: OVERSUBSCRIBED - goal (hard cap on what the project receives): $200,000 - committed: $15,287,173.3 across 906 backers - demand: 76.4× the goal - raised (received by the project): $200,000 - claimable back by backers: $15,087,173.3 - split of raised: $160,000 treasury · $40,000 liquidity ## The deal - token price at goal (everyone pays this): $0.02 - MCAP at open (team package excluded): $258,000 - FDV (all tokens, locked included): $516,000 - 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: 18 months - unlock ladder (3-month TWAP must hold each price): 2× → $0.04 · 4× → $0.08 · 8× → $0.16 · 16× → $0.32 · 32× → $0.64 - monthly budget after funding (onchain ceiling): $8,000 - at close (escrow releases): $160,000 to treasury (80.0%) · $40,000 seeds liquidity - runway at that budget: ~20.0 months ## Protections (identical for every raise) - Commitments sit in escrow; the team receives $0 unless the goal is met. - Goal missed → every backer claims back 100% of principal. The claim is a transaction the backer sends themselves; nothing arrives automatically, nobody can refuse it, and there is no deadline. - 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 project'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 project 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): 3/9 — missing: six required answers, market size cites a source, a metric with a date, a founder-stated risk, a named, linked team member, demo, docs or code linked - B1 transparency filing: filed - concentration: top wallet EheNvn2Np81bRqRj2bXNUzTCCngDzqD8ExVp4Dv5jTmr holds 3.5% of committed capital (sample: first 200 funding records) - vetting: none — anyone can publish a raise for $15; do your own research ## Founder claims (unverified — absence is itself a disclosure) - edge, in the founder's words: not provided - commitment (self-stated): not stated — that silence is an answer - founder-stated TAM: not provided - metrics: none provided ## Links (founder-provided — verify control yourself) - website: https://jurassic.finance/ - x: https://x.com/JurassicFi ## Onchain - raise: F5A6BchpqGbbBABtgRycJZGkqy2i5AgVJP1VKW5AGotG (v0.7) - token mint: 4K1m7gAMDKzrxQn68yuZAd767w57Fw7Ykw69dG3umeta - quote mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v - base vault: 6sdvY46WgZS1U8idcyyr7fvE5sSAJS6XyhJ9Hxg1amCF - quote vault: DdotyKC42NfFvLkYegyrAcTPHWKAN11dqiPYAfa7CKsa - authority: LRrTQLqFzAPxjschuAKQAqH1XHBuBgHqwhybENStARt ## Founder's pitch (verbatim, frozen at publish, unreviewed) **Jurassic Finance: Tokenizing Museum-Grade Dinosaur Fossils on Solana** Jurassic Finance Labs is raising to build, operate, and scale the platform that brings Sotheby's-level collectibles to retail. Jurassic Finance is for anyone who wants exposure to the alternative assets that have historically been locked behind the multi million dollar minimums. **What we're building** Jurassic Finance Labs will originate, authenticate, and structure individual fossil SPVs. Each SPV is a standalone vehicle with its own token, holding legally enforceable fractional ownership of a single authenticated specimen. $RAWR is the governance and ownership token of the Labs entity. $RAWR holders also govern every SPV the Labs entity launches, meaning a single $RAWR position carries governance rights across the full Jurassic Finance fossil portfolio, not just the Labs operating treasury. **Use of Funds** **Raise I** — Jurassic Finance Labs: - 50% — 12 months of runway (team, operations, infrastructure) - 12.5% — Legal fees (SPV structuring, Cayman setup, regulatory counsel) - 37.5% — Strategic FOSSIL fund (seed capital for business model proposals — buybacks, lending market liquidity, bootstrapping) **Raise II** — First SPV ($1M, Q3 2026): A separate raise to acquire the inaugural authenticated Triceratops head. $TRCH1 holders receive direct economic rights to the underlying specimen. Not part of this Futardio round. **Monthly Allowance** The team operates on a defined monthly allowance of $8,000. Any expenditure beyond that requires a futarchy proposal and market approval. **Why fossils** - The only major collectible asset class with no fractional infrastructure - Authenticated specimens are scarce, finite, and provenance-verifiable - Auction prices have been breaking ceilings — 9-figure sales are now routine - Universally legible — everyone understands what a T-Rex skull is - High-margin, low-frequency acquisitions suit transparent on-chain reporting - Crossover appeal between crypto-native buyers and traditional collectors **Upside case** We're not selling a 100x venture outcome. We're selling a real business with a clear path to a $20M–$50M operating entity over 3–5 years. The math: a single mid-tier fossil SPV ($1M–$5M acquisition) generates origination fees, ongoing platform fees, and lending market spread for the Labs entity. Five to ten SPVs over 24 months, a realistic pipeline given current authenticated supply, produces enough recurring fee income to compound the treasury without further dilution. The lending market against SPV tokens (Q4 2026) adds a second revenue stream that scales with TVL. A $400K–$500K FDV at launch with $RAWR governing the full portfolio means the math works for Futardio investors at outcomes far short of unicorn territory. We've designed this to be fundable on its actual probability of success, not on a tail-risk distribution. **Demand** - Support from Solana Foundation, Toly, and other ecosystem leaders - 100+ inbound inquiries from potential advisors, investors, and funds - Organic traction: 3,300+ waitlist signups, 1,400+ followers, 150K+ X impressions in 25 days - Public endorsements from operators across Solana Labs, Solana Foundation, Umbra Privacy, Phase, USDT0, Jupiter, and others Rally has $500M in assets and Masterworks has 880K users, both proving one thing: people desperately want access to high-value collectibles they'd never afford outright. Both are Web2, centralized platforms with no onchain ownership, no secondary liquidity, and no value accrual while you hold. Their assets sit in a warehouse collecting dust, while ours are displayed in museums gaining value through scientific research, press coverage, and public exposure. **What we've done so far** - Completed investor deck and public-facing thesis article - Built full visual identity system - Cayman SPV structure scoped with legal counsel - Domain, brand, and core social channels live (jurassic.finance, @JurassicFi) - Validated demand: 3,300+ waitlist signups and 100+ inbound inquiries pre-launch - Preparing submissions for Colosseum Frontier (deadline May 11) **Team** Sora — CEO - COO at Blockformer - 3 years in marketing at LandX, a project tokenizing farmland commodities on Ethereum - Top 1% Solana content creator on X - Completing Project Manager degree at PMC University, Belgrade Vukan — COO - Founder of Blockformer, a Solana creative studio focused on organic social growth and video content - Notable clients include MetaDAO (Ownership), Streamflow, Jupiter Exchange, Solflare - Generated 100M+ impressions across 1,000+ content pieces for 30+ clients and partners - Former Marketing Manager at an early multi-chain NFT marketplace - Communications degree from Bar-Ilan University, Tel Aviv We've spent the last three years operating publicly on Solana. Communicating with markets, holders, and ecosystem partners is the day job. Public-by-default is how we already work. **Emergency authority** If a specimen is at imminent physical or legal risk — fire, theft, regulatory seizure, transit failure — the team is authorized to act unilaterally to protect the asset and ratify the action with governance retroactively. This is a narrow clause limited to asset protection, not strategic decisions. **Specimen sale lockup** Once a specimen is acquired by the Labs entity or an associated SPV, no proposal to sell that specimen may be brought to governance for a minimum of 24 months from the acquisition date. This protects against short-horizon market behavior and ensures specimens have time to appreciate and build narrative value before any liquidity event is considered. **Roadmap** - **May 8, 2026**: MetaDAO permissionless ICO opens — $RAWR — $200K target, 7-day window - **May 11, 2026**: Colosseum Frontier hackathon submission deadline. SuperteamBLKN Buildstation participation **Q3 2026** - First SPV — Triceratops head ($TRCH1), managed by $RAWR. ~$1M raise to acquire the first authenticated fossil and tokenize it on Solana. Launch the Jurassic Finance Labs Strategic - Reserve — 15% of treasury used to buy back $TRCH1 from early sellers at ~$0.80 on the dollar (terms subject to refinement) **Q4 2026** - Launch lending-borrow market against SPV tokens at 50% LTV, 15% APR. Funded by the Jurassic Finance Labs Strategic Reserve **2027** - Launch multiple SPVs across additional specimens. Launch liquid marketplace for SPV token secondary trading *All figures are approximate and subject to change. Expenditures beyond the monthly allowance require futarchy approval. **Long-term vision** The goal is to prove that decentralized governance can coordinate the origination, custody, and fractionalization of real-world collectibles transparently, starting with the most universally recognized asset class no one can own. Worst case, a fully transparent, community-governed fossil tokenization platform. Best case, a blueprint for futarchy-directed RWA infrastructure across every asset class that has been gated by capital, geography, or institutional access. This is finance rebuilt for the past. **Links** Website: https://jurassic.finance X: https://x.com/JurassicFi ## 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