# MimiKrew ($KREW) — Backable raise > Machine-readable companion to https://permissionless.metadao.fi/raises/GNdWZYqnTZPLxAQ8VivUqQ3PE4i7KHnXL2TzjprbzTut > 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. First Collective Pokemon Gacha on Solana Fund together. Rip together. Win together. Own together. ## Status - state: OVERSUBSCRIBED - goal (hard cap on what the company receives): $20,000 - committed: $354,144.95 across 51 backers - demand: 17.7x the goal - raised (received by the company): $20,000 - claimable back by backers: $334,144.95 - split of raised: $16,000 treasury · $4,000 liquidity ## The deal - token price at goal (everyone pays this): $0.002 - MCAP at open (team and existing-investor tokens excluded): $25,800 - FDV (all tokens, locked included): $51,600 - 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): 2x → $0.004 · 4x → $0.008 · 8x → $0.016 · 16x → $0.032 · 32x → $0.064 - monthly budget after funding (onchain ceiling): $2,000 - at close (escrow releases): $16,000 to treasury (80.0%) · $4,000 seeds liquidity - runway at that budget: ~8.0 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 x1QVszZiibBzywo91M5KfnVTws9C5H9j9wE7sfE7BxS holds 19.0% of committed capital across 51 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: MimiKrew combines shared funding, live group reveals and proportional payouts, letting collectors enjoy Pokémon gacha together through public Hunts or private Krews. - founder commitment (self-stated): full-time on this — your only job, starting now. - customers: Pokémon collectors, onchain gacha users, and creator communities who want to open packs together. - why they buy: To share the cost and excitement of pack openings with friends or a community. - how the founder knows it solves a real problem: Twenty years of collecting and conversations with interested collectors inform the idea. Pokémon has always been about sharing. - founder-stated TAM: $20000M (source: https://dataintelo.com/report/global-gacha-games-market) - metric — Monthly revenue: $0 (as of 2026-10-03) - what exists today (founder-reported): 0 of 1 parts live - MimiKrew V1: building ## Links (founder-provided — verify control yourself) - website: https://mimikrew.xyz - x: https://x.com/MimiKrew - telegram: https://t.me/sparkdotfun/12250 - demo: https://mimikrew.xyz - contact: https://x.com/cryp_theo - other: https://fairscale.xyz/business/mimikrew ## Onchain - raise: GNdWZYqnTZPLxAQ8VivUqQ3PE4i7KHnXL2TzjprbzTut (v0.7) - token mint: 5Xg5fq7PgLNafbgXYfpWNmPhYpkSMEAqb7SPeHNdmeta - quote mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v - base vault: 4YzevPzKcdeemrevdqx4Ucea3PZgyNtekXWCFnjgveRP - quote vault: 3iPvSFC2uWQKcaAXG87eooNU8yEhSpeo5z7ecgTvMLJD - 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 Pokemon collectors can open packs online, but opening together means coordinating contributions, deciding what happens to the cards and splitting resale proceeds. Friends and communities need a simple way to fund the same opening, experience the reveals together and receive their share. ## The edge in one line MimiKrew combines shared funding, live group reveals and proportional payouts, letting collectors enjoy Pokémon gacha together through public Hunts or private Krews. ## Who it's for Segment: Pokémon collectors, onchain gacha users, and creator communities who want to open packs together. Role: To share the cost and excitement of pack openings with friends or a community. Trigger: Twenty years of collecting and conversations with interested collectors inform the idea. Pokémon has always been about sharing. ## Market size Founder-stated TAM: $20000M ([source](https://dataintelo.com/report/global-gacha-games-market)) ## Why this, why now Pokémon’s 30th anniversary is a natural moment for collectors to reconnect with the hobby and celebrate together. MimiKrew aims to turn that excitement into shared pack openings, bringing friends and communities together around the cards they love. ## What we're building ### MimiKrew V1 (building) The product is in development. I commit to releasing a functional V1 within one month of a successful raise. ## Traction MimiKrew is not live yet. A demo is in development, built by founder Theo using AI tools with technical and strategy support from Spark. There are no live users or revenue yet. ## Key metrics - Monthly revenue: $0 (as of 2026-10-03) ## Use of funds Of the $20,000 raise, $16,000 funds development and operations, and $4,000 seeds token liquidity. Monthly budget: $2,000 - ~$1,800 founder compensation - ~$200 tools and infrastructure 3-month checkpoint Three months after launch, the Spark team reviews MimiKrew's progress together with the community. If the project is not on track, Spark may propose liquidating it and returning the remaining treasury to token holders. The review looks at the whole picture, including: - Active users - Revenue - Token price relative to NAV ## Roadmap ### 2026-10-31 — Launch a functional V1 Release the complete public Hunt flow, including USDC deposits, shared pack openings, the 24 hour card purchase window, resale and proportional payouts. ### 2027-01-01 — Open to new Pack Opening ## Team ### Theo — Founder/CEO Pokémon collector since 2006 with five years of experience in crypto marketing and community growth. Building MimiKrew with AI tools, external development and design support from Spark team. ### Spark — Advisor 10+ years of cumulative crypto experience. Involved in many GTM and product launch strategies. Supporting builders on tech, strategy and network. ## Risks ### Gacha Provider dependency MimiKrew relies on Gacha Provider API, pack availability and buyback service. Changes, outages or restricted access could interrupt openings, card sales and payouts. ## Go to market I will organize the first Hunts with Pokémon collector communities and creators, starting with my existing network. Partnerships, community events and collaborative openings will introduce new users to MimiKrew and encourage repeat participation. ## Differentiation MimiKrew focuses on the collective experience: shared funding, live group reveals and proportional payouts. Public Hunts connect collectors, while private Krews let friends and communities organize their own openings. ### Team (founder-provided) - Theo (Founder/CEO, full-time): https://x.com/cryp_theo - Spark (Advisor, part-time): https://x.com/JustSparkIdeas ## 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. ## Company decisions - https://permissionless.metadao.fi/raises/GNdWZYqnTZPLxAQ8VivUqQ3PE4i7KHnXL2TzjprbzTut#decisions — recent decision markets - https://permissionless.metadao.fi/decisions/GNdWZYqnTZPLxAQ8VivUqQ3PE4i7KHnXL2TzjprbzTut — company decision history - https://permissionless.metadao.fi/decisions/GNdWZYqnTZPLxAQ8VivUqQ3PE4i7KHnXL2TzjprbzTut/create — create a proposal Company decision URLs accept the launch address or organization slug. Market pages accept the full proposal address or market code at /decision/. ## 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