If some Real estate doesn’t get sufficient commitment but gets very high amount of commitment, and also
it has the fulfill all the criteria then what will happened to that IRO? Do you have any fund to fulfill the gap and make it happen?
Hi, CitaDAO will not use any funds to fulfill any funding gaps. CitaDAO will operate as a DAO and have its own DAO treasury. There could however, be the case whereby members of the DAO propose and vote to use the treasury funds to commit to an IRO. If the vote is successful, the proposal will go through.
But other than that, CitaDAO will not be involved with funding any of the IROs. The success of an IRO will totally depend on the interest of the community. Hope that clears the air!