Disclaimer
While community voting serves as a primary factor in the selection process, the Socious Fund retains full and final discretionary power regarding all funding allocations. The Fund reserves the right to make final decisions irrespective of the voting results to ensure alignment with our core mission, legal compliance, and strategic objectives.
No Guaranteed Funding Outcomes
Winning a community vote does not guarantee the receipt of funds. All funded projects must successfully complete due diligence — including but not limited to AML/KYC compliance, corporate structure verification, and milestone agreement — before any funds are disbursed. The Socious Fund team determines, at its sole discretion, whether due diligence requirements have been satisfied.
Due Diligence and Fund Disbursement
The due diligence process and milestone-based fund release are two separate and independent requirements:
- AML/KYC Compliance: A legal and regulatory requirement. All beneficial owners and entities must pass anti-money laundering and know-your-customer verification before any funds can be disbursed. This is a non-discretionary legal obligation.
- Milestone-Based Fund Release: An accountability mechanism. Funds are released in tranches upon satisfactory completion of milestones derived from the project's Key Deliverables and Goals. This ensures funds are used for the purposes the community supported.
Both requirements must be met independently. Completion of one does not satisfy or waive the other.
No Entitlement to Specific Timelines
The Socious Fund does not guarantee specific disbursement timelines. Due diligence timelines depend on the complexity of each project's corporate structure, regulatory requirements, and the completeness of information provided by the applicant. Delays in providing requested documentation or completing required verifications may result in corresponding delays in fund disbursement.
Right to Withhold Funds
The Socious Fund reserves the right to withhold, delay, or decline disbursement of funds for any reason, including but not limited to: failure to complete due diligence, concerns about regulatory compliance, material deviations from the original proposal, failure to agree on milestones consistent with the project's stated Key Deliverables and Goals, or any other circumstance that the Socious Fund team determines, in its sole discretion, warrants such action.