FAQ
1. How to nominate an animal facility?
After you’ve completed your purchase, visit https://petcommunityfund.io/nominate. Follow the prompts to connect your wallet, and you can then nominate a animal facility.
2. Why was petcommunityfund.io created?
The Pet Community Fund (PCF) is a community of pet lovers who want to give back. By joining the PCF Community, you can create a MyPet Passport for your pet, which will live on the blockchain forever. You will also be able to nominate or donate to your favorite animal rescue organization and vote to decide where the PCF funds are distributed. PCF Community members become pet advocates by helping to support their favorite animal rescue organizations. Help make a difference in a pet’s life today.
3. What animal facilities qualify?
What constitutes an animal facility that needs help?
Any animal facility struggling due to the coronavirus pandemic, labor shortages, natural disasters, or other circumstances beyond its control can be nominated for assistance.
Are animal facilities vetted?
Yes, we will verify the animal facility’s name and location (city/state) and confirm they are not a chain coffee shop with more than 5 locations.
4. Who decides which animal facilities are awarded the donation?
Animal facilities with at least 50 nominations will receive donations. 50% of net proceeds go into the Pet Community Fund (PCF) controlled by the community. When the PCF reaches $50,000, the community will vote on how the PCF will get distributed. Pet Community Fund Distributions are as follows:
PCF: 50%
Nominations: 20%
Humane Society: 10%
SPCA: 10%
Pawboost: 10%
6. What is an NFT?
At the most basic level, a non-fungible token is a one-of-a-kind, verifiable digital asset that can be exchanged between a creator and a buyer. The one-of-a-kind characteristic is essential in distinguishing NFTs from other digital assets; one NFT is not interchangeable for another, like a dollar bill or a share of stock, but is unique and has its own value.
5. What is a DAO?
A DAO (Decentralized Autonomous Organization) is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed-upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited.
6. How does DAO voting work?
When the PCF reaches $50,000, the community (NFT owners) will vote on which animal facilities will each receive funds. Animal facilities will also receive $1,000 out of the fund for every 100 nominations. Once voting begins, community members will have 7 calendar days to place their vote.
7. How do animal facilities get paid?
After the voting has ended, ViciNFT will award the winning animal facility the funds based on the Pet Community Fund agreement.
8. Can an animal facility win more than once?
No. We want to ensure that each animal facility has a fair shot at support However, an animal facility can continue to receive nominations, entitling them to 50% of the charitable proceeds from the nomination/NFT purchase.
9. What wallets are supported?
MetaMask and Magic wallets are supported. If you don’t have a digital wallet, simple instructions on setting up a Magic Wallet are provided after your purchase.
10. Can it be traded/gifted?
Yes, you can gift upon checkout when entering wallet information.
11. Is there a purchasing cap?
We limit each order to 100 NFTs, but you can place as many orders as you want.
12. What do you get with your purchase?
For each Pet Community Fund NFT you purchase, you can nominate or donate to an animal rescue organization of your choice. Your NFT is dynamic and will display the name of the organization you nominated and the total amount in the Pet Community Fund.
In appreciation of your support, you will be able to create your very own MyPet Passport for free to honor your pet forever on the blockchain.
Nominate an animal rescue organization to support: https://petcommunityfund.io/nominate
Pet Community Fund NFT Benefits
Additional Donation
For every 50 nominations, the organization will receive $1,000 from the Pet Community Fund.
Your NFT is Dynamic
The Pet Community Fund NFT is dynamic and will display the name of the organization you nominated along with the amount in the Pet Community Fund.
An NFT to Celebrate Your Pet (Coming Soon)
In appreciation of your support, you will be able to create an additional NFT to celebrate your pet forever on the blockchain. You will be able to upload a photo of your pet, their name, and their story. This feature will be available in early 2023.
Check out the community progress here!
13. Can I change my animal facility choice after purchasing?
Votes can’t be changed once placed. However, you can purchase additional NFTs to vote for a different animal facility.
14. Will we know what the animal facility does with the money?
Yes, we ask that the animal facility post what they do with the funds on Social media.
15. Can I nominate more than one animal facility?
You can nominate one animal facility with each order. To nominate a different animal facility, you can place a separate order.
16. Where can I see a list of the nominated animal facility?
View nominated restaurants at https://petcommunityfund.io//community
17. When/How are winners announced?
Winners will be announced on the webpage and published on the blockchain.
50% of net proceeds go into the Pet Community Fund (PCF) controlled by the community. When the PCF reaches $50,000, the community will vote on how the PCF will get distributed. Pet Community Fund Distributions are as follows:
PCF: 50%
Nominations: 20%
Humane Society: 10%
SPCA: 10%
Pawboost: 10%
18. Do I have to vote for the animal facility I nominated?
No. Once voting is open, you can vote for any nominated animal facility .
Need assistance? Email us at support@vicinft.com, and we will get back within 24 business hours.