FAQ

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?

Thank you for your presale purchase of the Pet Community Fund NFT. Once your NFT drops, you will receive an email from support@vicinft.com with instructions. Please check your junk/spam and promotions tab if you don’t see the email.

Your community roadmap will be updated with the drop date once available.

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 100 nominations will receive donations. 50% of the charitable donation from each NFT purchase goes to the nominated coffee shop. The other 50% will be placed in the Pet Community Fund, and DAO members will vote to determine where these funds will go.

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 $10,000, 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, ViciN​​FT 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 Fund Community NFT you purchase, you can nominate an animal facility in need (US-based only) and place a vote in the DAO. Your NFT is dynamic and will regularly update to display the total amounts raised for both the Pet Fund Community and the shop you nominated.

Pet Fund Community
80% of net proceeds go into a Pet Fund Community controlled by the DAO. When the PFC reaches $10,000, the DAO will vote on which animal facility will each receive funds.

Nominate Shops in Need
Purchase an NFT and nominate an animal facility you’d like to support. For every 100 nominations, a facility will receive $1,000 from the Pet Fund Community.

Join the DAO
Each NFT you own is a DAO vote, and the Pet Fund Community will decide which facility will receive assistance. Visit our FAQ to learn more.

Dynamic NFT
The NFT image will update to show Pet Fund Community progress, such as total funds raised, how the facility you nominated is progressing and when DAO voting will occur.

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. When the PFC reaches $10,000, the community (NFT owners) will vote on which animal facility will each receive the 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.

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.