Founder terms

These terms complement the Terms of use and apply to anyone who creates a project and publishes a round on Krows (“founder”). If you act on behalf of a company, you declare you have sufficient authority to bind it.

The founder is the sole issuer and offeror of their project’s tokens and solely responsible for: (a) determining the legal nature of their tokens and the applicable rules (including, where applicable, Regulation (EU) 2023/1114, MiCA, or securities law); (b) preparing, notifying and publishing the white paper or other mandatory documentation; (c) complying with marketing, withdrawal-right, anti-money-laundering and tax requirements; and (d) not targeting restricted jurisdictions with their offer.

Where MiCA requires it, the offeror must be a legal entity. Krows does not review or validate your white paper and does not act on your behalf before any authority.

The token offer is yours, not Krows’. To make a public offer of crypto-assets in the European Union, Regulation (EU) 2023/1114 (MiCA) requires the offeror to be a legal person and to publish a crypto-asset white paper notified to its authority, unless the offer is addressed to fewer than 150 persons per Member State or does not exceed €1,000,000 over 12 months. Even with an exemption, your communications must be fair, clear and not misleading.

Before opening your live round you will need to give your company’s legal name and tax ID and, as the case may be, the exemption you rely on or the link to your white paper. Krows may decline to publish or pause a round that does not provide it.

You must declare in your startup’s panel the wallets of related people who hold or will hold tokens (your team, advisers, partners, relatives up to the second degree and their companies, and your own wallets other than your account’s) and keep them up to date. They can hold tokens but not vote: Krows does not allow voting from those wallets and shows investors how much of the supply the team holds.

Not declaring them, or voting from a related wallet, is a breach: it takes 5 points from your trust score and 3 from the startup’s, your backers are informed and, if repeated, it may lead to removing the startup from the board or suspending your account.

You warrant that all information you publish (project, team, figures, milestones, reports, proof) is true, complete, not misleading and up to date. You must correct any error immediately. False or misleading information leads to trust score penalties, removal of the project from the board and, in serious cases, forced closure.

To create a project you need a user trust score of 31 or more. Each project goes through the statuses created, in review, approved, not launched, pre-launch, active and, finally, inactive or terminated. Krows checks the profile is complete, consistent and linked to your official website; it may reject it without further reasons beyond indicating the unmet requirement. The review is not an assessment of the investment’s quality.

You commit to: defining between 3 and 5 specific milestones with their amounts before launch; providing verifiable proof when requesting each vote; using released funds for the milestone’s purpose; and filing reports at the chosen frequency (biweekly or monthly), which cannot be changed after launch.

If you miss a report in a period, you lose 5 trust points and the project 3. If 5 consecutive periods pass without a report or chat activity, the project is considered abandoned: you lose 20 points and the project closes, with the treasury distributed among investors.

If you and your project have a trust score of 76 or more, you can request treasury withdrawals without a milestone, stating the reason and amount, which will be visible to your investors. A rejected withdrawal costs you 1 point (1.5 for the project) and more than 3 requests in a week, 2 points.

You keep founder status regardless of how many tokens you hold. You can buy back your project’s tokens, but you cannot vote with them on milestones or referendums.

Listing a startup is free. If your round reaches its goal, the contract deducts once 4% of the amount raised as Krows’ fee; if it does not, you pay nothing. Investors pay their own fee when investing. Krows may change its prices with at least 30 days’ notice; a change never affects rounds already open.

Optional services, with the price shown before you buy them:

Priority review (€19.99). If we do not review your listing within 48 business hours, we refund the full amount.

Krows Ads. You top up a balance and pay per click. We refund any unused balance if you ask at hello@krows.app. Ads promote the startup and its product, never its round: they do not show the amount raised or the target, and are always labelled as sponsored.

Posts on Krows’ social networks. Full refund if you cancel at least 48 hours before the booked slot or if Krows does not publish it. Once published there is no refund. The post covers the product, the team or news, not the round or how to invest, and Krows may reject a text that breaks this rule, refunding you.

Visibility services do not mean that Krows markets, recommends or analyses your offer.

You keep ownership of your content (texts, logos, photos, videos, music, documents). You warrant that you hold all the rights needed to publish it, including content created or edited with artificial intelligence tools, and that it does not infringe third-party rights or include other people’s personal data without a legal basis.

You grant Krows a non-exclusive, free and worldwide licence to host, reproduce, adapt to the platform format and display it on the platform and in communications about Krows while your startup is published and for as long as needed to keep investors’ history. If a third party claims over your content, you will answer to them and hold Krows harmless.

You will hold Krows harmless against claims, penalties and costs (including reasonable legal fees) arising from your offer, the information you publish or your breach of these terms or applicable law.