Treasury
A treasury with no key.
Your round's money waits in a contract on Solana with no private key. Neither Krows nor you can take it outside its rules: it only leaves through three doors, all in plain sight.
The opportunity
On most platforms, a round's money passes through an account owned by the platform. If it closes, goes bankrupt or makes a mistake, everyone's money is stuck.
Investors depend on the platform and the founder doing the right thing, and have little say once they have paid. The founder, in turn, carries the distrust this creates.
On Krows the money does not pass through anyone: it goes from the investor's wallet to the project's treasury, a public program on Solana. The rules to take it out are the same for everyone and anyone can check them.
An account that is a program. And a program cannot be bribed.
The treasury is an address on Solana owned by a program, not by a person. There is no password to steal and nobody who can sign a withdrawal: money only moves when the program checks that one of its rules is met.
- Public balance: anyone can see how much is there and every transaction in a Solana explorer.
- Verified contract: the code that governs the money is public and does not change by surprise.
- No admin keys: Krows has no back door.
Program account
VerifiedTes4…9xQOwnerkrows_treasuryAuthorityPDA · no private keyBalance80,000 USDCThere are only three exits. All of them written into the contract.
Getting in is easy: every investment goes straight to the round’s treasury. Getting out is only possible through these three doors.
Approved milestone
The founder requests the release, investors vote for 3 days and, with 51% in favour, the milestone amount goes to their wallet.
How milestones workFree withdrawal
Only for founders with a trust score of 76 or more. It needs no prior vote, but investors can reject it afterwards.
Free withdrawalsClosure and payout
If a referendum approves it, the project is abandoned or its trust score drops below 20, what is left goes back to investors.
The referendum
If the project goes wrong, investors decide.
The referendum is the emergency brake. It closes a project that has stopped delivering and returns what is left to the people who funded it.
of investors request it. Until then, nothing changes.
of votes must be in favour to close the project.
of the treasury goes back to investors, in proportion to their tokens.
For the founder
Calling a referendum takes 3 points off the founder's trust score and 3 off the project's, even if it does not pass in the end.
How it is calculatedFor investors
Any investor can propose it. It is only called if enough people ask, so no single person can block or force it.
Other ways to close
If the founder misses 5 reports in a row with no activity in the chat, the project is considered abandoned and the treasury is paid out the same way.
See reportsWhat if Krows disappears? The money stays where it was.
Krows is the website and the tools on top. The money lives in the contracts on Solana, which keep working even if Krows stops existing: investors can keep voting and recovering funds under the same rules.
Open infrastructure| Traditional platform | Krows | |
|---|---|---|
| Who holds the money | A platform account | A keyless contract on Solana |
| Who can move it | The platform and whoever has access | Nobody outside the contract's rules |
| If the platform closes | Depends on a legal process | The contract keeps working |
| Can it be verified | When the platform publishes it | At any time, on the blockchain |
Frequently asked questions About the treasury.
What exactly is the treasury?
It is an address on the Solana blockchain controlled by a program (a PDA). Unlike a normal wallet, it has no private key: nobody can sign a withdrawal by hand. Money only moves when the contract's rules are met.
Can Krows touch a round's money?
No. Krows holds no key to the treasury and cannot sign transactions on it. Krows is the technology provider; it does not hold funds.
Can the founder drain the treasury?
No. The founder only receives money through milestones approved by investors or, with a trust score of 76 or more, through free withdrawals that investors can reject.
What happens to the money if the project closes?
Whatever is left in the treasury is shared among investors in proportion to their tokens. The same happens if a referendum passes, if the project is abandoned or if its trust score drops below 20.
What happens if Krows stops existing?
The money stays in the contracts on Solana, not with Krows. Investors can keep voting and recovering funds under the contract's rules, even if the Krows website is gone.
Where can I see a treasury's balance?
On each project's page and in any Solana explorer using the treasury address. Transactions are public and cannot be deleted.