Click on the ‘Create club’ button and start your journey!
There are 7 steps in creating your club.
We’ll guide you through them!
STEP 1: Basic Information
The first step in creating a club is entering some basic information and choose whether anyone is allowed to apply for membership in your club or you as the club’s founder need to invite new members.
Additionally, you can also connect your club with social networks and upload an image that will represent your club.
Click on the ‘Next step’ and you will proceed to the governance configurations.
STEP 2: Governance Configuration
Governance configuration is related to how members’ voting and ownership rights are distributed and configured.
Choose one of the three offered models and clik on the ‘Next step’ to proceed with the club creation.
STEP 3: Role Configuration
Choose the roles you want to have in your club by selecting them.
In a role-based configuration, members’ voting power is determined by the amount of votes you assign to each role in this step, while their financial rights are correlated to the deposits made during the fundraising stage, same as for deposit-based club.
In case you’ve chosen the NFT-based club configuration, you will first need to provide the mint address of the NFT collection you want to build your club around. Only minted collections that follow Metaplex token metadata standard v1.1.0 can be used for the NFT-based clubs*
Here you will also need to determine the total votes available for voting on your club’s proposals. Members voting power is determined by the number of NFTs from the chosen collection they have in their wallet.
When voting on proposals, they will need to select the NFT(s) from their wallet for the platform to approve their vote.
In the next step, you will also be able to choose the roles you want to have in your NFT-based club.
*Unique.vc NFT governance model are built using the NFT voting plugin of SPL governance. The plugin grants governance power to NFTs based on the Metaplex Certified Collection they belong to. Metaplex supports certified collections from version 1.1 of the standard. Only certified NFT collections can be used for the NFT-based governance model.
STEP 4: Add Members
The next step in the club creation process is adding members. The club founder can add new members by entering their PublicKeys and assigning roles.
Voting power of each member will be determined based on the chosen governance model.
When members are added, invitations will appear to the users whose PublicKeys were provided. Once the invitations are accepted and transactions are signed, the users become members of the club.
STEP 5: Fundraising Configuration
The next step in the process of creation your club is defining the fundraising configuration.
The founder can set up the Cap for club’s treasury. Once the predefined hard cap/amount is reached, the fundraising is finished.
At the moment, the maximum amount that can be fundraised is limited to 200 SOL.
This step can also be skipped and defined later.
STEP 6: Voting Configuration
In order for proposals to be executed, users need to vote. The club founder therefore needs to decide on the following configurations:
This is the configuration that will be used for all of your future proposals if you do not set specific voting configurations.
Set the percentage of ‘accept’ votes that needs to be reached in order for a proposal to pass. Additionally, you need to define the maximum voting time. Note that the voting time can be set in the range from 7 to 30 days.
For the purpose of withdrawing funds and distributing the withdrawn amount, the club founder needs to set up the approval quorum and max voting time. If the voting configuration is not specified for the withdrawal proposals, the above set configuration will be used.
Trade approval configuration
Specific approval quorums for different investment ranges can also be defined as seen below. This voting threshold means that for each of the specified ranges, a different % of the approval quorum is needed.
In case you do not specify this configuration, the general voting configurations will be applied to your proposals.
STEP 7: Club Preview
Before creating your club, you will be able to preview the club and the chosen settings. Each of the configurations can be edited at this point.
For the purpose of creating your club on Solana blockchain, you will be charged a Solana transaction fee that costs roughly 0.00025SOL.
Once the club is created, you will see all the details displayed as seen below:
You can also view your club’s details by clicking on the character icon in the top right corner.