On Unique.vc, users are able to trade their financial rights. This means one can gain more financial rights by buying shares from other users or can sell his own shares and earn some funds for it.
Financial rights are first allocated during the fundraising process based on everyone’s contribution and can be traded later on.
In this guide, we’ll walk you through the process of buying and selling financial rights within your club on the Unique.vc platform.
Selling Financial Rights
STEP 1: Go to the Club’s Treasury
Go to app.unique.vc and open the club you are a part of.
Open your club’s dashboard and move to the Treasury section. There you will be able to see the amount of shares you own and the amount that is available for sale. If you haven’t listed any shares for sale yet, the two amounts will be equal.
You can also view the average price per 1% of the club’s share. Click on the ‘Sell shares’ to begin the selling process.
STEP 2: Choose the Amount
In this step, you will need to specify what part of your share would you like to sell and for what price. Insert the amount* and set the price.
*If you own 20% of the club, you will be able to insert 20% as a maximum value which will represent 100% of your shares. If you wish to sell only half of your ownership, you will need to insert 10%.
The shares you’re listing for sale will be available for purchase only to the members of the club. You can also select to option to offer the shares only to a specific club member which will make him the only person able to buy those shares. In that case, you will need to provide his wallet address.
Once you have inserted all the necessary information, click on the ‘Sell shares’ button and your shares will be listed for sale in the club’s Treasury as seen below.
If you wish to cancel the selling of your shares, click on the cancel button and you will be able to unlist your shares.
Buying Financial Rights
STEP 1: Go to the Club’s Treasury
Go to app.unique.vc and open the club you are a part of.
Open your club’s dashboard and move to the Treasury section. There you need to click on the buy shares section and you will see all the shares listed for sale as seen below.
Decide on which shares you want to buy and pay attention to whether the share was offered to everyone, or only to a specific member.
If the shares were offered to everyone, or to you, there will be a buy button.
Click on it to begin buying some more shares.
STEP 2: Choose the Amount
Once you have accessed the next step, you will need to specify how much of the offered amount you want to buy.
Insert the amount* you want to buy and the price will be calculated automatically.
*If there are shares in the value of 10% offered and you wish to buy them all, insert 10 in the input field below Amount.
Click on the Buy shares button and you will have successfully bought new shares and gained more financial rights.
You are now ready to trade some financial rights on Unique.vc! If you have any questions, feel free to join our Discord and ask our community managers to assist you.
