OpenFund
OpenFund
Last Updated: May 1, 2025
OpenFund ("we", "our", or "us") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website and use our services.
We may collect personal information that you voluntarily provide to us when you:
This information may include your name, email address, wallet address, social media profiles, and any other information you choose to provide.
When you visit our platform, we automatically collect certain information about your device, including:
Given the nature of blockchain technology, transactions you perform through our platform are recorded on a public blockchain. This information may include wallet addresses and transaction details, which are visible to the public.
We use the information we collect to:
We may share your information with:
Depending on your location, you may have certain rights regarding your personal information, including:
We implement appropriate security measures to protect your personal information. However, no method of transmission over the Internet or electronic storage is 100% secure, and we cannot guarantee absolute security.
We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the "Last Updated" date.
If you have any questions about this Privacy Policy, please contact us at:
Email: privacy@openfund.live
Last Updated: May 1, 2025
By accessing or using OpenFund's platform, you agree to be bound by these Terms of Service. If you disagree with any part of these terms, you may not access or use our services.
OpenFund is a decentralized fundraising platform that enables project creators ("Raisers") to raise funds through token sales and enables investors to participate in these offerings.
To use certain features of our platform, you must create an account or connect your cryptocurrency wallet. You agree to provide accurate and complete information and to keep this information up to date.
You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You must immediately notify us of any unauthorized use of your account.
If you are a Raiser using our platform to raise funds:
If you are an investor using our platform:
You agree not to:
The platform, content, and trademarks are the property of OpenFund or its licensors and are protected by copyright, trademark, and other intellectual property laws. You may not use our intellectual property without our prior written consent.
To the maximum extent permitted by law, OpenFund shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly.
The platform and all content are provided on an "as is" and "as available" basis without any warranties of any kind. We disclaim all warranties, including but not limited to implied warranties of merchantability and fitness for a particular purpose.
You agree to indemnify and hold harmless OpenFund and its officers, directors, employees, and agents, from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with your access to or use of the service.
We reserve the right to modify these Terms of Service at any time. We will notify users of any changes by updating the "Last Updated" date of these Terms. Your continued use of the platform after any such changes constitutes your acceptance of the new Terms.
These Terms shall be governed by and construed in accordance with the laws of the jurisdiction where OpenFund is established, without regard to its conflict of law provisions.
If you have any questions about these Terms, please contact us at:
Email: legal@openfund.live
Find answers to common questions about using OpenFund's platform.
To create a Raiser account on OpenFund:
For investors, you only need to connect your wallet by clicking the wallet icon in the navigation bar.
OpenFund currently supports the following wallets:
Make sure your wallet is configured to connect to the Sei Network.
To submit a project for fundraising:
Our team will review your submission and may contact you for additional information.
OpenFund charges a 5% fee on the total amount raised by successful projects. This fee is automatically deducted when funds are released to project creators.
Additional blockchain transaction fees may apply, which are set by the network and not by OpenFund.
To invest in a project:
Upon successful completion, your investment will be recorded on the blockchain, and you'll receive tokens according to the project's terms.
After the funding period ends, there are 3 days investors voting on fund distribution. If more than 50% investment amount request a refund, the project is marked as 'Funding Failed' and in 1 day after that, any token holder seeking a refund can reclaim 100% of their invested funds by returning their tokens to the contract. Otherwise, the full amount is released to the fundraiser.
This mechanism reduces the risk of funding projects that fail to develop.
If your transaction failed, try these steps:
If the issue persists, please contact our support team with details about the failed transaction, including any error messages and your wallet address.
You can contact our support team through any of the following channels:
Our support team is available 24/7 and typically responds within 24 hours.