[Suprime](https://suprime.io) is the first fully decentralized Web3 acceleration platform, where every promise is put on chain. From idea description to fundraising, treasury management, and roadmap, everything is managed on-chain, 100% transparent, and verifiable.

### Problem we're solving.

We turned in the wrong direction.

When we started building on this tech (we started in 2016), we envisioned permissionless societies, inclusive businesses, and new forms of mutually beneficial social interactions.

Instead, we have now lies and blunt promises in the media, shady funding platforms, rug pulls, hidden deals made behind the scenes, run by greed and wishes for quick returns.

The web3 acceleration is totally broken.

Over the past years, we faced it too much ourselves, and decided to DIY and build it in the way it was supposed to be, in the very beginning.

Suprime is not a tool, but it's a solution, to serve one single vision - we have tech, we don't need to trust words anymore.

### Team Experience:

We're a group of blockchain builders and entrepreneurs building on web3 stack for the past 7 years, based in the Netherlands.

Co-founders, Kiril and Michiel, met 8 years ago, sharing common entrepreneurial mindset, where

\- [Kiril](https://www.linkedin.com/in/kirivanov/) is a developer, who was building tech for the past 22 years

\- [Michiel](https://www.linkedin.com/in/michiel-slootweg/) is a grey-haired gentleman with over 25 years of successful startups and investments.

A lot of technical innovations, contributions, and talks were made, to highlight a few:

\- biggest Blockchain hackathon in 2017 in the Netherlands, attended and won ([https://github.com/kivanov82/DutchBlockchainHackathon](https://github.com/kivanov82/DutchBlockchainHackathon))

\- in 2018 founded LoyalGarden, built blockchain payment terminal, and used tokens for onchain payments for a festival (first in the world!) [https://innofest.co/cases/loyalgarden/](https://innofest.co/cases/loyalgarden/)

\- made an innovative AMM to raise money for charity, and won 2019 Blockchain for Humanity award

\- founded [Bright Union](https://brightunion.io) in 2021, and made DeFi a safer place providing DeFi coverage

### Technical Innovation:

While building the Suprime platform, we took the best and most mature tools out there, added a layer of customization, and built the pieces we were missing, to have one single solid solution:

\- we integrated Aragon DAO for startup idea submission and DAO governance

\- connected 'weighted' Balancer pools implementation, to add the fundraising feature

\- added 'social' element (Lens protocol WIP)

\- built a [highly flexible onchain BPM](https://x.com/Suprime_io/status/1856711278359687560) (business process management) tool to glue them together

![Screenshot 2025-04-18 at 14.24.41.png](https://i.ibb.co/67QFCrjV/mdx-Editor-kivanov82-1744979108720.png)

### Technical Feasibility:

We were building Suprime for over a year, self funded, and just released an MVP (see the walkthrough video [https://www.youtube.com/watch?v=GMXsBFwnR1w](https://www.youtube.com/watch?v=GMXsBFwnR1w)).

All the technical components are built there and operational, deployed on Sepolia (you can give it a try [https://test.suprime.io/)](https://test.suprime.io/)

Once we secure strategic partnerships and the technical audit is done, we're ready to deploy it to Polkadot ecosystem

### Product-Market Fit:

Suprime's audience has 3 types of personas:

\- **startup founders**. They will have a place to list their idea, in a permissionless way, no private chats or inquiries required and the chance of a great idea being lost to the noisiest ones is less

\- **VCs and funds** will benefit from the help of the community - potential leads are already sorted out, so less time is required to find a potential gem. Also, if a lead is secured, they will benefit long run from the help of community and connected services and advisors

\- **retail investors** will be able to 'be early' but this time for real, not because they're told so.

No solution on the market solves all these issues together. There are tools out there, like launchpads but they don't care about success long run. Echo.xyz is kinda similar, but investors have to trust promises of 'leads', and the platform has no transparency whatsoever. Despite that, they helped to raise $105M from 8k unique investors, so the demand is there.

### Growth & Monetization:

The investment and startup acceleration market is huge but heavily depends on the market condition, so we expect ups and downs when designing the treasury burn rate.

The revenue model consists of the fees on money raised, services sold, and DAO investments, the forecast can be found here: [Revenue Model](https://docs.google.com/spreadsheets/d/1-Buh8TBulK0Zcu3T0L9KC3FmmhqZnpZW/edit?usp=drive_link\&ouid=101021495369839754794\&rtpof=true\&sd=true)

We see Suprime platform as an addition to the existing web3 accelerators and VC funds, that would serve as a tech partner, so we could build up the distribution quickly.

### Funding:

We've built an MVP and spent around 13 months, using 100% of own funds. During that time, we had two FTEs, and multiple part-time contributors, from marketing, market research, and design. Total expenses at the moment are $85k.

We're looking for an extra round of funds to move it to the next level, and:

* establish a strategic partnership with funds and accelerators, who share same vision of transparency and trustless business models
* make the solution feature-complete, and rollover it to Polkadot
* accelerate Suprime on Suprime platform



**Read more:**

Website : [https://suprime.io](https://suprime.io)

MVP (Sepolia testnet): [https://test.suprime.io](https://test.suprime.io)

Walkthrough video: [https://www.youtube.com/watch?v=GMXsBFwnR1w](https://www.youtube.com/watch?v=GMXsBFwnR1w)

Whitepaper: [https://docs.google.com/document/d/16kSgZdb\_0hvPp\_ZAwdaET8fhWnzgHu9peoVFJ3mrpxg/edit?tab=t.0](https://docs.google.com/document/d/16kSgZdb_0hvPp_ZAwdaET8fhWnzgHu9peoVFJ3mrpxg/edit?tab=t.0)

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least `amount`.

### Details
NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

### Parameters
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

## Events

Emits [`Event::SpendApproved`] if successful.

- **Problem Statement & Audience:** 
  - Addressing the broken state of web3 acceleration platforms, targeting startup founders, VCs, and retail investors.
  
- **Significance:** 
  - Current platforms lack transparency, leading to lies, shady funding, and hidden deals, hindering the growth of web3 technologies.
  
- **Proposed Solution:** 
  - Introducing Suprime, a decentralized platform managing idea submission, fundraising, and governance on-chain for increased transparency.
  
- **Expected Outcomes:** 
  - Enhancing trust in web3 technologies, providing a transparent platform for startups, VCs, and retail investors, with a revenue model based on fees and services.

#1532 Suprime - Fully Decentralized Accelerator

No Active Proposals