Investment Clubs and Collectives | Deprecation FAQ
Syndicate will be discontinuing the Investment Clubs and Collectives products. As a result of this change, we have disabled the ability to create new Investment Clubs and Collectives. Existing Investment Clubs and Collectives can be accessed at app.syndicate.io until June 22, 2023, at which time both front-end applications will sunset and become inaccessible. Please review the FAQ below or email [email protected] with any further questions.
Syndicate has decided to pursue an evolution of our original vision and strategy. As a result of this change, we will no longer be supporting the Investment Clubs product. More information about Syndicate’s new direction can be found here.
All assets held by Investment Clubs will continue to be accessible via the wallet they are held in. Syndicate’s Investment Clubs front-end interface has never held customer funds. The Syndicate Investment Clubs application is primarily a front-end user interface built on top of factory-created smart contracts — this means you will still maintain full custody and control of your assets.
Due to the on-chain nature of your club tokens, these tokens are likewise held by the wallets your members used when depositing funds into the club. This means they will be unaffected by this change and will remain in your member’s wallets. You can access your club token data by searching for your club’s contract address on Etherscan.
When connected to app.syndicate.io, navigate to your Investment Club’s dashboard. In the browser URL, you will find the address of your club’s contract in the following format:
https://app.syndicate.io/clubs/[contract address]Following the instructions above, navigate to the Etherscan page for your Investment Club’s contract address. From there, go to the “Holders” tab to view a full list of the wallets holding your club tokens along with their respective ownership percentages. You may also download this table into a CSV file using the “Export CSV” button in the lower right hand corner.
The best way to distribute funds held by your Investment Club’s wallet after the deprecation date will be to use Safe’s transaction builder (please note that this only applies if you use a Safe multi-sig wallet when creating your Investment Club, per Syndicate’s guidance). In order to initiate a distribution, follow the steps outlined in Safe’s transaction builder documentation.
Due to the off-chain nature of these annotations, you will need to log in and save any annotations you have made through our application along with their corresponding transactions. Please contact [email protected] before June 15th if you have any questions around saving annotations you would like to maintain.
Syndicate has decided to pursue an evolution of our original vision and strategy. As a result of this change, we will no longer be supporting the Collectives product. More information about Syndicate’s new direction can be found here.
Due to the on-chain nature of your Collective NFTs, these tokens are held by the wallets your members used when joining your Collective. This means they will be unaffected by this change and will remain in your member’s wallets. You can access your Collective token data by searching for your Collective’s contract address on Etherscan.
When connected to app.syndicate.io, navigate to your Collective’s dashboard. In the browser URL, you will find the address of your Collective’s contract in the following format:
https://app.syndicate.io/collectives/[contract address]Following the instructions above, navigate to the Etherscan page for your Collective’s contract address. From there, go to the “Holders” tab to view a full list of the wallets holding your club tokens along with their respective ownership percentages. You may also download this table into a CSV file using the “Export CSV” button in the lower right hand corner.
Last modified 15d ago