# Project Owner Fund Claims and Stage Proofs

After a fundraising round succeeds and settlement is complete, the project owner can actively initiate an on-chain fund claim and receive the fundraising result from that round.\
A stage proof is not required before claiming current-round funds. It is required when the project owner applies to open the next fundraising round.

### Current-Round Fund Claim Rules

After the current round succeeds, the project owner can claim funds through this flow:

1. The current round succeeds
2. The current-round result is settled
3. The project owner uses the project wallet to initiate an on-chain fund claim transaction
4. After the transaction is confirmed, the project owner receives the claimable funds from that round

Fund claim does not require a stage proof first.\
Project owners must confirm wallet address, network, Gas, and transaction details themselves, and keep the on-chain transaction record.

### When Stage Proof Is Required

A stage proof is used when applying to open the next fundraising round.\
When the project owner wants to continue from a successful round into the next round, the stage proof must be submitted before the next round opens and must be reviewed by the platform.

The flow is:

Round succeeds -> Project owner claims funds -> Project progresses and discloses updates -> Project owner applies to open next round -> Stage proof is submitted -> Review approved -> Next round opens

This means:

1. Fund claim is the funding action after round success
2. Stage proof is review material before the next fundraising round
3. A rejected stage proof does not affect current-round funds already claimed by the project owner
4. If the stage proof is not approved, the project cannot open the next fundraising round

### Purpose of Stage Proof

Stage proof explains what value the previous-round funds have created.\
The platform and users use the stage proof to see whether the project has actually moved forward, not only completed fundraising.

A stage proof usually needs to explain:

1. Current-round fund usage direction
2. Product, technical, operational, or business progress completed
3. Completion status compared with the previous-stage roadmap
4. The goal the next fundraising round will continue to support
5. Evidence that supports the project entering the next round

### What Stage Proof Can Include

Project owners need to prepare:

1. Product screenshots, demo links, or testnet addresses
2. GitHub, contract, audit, or technical progress links
3. Partnership announcements, community activity, or operating data
4. Fund usage explanation
5. Team stage summary
6. Next-round fundraising plan and fund usage

The more specific the materials are, the easier it is for the platform to determine whether the project qualifies to open the next round.

### When the Next Round Can Open

When applying to open the next fundraising round, the project owner usually needs to meet these conditions:

1. Current round succeeded
2. Current-round result is settled
3. Current-round fund claim is completed or the claim status is clearly stated
4. Required project progress Updates have been published
5. Stage proof has been submitted
6. Stage proof has been approved

If the project owner has claimed the current-round funds but has not submitted a stage proof, the project can remain in the current stage but cannot directly open the next fundraising round.

### If Stage Proof Is Rejected

If the stage proof is rejected, the project owner should:

1. Review the rejection reason
2. Add missing materials
3. Correct unclear or inconsistent explanations
4. Submit the stage proof again
5. Publish Updates to explain current progress when needed

Stage proof rejection usually means materials are insufficient, fund usage is unclear, stage outcomes are not specific enough, or the next-round fundraising target lacks support.

### If the Project Is Preparing for Final Launch

If the project has completed the final round and is not opening another fundraising round, but is preparing to enter final launch or trading status, it must submit the required final launch materials.\
Final launch materials are not the same as next-round stage proof. They focus on confirming that the project has completed the required final-round preparation and is ready to enter trading status.

### What This Means for Project Owners

This flow means:

1. After the current round succeeds, the project owner can claim and receive the funds
2. After claiming funds, the project owner needs to keep disclosing fund usage and project progress
3. Before opening the next fundraising round, the project owner must submit a stage proof
4. The stage proof focuses on explaining the actual value created by previous-round funds
5. The earlier the project owner archives outcomes and fund usage, the smoother the next-round review will be


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