Diverg
RefundingB1Voluntary transparency disclosure following the Blockworks Token Transparency initiative.Automated security scans + on-chain investigations, with clear and actionable results.
$5002%
$25kraise goal
Raise Unsuccessful
Committed$500.00
Funders1
Raise Goal$25k
This raise did not reach its goal. All committed USDC is being returned to contributors. to claim your refund.
About
Use of funds Most of this round goes to hiring. We need more hands on engineering and security-minded product work so we’re not always trading speed against quality. A meaningful slice goes to marketing, not a giant splash campaign, but steady stuff that actually moves the needle: content, events, partnerships, and getting the product in front of teams who should be using it. The rest keeps the lights on: infra, tools, legal, and the boring ops you need so customers don’t get burned by downtime or surprise costs. We’re not trying to fund ten experiments at once; we’re trying to grow the team and get louder in the right rooms while staying solvent.
Roadmap and milestones Next month is mostly cleanup and reliability: auth, credits, rate limits, the paths people hit every day, plus tests on the security-sensitive pieces so regressions don’t slip through. Over the following couple months we want sharper outputs from what we already built: reports people can share, investigations that don’t oversell what’s heuristic, and strict mode that still means something when it fires red. By roughly ninety days we’d like a small set of teams using us in a repeatable way, with a clearer story we can tell from real usage, not a roadmap full of fantasy features.
Market and differentiation We’re talking to teams that ship fast, especially in crypto, where “run a scan” isn’t the hard part; figuring out what to trust is. We sit in that gap: automated coverage plus enough depth that an operator can make a call without drowning in noise. We’re not claiming we’ve solved security; we’re building a product that’s honest about blind spots and gets better every ship cycle. Distribution for now is direct: us in the conversation, the product doing the demo, and marketing that points to what actually shipped.
IP & Legal
The project’s intellectual property and related control rights are intended to be held by the DAO’s Cayman entity (or assigned in connection with launch), subject to final legal agreements.
Code. Diverg’s software is developed mainly under the GitHub organization fennq: fennq/diverg (Diverg Open application, API, console, and shared security tooling), fennq/diverg-landing (public site and docs for divergsec.com), fennq/diverg-auto (open-source CLI / integration package), and fennq/diverg-extension (browser extension). fennq/diverg is MIT-licensed; other repos may be proprietary or under other licenses. The Cayman vehicle is expected to receive or control copyright in original Diverg code and docs, admin rights on those repositories, and authority over license changes for proprietary parts, consistent with how open-source components are used.
Domains. divergsec.com and dash.divergsec.com, plus any docs/resources/staging hostnames in DNS, with registrar/DNS under entity control as we close structure.
Brand. Diverg naming, logos, marketing and doc copy, diagrams, changelog content, @DivergSec, and operational email such as [email protected].
Infrastructure. Hosting, env/config, CI/CD, observability, databases/storage for the live service, and vendor accounts/API keys needed to run it (within each vendor’s terms).
Data. Scan and account data sit in systems operated for Diverg Open and are handled under posted Terms / Privacy and any customer agreements; the entity is expected to own or control those production systems as the operating company for the product.
On-chain. Diverg Open today is not a protocol delivered as project-owned production smart contracts; there are no upgrade authorities or program IDs that define the core SaaS. If the DAO later launches token or governance contracts, those will be listed and wired to entity/governance control as counsel specifies.
OSS. Third-party libraries and services stay under their licenses; Diverg’s ownership claim is to its own work product and brand, not to third-party code beyond what those licenses allow.
Details
Implied FDV$57K
Launch Price$0.0025
Raise Goal$25k
FDV Calculation
Launch Price$0.0025
× Total Supply22.9M
= Implied FDV$57K
Supply Breakdown
Initial Float (43.7%)10.0M
Performance Package (43.7%)10.0M
Meteora LP (3.9%)900,000 at $0.0025
Futarchy AMM (8.7%)2.0M + $5K
Total Supply22.9M
Governance & Vesting
Monthly Spending Limit$4k
The team can spend up to this amount per month from the treasury without a governance proposal. Larger expenditures must be approved by token holders.
Team Token Unlock
Team tokens are locked for an 18-month cliff. After the cliff, the team can trigger a 3-month TWAP evaluation. Tokens unlock in 20% tranches at each price milestone relative to the ICO price of $0.0025.
| Tranche | Price Target | Unlocked |
|---|---|---|
| 2× ICO price | $0.005 | 20% |
| 4× ICO price | $0.01 | 40% |
| 8× ICO price | $0.02 | 60% |
| 16× ICO price | $0.04 | 80% |
| 32× ICO price | $0.08 | 100% |
Each tranche unlocks 20% of team tokens. The price target is measured via a 3-month time-weighted average price (TWAP) to prevent short-term manipulation.
Token
Base Mint
Contributors(1)
100.0%$500
B1 Token Transparency Filing
Voluntary transparency disclosure following the Blockworks Token Transparency initiative.
Diverg builds security and investigation software for teams that ship fast, especially in crypto and other high-trust software. Diverg Open combines automated web and API testing with structured, evidence-forward findings so operators can tell what is actually risky versus noise, including deeper workflows for Solana token and address context where relevant. The mission is to improve decision quality under time pressure: fewer blind scans, more defensible outputs teams can act on, with honest limits where heuristics or third-party data stop short of proof. Private, scoped investigations remain available for engagements that need depth beyond self-serve tooling.
Core team
Dwight Fenech, Founder & CEO ~2 years focused on on-chain security research and investigations, building judgment in how teams actually get hurt in production (fraud, abuse, and technical risk), and turning that into product direction for Diverg.
Joey, Co-founder & CTO ~3 years shipping production software; for the past ~2 years, deep in on-chain systems, protocol-adjacent tooling, and the engineering work behind Diverg’s scanner, API, and console.
(a) IP ownership & control — The project's intellectual property, including codebases/repos and any associated trademarks/brands, is held by a Cayman Islands SPC (Segregated Portfolio Company) formed via MetaLeX. The SPC is governed by the DAO.
(b) Contract/admin powers — Governance is fully onchain and permissionless via the MetaDAO futarchy protocol on Solana. Token holders make decisions by trading conditional outcome tokens on proposal markets. Proposals pass or fail based on market-determined price impact on the project's token. There is no multisig, council, pause/upgrade roles, or centralized admin authority — all decisions are made through futarchy (market-based governance).
(c) Locked-token rights — The price-based performance premine tokens are locked with a minimum 18-month cliff and unlock based on sustained price performance milestones. Locked token holders do not have additional governance or decision-making rights beyond what unlocked token holders have. Locked tokens cannot vote or participate in governance until unlocked.
(d) Value accrual & holder rights — Token holders govern the DAO treasury through futarchy-governed proposals. The DAO treasury funds development directly — there is no separate development company. Revenue distribution and treasury allocation decisions are made via onchain governance proposals.
(e) Dissolution authority — Dissolution of the DAO would require an onchain futarchy governance proposal passed by the market. The Cayman SPC legal wrapper can be wound up per its constitutional documents as directed by DAO governance.
Each project launched through MetaDAO Accelerated has a Cayman Islands SPC (Segregated Portfolio Company) entity formed via MetaLeX. The entity holds the project's intellectual property and is governed by the DAO. There is no separate development company — the DAO treasury funds development directly through futarchy-governed proposals.
(a) Launch supply totals — 22,900,000 total tokens at launch. 10,000,000 tokens issued to ICO participants (unlocked). 2,900,000 tokens issued as protocol-owned liquidity (locked in pools). 10,000,000 tokens allocated as a price-based performance premine (locked with minimum 18-month cliff).
(b) Recipient categories & use of funds — • ICO Participants (10,000,000 tokens): Distributed pro-rata to all participants of the permissionless ICO based on contribution. Tokens are immediately unlocked. • Protocol-Owned Liquidity (2,900,000 tokens): 2,000,000 tokens paired with 20% of funds raised through the ICO in a liquidity pool. 900,000 tokens placed in a single-sided liquidity pool on Meteora. These tokens provide onchain trading liquidity. • Team / Performance Premine (10,000,000 tokens): Allocated to the founding team, subject to price-based vesting. Tokens unlock only if sustained price performance milestones are met.
(c) Initial price per token — Determined at ICO close based on total funds raised divided by 10,000,000 ICO tokens.
(d) Ticker / market symbol — DIVERG
(e) Total supply & supply regime — 22,900,000 total supply. The supply is fixed — there is no inflation or deflation mechanism.
(f) Initial vesting / release schedules — ICO participant tokens and protocol liquidity tokens are not subject to vesting. The team performance premine has a minimum 18-month cliff. The allocation is divided into 5 tranches of 20% each, unlockable after a 3-month TWAP evaluation period at price multiples of 2×, 4×, 8×, 16×, and 32× relative to launch price. The TWAP oracle can be called at any time but triggers a 3-month evaluation window before tokens are released.
There are no airdrops as part of the MetaDAO Accelerated ICO process. All token distribution occurs through the permissionless ICO mechanism. Any future token distributions would need to be passed via DAO governance proposal following the ICO and are not part of this launch.
There are no market maker agreements. Liquidity is provided through the Accelerated launch mechanism's built-in liquidity pool, which receives 20% of funds raised. There are no token loans, OTC deals, or designated market maker arrangements.
There are no CEX listing agreements. The token trades onchain on Solana DEXs from the moment of launch. No listing fees have been paid, and no exchange has been granted tokens or preferential access.
Series Name: MetaDAO Presale Vehicle: MetaLex powered Cayman Segregated Portfolio Company / Segregated Portfolio Start Date of Sale: [To be determined at launch] Number of Tokens Sold: 10,000,000 DIVERG tokens distributed to ICO participants pro-rata based on contribution. Vesting Schedules: There are no vesting schedules for ICO participant tokens. All tokens distributed through the presale are immediately unlocked and freely transferable at the conclusion of the ICO.
There are no prior SAFTs, SAFEs, convertible notes, private placements, or other fundraising rounds preceding this launch. No tokens were sold or distributed before this presale.
To the best of the founders’ knowledge, Diverg has not suffered a public security incident, exploit, or customer-fund loss attributable to a compromise of Diverg-operated production systems. If any issue is discovered later, it will be disclosed promptly with impact and remediation steps. Users should treat any security product as a target; we run the service with standard production hygiene and continue to harden auth, rate limits, and monitoring as the product grows.
Regulatory. Diverg operates at the intersection of security software, crypto-adjacent analytics, and data from public chains and third parties. Rules differ by jurisdiction; enforcement and interpretations change. We may need to adjust features, data sources, or availability by region. Nothing here is legal advice.
Technology and product. Outputs can include heuristics and model-assisted reasoning; false positives and false negatives are possible. The product does not replace human judgment, pen tests where required, or legal/compliance sign-off. We rely on hosting providers, RPC/indexers, identity vendors, and LLM/API providers; outages, rate limits, or policy changes can degrade or interrupt the service.
Market and execution. Security tooling is competitive; adoption depends on trust, distribution, and continued product quality. Hiring, infra, and sales may not scale as planned.
Legal Terms & Disclosures
By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the Futardio Terms of Service. Without limiting the foregoing, you also acknowledge and agree to all of the following information, terms and conditions:
The above descriptions, terms, and other content were created, determined, and supplied exclusively by prospective project contributors related to the ICO and are being republished on futard.io for convenience of reference only, as third-party content. Furtard.io is a technology platform being used by the prospective project contributors, and the owners and operators of Fudardio.fi and their respective affiliates are not the persons creating, endorsing, sponsoring, or discretionarily operating the ICO. Fudard.io and its owners and operators and their respective affiliates assume no (and by participating in the ICO or otherwise using futard.io, you agree that they shall not have any) responsibility or liability for the accuracy or completeness of the above descriptions, terms and other content, or any other representations, statements, opinions, projections, terms, or information made by or on behalf of the prospective project contributors in connection with the ICO.
The following terms and conditions apply between you, on the one hand, and, on the other hand, both the owners and operators (and their affiliates) of Futard.io or MetaDAO and the prospective ICO project contributors and related legal entity(ies) and their respective affiliates:
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No Guarantees. The Tokens are provided on an "as-is" and "as-available" basis. Participation in the fundraise does not come with any guarantees, promises, or assurances of any kind, including—but not limited to—financial return, performance, future utility, or access to any platform, product, or service.
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Not an Offer of Securities. The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. Participation in this fundraise is not intended to be, and shall not be construed as, an offering of securities, nor does it constitute an offer or solicitation in any jurisdiction where such activity is unlawful. You are responsible to refrain from participation in the ICO if your jurisdiction does not permit such participation.
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Final Sale. All contributions made as part of the fundraise are final and non-refundable. By participating, you understand and accept that you will not be entitled to a refund or compensation under any circumstances, including but not limited to loss of value or inability to use the Tokens.
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No Liability for Losses. To the fullest extent permitted by applicable laws, neither the organizers of this fundraise nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the fundraise or the Tokens.
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Nature of Token MetaDAO Platform ICOs. You acknowledge and agree that the ICO is a transaction entirely by and among ICO participants, in which such participants contribute certain blockchain tokens into the sole control or custody of Solana-based "smart contracts" or "programs" as a method of establishing a decentralized autonomous decision market oriented toward the research, development, promotion and/or utilization of the above-described project. The ensuing market oracle–sometimes also referred to as a type of "DAO"-- is intended to govern both the deposited tokens and aspects of the related project, using "Futarchy". These smart contracts or programs exist independently of Futard.io or MetaDAO, on the Solana blockchain, and do not have a legal "owner" or "custodian", but instead will be controlled by the market-based governance process embedded in the decision market protocol, as expressed in the code of the smart contracts/programs. The deposited tokens do not represent a capital investment in any legal entity (including the legal entity referred to in the following paragraph) or group of managers or entrepreneurs, and the decision market may revoke funds out of the pool at any time, or may cease using the funds for the currently contemplated project or using them to pay the currently contemplated prospective project contributors, and may instead use them for other purposes, as determined by the decision market oracle aka "DAO." The current prospective project contributors will not immediately own or have any discretionary or managerial control of the deposit pool, and any related services such prospective project contributors provide will be on an independent contractor basis to the community, as determined on an ongoing basis by the decision market oracle aka "DAO." The tokens issued by the program/smart contract in exchange for deposited funds are not initially owned by, and are not being sold or offered by, Futard.io or MetaDAO or the prospective project contributors or any related entity(ies), but rather are issued by the smart-contract/system itself to enable ongoing functionality of the related decision market oracle aka "DAO". Any funds received from the deposit pool by the current prospective project contributors or future project contributors represent retroactive or prospective compensation for work done or to be done by such project contributors that is approved by the related decision market oracle aka "DAO", on the initiative of, and based on the managerial or entrepreneurial efforts of, participants in that market aka "DAO participants".
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DAO-Adjacent Entity aka BORG. One or more members of the prospective project contributors may have established a particular type of legal entity related to the project. These entities, known as cybernetic organizations, aka 'BORGs", hold intellectual property related to the project and may receive the funds, if any, determined by the decision market oracle to be paid to the prospective project contributors as compensation for work done or to be done related to the project. BORGs contain special rules designed to provide accountability of project contributors to the community, including prohibiting the issuance of equity securities and requirements to consult the decision market oracle (sometimes on a signaling basis, sometimes on a binding basis) for decisions related to their work on the project and the related intellectual property and assets. Many of these entities are "segregated portfolios" of a Cayman Islands entity called Futarchy Governance SPC. Segregated portfolios provide separate layers of assets and liabilities within this entity, and each particular segregated portfolio is managed in the sole discretion of its "Manager(s)", subject to the terms and conditions of Futarchy Governance SPC and the Operating Agreement of that specific segregated portfolio. The ICO does not represent an investment in the SPC or segregated portfolio, and participants in the ICO and holders of the tokens being issued in the ICO do not have any legal rights in or ownership of the SPC or segregated portfolio, and are not owed any fiduciary or other duties by the participants in the SPC or segregated portfolio, but the SPC, in respect of the segregated portfolio, is legally required to abide by certain determinations of the decision market created by the ICO. Please review the project description above to determine the specific legal entity(ies) or other arrangements identified by the prospective project contributors. You hereby acknowledge and agree that you have reviewed, or had the opportunity to review, the information and documents presented or linked to from that description and acknowledge, consent to and accept the risks of all related legal entities and arrangements.
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Understanding the Mechanism. This is an onchain fundraising mechanism with a fixed token supply and an uncapped USDC raise. A minimum funding threshold applies. There is no in-protocol cap on the amount that may be claimed beyond the stated minimum. If the minimum funding threshold is not reached, all contributed funds will be returned to participants. By participating, you confirm that you understand the program and have reviewed the relevant documentation available at https://docs.metadao.fi.
By contributing or attempting to contribute to the fundraise for Tokens, you confirm that you have read, understood, and accepted the terms above.