Understanding Strong Holder Offering (SHO)
A Strong Holder Offering (SHO) is a fundraising mechanism used by projects to attract funding from individuals who already hold a specific cryptocurrency.
It is a product of DAO Maker, a platform that utilizes SHO to launch new projects in the crypto space.
Rewarding Long-Term Commitment
In an SHO, eligible investors are selected based on their on-chain activities and other proprietary data sets.
The model targets public investments and offers incentives to individuals who demonstrate strong hands, or the ability to hold onto a coin for extended periods of time.
The criteria for participation in an SHO can vary.
It may be open to individuals who have held a competitor coin for at least six months or to active liquidity providers on a decentralized exchange (DEX).