Support

Echo lets lead investors create groups to share their investments with. Members can join these groups and then choose, on a deal-by-deal basis, to follow the lead and invest on the same terms. The deal participants are rolled up into a single entity, and that entity invests into the target company. Investments happen entirely onchain using USDC.

Echo adheres to your local laws, so this answer changes depending on where you live. During signup, we assess your eligibility based on local law and your knowledge and familiarity with investing. If you're eligible to invest in your home country, then Echo will be available to you unless we do not currently support your jurisdiction or you are resident in a jurisdiction we cannot do business with by law.

Echo takes 5% of user profits made on the platform. We only make money if users make money.

If an investment is successful, the lead gets paid a % of all their followers' profit. They have a financial incentive to share but they only make money when their followers make money. Leads can only share deals when they are investing on the same terms.

Any Echo user can apply to create a group. We're currently processing applications pretty slowly though. Sorry about that.

You can ask any existing Echo user, or just sign up without one -- the waiting list is very quick.

We need to share who is applying to invest with a group leader, and we chose to share your online identity (such as an X account) rather than your passport name, which we keep confidential.

Every deal you can see, you can buy. If you are inelligble for a deal, typically based on where you live, it will not be visible to you on the platform.

Echo investments are funded in USDC.

The only information shared on Echo is your X handle or your Farcaster handle, dependng on which one you signed up with. We keep your real identity private from group leads, and we do not share it with founders when making regular Echo investments.

Deals are available on a first-come-first-served basis.

Echo takes 5% of user's profits per deal. This is the only way Echo makes money. However, each deal has some associated costs of operation -- for example, founders often issue a token warrant fee, and investment vehicles have regulatory filing costs. These costs are shared amongst SPV investors. Echo makes no money on these fees.

No. Please leave founders to work in peace. If you have questions, you should contact your group leader. It's against Echo rules to contact founders off-platform.

The group lead chooses these amounts.

No, fundraise information is confidential. This is for regulatory reasons, and in respect of founders. If you share information off-platform, we'll have to ban you from Echo.

You can find anything related to deals you have invested in your account section under Documents.

Founders of projects that care about decentralisation, community and user-alignment may be interested in bootstrapping community with real onchain natives as investors. Founders can construct wider distributions of their initial offerings instead of introducing structural risk through concentrated VC holdings.

No, not if you’re only collecting private sale funds. Sonar sales, however, do require an application and setup through our platform.

No, all the fees associated with the SPV are already covered by Echo and the investors.

It is against the rules of Echo for investors to contact the founders they invested in. Instead, all communications to the investors should go via the group leader. If Echo investors are messaging you directly, please let us know.

It should only take a few weeks from the point of listing to having funds delivered, but there is some variance depending on the specific details of your fundraise.

We don't share the underlying owners details to preserve the privacy of the investors' identities. We can, however, allow users to opt-in to sharing their Twitter or Farcaster handle with projects they have invested in.

Your investment is legally managed by Echo, not the lead investor. Echo uses smart contracts to claim asset ownership. The lead investor never has access to your USDC or your subsequent investment. And for any token investment, only you decide when you sell your tokens.

We use Sumsub for our KYC, which is also used by Binance and Bybit.

Documents must: include any of the following, not older than 3 month(s) and must contain your full name and address:
- utility bill,
- bank/credit card statement,
- tax invoice or government-issued residential statement/certificate.

We don't accept:
- screenshots
- photos of a screen
- photocopied documents
- mobile phone bills
- medical bills
- receipts, or insurance statements.

You may use online bank or utility statements that meet the criteria above, just make sure to download them as a PDF and you should be able to upload them on your profile.

Also note that you can't reuse the same document twice. For example, if you used your driver's license to perform your ID check, you will not be able to use the same ID to perform your proof of address for security reasons.

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At the moment we are not accepting statements from Neo banks as proof of address as they often lack stringent verification processes.

There is no place where all the sales are listed, you need to look for them on your own. Sonar does not list, promote, or manage any sales. Each sale is created and operated by the project behind it. Sonar’s only role is to perform the verification process that allows you to take part.

There are no fees to use Sonar, these are covered by the projects themselves.

Sonar only collects the information required to verify that you meet a sale’s eligibility criteria. This can include your identity, country of residence, or accreditation status depending on the rules defined by the sale.

Only the specific sale you connect to and authorize can access your information, and only the fields that are required for its eligibility check. You can review what is shared and revoke access at any time.

When a sale supports Sonar, you will be asked to connect your verified profile. Sonar checks your details against that sale’s criteria and confirms whether you are eligible to continue.

Once your eligibility is verified, Sonar returns the result to the sale. Everything that happens after—such as allocation, payment, or confirmation—is managed by the sale’s own system.

No. Sonar does not issue documents, receipts, or investment confirmations. Any materials or updates related to a sale come directly from the project conducting it.

Yes. You can complete verification as an individual or for a company or entity that you control. You’ll be able to select which identity to use when connecting to a sale.