# NGC Ventures - DAO Proposal

**URL:** <https://forum.ssv.network/t/ngc-ventures-dao-proposal/154>\
**Category:** Parthership\
**Created:** [November 18, 2021, 3:54am UTC](https://forum.ssv.network/t/ngc-ventures-dao-proposal/154 "2021-11-18T03:54:35Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![ngc\_ventures](https://avatars.discourse-cdn.com/v4/letter/n/3be4f8/32.png) [@ngc\_ventures](https://forum.ssv.network/u/ngc_ventures)\
**Post date:** [November 18, 2021, 3:54am UTC](https://forum.ssv.network/t/ngc-ventures-dao-proposal/154/1 "2021-11-18T03:54:35Z")

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**Proposal overview**

This proposal is an extension of the [DAO Partner Program proposal](https://forum.ssv.network/t/dao-partner-program/52) (submitted Oct. 1st 2021). We, NGC Ventures, also a member of SSV community ,hereby propose to join batch #1 of the program,

**Motivation**

The success of the SSV.Network depends on its community, currently composed of highly technical and experienced individuals from the ethereum community.

The motivation behind this proposal is to enlarge the community by engaging, via SSV token ownership, with strategic companies (partners) from the ethereum staking industry.

We believe that together we can bootstrap SSV.Network with experienced operators, their communities and eventually mainnet ETH.

**Mechanics**

The DAO Partner Program was designed to accommodate the continuous introduction of new DAO Partners over the course of 6 months. The partners will be subjected to the terms specified in the [Genesis Proposal]

(NGC Ventures) is proposing to purchase (40387.72) SSV tokens (for ETH or USDC) at the ‘batch 1’ reference price of 6.19 USD per 1 SSV([calculation table)](https://docs.google.com/spreadsheets/d/11eam_aqdVx-cLaqHvBrKIS77wdboFwuKKnCAh3OxmgA/edit?usp=sharing)

**Motivation**

We admire the decentralized method which SSV is adopting, hoping to join this journey of ETH 2.0.

**What we can bring to SSV.network?**

1. We’re running a validator for SSV with at least 99.9% availability to secure the network
2. To shift more than 1000 staked ETH to SSV network from our own assets
3. Continuously bring ecosystem partners to SSV network, like mining pools and exchanges pools
4. Anything else the project and communities need

**About us**

NGC Ventures was founded in 2017. We’re the early supporters and validators of Solana/Algorand/Polkadot/Skale/NYM etc. We can be found at ngc.fund

Happy to get any feedback from the community!

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**Author:** ![satoshimonkey](https://avatars.discourse-cdn.com/v4/letter/s/a8b319/32.png) [@satoshimonkey](https://forum.ssv.network/u/satoshimonkey)\
**Post date:** [November 18, 2021, 4:01am UTC](https://forum.ssv.network/t/ngc-ventures-dao-proposal/154/2 "2021-11-18T04:01:41Z")

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Welcome. Global VC Fund

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**Author:** ![BenAffleck](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ssv.network/benaffleck/32/19_2.png) [@BenAffleck](https://forum.ssv.network/u/BenAffleck)\
**Post date:** [November 21, 2021, 6:14pm UTC](https://forum.ssv.network/t/ngc-ventures-dao-proposal/154/3 "2021-11-21T18:14:59Z")

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> [@ngc\_ventures](#):
>
> We’re running a validator for SSV with at least 99.9% availability to secure the network

@ngc_ventures  
I assume this is about running an SSV **operator** node with 99.9% uptime (and not a validator). Please update. Thx.