N
Nebula $NEB ◆Revenue verified X verified
Developer tooling SaaS · graduated 3 months ago · FDV $860,000
GraduatedView project
Quarterly verificationAlive
47 days
Next window 2026-12-05 · 2 reports filed · each quarter keeps the badge and payouts alive
Milestone payouts1 / 3 released
30% / 30% / 40%1 of 3 batches
Batch 1 $55,200 (net $54,924) released · batch 2 pending verification · batch 3 locked · withdrawal fee 0.5%
Deposit refund2 / 4 · 50%
4 quarters × 25%$5,000 of $10,000 released
Deposit $10,000 = 5% of raise (cash 50% + equal-value VFY 50%) · each quarter releases 25% when verified revenue ≥ 80% of target · auction failure returns the full deposit, fraud forfeits it
FDV multipleWithin cap
8.96×
Current FDV ÷ verified ARR · cap 10× · headroom 1.04×
Formula · $860,000 ÷ $96,000 = 8.9583… → 8.96× ≤ 10×
All project-side numbers are the same source as the project page C5 / C6 / F1 — no second version of the truth.