With the new updates in community payout process, I realized that DAOs/representatives of DAOs need to create an invoice to complete the Community-Rewards Agreement to receive your fund. After finishing the process and receiving payout, I noticed there’s some slight difference between the instructions sent by NF and the actual UX on the website. So this is to help the community finish the process easier, step-by-step.
After signing the Community - Reward Agreement, you’ll then receive an email with this instruction:
Enter your NEAR wallet in the field “Add a name for your bank account” (The second field is optional but we need to fill something to Save Bank Account so I just put it as “Bank”) => click on Save Bank Account
For the description, I copied the information at the end of the Rewards agreement (the document that we sign on) to make sure the information is synchronized and NF could understand it easier
So I copied the last line (in the picture) to put on Description and it works
Note: This is not an official instructions by Near Foundation or any NEAR Staff, the post is made by me as a community member & Creatives DAO Moderator. I hope this can help DAOs to receive your fund in a smooth way & any feedbacks or contribution is welcomed!
Thanks for that! I have a question regarding these invoices. The people that have been KYC’ed are the ones creating the invoices for their DAO. Previously the funds would go in my wallet and then I would transfer them to the DAO. If I now make an invoice that is paid to me, it will look like I just got paid this money. This will not look good tax-wise at all. Can we not send the invoice from the DAO instead of personally?
this is just a suggestion, I think it will be easier if you make a video tutorial and share the tutorial video to the community, it will be easier for people to run it. Thanks for the information, keep it up bro!
Hi @Wiswiz, thank you for the suggestion. It’s a good call actually, sorry I just feel like I’m more confident in written English than spoken haha Hope you find it useful btw.