DAO1 is a new type of governance-led project, with great input incoming from the community. It is a community-led initiative. We aim to bridge the gap between traditional out of reach investing platforms and every day users in the cryptocurrency space. DAO1 users in particular, can expect a great platform, with features that offer a perfect blend between technology innovation and financial inclusivity.
DAO1 will offer a number of features, as listed in our Whitepaper 1.0, that will be key to support all community members in accordance with their financial goals and we encourage that everyone completes their due diligence and research before investing.
Yes, users can stake their DAO1 tokens on the platform
The total DAO1 token supply is 3,600,000.
We have proposed a clear team allocation for the DAO1 token in the whitepaper and this is subject to change at any time as we progress with the project and towards the project YFDAI launchpad launch.
We have a number of partnerships in relation to listing the DAO1 token on tier 1 exchanges. But we will announce them through our official social media channels.
DAO1’s mission is to promote innovation and financial independence through efficient usage of blockchain technology. DAO1 is a community-led platform with decentralized governance taking the forefront from the very beginning.
DAO1 is based on Ethereum blockchain and uses Polygon L2 solution to provide scalable and economical infrastructure.
The DAO1 token serves as both utility as well as governance token. It is necessary for all on-chain interactions within the DAO1 ecosystem, while serving as a medium for value exchange among participants. DAO1 token holders will be eligible for voting rights in the DAO1 governance system.
All rewards within the DAO1 ecosystem will be issued in the form of DAO1 token. The token will be listed on Uniswap and Quickswap soon, along with other tier1 and tier2 DEXs and CEXs soon.
DAO1 is more than just a DeFi project. Apart from the hackathons, incubator program and the NFT based charitable initiative, DAO1 incorporates the staking and yield farming programs that are quite common with all DeFi projects. In addition, the project also has a unique Decentralized Fund (DeF) with Hybrid Advisory that allows the community to make informed investment decisions.The crypto venture and startup fund is another offering where people can invest as less as $100 something unthinkable in a regular setting.
Yes, we will be announcing the details of scheduled burn events in advance along with post event reports detailing the number of tokens removed from circulation during each such event.
We have the basic features ready and most of the other features are currently in different stages of development. There are a lot of exciting announcements around the corner. Wait for it!
You can earn DAO1 by participating in our frequently organized events, winning the hackathon, through staking and yield farming and through active participation in the governance process.
Innovative ideas in the blockchain space with potential real-world use cases, a good team with technical skills necessary to build the platform and a great presentation about why it is a good idea to have you onboard the incubation program. Our team of experts will evaluate each submission and shortlist those who make the cut. It will be followed by interviews and some due diligence before extending an offer to join the incubation program.
While we prefer projects that can work synergistically with the DAO1 ecosystem, we also look forward to encouraging all projects that can add real value to the society.
In simple words, the capability of sustaining as many users and use cases as possible without compromising on speed, security, transparency and cost of operations. We enable it by adopting the Polygon L2 solution for Etheruem protocol.
It is preferable but not compulsory.
The smart contract address will be announced soon.
The governance will function as a proportionally-driven voting system. This means that users will have the ability to vote on what direction DAO1 takes. DAO1 token holders will receive preferential voting rights in each of our features and depending on the feature itself, will be able to help drive forward that feature with select changes they propose, accept, deny or abandon. For example, the Crypto Venture & Startup Fund, will grant DAO1 token holders by allowing them to select and access exclusive investment funds, something that will not be accessible by non-DAO1 token holders.
We are in the process of identifying the charitable organizations. The list will be announced soon after the completion of due diligence and execution of necessary agreements.
We are a global team, with people sharing the same vision and working on the same project, round the clock from different time zones and geographies.