Cover Image for Cult DAO

Cult DAO

Cult DAO is a Venture DAO fully owned by the community. Cult DAO benefits token holders and stakers in the ecosystem through investment based on community voting and strong deflation mechanism.

Categories:

DAO

DeFi

Investment

Updated:

2023-04-03

Tags:

Yield Bearing

Ticker:

CULT

Token Strength.

Token Utility:

$CULT and $dCULT
Governance: Token holders can vote on proposals that affect the DAO's decision-making process.
Taxation: The DAO can impose fees or taxes on transactions to generate revenue for the organization.
Returns: Token holders can receive returns on their investment in the DAO, based on its performance.
Staking: Token holders can stake their tokens to earn rewards or influence the DAO's decision-making process.

Demand Driver:

Return Expectation:
Token holders believe burning $CULT and investment returns will increase token value.

Governance Participation:
Stakers vote on investment decisions, while Guardians propose decisions and have stronger incentives to hold $CULT.

Value Creation:

Cult DAO solves the problems of high barriers to entry and centralized decision-making mechanisms, providing community members with a low-threshold group decision-making investment platform.

Value Capture:

Value accrual to token:
$CULT token captures value through burning tokens and redistributing benefits to holders, allowing for increased scarcity and potential appreciation in value.

Value accrual to the protocol:
No value is directly accrued to the Cult DAO protocol treasury.

Business Model:

The business model for Cult DAO:

Revenue comes from:
0.4% tax on every transaction on-chain

Revenue is denominated in:
$CULT

Revenue goes to:
approved investment proposals, burnt tokens, and stakers in $CULT. Half of the investment return was burnt in $CULT, and the other half was distributed to stakers.

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Protocol Analysis.

Problems & Solutions
Problem:
The current centralized investment system lacks transparency and inclusivity, leaving many investors with limited say and control over their investments.

Solution:
Cult DAO offers a decentralized alternative where community members have equal voting power in investment decisions. With a deflation mechanism in place, token holders and stakers benefit from a sustainable and inclusive ecosystem.
Predecessors

Investment Take

... coming soon

Tokenomics Timeline.

  1. 2022-01-31

    TGE

    Presale On Unicrypt

  2. 2022-02-06

    Protocol Launch

    Staking and Protocol app goes live

  3. 2022-06-29

    RVLT Launch

    An ecosystem protocol to support revolutionary behavior in reality

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Ecosystem Users.

NameRole

Resources.

Author.

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