
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:
2023-03-10
Tags:
Yield Bearing
Ticker:
CULT
Token Strength.
Token Utility:
$CULT and $dCULT assume all available functions in the ecosystem, including governance, taxation, returns, etc.
Demand Driver:
The demand for $CULT mainly comes from returns and control rights. Token holders believe that depending on burning $CULT and investment returns, the price of a single token will increase. The Many (stakers) are able to participate in investment decision-making by voting while Guardians (top 50 stakers) have stronger incentives to hold $CULT because of proposing rights.
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:
In fact, the mechanism of $CULT takes away the benefits of traders and then redistributes them between holders through burning tokens and getting the return of the investment.
Business Model:
Cult DAO owns a Treasury that is funded by a 0.4% tax on every transaction on-chain. Funds are drawn for every approved investment proposal, where a small portion is burned and most are sent to the proposed portfolio project. Half of the investment return will be burnt in $CULT, and the other half will be distributed to stakers in $CULT.
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Protocol Analysis.
Problems & Solutions | Cult DAO depends on Guardians to find investment projects. However, by proposing, Guardians can leverage resources that do not belong to them to serve their private interests. Too many $CULT are burnt during the operation, which wastes a lot of available resources. |
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Predecessors |
Investment Take
... coming soon
Tokenomics Timeline.
2022-01-31
TGE
Presale On Unicrypt
2022-02-06
Protocol Launch
Staking and Protocol app goes live
2022-06-29
RVLT Launch
An ecosystem protocol to support revolutionary behavior in reality
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Allocation and Emission.
No calculation connected
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Resources.
Author.
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