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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.

Details
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.
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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Allocation and Emission.

No calculation connected

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Resources.

Author.

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