Removing the boundary between small and large investors in terms of access to capital in the crypto world, the DAO Maker platform was born to solve this problem. If you are also an investor without abundant financial resources, please read the following article to understand what is DAO Maker (DAO).
What is DAO Maker (DAO)?
DAO Maker (DAO) is a SaaS (Software as a Service) blockchain that acts as a bridge between small and medium investors and startups, to help them access venture capital at a risk level low on cryptocurrencies as well as easier token ownership.
This is an automated and decentralized platform, designed based on open source code and without any management system or any executive board. Therefore, the DAO can avoid influence from countries even though it is using the Ethereum network.
In addition, DAO Maker also provides B2B (business to business), B2C (business to customer) services such as fundraising solutions, tokenomics design, strategy consulting, branding, fundraising and management. property management, community development to support the project, etc.
Key products of DAO Maker
1. Venture Bonds
Venture Bonds function to provide DAO Maker users with investment access at close to zero risk. The principal amount is considered profit after being included in DeFi and CeFi protocols that will be transferred to startups. . After the startups receive the investment, they will continue to distribute them to users. They will get their original coins and tokens back at maturity.
2. Venture Bond Exchange
This is considered an extension of the above product. Venture Bond Exchange is an exchange from venture bonds (VBs) to create liquidity of tokens. The market will be the determining factor in the value of these tokens.
3. Dynamic Coin Offering
Dynamic Coin Offering (DYCO) provides token returns after purchase. This can be seen as a new standard in token sales. If the token value is lower than the return value, the user can buy the token on the market and return it to DAO Maker. You will not have to worry too much if the token price drops.
The returned tokens will be automatically processed and the circulating supply in the market will be reduced if the user is not satisfied with the decision to participate. This will help investors act more thoughtfully and responsibly.
4. Strong Holder Offering
SHO has the function of allocating tokens to small and medium investors based on their contribution to the project. With proprietary data for reviews, DAO Maker has turned public sales into a means of driving publicity, early marketing, and growth for the community. SHO is designed to build an active community that provides awareness to investors.
5. Social Mining
Social Mining is a B2C SaaS solution that allows startups to start building communities and ecosystems for projects through coding.
6. dTeams
Somewhat similar to Social Mining, dTeams is a SaaS solution that gets startups coded with all they need. At the same time, dTeams also provides infrastructure, and systems for anti-corruption, governance services, staking and liquidity mining through the tested cPanel with built-in CRM.
7. Vending Bond
Although the type of Vending Bond is called a risky bond, the risk is extremely low, it can be said to be almost zero. Through this type of bond, the trustee can make a profit through his own account. lock to the platform.
By locking the customer’s bet assets for a certain period of time, the project side also receives additional capital from the trust property itself. At the same time, these projects also receive funding at the rate of bond burning. Each project needs to accept the following 2 regulations.
– Only issue more bonds in case the bond burning rate increases in line with actual market demand.
– The project is not allowed to increase the token supply which affects the number of tokens in circulation in the market.
How Does DAO Maker Work?
Like most modern blockchain project launchpads, DAO Maker requires that users lock up a fixed minimum number of DAO tokens in order to participate in launches.
As of writing, users must stake at least 500 DAO in DAO Maker’s vaults. Users will receive 1 DAO power for every DAO staked. Users can also triple their DAO power by staking DAO-USDC Uniswap LP tokens instead. By staking DAO, users also earn a yield in the form of a selected project token, e.g. Evolution (EVN), Yield Protocol (YIELD), Open Ocean (OOE), etc.
This DAO power is used to participate in DAO Maker’s strong holder offerings (SHOs), SEED sales or dynamic coin offerings (DYCOs) — the latter of which is a type of partially refundable token sale method.
Besides the DAO Pad, DAO Maker is also developing a new flagship product known as Venture Bonds. This will allow users to purchase bonds from startups, following which DAO Maker will deploy their funds to overcollateralized DeFi and CeFi lending markets to earn a yield. This yield is then distributed to startups to finance their growth and development, while bond purchasers earn project tokens and equity in return.
Once the bond matures, users will receive their funds back and will keep any yields they have accrued in the form of project tokens or equity.
As it stands, DAO Maker’s DAO Pad, Vault and Social Mining features are online, but the development of a number of other products is ongoing. According to the official roadmap, the platform is scheduled to launch the beta version of its Venture Bonds product in Q3 2021, and will begin supporting equity offerings by Q2 2022.
Information about Token DAO Maker (DAO)
- Key metrics (Information overview)
- Token name: DAO Token
- Ticker: Knife
- Blockchain: Ethereum network
- Token standard: ERC-20 standard
- Contract: 0x0f51bb10119727a7e5ea3538074fb341f56b09ad
- Token type: Utility type
- Total supply: dynamic supply: supply 234M DAO (max refund) to 312M DAO
Token allocation
- Sale: 78 000 000 (equivalent to 25%)
- Team: 62 400 000 (equivalent to 20%)
- DAO-Managed foundation: 31 200 000 (equivalent to 10%)
- Eco growth: 28 080 000 (equivalent to 9%)
- Customer incentives: 31 200 000 (equivalent to 10%)
- Advisors and future team: 15 600 000 (equivalent to 5%)
- Merger and acquisition: 43 680 000 (equivalent to 14%)
What is DAO token used for?
Participants can use DAO tokens in one of the following cases:
– Governance: Similar to other cryptocurrency projects, when you hold the token, you will get the administrative rights to propose project development through voting.
– Reward pool: Just like other ecosystems, tokens can be considered as a reward for participants. Investors who hold tokens can stake DAO to receive rewards every month from projects. Rewards can be tokens or other incentives.
– Burn and more incentives: The number of tokens will be divided into several parts, including an allocation to the ecosystem, the part will be burned, and the part will support the project’s development. This is also to encourage long-term investment and long-term commitment of users to help the project develop more and more.
– Premium access: Token holders also benefit from better access to allocation priority and cashbacks.
– Collateral to sponsor lending pools: Investors can use their tokens to deposit as collateral to finance the market. On the contrary, they will receive the cost from the market they have chosen.
DAO’s Core Team
We can we buy DAO tokens?
DAO Maker is currently listed on various exchanges Gate.io, KuCoin, OKEx… or some other DEX exchanges like Uniswap.
Conclusion
Venture capital has always been a thing that seems to be only for large institutions and investment funds. In the past, personal access was quite difficult and ambiguous. DAO Maker has broken this barrier between small individuals and Startups.
Hopefully, through the article of Crypto Insights, our readers will know more about what DAO Maker is and the outstanding advantages of this project. If you find it useful, don’t forget to share it with your friends!