In just 2020, DAO Maker welcomed more than 75,000 retail investors who showed a keen interest in early stage startups and ventures. Among them, some projects were onboarded with the peak of returning over 300x profit.
What is DAO Maker?
DAO Maker is a platform for retail ventures to invest in startups and projects at an early stage. In other words, DAO Maker is a launchpad that acts as an intermediary between the retail investors and the protocols during the fundraising process.
DAO Maker solves the risk of participating in token sales nowadays. When the product is still under development and the developer team has little to no credit, investing in the project can be a bet.
Therefore, DAO Maker with its reputation aims to ensure that investors/ventures can safely participate in IDO events, while young, promising protocols can raise funds to further develop their products.
What is DAO Token?
The DAO token is the center of the DAO Maker ecosystem. DAO can be used for a variety of purposes, including both utility and governance.
How does DAO Maker work?
So how does DAO Maker approach the problem? First, DAO Maker offers 4 tiers, or 4 options, for users and projects to select from. The 4 choices are provided based on their risk level, and can be listed as:
- Venture Bond: Low risk, low reward.
- Dynamic Coin Offerings (DYCO): Medium risk, medium reward.
- Refundable Strong Hold Offerings (SHO): Medium risk, medium reward.
- Standard Offerings: High risk, high reward.
Now, I will go deeper into each tier and explain how it works.
Venture Bond allows users to stake assets and receive an interest of 8-10%, which will be used to buy the bonds of startups.
As you can see, the investors do not directly buy the equity or tokens with their funds, but with the interest they earn by deploying their funds. Although it can be indicated that they are actually using only 10% of their total funds and earn only 10% worth of that amount, the asset that they swap to may deliver a 100x or more.
This investment method is zero-risk, and after the token sale, users can always fully withdraw their funds.
The DYCO and SHO model, however, are somewhat similar in their work process.
To participate in the DAO Maker’s launchpad, you have to qualify using “DAO Power”. You can either stake the DAO token or provide liquidity with the DAO pair to earn DAO Power.The more DAO Power you hold, the better your position gets.
The key difference between DYCO and SHO is that, after the token sale, people who join the DYCO will have the ability to refund their tokens within a 16-month period. The specific phases are split as below:
By setting up a 3 round system, DAO Maker allows investors to refund their tokens if they are not satisfied with the project’s progress, whereas the project itself has enough time to prove its potential and product/market fit.
Last but not least, DAO Maker introduces the feature Standard Offerings. Simply put, in this model, DAO Maker will let the startups issue their equity or tokens freely, and the retail investors can directly buy them by following the projects’ rules. There is no protection from DAO Maker, and users have to be responsible for their own funds.
Detailed information about DAO & DAI
DAO Key Metrics
- Name: DAO Maker.
- Ticker: DAO.
- Token standard: ERC-20.
- Token type: Governance.
- Max supply: 277,524,000 DAO.
- Circulating Supply: 88,998,000 DAO.
- Contract address: 0x0f51bb10119727a7e5ea3538074fb341f56b09ad.
DAO Token Allocation
- Sale: 78,000,000 (25%)
- Team: 62,400,000 (20%)
- DAO-Managed Foundation: 31,200,000 (10%)
- Ecosystem Growth: 28,080,000 (9%)
- Customer Incentives: 31,200,000 (10%）
- Advisors & Future Team: 15,600,000 (5%)
- Merger & Acquisition: 43,680,000 (14%)
- Foundation: 21,840,000 (7%)
DAO Token Sale
DAO Maker held the Token Sale through Gate.io with the initial goal of raising $300,000, which eventually ended up with more than $7.6M.
DAO Token Release Schedule
- Team: 1.5-year lock, followed by 12.5% equal quarterly vesting.
- Advisors: 1.5-year lock, followed by 12.5% equal quarterly vesting.
- Foundation: 2-year lock, followed by 14.28% quarterly unlocks.
- Mergers & Acquisitions: 5% unlock after 5-quarter lock, then 10% after 6 months, followed by 28.3% biannual unlock.
- Customer Incentives: 3-month lock followed by unlocks only per platform usage.
- DAO-Managed Foundation: 3% unlock after 12 months, then 4 quarters of 5% release, then 4 quarters of 8% release, and then 5 quarters of 9% release.
- Ecosystem (Community) Incentives: 7.5% after 12 months, followed by 2.5% per month.
DAO Token Use Cases
Currently, the DAO token serves multiple purposes, making it the core element linking every product in DAO Maker. Some key use cases include:
- Governance: Token holders can stake DAO tokens to gain voting rights.
- Reward Pool: Token holders receive a portion of the platform fees.
- Premium Access: Token stakers receive allocation and cashback priority.
- Burn: DAO tokens will be burned in some events.
How to get DAO Token
You can get DAO by participating in various products within the DAO Maker ecosystem, as in the above picture.
How to buy DAO token
You can buy DAO through:
- DEXs: Uniswap, Sushiswap,…
- CEXs: Gate, Kucoin…
You can also swap and buy DAO directly at the Coin98 Exchange interface at the end of this article! Coin98 Exchange is a decentralized exchange (DEX), a Multi-chain liquidity aggregator that offers users a wide variety of DeFi services (swap, stake, lend, borrow,…) through intuitive and simple interfaces.
Learn more: How to use Coin98 Exchange
How to store DAO Token
You can store DAO token on Coin98 Wallet with these steps:
Step 1: Open Coin98 Wallet & click Receive on the home screen.
Step 2: Search DAO Maker Token.
Step 3: Click on the correct result, copy the wallet address and send DAO to this address.
DAO Maker Roadmap
- Q3 2021: Margin for DYCOs, fiat onramp.
- Q4 2021: dTeams for equity-funded firms.
- Q1 2022: VB Exchange and Equity VB Exchange beta.
- Q2 2022: Equity Offering Platform beta, initiate break-in of dTeams for public firms.
- Q3 2022: High-investment index users’ board acts as Limited Partner, approve funding applicants.
Team, Investors and Partners
- Christoph Zaknun: CEO.
- Giorgio Marciano: CTO.
- Malte Christensen: COO.
- Hatu Sheikh: CMO.
DAO Maker is invested in by various well-known venture capitals, namely AU21 Capital, GBV, DFG, JR Capital,…
As a launchpad, DAO Maker partners with numerous projects, such as Orion Protocol, My Neighbour Alice,..
Is DAO Maker (DAO) a good investment?
I hope that with the aforementioned information, you have understood what DAO Maker is and how DAO Maker works. This article should give you a deep insight into the project, so there is no financial advice. You should Do Your Own Research before conducting any investment, and be responsible for your own fund. However, Coin98 will provide some notable points of the project to give you the best overview to make your own decisions.
As a launchpad, the number of projects that have successfully launched on it and their ROI are the key factors to evaluate DAO Maker. Let’s take a look at the list of IDOs on DAO Maker from the beginning:
It can be clearly seen that, the first few projects that DAO Maker supported had a great impression: The first project (LTO Network) raised $950,000 with an ATH ROI of 30x, the second protocol (Orion Protocol) raised $7.46M with an ATH ROI of 293x, and the third one (OpenPredict Token) raised $250,000 with an ATH ROI of 77x.
Launching initial projects with high ROI is of foremost importance to DAO Maker, and as mentioned above, DAO Maker successfully attracted new investors to its platform by those astonishing statistics. However, this case did not last long when over time, the IDOs on DAO Maker started losing their high ROI. Their current ROI are only 0.55x, 0.88x, 2.9x, and their ATH ROI are approximately 5x, 10x to 18x.
Let’s compare with one of DAO Maker’s major competitors – Polkastarter. Up to this point, DAO Maker has launched 16 IDOs less than Polkastarter (56 compared to 72), at the same time has had an average ATH ROI about 340% less than Polkastarter (3692% compared to 4032%). However, projects launched on DAO Maker have possessed an average Current ROI almost twice as much as those on Polkastarter (960% compared to 505%).
The race between the two top-ranked launchpads is still extremely intense at the moment. With both protocols going multichain and focusing on GameFi projects, we can expect that the upcoming exchange and lending products may be the key to possibly turn the table for DAO Maker.
You’ve been through an article about DAO Maker and the DAO token. I hope it has helped you in gaining more valuable insights into this project and understanding its potential.
If you want to know further about DAO Maker (DAO), please feel free to leave a comment below and join Coin98 Community for further discussions!
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