|All Time High:|
|Market Cap: |
|The price of #DAO today is $1.27 USD.|
The lowest DAO price for this period was $0, the highest was $1.27, and the current live price for one DAO coin is $1.27033.
The all-time high DAO coin price was $12.46.
Use our custom price calculator to see the hypothetical price of DAO with market cap of ETH or other crypto coins.
|The code for DAO Maker is #DAO. |
DAO Maker is 2.3 years old.
|The current market capitalization for DAO Maker is $210,590,031.|
DAO Maker is ranked #140 out of all coins, by market cap (and other factors).
|There is a medium volume of trading today on #DAO.|
Today's 24-hour trading volume across all exchanges for DAO Maker is $535,878.
|The circulating supply of DAO is 165,776,000 coins, which is 54% of the maximum coin supply.|
|Note that there are multiple coins that share the code #DAO, and you can view them on our DAO disambiguation page.|
Trust Wallet x DAO Maker : Campaign Partnership
Trust Wallet x DAO Maker : Campaign Partnership - On this Monday 21st of November, DAO Maker is a proud launch partner for the Trust Wallet Browser Extension! To celebrate, everyone who completes all the steps described below will receive a FREE OAT NFT ! Plus… we’re giving away $2,000 in $TWT between 20 participants with the highest score ! You can increase your score by doing simple tasks (more information on B). You have until the 6th of December 2022 to join and get the best score ! A - How do I receive my OAT NFT ? Download The Trust Wallet Browser Extension (you can import your current mobile wallet into the Trust Wallet Browser Extension!), Log into Galxe with your Trust Wallet, Complete the Galxe steps ! It is essential that you complete all the steps and claim your OAT token in Trust Wallet., Only those who hold the claimed OAT in their Trust Wallet will have a chance to win the airdrop. NOTE: You must first verify your Discord and Twitter accounts in your Galxe profile settings. Your NFT will only be viewable in your mobile wallet. B - How do I participate in the $TWT Airdrop ? 1# : Go on daomaker.com (create your account if not already) 2# : Connect your Trust Wallet address 3# : Click on Products and select Community voting 4# : Select Trust Wallet TokenResearch page and click on Participate 5# : Sign the message, once done you are accounted as participant for TWT Wallet airdrop ! 6# : To ...
Long-term Staking Vision, Team Tokens Locked for 3 years in VY
Long-term Staking Vision, Team Tokens Locked for 3 years in Venture Staking - The DAO Maker team and our community are long-term believers in the DAO token. As a the result, most of the circulating supply is locked for several years, leaving around 3.7M DAO remaining on centralized exchanges. Our proprietary staking contracts have been growing up only and now locking over 60% of all circulating tokens for an average of 1.7 years. When compared to other highly respected companies, few can compete. Some of you reading this right now might ask yourself why this launchpad token is outcompeting some of the biggest protocols in space? — DAO The perfect Utility Token. — The Venture Staking Locking Mechanism Proprietary Staking contract that rewards long-term stakers and fees early unstaker. Fees are burned and given to stakers that stay loyal to their stake. Once a user wins an SHO, future vested tokens will only be distributed by our smart contracts as long as the user remains staking their DAO. Turning all IDO winnings into staking rewards. Cycle Agnostic Product Unlike 99% of the coins out there that come and die with trends and cycles, DAO Maker is cycle agnostic and therefore bear market proof. In fact, since the start of the bear market the yield and rewards reached ATH. Continues flow of non-inflationary yield 99% of coins, including the most respected DeFi protocols, inflate themselves to death before even tur...
Community Voting Tutorial
Dear readers, A lot of questions have been raised in our socials regarding the introduction of the community voting for DAO Maker’s entrants. This article is here to clarify all of your enquiries. To make it clear, EVERYONE has the ability to vote on projects through the community launchpad. This is incentivized by an AIRDROP, regardless of your $DAO holdings. In other words, if you vote, you get that project’s tokens airdropped to your participating wallet. Note : Community votes are cost-free and there is no requirement for a KYC verification to be completed. Soon, you’ll be able to participate even without signing-up on daomaker.com ! — How does it work?. — Apart from Incubation, SHO and Public SHO, applicants will get additional coverage thanks to community voting on daomaker.com Applicant’s tokens will be airdropped to all the wallets that participated in the community vote. As a participant, you can increase the amount of tokens received by performing several simple tasks benefitting both applicants and DAO Maker. DAO Maker is a platform that allows applicants to advertise their airdrop. Distribution of the tokens will in most cases be handled by the project itself. Check now if there’s one to join on this webpage. — How can I participate ?. — 1# : Go on daomaker.com and connect your wallet 2# : Click on Products and select Community voting 3# : Select a Research page and clic...
DAO Maker Permissionless Farms
Growing to be a decentralised autonomous Platform for all things Tokens DAO Maker recently introduced our Farms & Vesting Contracts services for our clients. Our next step is to provide a clear permissionless process for any company to utilize our protocols. Allowing anybody to setup their farms and vesting contracts on DAO Maker. However in a smart and protective manner of users and the general public. Any token that wants to setup a Farm can do so by going to our Farms, however to get verified and visible they will need to pass the automatic verification process. Liquidity providers are at risk of impermanent loss. In order to for DAO Maker Platform to provide visibility to the farm, users need to be sure of any inflation data around the token. For that people need to be given transparent and reliable token metric data. Any token that setup their token farm on DAO Maker will be first be unverified and sorted as Risky. To become verified the company is required to setup their vesting schedules and smart contracts. This way Farms have a clear overview of inflation and this data can be trusted as its setup on immutable smart contracts. Setting up a farm and getting verified is an open and premissionless process. This opened up the platform to evolve beyond its current closed capabilites. DAO Maker Permissionless Farms was originally published in DAO Maker on Medium, where people are continuing the conversation by highlig...
Sweatcoin: Top 3 fitness app in the Google and App Store with 100M users to launch on DAO Maker!
DAO Maker has been working hard to improve the quality of our startups constantly. Today we are extremely proud to announce that DAO Maker will launch one of if not the biggest tokenization events in history. Sweat coin is a massive brand with over 100M users and the top fitness app in both the Apple Store and android play store. Sweat has already created the most popular Health & Fitness App globally of 2022 in Sweatcoin, a Web2 app with over 110M+ users and a funnel to create the Sweat Wallet, a Web3 app powered by a new cryptocurrency — SWEAT. Since its recent inception, over 13M wallets have been created. Sweat Tokenomics: sweateconomy.com — Sweatcoin is the first sale on DAO Maker v2.. — DAO Maker v2 will go live on the 5th of September and kick off with one of our largest sales to date. The total offering will be $2,000,000 split evenly between Public SHO and DAO Maker holders. The DAO sho will be conducted via the new guaranteed allocation fusion model (learn more). The Public sale will end on Friday 9th of September and will be finalized as an FCFS. — What makes Sweat Economy (SWEAT) unique? - No upfront fee. With SWEAT, no payment is required, and demand for the token comes from a fundamental value., Revenue model. Most engage-2-earn projects rely on a circular revenue model: people buy the token to get an NFT, which helps them earn more of the token, which helps them upgrade the NFT ...
Long-term Staking Vision, Team Tokens Locked for 3 years in VY
The DAO Maker team and our community are long-term believers in the DAO token. As a result, most of the circulating supply is locked for several years, leaving around 3.7M DAO remaining on centralized exchanges. Our proprietary staking contracts have been growing up only and now locking over 60% of all circulating tokens for an average of 1.7 years. When compared to other highly respected companies, few can compete. Some of you reading this right now might ask themselves why this launchpad token is outcompeting some of the biggest protocols in space? — DAO The perfect Utility Token - The Venture Yield Locking Mechanism Proprietary Staking contract that rewards long-term stakers and fees early unstaker. Fees are burned and given to stakers that stay loyal to their stake. Once a user wins an SHO, future vested tokens will only be distributed by our smart contracts as long as the user remains staking their DAO. Turning all IDO winnings into staking rewards. Cycle Agnostic Product Unlike 99% of the coins out there that come and die with trends and cycles, DAO Maker is cycle agnostic and therefore bear market proof. In fact, since the start of the bear market the yield and rewards reached ATH. Continues flow of non-inflationary yield 99% of coins, including the most respected DeFi protocols, inflate themselves to death before even turning one year old. As the saying goes: If you don’t know where the yield comes from,...
Multi-chain protocols and smart contract services
As the number 1 platform in the industry for new launches, 100s of new companies approach our research team every month. We reject over 95% of these as we aim to only have viable long-term tokens on our Launchpad. However, we are leaving a lot of value on the table by not servicing 95% of our future client deal flow. We, therefore, had to find a solution on how to effectively monetize our extremely full sales funnels and focused on how to expand DAO Maker from being able to work with 1% efficiently to working with 100% without damaging our reputation. We came up with three core products that we will present throughout this campaign. Today we are proud to present our multi-chain smart contract service products. — DAO Farms:. — DAO Farms have opened UI smart contract infrastructure to companies that want to be advised on how to conduct a wholesome liquidity campaign. Optimal liquidity farming campaigns are hard to pull off, resulting in the token team losing value and user farming. Any company that wants to set up their farms can apply with our research team, and after optimizing a Research, Page will be set up on our Farm page for them. Farming campaigns will usually run for 3 months at a time. Although considered as a single product, Farms do not seem too impressive, but in combination with one of the largest deal flows in the space, one can deduce that most crypto farms will likely be held on DAO Maker. —...
DAO Tokens integrated with Binance Custody
We are pleased to announce that DAO Maker is now integrated with Binance Custody as its custodian partner to enhance digital asset security. Binance Custody also supports DAO token, allowing institutions to safeguard DAO tokens by using the best-in-class cold storage solutions. Binance Custody is a fully regulated and compliant virtual asset custody platform. On top of securing funds to the highest possible standard, Binance Custody provides Liquidity solutions to institutional clients through Cold Convert, Binance Mirror and Share Wallet. By partnering with Binance Custody, DAO Maker has access to world-class security and digital asset management technology. About Binance Custody: Binance Custody is fully regulated, insured, and seamlessly integrated into the Binance ecosystem. The digital asset custody service uses multi-party computation (MPC) technology to provide bespoke solutions for clients. With no compromise between world-class security and an easy and efficient user experience, the platform features a customizable multi-approval scheme, allowing institutions to operate crypto assets systematically, securely, and in a controlled fashion. The core technology of our custodial service is certified with ISO 27001& 27701, the world’s best-known quality management standards in information security and privacy protection. About DAO Maker DAO Maker is the leading incubation, fundraising and acceleration platform with ...
DAOception: First Snapshot vote Live! BSC?
DAO Maker is going live on Governance Platform Snapshot together with our first vote. Should DAO Maker open staking and LP pools on Binance smart chain BSC? Full discussion: discord.gg Fastest growing DAO Treasury in crypto Venture Yield Cashback funds taken as the 20% fee from DAO holders are currently automatically used to repurchase DAO and send them to the staking contracts. Moving forward liquidations will be sent to a multisig wallet transparent to the DAO. This wallet will hold USDC & DAO. The way the USDC will be used is up for governance vote of the DAO. Currently, these funds are used to DCA into DAO Tokens. From now on the DAO can vote that these funds can be used differently. Users can vote if they want to have the funds burned, staked, or used in a completely different manner. As a result, we provide a major boost in transparency for DAO stakers. To date 2,525,490 DAO were bought from the market, 579,362.60 from Centralized exchanges, and 1,946,128 DAO, approximately $6M USDC over the first 6 months since the start of the system. Allowing anybody to accurately measure the Venture Yield Fees.Current Data from Venture YieldP/E ratio based on current value of distributed allocations on DAO SHOs — Should DAO Maker implement staking and access for SHOs via BSC? - All DAO holders can vote for any proposals. All holders need to do is connect their wallet that they are using to hold or to stake DAO and t...
Governance, Voted SHO & Guaranteed Allocations (Fusion System)
Automation & Guaranteed Allocation System - DAO Makers Launchpad process is quite complicated and difficult to understand for newcomers and even existing holders. This had to stop. We needed to come up with a new elegant system that makes everything 5x simpler and that's exactly what we did. — Proud to present the Fusion System. — The fusion system reduces complexity and onboarding time for our users by 90%. Currently, users have to KYC, register, wait, get an email, check the raffle spreadsheet and then stress out for FCFS, and then contribute, this will be replaced with: KYC, Contribute, and win. When contributions open users will get a notification via email automatically and contribute right away. The maximum personal allocation that users can contribute is calculated based on the user’s staked DAO. Maximum Contribution Formula: (Total Allocation for the Sale / Average Total DAO Staked for Sales) * 4 = Allocation Per DAO Power (4 = 4x oversubscription) Example: A user stakes 6430 DAO and the total raise of the sale is 600,000 6430 DAO = Tier 2 so his DAO Power is 7,073 (10% bonus) 600,000 /25,000,000 * 4 = 0.096 * 7,073 = $679 His personal maximum allocation will therefore be $679 — Under Subscription:. — If not enough people deposit BUSD before the end of the voting period then the smart contract automatically returns everybody’s funds back to their wallets after 48 hours. &mda...
More DAO Maker (#DAO) News
|DAO Treasuries Surge: From $8.8B to $21.5B in 90 Days, Marking a 144% In...
According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with the funds held by DAO treasuries increasing by 144% to the current value of $21.5 billion.
Decentralized Autonomous Organizations Witness Explosive Growth in 3 Months
Following the failure of the first decentralized autonomous organization (DAO) in 2016, the concept of DAOs experienced substantial growth. As of May 19, 2023, deepdao.io, a web portal dedicated to the analysis and information surrounding these organizations, has documented approximately 12,763 DAOs. In October 2022, Bitcoin.com News reported on the financial assets held by DAO treasuries, which amounted to a total value of $9.8 billion. Notably, the largest treasury belonged to Uniswap, boasting a stash of $2.8 billion.
At that time, Bitdao held a cache of $1.3 billion in assets, closely following Uniswap's DAO treasury. However, the subsequent months witnessed a decline, with the funds held by DAO treasuries plunging to a low of $8.8 billion by February 2023. Fast forward to today, May 19, 2023, and the scenario has transformed dramatically. The funds held by DAO treasuries have surged to $21.5 billion. Notably, Bitdao's treasury now holds the third position, while Uniswap's treasury secures the fourth spot among the ...
|TRON DAO Announces Results of HackaTRON Season 4
[PRESS RELEASE - Geneva, Switzerland, May 16th, 2023]
The TRON DAO team, community representatives of the TRON blockchain platform, revealed the results for the fourth season of their popular HackaTRON competition. 500,000 USDD, a TRON-based decentralized, overcollateralized, multi-chain stablecoin, will be shared among the top projects. Judge-selected qualifiers will also be given application accessibility to TRON DAO Ventures and Huobi Ventures for potential capital funding.
There were over 625 participants from 172 projects across six tracks, including DeFi, Web3, NFT, and GameFi, alongside the new Builder and Eco-Friendly categories.
“Our thriving community's incredible talent and innovation were on full display for this season’s HackaTRON,” said Ejaz Merchant, Developer Lead with TRON DAO. “I want to express my gratitude to all the outstanding projects who submitted, all the partners, and the committed community members who made this event a success. Together, we are expanding blockchain technology's potential and promoting a cooperative, self-maintained ecosystem.”
Judge-Selected Top Fives
First place in each of the judge-selected categories receives 20,000 USDD, with second place entries receiving 15,000 USDD, third place 10,000 USDD, and fourth and fifth places 8,000 and 6,000 USDD, respectively.
The new Builder category recognized teams returning to the hackathon that have made significant updates to their projects. First place this seas...
|The Elon Musk Effect: Cult DAO (CULT) Spikes 70% Following Tesla's CEO T...
CULT - the native token of the blockchain project Cult DAO - soared by over 70% shortly after Elon Musk dropped a mysterious tweet containing the same name.
The CEO of Twitter, Tesla, and SpaceX is known as one of the most influential individuals in the world of crypto. His previous comments have caused price swings in other digital assets in the past few years, including Dogecoin (DOGE), Floki Inu (FLOKI), and others.
Musk has proven once again that even a short tweet posted by him could trigger a significant price increase of a certain token. His most recent post on the social media platform contained the words 'cult' and 'culture.'
Despite not revealing what stands behind that phrase, Twitter's CEO caused a price spike of CULT (the native token of Cult DAO), which spiked by more than 70% in a matter of hours.
CULT price, Source: CoinGecko
Musk's previous influence in the crypto market is well-known and typically involves his favorite memecoin Dogecoin, as well as Floki Inu
DOGE's valuation has gone north multiple times following announcements by the South African billionaire. Most recently, he changed Twitter's main logo into a picture of the infamous 'Doge' meme Twitter's main logo, propelling a 25% price increase for the asset.
FLOKI has also soared due to Musk's interactions. The entrepreneur uploaded a sarcastic photo on Twitter in February, depicting his dog as the new boss of the social media giant.
Considering that the pet's name is Floki, it is no wonder ...
|DeFi Platform JustLend DAO Unveils Staked TRX and Energy Rental Features
[PRESS RELEASE - Singapore, Singapore, April 19th, 2023]
JustLend DAO has announced the launch of two new features – 'Staked TRX' and 'Energy Rental,” aimed at providing users with more flexible and streamlined options while reducing energy rental costs. This major upgrade, released on April 16, expands the reach of JustLend DAO’s capability to multiply users' benefits by putting their assets into active use.
The new 'Staked TRX' feature is based on Stake 2.0 and allows users to earn high yields by staking TRX then receiving sTRX tokens. With 'Staked TRX,' the platform automatically earns yields for users via (a) voting rewards as the platform automatically votes for Super Representatives with their staked TRX and (b) renting out the Energy obtained by staking, resulting in higher yields and a much simpler staking process. As voting rewards and rents accrue, the exchange rate of TRX to sTRX will rise accordingly, thus increasing total yields.
The new 'Energy Rental' feature provides a more cost-effective alternative to obtaining Energy by staking or burning Energy. Users can rent Energy or end their rental at any time, and the new process is less complicated and less expensive.
TRON Stake 2.0 makes resource and voting management remarkably more flexible than its predecessor, Stake 1.0. JustLend DAO, the first TRON-based decentralized financial platform, now allows users to earn yields through supplied assets...
|Stablecoins Worth $600k From 2021 DAO Maker Hack Sent Via Tornado Cash
Tornado Cash has, once again, found itself as the nexus of pilfered funds from a DeFi protocol.
An Ethereum wallet address associated with the exploiter of the DAO Maker breach from 2021 sent $600,000 worth of DAI stablecoin through the controversial coin mixer.
According to the blockchain security firm, PeckShield, the wallet had been dormant for more than 200 days.
The movement was detected nearly seven months after another wallet linked with the exploiter transferred $500,000 worth of DAI using Tornado Cash.
For the uninitiated, DAO Maker, a fundraising platform for crypto projects (no relation to the more widely known MakerDAO), was exploited in August 2021, draining over $7 million.
The attacker was able to access the platform's balance by taking advantage of a bug in DAO Maker's contract affecting over 5,000 accounts holding USDC.
Hacks have continued to wreak havoc in the decentralized finance space. Malicious entities targeted these protocols as the crypto market went through another bull run in 2021.
DeFi protocols went on to become by far the biggest victims of hacks, accounting for over 82% of all digital assets stolen by hackers the following year.
Throughout 2022, DeFi protocols recorded a loss of $3.1 billion, up from 73.3% in 2021.
The latest development comes in the backdrop of an exploit on the popular centralized crypto exchange Bitrue. which reported a loss of $23 million worth of digital assets in the process.
The post Stablecoins Worth $600k From 2021 D...
|Ash Environmental DAO Announces Ash Token Sale to Champion Social Good
[PRESS RELEASE - Potomac Falls, United States, April 11th, 2023]
Ash Environmental DAO has announced the dates of its token sale. The event will run from April 17 to May 7, giving participants the chance to purchase the Ash token and become part of a global ecosystem committed to funding high-impact innovations to address real-world challenges.
The Ash Environmental DAO is a solution platform that seeks to address global challenges such as access to financing for environmentally-friendly innovations, environmental degradation, job losses, diminishing economic development, and poverty. The Ash token is a digital asset within the Ash Environmental DAO ecosystem that is registered in the United States and aims to tackle these pressing issues through active engagement and collaboration with the global community.
Born out of the need to find alternative solutions for funding high-impact initiatives, Ash is a governance token and unit of an exchange that operates as a BEP20 on BNB Smart Chain. Its creators conceived the idea as they struggled to commercialize innovations for coal ash recycling and greenhouse gas emissions capture. They faced numerous hurdles in raising capital and encountered stakeholders who dismissed their passion for environmental improvement and local, regional, national and global economic development initiatives.
The Ash team is driven by the belief that the environmental challenges faced by today's generation must inspire a collective desire to make a lastin...
|Onyx DAO and ApeSwap Celebrate Arbitrum Airdrop with ARB Liquidity Farms...
[PRESS RELEASE - Please Read Disclaimer]
This past week has been full of excitement in the DeFi space; we’ve seen a mini market rally, ApeSwap and Onyx DAO both launch on Arbitrum, and most exciting of all, Arbitrum finally announced their fabled $ARB token airdrop. Current estimations are that over $1 billion USD worth of $ARB will be airdropped in total. To make this news even more thrilling, Onyx DAO has launched two new features centered around the $ARB token.
Onyx DAO $ARB Farms & Pool
The first product is the $ARB ApeSwap Yield Farm; this allows users to convert their $ARB tokens into a liquidity pair that can be staked to earn $ONYX rewards. This way, users can earn with their $ARB tokens while making $ARB a highly liquid token for trading on the ApeSwap decentralized exchange.
The main $ARB farming pair will be $ARB - $ETH.
Additionally, Onyx DAO has created an $ARB rewards pool through which users can stake $ONYX tokens to earn $ARB. This allows users to create iterative rewards where they can stake $ARB liquidity to earn $ONYX, then stake their $ONYX to earn more $ARB. Onyx DAO is one of the few places in the entire Arbitrum ecosystem with the utility for users to directly earn $ARB!
What Else Does Onyx DAO Offer?
In addition to being able to earn $ARB, users can stake $ONYX to earn several other major cryptocurrency tokens including $ETH & $USDC! $ONYX is one of the only tokens to provide an instant, rewarding utility to users.
Onyx DAO also has over a dozen ...
|Sushi DAO to Set up Defense Legal Defense Fund; Project Receives Unspeci...
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against the organization and its members. The organization disclosed it had recently received a subpoena from the U.S. Securities and Exchange Commission (SEC).
Sushi DAO Presents Proposal to Establish Legal Defense Fund
Sushi DAO, a Web3 exchange and staking platform, is seeking support to establish a legal defense fund in order to effectively take on legal cases that are already coming its way. The proposal, which is currently being approved with the support of 75% of the vote at the time of writing, would allow the organization to make use of $3 million USDT to help its maintainers to defend from demands and legal cases.
If approved, the fund would come from Kanpai, which is part of the treasury of the DAO, in 50%. The other 50% would be deducted from the Sushi fees and from the reserve destined for giving grants. If depleted, the organization would have to refund the initiative with $1 million USDT more until the end of the legal case.
Undisclosed SEC Subpoena Received
Jared Gray, head chef and main maintainer of the Sushi DAO, announced that he had received a subpoena from the U.S. SEC, but did not disclose the nature of the case the organization is facing. When que...
|Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Gov...
The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, users of the Arbitrum platform, and DAOs that are building with the L2 technology.Arbitrum Launches Self-Executing DAO Governance Model That Aims for Increased Decentralization
Arbitrum, the L2 scaling project, has announced the launch of a self-executing DAO governance model and a new governance token called ARB on March 16, 2023. 'Today, the Arbitrum Foundation is extremely excited to announce the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of ARB,' the team tweeted on Thursday. The ARB airdrop will be distributed to eligible Arbitrum ecosystem participants, and claiming begins on March 23.
There is an initial supply of 10 billion ARB tokens, and the system's inflation rate will max at 2% per year, according to the 'airdrop eligibility and distribution specifications” page. The ARB tokens will be distributed to early users and DAOs that have utilized the Arbitrum ecosystem before block height 58,642,080 on Arbitrum One, which occurred on Feb. 6, 2023. Arbitrum also noted that it believes the project is 'leading the way as the first L2 to launch self-exe...
|Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focus...
[PRESS RELEASE - Abu Dhabi, Abu Dhabi, 13th February 2023]
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.
DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the Web3 space. With DAO Maker’s support, Venom is confident that it will enable developers to make valuable contributions to the ecosystem and accelerate the growth of its community.
Venom Foundation and DAO Maker will actively incubate new projects through the Venom Launchpad. The Venom Launchpad will give promising Web3 projects and developer teams a unique opportunity to receive resources, guidance, and exposure from some of the most prominent players in the industry. It will leverage the combined expertise of DAO Maker and Venom Foundation to support startups in a wide range of areas including strategic planning, marketing and brand building.
Peter Knez, Chair of the foundation council at Venom Foundation, commented, 'At Venom, we are dedicated to pioneering innovation in the blockchain industry. Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life. We are proud to be a part of this exciting collaboration and eagerly antic...
|DeFi Could Face Challenges Due to SEC's Crackdown on Crypto Staking: Lid...
Jacob Blish, the head of business development at Lido DAO, the decentralized autonomous organization behind the largest liquid staking protocol, believes the recent SEC crackdown on crypto staking services could cause new challenges for decentralized finance (DeFi).
According to a Bloomberg report, Blish opined that the state of crypto staking in the U.S. depends on the Securities and Exchange Commission's (SEC) final resolution.
SEC Crackdown on Staking Could Affect DeFi
Blish disclosed that service providers in the U.S. are facing new challenges due to the SEC's recent actions against crypto staking.
Recall that the SEC recently probed and sued major American crypto exchange Kraken for offering staking services to U.S. investors. In a settlement deal with the regulator, Kraken agreed to pay a civil penalty of $30 million and immediately shut down its staking platform in the U.S.
Commenting on the SEC's action, Blish opined that although the move could benefit on-chain liquid staking providers, the final resolution could bring up new challenges for DeFi.
'I have been getting a lot more questions about 'does this impact Lido, what are your thoughts on this? I personally think this is a net benefit for on-chain permissionless liquid staking or staking providers, but it really depends on what the final resolution is,' he said.
'A Different Problem'
Furthermore, the Lido DAO executive insisted that there would be a different problem if U.S. regulators decided that no ind...
|TRON DAO Establishes Artificial Intelligence Development Fund
[PRESS RELEASE - Geneva, Switzerland, 8th February 2023]
TRON DAO is encouraging the blending of artificial intelligence technology with blockchain technology, announcing last week the establishment of a $100M USD Artificial Intelligence Development Fund.
Four areas of focus have been initially identified: A.I. Service Payment Platform, A.I. Infused Oracles, A.I. Informed Investment Management Services, and A.I. Generated Content. However, innovators and developers whose imaginations arrive at further use cases should absolutely consider applying for funding and pitching their unique ideas, as well.
A.I. Service Payment Platform
TRON’s industry-leading decentralized financial infrastructure is ripe for A.I. infusion, as it will enable self-learning, on-the-go, adaptable capabilities in all aspects of decentralized commerce, including:
Smart contract creation and deployment
Payment layer protocols
A.I. payment gateways
A.I. utility will provide the opportunity for automated revenue generation and expedited digital commerce strengthened by A.I. analysis and adaptability for the developers who integrate A.I. tools into their decentralized applications.
TRON’s expeditious, efficient, and inexpensive blockchain network, along with its data-focused Layer2 blockchain, the BitTorrent Chain, are perfectly oriented for A.I. integration, as its fully decentralized file storage system (BTFS) is leveraged to achieve management of data in decen...
|FLOKI Soars 15% After DAO Proposal to Burn $55M in Floki Inu Tokens
Floki Inu developers contemplate burning nearly 5 trillion FLOKI tokens (worth almost $55 million) to reduce the tax applied on each transaction.
FLOKI's price reacted positively, surging 15% in a few hours.
The team behind the popular memecoin Floki Inu might burn its bridge tokens (4.97 trillion assets) and thus shrink the tax levied on each transaction to 0.3%. The maximum circulating supply of FLOKI will remain at 10 trillion assets even if the effort gets completed.
'We understand that the decision to burn the bridge tokens is a very significant (and permanent!) decision and the ETH chain has a higher percentage of circulating supply, so we would be happy to help large holders who want to bridge over to BSC do so manually before the burn,' the developers stated.
The proposal further displayed protection risks related to cross-chain bridges. Burning some of the tokens could reduce the chance of a potential 'catastrophic impact,' the team added:
'In Floki's case, an exploit on our main cross-chain bridge would have a catastrophic impact on the project since this bridge currently holds 55.7% of what FLOKI's total circulating supply should be. This is a lot of tokens, and that's more than enough to drain the project's liquidity pools and essentially destroy the project if exploited.
The overwhelming majority of the voters have declared their support of the initiative.
The native token of the project - FLOKI - spiked by almost 15% shortly after the plan was aired. C...
|SSV Network DAO Launches $50 Million Ecosystem Fund
Open source and decentralized protocol ssv.network DAO has launched a $50 million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology ('DVT') based applications.
According to a press release shared with CryptoPotato, the project secured the funds from various industry investors, including DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One SevenX, and 1kx.
ssv.network noted that the fund is the first to be dedicated solely to DVT use cases, adding that its primary purpose is to 'solidify DVT as critical Ethereum infrastructure.'
What is DVT?
DVT is one of the key developments in Ethereum's roadmap. DVT is an infrastructure primitive that enables validators' key sharing between non-trusting parties on the Ethereum network. The technology relies on a network of nodes that operate under consensus to help generate ETH rewards for stakers.
For larger validators, DVT provides high availability and reduces infrastructure costs while it ensures a comparable level of protection that a larger validator would have for smaller validators.
Commenting on the development, Alon Muroch, Core Contributor at ssv.network, said:
'DVT's aim is to distribute Ethereum's security by offering quick and easy access to an open-source, public good which will completely change the way staking is operated today.'
Muroch added that over 20 companies are already building on top of ssv.network's DVT protocol, and that number is expected to increase with the laun...
|Lido DAO (LDO) Token Outperforms Market With 62% Weekly Gains
The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours. But as most of the assets falter, some tokens record exponential gains. LDO, the governance token of the Lido DAO network, has increased in value in the past week. The token is up by 62.83% in weekly gains and currently trading at $1.99, a 1.31% increase in 24 hours.
The Lido DAO project is a staking platform where users can stake their ETH tokens. The platform also offers DeFi lending services and requires no minimum deposits. With different financial services and the flexibility of its platform, this upsurge shows increased adoption by users for a variety of purposes.
Despite the uncertain times in the crypto space Lido DAO (LDO) has continued to perform well since the turn of the year. Some factors are behind this recent resurgence and will influence how long the bullish momentum will last.
Why Is Lido DAO (LIDO) On The Rise? Some parameters are responsible for the price surge in Lido DAO. A Twitter user states that the Lido finance native token has soared nearly 60% in the last week. The user attributed this to Ethereum's upcoming Shanghai fork. This update will enable users to withdraw their staked ETH tokens.
Secondly, BitForex announced the listing of LDO on the exchange. This listing has increased the project's scope and is partly responsible for the price increase noted in the token.
|Lido DAO Surges By More Than 57% in Just A Week – More Gains Up Ah...
Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion.
This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts.
At press time, according to data from Coingecko, LDO is changing hands at $1.51, increasing its value by 13% during the last 24 hours.
Over the previous seven days, the digital token went up by 56.5% while also posting a bi-weekly gain of 60% and monthly increase of 50%.
Already in the middle of an impressive showing, some analysts believe that Lido DAO still has room for improvement, thanks to a new upcoming ETH upgrade.
Lido Expected To Benefit From ETH Shanghai Upgrade
According to a recently released analysis, Lido Finance, at the time of this writing, is responsible for nearly 30% of all staked ETH tokens, making it the largest liquid staking platform for Ethereum right now.
It has been noted that the demand for the platform increased dramatically after Ethereum switched from proof-of-work to proof-of-stake mechanism back in 2022.
Moreover, the analysis stated that the blockchain’s upcoming Shanghai fork will enable users to withdraw their staked ETH tokens which, in turn, is expected to encourage more people to stake through Lido Finance. This will then increase the demand for the project’s native token.
Some experts beli...
|Weekend Watch: Lido DAO Soars to 2-Month High, BTC Touched $17K
After failing to challenge $17,000 for several straight days, bitcoin finally touched that level, marking a multi-week high.
The altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO.
Bitcoin Touches $17K
The end of 2022 was quite calm for the primary cryptocurrency, and the first day of the new year didn't bring any more excitement either, as it remained at around $16,500. The situation started to change on Monday with a minor push from the bulls to $16,700.
BTC tried to come closer to $17,000 in the next few days but ultimately failed to tap that line. The latest rejection from yesterday even pushed the asset south by a few hundred dollars.
However, bitcoin indeed touched $17,000 a few hours ago, doing so for the first time since December 20. It has lost some ground as of now and stands just under it, but it's still around 1% up on the day.
Its market capitalization has increased to north of $325 billion, but its dominance over the alts is back down to 39.6%.
BTCUSD. Source: TradingView
LDO, ETC on the Run
CryptoPotato reported earlier this week when Lido DAO became a leader in terms of Total Value Locked, surpassing MakerDAO. Although the latter reclaimed its first position, the former's native cryptocurrency has continued to rise higher.
The latest push came earlier today, as LDO skyrocketed by double digits and reached $1.5. This became its highest price tag in about two months.
Ethereum Classic is another notable performer on a...
|TRON DAO Joins The Enterprise Ethereum Alliance
[PRESS RELEASE - Geneva, Switzerland, 27th December 2022]
TRON DAO, a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps, today announced that it has joined the Enterprise Ethereum Alliance (EEA). As an EEA member, TRON DAO will collaborate with EEA and its members, the leading business adopters, innovators and leaders within the Ethereum ecosystem, to accelerate the pace of Ethereum business advancements and adoption.
TRON DAO is accelerating the progression of Web3 adoption across a global scale by creating novel and useful solutions for builders and consumers. “TRON and Ethereum have grown and matured together over the years,” says TRON blockchain Founder, H.E. Justin Sun. “We want this affiliation to be a step forward for the industry to showcase that progress comes in many forms. Blockchain has the potential to change the world in manners we cannot fathom and we need to coordinate together to make it happen. I am optimistic that partnerships like this are one of the healthiest moves we can collectively do.”
The EEA’s membership base represents companies from every region of the world. The EEA’s Interest Groups, Working Groups, and events bring together the top Ethereum and global business leaders, technologists, and industry experts to learn about the latest business reference implementations, real-world use cases, and technical innovations. The EEA’s educatio...
|TRON DAO Ventures to Empower Elite Blockchain Startups
[PRESS RELEASE - Geneva, Switzerland, 20th December 2022]
TRON DAO Ventures (TDV) exists to discover elite startups, invest profoundly, optimize strategically, then exit at an empowering moment.
The TRON DAO Ecosystem Fund intends to define decentralization, and TRON DAO recently announced the launch of TDV as part of that effort. TRON DAO has been actively seeking new development teams and startups interested in creating decentralized applications on the TRON blockchain. Existing projects built on other Layer 1 blockchains that have thriving communities and established MVPs are also desired. TDV was launched to support the best of both – the elite teams #BUIDLING in the TRON ecosystem AS WELL AS the proven projects able and willing to bridge synergistically into the TRON ecosystem. TRON DAO leaders believe in a decentralized, multi-chain future with seamless interoperability. For projects built on other Layer 1 blockchains, the chance to coordinate strategically for cross-chain functionality is ideal and will spur industry innovation toward mass adoption and recognition.
The purpose of TDV is to invest in promising blockchain-based startups, guide and collaborate with them, optimize their efforts, and then exit when the project team has been empowered for their next stage of growth. TRON demonstrated its commitment to decentralization in December 2021 when it transitioned to become one of the largest community-governed DAOs. Now, they hope to empower entrepreneurial en...
|NFT Sale Starts on December 17th! NFT Sale Details of Entertainment DAO ...
PRESS RELEASE Financie Inc. pleased to announce that the 'SUPER SAPIENSS NFT' sales conducted by 'SUPER SAPIENSS', an entertainment DAO project active on FiNANCiE.
About SUPER SAPIENSS
'SUPER SAPIENSS' is an unprecedented entertainment project that brings together three directors (Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato) who have led the Japanese entertainment and film industry, and producer Takeshi Moriya as board members to create the original story and visualize it.
The project is taking on the challenge of an entertainment DAO utilizing FiNANCiE's 'token issuance' and token-based 'co-creation community' in order to usher in a new era of entertainment in Japan.
The company has conducted two rounds of token-issuing type funding, and has collected a cumulative total of over 50 million yen in support and approximately 3,000 members in the community.
The supporters who hold the tokens do not simply observe the production process of the contents, but are closely involved in the project through various processes conducted by the community, and we are developing our activities with the important element of 'sharing the same excitement and joy' with the three initiators.
About SUPER SAPIENSS NFT
The creative for SUPER SAPIENSS NFT, which started on September 26, 2022, is based on director Tsutsumi's original character proposal, with original art developed by manga artist Chobi, who also wor...
|SUPER SAPIENSS First Japanese Entertainment DAO Project 'Movie X Charact...
PRESS RELEASE. It is with much pleasure that Finance Inc announces the launch of its SUPER SAPIENSS NFT website, run by the entertainment DAO project, which is active on FiNANCiE.
About SUPER SAPIENSS
This project is being spearheaded by the noted and prominent Japanese movie directors Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato; along with the producer Takeshi Moriya; who have led the Japanese entertainment and movie industries for years.
In this type of entertainment project, the creation process, from the initial script to the completed webtoon or film, is disclosed to the public; therefore, the fans can be consistently involved in the production of each film.
With the help of FiNANCiE's 'token issuance' and 'co-creation community', the project is intended to establish and build an entertainment DAO, using the tokens to bring a revolutionary era of entertainment to the world. As of now, the project has already completed two funding rounds through the issuance of tokens. Over the course of these two funding rounds, the total cumulative sales are over 50 million JPY, and there are approximately 3,000 members of the community supporting the project. In addition, the project will use the sales revenue to create a webtoon that will be released during the winter of 2022.
By holding tokens, supporters will be actively involved in the project through events and milestones in the community rather than overseeing content production. Also, the project emphasizes the valu...
|Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO
On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens.
Hacker Exploits Smart Contract's 'BondFixedExpiryTeller' Parameter, $292,000 in OHM Tokens Stolen
After rising to colossal values at the end of 2021, the rebase token economy has collapsed in value, after a myriad of controversies and issues. In mid-January 2022, the top rebase tokens by market capitalization had a market valuation of around $4.99 billion and today, the rebase token economy is down 89.49% to $524 million.
On October 21, the top rebase token project by market valuation, Olympus, suffered from a hack that saw roughly $292K in OHM tokens stolen. On Friday, blockchain security firm Peckshield detailed that the hacker found a loophole via the project’s smart contract “BondFixedExpiryTeller' parameter.
“It seems the related Olympus DAO's BondFixedExpiryTeller contract has a redeem() function that does not properly validate the input, resulting in [a] ~$292K loss,” Peckshield detailed on Friday. The Web3 and blockchain security auditor Supremacy Inc. confirmed that the attacker leveraged an “arbitrary external call vulnerability” to siphon the 30,437 OHM tokens from the DAO.
The developers behind the Olympus rebase token proje...
|Eunoia – a Knowledge Community DAO Platform for Professionals
PRESS RELEASE. DemandCircle is delighted to announce the official launch of Eunoia, Web 3.0’s very own decentralized business knowledge platform. With the goal of bringing industry professionals together in expertise-centric communities, Eunoia incentivises meaningful participation with rewards in the platform’s native token. Eunoia's end goal is to become a DAO (decentralized autonomous organization) whereby the community members can guide the evolution of the platform towards a native web3.0 knowledge sharing community for business professionals.
Web 3.0 and the Eunoia’s Vision
Inclusion, open participation, and permissionless development form the foundations of decentralized applications and Eunoia is a step towards bringing those values to the business knowledge domain.
Sharing information is an essential part of the human experience, and technology has facilitated our ability to rapidly increase the rate at which we can discuss and implement ideas. However, encouraging consistent, thought-provoking discourse remains a challenge.
Existing centralized platforms can be unfocused, and the user experience comes second to the company’s profit. With Web 3.0’s promise of self-governance and users owning their own data, this engagement and development can now be incentivized with tokenomics. If one can immediately be rewarded for sharing knowledge that the community wants to acquire, the rate of knowledge sharing stands to increase significantly, cre...
|Maker DAO Trends Higher As 50 EMA Holds As Support, Can The Price Breach...
MKR's price shows strength as the price breaks out of a downtrend with good volume with eyes set on $1,200.
MKR bounced from a low of $600 as the price rallied to a high of $1,000, preparing for a rally as the price eyes $1,200 key resistance. The price of MKR continues to trade above 50 Exponential Moving Average (EMA) on the daily timeframe.
The price actions shown by Bitcoin (BTC) have affected most altcoins negatively as some have lost their key support, but Maker Dao (MKR) continues to show immersed strength as price breaks out of a long downtrend movement. The Consumer Price Index (CPI) news released recently had a great deal of effect on the crypto market as the price of BTC declined to a low of $18,200 before a bounce to $19,300, with many altcoins like Trust Wallet Token showing bullish strength regardless.
|Lido DAO Shows Strength To Breakout; Will The Downtrend Line Be Invalida...
LDO price shows strength for the first time after post-merge. LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line.
The price of LDO shows bullish signs as price trades below 50 and 200 Exponential Moving Averages (EMA) with good volume.
The price of Lido DAO (LDO) has been one of the best performances before the 'Ethereum Merge,' outperforming the market as the price rallied to an all-time high of $3 against tether (USDT). Although the crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like Lido DAO showed some strength as the aim to begin a rally. (Data from Binance)
Lido DAO (LDO) Price Analysis On The Weekly Chart
Although the crypto market experienced a sharp decline due to the CPI news, the market appeared to be manipulated as Bitcoin's (BTC) price dropped from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with LDO looking to breakout of its downtrend that has made the price become crippled to rally.
With the current rise in the value of Bitcoin Dominance (BTC.D) after a long while, it is still unclear how the current price bounce after the price decline will be sustained. With BTC.D rising, most altcoins will suffer an inc...
|Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million ...
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today's $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) have increased by 7.69% in value since January, as roughly $700 million was added to the projects' caches in eight months.DAO Treasuries Jump 7.6% Higher in USD Value, Since 2016 the Value Held by Decentralized Autonomous Organizations Grew by 6,025%
On June 10, 2022, the total amount of funds held by decentralized autonomous organization (DAO) treasuries reached the $10 billion range for the first time in history. While the crypto industry is dealing with lower prices and bearish sentiment, the value held by DAO treasuries has managed to weather the storm.
Presently, across 4,830 organizations, DAOs hold $9.8 billion, which is only $200 million less than the aggregate value held by DAOs 112 days ago. While it is $200 million less than it was three months ago, DAO treasury values have increased by $700 million since January, according to stats aggregated by deepdao.io.
On January 22, deepdao.io metrics recorded by archive.org indicate there were 4,227 organizations at that time, and collectively, $9.1 billion was held in DAO treasuries. With $9.8 billion today, that's a 7.69% increase in USD value held by DAO treas...
|Web3 and How It Helps the Environment – Dave Uhryniak of TRON DAO ...
TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects.
Dave Uhryniak is the Director of Ecosystem Development at TRON DAO. He recently joined the Bitcoin.com News Podcast to talk about the technology:
Dave joined the TRON DAO in January 2022 and has become a highly visible part of the team that drives global expansion as they identify key opportunities across the blockchain industry and ensure the TRON ecosystem is positioned to thrive.
Involved in blockchain since 2016, Dave has provided strategic guidance for global payment companies and insurance companies, among others. He has led the successful development of multiple use cases in financial services, healthcare, and supply chain. He continually finds unique and creative ways to apply emerging technologies to enable corporations to achieve their strategic goals.
Dave began his career as an equity research analyst at a leading U.S. mutual fund company, where he conducted thorough bottom-up analysis of global and regional financial service companies. Dave has often been quoted in leading media outlets, including the Wall Street Journal, Forbes, Bloomberg, and other publications.
Dave is a Certified Blockchain Solution Architect, holds an MBA from Carnegie Mellon University Tepper School, and a BA from Westminster College (PA).
|Maker DAO Shows Bullish Sentiment After A While, Eyes $800?
MKR trades below 50 and 200 EMA on the daily timeframe.
Price breaks out of a falling wedge with eyes set on key resistance of $800. The price looks strong on low and high timeframes. Maker DAO (MKR) price has had a rough time recently as price beaks out of falling wedge on the daily timeframe against tether (USDT). Despite being a major player in the crypto industry, the price of Maker DAO (MKR) has struggled to replicate its run to a high of $8,000. (Data from Binance)
Maker DAO (MKR) Price Analysis On The Weekly Chart
The price of MKR has had a fantastic run, with such movement from a low of $750 to a high of $8,000 in a matter of weeks, creating a sense of surrealism in the hearts of traders and major crypto players.
Despite such a run, the bear market has had an impact on MKR's price, which has fallen from $8,000 to $600, a drop of more than 70% from its all-time high.
The price of MKR rallied from its weekly low of $600 to a high of $1,100 before failing to break above that region to higher heights and falling to a low of $650.
MKR's price must break and close above $1,100 in order to have a better chance of trading higher. The price of MKR has formed a downtrend line, which is acting as resistance; flipping the area of $1,100, which is acting as weekly resistance, into support will signal a more relief bounce for the price of MKR.
If the price of MKR fails to break through this key resistance region, the price of MKR may retest the $600 support and demand ...
|CFTC Lawsuit Against Ooki DAO, $250,000 Settlement with bZx Creates New ...
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action lawsuit against Ooki DAO, a crypto margin trading and lending platform for engaging in digital asset margin trading that only CFTC-registered Futures Commission Merchants (FCM) can perform.
Ooki DAO also failed to adhere to customer identification requirements prescribed under the Bank Secrecy Act, the commission further alleged in its lawsuit filed in the U.S. District Court for the Northern District of California.
CFTC Files Charges Against Ooki DAO
“The CFTC seeks restitution, disgorgement, civil monetary penalties, trading and registration bans, and injunctions against further violations of the CEA and CFTC regulations, as charged,” the Commission said in a statement on Thursday.
The CFTC leveled the same charges against Ooki DAO's predecessor – bZeroX, and disclosed that hadhas struck a $250,000 settlement with bZeroX and its founders, Tom Bean and Kyle Kistner.
The agency accused Ooki of using its structure to circumvent regulatory oversight.
'A key bZeroX objective in transferring control of the bZx Protocol (now the Ooki Protocol) to the bZx DAO (now the Ooki DAO) was to attempt to render the bZx DAO, by its decentralized nature, enforcement-proof. Put simply, the bZx founders believed they had identified a way to violate the Act and Regulations, as well as other laws, without consequence.'
Aiming to Protect Customers
|Wafini, A Cardano DAO Powered NFT Marketplace Closes $200,000 Private Ro...
Wafini governance token $WFI will power the Wafini ecosystem, enabling holders to be integral in the development and growth of Wafini.
Wafini just announced that they have closed a $200,000 pre-seed round in July.
Muhammad Ahmad, project manager of Wafini commented on the development outlining that the raised funds will be used to expand the team, extend partnerships and further the development plans of the Wafini NFT Marketplace.
Wafini plans to hold a public seed round of it’s utility token $WFI, with 15 million out of 100 million tokens up for grabs for early adopters at 0.02 ADA a piece.
Early birds can whitelist for the seed round here.
What Is Wafini? Wafini is a DAO powered NFT Marketplace where users can trade Non-Fungible Tokens & NFT collectibles, users also will be able to mint, list, sell and swap their Non fungible tokens in a simple and easy to use interactive interface.
The Wafini NFT Marketplace which will be powered by smart contracts on the Cardano Blockchain, is poised to become the first truly DAO owned NFT Marketplace on Cardano.
Wafini is designed to be community sustainable without external control or influences.
The Wafini DAO Ecosystem will give the community of $WFI token holders an opportunity to unlock the full potential of the NFT marketplace as it will be the first NFT Marketplace on Cardano to give $WFI Token holders a reflections of trade commissions on the Marketplace.
This will promote an enabling fair and decentralized ownership and go...