Buy Cult DAO (CULT)
What is Cult DAO?
Cult DAO is a decentralised autonomous organisation (DAO) focused on nurturing projects in arts, culture, and the metaverse. It acts as a decentralised venture capital platform, empowering and funding projects that aim to contribute to the decentralised future.
How does Cult DAO work?
Cult DAO operates by using a transaction tax mechanism where each CULT token transaction incurs a 0.4% tax. This tax contributes to the DAO treasury, which is utilised to invest in decentralised technologies and projects. The platform involves community participation where the top 50 CULT stakers, known as Guardians, can propose projects for funding. These proposals are voted on by the rest of the CULT stakers, and approved projects receive investment from the treasury.
What are the potential use cases for Cult DAO?
- Decentralised Venture Capital: Funding technology and projects that promote decentralisation.
- Arts and Culture: Providing support to projects that belong to the creative sectors.
- Metaverse Development: Investing in and nurturing projects within the metaverse.
- Crypto Loans: Allowing CULT tokens to be used as collateral for loans, providing liquidity without asset sale.
What is the history of Cult DAO?
Cult DAO began with a mission to challenge centralisation, initiated by a mysterious figure known as Mr. O'Modulus. The project emphasises a decentralised governance model where the founder renounced control to empower the collective community of guardians and stakers. Acknowledged for its innovative approach, Cult DAO has undergone significant milestones, including being audited by Solid Proof to ensure its integrity and decentralisation.
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Frequently Asked Questions (FAQs)
What is the current price of Cult DAO (CULT)?
The Cult DAO price is $0.000003406056 AUD, representing a -7.85% from the day prior.
Where is the best place to buy Cult DAO (CULT) in Australia?
The best place to buy Cult DAO (CULT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Cult DAO (CULT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Cult DAO (CULT)?
The trading volume of Cult DAO (CULT) is $62.7K AUD in the last 24hrs, representing a -7.85% from the day prior.
How can I buy Cult DAO (CULT)?
Cult DAO (CULT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Cult DAO (CULT)?
The current market cap of Cult DAO (CULT) is $13.7M AUD.
Can I convert Cult DAO (CULT) to cash?
Yes - With Coinstash you can convert your Cult DAO (CULT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Cult DAO (CULT) are there?
The current circulating supply of Cult DAO (CULT) is 4.1T.
Is Coinstash a safe place to buy Cult DAO (CULT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Cult DAO (CULT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.