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.
