26 January, 2022
welcome to the new and innovative idea of DAO
We are all fed of projects rugging pools and Devs who decide how to use investors money, that's why we want to change the DAO world with our innovative idea.DeganDao is gonna be the first ever community driven DAO.
What's the problem with a normal DAO? What doesn't work in Wonderland or Ohm? The fact that the token is farmed and dumped constantly and if the selling pressure is higher than the buying one the token will inevitably dump.
Is there a solution? Can really a token only grow his value? Yes, it can. And we found out how.
Our token will start with a liquidity that will be half of the presale funds, where do the other BNBs go? They will become our DAO tresury for pools.
The community will select, every 15 days with a poll, between many options of high APY protocols crosschain, where the funds to be staken, and the profits coming from the staking will be divided into: buy and burn $DD, grow DAO's tresury and rewards for staking our $DD token, creating value in 3 different ways to our token.
The more tokens you have, more value you'll get, more decision power and more rewards you can select between main token and the farmed token. We have also studied a way to make top holders the most important decision makers in the poll.
Why you should invest in $DD?
First of all if you have a small margin to invest usually it makes nearly no difference in a DAO even if the APY is crazy, but with our project everybody in our DAO will benefit by holding and getting value from the staking of a much bigger amount of money than you would invest alone.
Secondary there will be also pools with $DD where you'll get profits in different coins or $DD, decided by the community every time
-How does it work?
Firstly the 49% of the presale liquidity will be divided in 5% for marketing and 44% as tresury, this will be the starting cap for the first opening high APY pool. After launch, from each transaction 5% will be added to the tresury. At the beginning of the first 15 days period all the community will have to vote between 5 staking options with different APY and different risk, there will be given every info about the tokens involved in the pool so the community can discuss in the right way and with all the knoledge needed, after 24h the pool will be picked. Then the staking period will start and rewards will be collected daily, with daily buy and burn of $DD tokens.
-How will staking work?
You'll be able to stake your $DD tokens in our pools with different period of unlock and you'll be able to get a percentage of the daily rewards based on how many tokens will be staked. You'll be able to select rewards in our $DD token or in the token produced by the pool itself. There will be also a tax on every anticipated unlock of 10% and the tokens will be burned directly.
-How many kinds of burn will there be?
There are 3 different token burns, the regular burn done with the rewards of the high APY pools, the burn of 10% from the early unstake and the most important one, a systematic burn of the supply which will have the objective to eualize the $DD tokens produced from our staking
Do all these things solve our 'always dumping DAO' problem? In fact yes, because think about holding till all the free supply is burned, what happens? The rewards will every day keep adding into the liquidity value for the token because the trusury will always grow from the initial cap, with the addition of the 20% from every reward, never losing money becasue it is obviously a stable coin tresury.
If you are still not fully convinced, join our telegram, join our AMAs and come ask us everything you feel uncertain for.
If you read until now you surely understand what an innovative and incredible project this is and how helpfull it will be for those Degens in the BSC space that can't afford a passive income alone. A
ll together Degens are strong 🐵.
See you soon, from Degens to Degens