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DeFi DAO (DDAO)

ICO
Ongoing
Sep 08, 2020 – Oct 08, 2020

DeFi DAO enables customers equal access to a practical and simple DeFi market where everyone can enjoy safe diversified financial services without borders. DeFi DAO developed the parachain DAO Chain based on Polkadot and issued the governance token DeFi DAO Token, referred to as DDAO.

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Overview

Project industryBlockchain Infrastructure
Product typeApp
FoundedUnited States

What is DeFi DAO

A DAO is a decentralized autonomous organization. Once launched as a smart contract on the Polkadot blockchain, a DAO operates according to its programming. These organizations run without a central operating authority, all the rules of the organization are enforced by its code running on the blockchain.

Furthermore, DAOs often manage their own treasury and issue their own tokens. These tokens represent membership, voting rights, and/or ownership of the DAO. In the Ethereum ecosystem, DAOs fill similar roles to traditional organizations you are familiar with like corporations, cooperatives, non-profits, etc.

DeFi DAO, initiated by DDAO Labs,aims to build up an open financial network based on Blockchain technology.

  • There is no central leadership, decisions are made in a bottom-up way.
  • The idea takes on a life of its own, and it’s able to incentivize others to make itself happen.
  • It can have its own rules, such as how to manage its own funds.
  • Goal

    As a DeFi Dapp hub, DeFi DAO is committed to enabling customers to conduct seamless, instant, and secure financial services anywhere in the world, creating a global-scale, multilateral participation, and open finance portal.

    Details

    Pre-sales: Sep 06, 2020 - Sep 06, 2020
    Public sales: Sep 08, 2020 - Oct 08, 2020
    Pre-sale token supply: 400,000,000 DDAO
    Token supply: 10,000,000,000 DDAO
    Total tokens for sale: 1,919,000,000 DDAO
    Soft cap: 1,515,000,000 DDAO
    Hard cap: 10,000,000,000 DDAO
    Raised: 19 ETH

    Legal

    Blockchain Platform: Polkadot
    Registration country: United States
    Registration year: 2019

    Token info

    Ticker: DDAO
    Token price in USD: 1 DDAO = 0.002 USDT
    Accepted currencies: USDT, ETH, DOT
    Token distribution:
    19.19% - investors who have been distributed to DDAO Labs
    15.63% - founders and team members in 2 years
    4.13% - future team members
    61.05% - users of the agreement

    DeFi DAO Roadmap

    1
    2020 Q3

    DDAO token function development based on ERC20, realizing functions such as transaction, currency generation, and currency sales (already implemented)

    2
    2020 Q4

    DeFi DAO product development to achieve basic features (in progress)

    3
    2021 Q1

    Complete development of 70% of the product's features, conduct the first internal test, launch the DeFi interface, and encourage developers to test the protocol

    4
    2021 Q2

    Complete the main DeFi application; simultaneously develop the DDAO DeFi protocol (stable currency asset agreement: DDAO Bank, launch the staking function and launch DE-USD, asset liquidity agreement: DDAO Swap, asset loan agreement: DDAO Lend, synthetic asset agreement: DDAO Synthetix)

    5
    2021 Q3

    DeFi DAO realizes 100% of the product's functions and launches the global public beta. The DeFi DAO Chain mainnet launches, and users can switch to mainnet tokens

    Project team

    Brenden Keller
    Brenden Keller
    Founder

    Social media

    DeFi DAO web-siteDeFi DAO MediumDeFi DAOYouTubeDeFi DAO TelegramDeFi DAO TwitterDeFi DAO Discord

    User rating:

    5/5 ( 1 )
    1

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