[TL, DR]
The term DAO (Decentralized autonomous organization) has been associated with DeFi, but gradually, it has been incorporated into almost every form of blockchain. The projects range from the NFT marketplace to presales, gamification among others. The true function of these smart contracts(DAO) is to create a truly decentralized ecosystem where the structure and governance are decided by every participating member of a blockchain network.
In 2022 alone, over 20 DAO projects have been listed on Coingecko and Coinmarketcap collectively. in this article, We will examine the claims and the features of some of the projects. Keep reading…
Keywords: January 2022, DAO, DAO Newcomers, ClearDAO, SlanDAO, governance, community, OxDAO, NFT, Decentralized autonomous organization.
ClearDAO (CLH)
ClearDAO is building a multi-chain ecosystem that is tackling the DeFi derivatives through customizable derivatives solutions. This ecosystem creates avenues for traders and developers to offer unique derivative products such as options, notes, swaps, features, with effective risk control features. The unique features of ClearDAO include its highly adaptive SDK (that allows developers to custom products), its community-driven market, and its risk management library.
Token symbol: CLH
Although the project genesis commenced in 2021, the project began to deploy its community DAO governance in 2022. CLH/USDT started trading on Gate.oi January 7 at 0.333 USDT.
SolanDAO
SolanDAO is a community-first DAO project on the Solana Network. It is an investment DAO project seeking to build a credible web3 infrastructure, and secure on-chain and off-chain investments for community treasury gains. They intend to reward holders and also provide developers on the Solana ecosystem with grants. Although the project is not affiliated with Solana Foundation or Solana Labs, the rewards and perks of the DAO are associated with the Solana ecosystem.
To this end, SolanDAO has launched an airdrop to begin the token distribution process of the $SDO based on NFT holdings and transact before Dec 29, 2021. These tokens are to be claimed before the 31 of January 2022.
Of the 69.42 billion supply, the $SDO token is distributed as follows: 50% Airdrop to top SOL NFT holders,25% TheSolanDAO,5% AMM, and Liquidity Management, 10% Core Contributors & Team, 10% SOL Community Grants. The 25% of the $SDO token allocated to TheSolanDAO is used to compensate verified victims of scams, Support new NFT artists and communities, as well as grant support for developers.
The coin was listed on Coingecko on the 11th of January, and it is currently trading at $0.0000933 at the time of this writing.
0xDAO
The OxDAO was created to eliminate the emergence of short-leaved veDAOs that are positioned to steal liquidity from Fantom developers. It intends to do this by deploying a community-centered alternative, as well as verified developers and doable long-term goals.
The project was launched by the founders of the most successful projects on Fantom, which will capture long-term value for the entire Fantom ecosystem.
The OXD token launched with a total supply of 2billion at an emission rate of 1000 OXD/ second on 21 January 2021. Through the OXD token, the community members are allowed to participate in on-chain voting.
NFTDAO
The NFT-fi launchpad helps creators to deploy their NFT collections on the blockchain without coding knowledge on various blockchain networks, starting with BSC, POLY & ETH. The project aims at creating opportunities for creators and artists to bypass IDO, IPO through simple collections deployment. These collections can be created and managed through their NFT collection automation, Marketing & Community Management Services.
Creators can therefore market their collections by utilizing the platforms’, step-by-step marketing to-do-list and community advisory support.
NAFFITI also provides Marketing and Community Management Advisory
Support.
PresaleDAO
The PreSaleDAO Fund Invests Only In PreSale-Stage Projects. It is a sub-fund of the APE Fund. The "Fund Wallet" will be used to invest in presale projects selected by the Ape Fund community (as a DAO). Holders of the APFUND Token Get 8% of all transactions on the token. APFUND Token value will increase when the community decides to book profits through buybacks of $AF-PresaleDAO and burning the tokens. Existing holders of the $APEFUND will be entitled to a FREE airdrop of the $AF-PresaleDAO tokens. A total of 25% of the allocation has been reserved for holders with more than 50,000 $APEFUND tokens.
ParagondAO
Is a community of investors, gamers, collectors, and crypto degens who collectively share an interest in blockchain-based gaming. The project was inspired by Parallel, a play-to-earn sci-fi trading card game that uses NFTs as either a reward generation asset or playable cards. Interestingly, the team is backed by more than 90 finds, angel investors, and DAOs. and we’re not exaggerating. More than 90 funds, DAOs, and angel investors have raised over $25 million to provide the necessary capital and resources to build the foundation of our value so we can make a significant difference for Parallel and other future ecosystems. These investors include:
Author: Gate.io Observer: M. Olatunji
Disclaimer:
* This article represents only the views of the observers and does not constitute any investment suggestions.
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