Crypto Like

Crypto Like

1607088065

What is Badger DAO (BADGER) | What is Badger DAO token | What is BADGER token

For many of us it’s been a long 2.5 year bear market, especially for those new to the space. Those focused on building during this time are starting to see the fruits (no pun intended) of their labour. Many of the things that we all believed would take center stage are now what everyone is excited about and DeFi is at the top of that list.

The total value locked in DeFi protocols has increased from approximately $650M on January 1st 2020 to $8.5B today. Projects like Uniswap are now dominant players frequently eclipsing large centralized exchanges in daily volume. Aggregators like YFI have exploded onto the scene and other leading lending/borrowing protocols like CompoundSynthetix and Aave have built 2 year+ battle tested protocols managing billions of dollars. It’s safe to say DeFi is here to stay.

Image for post

Source www.defipulse.com

That doesn’t come without the “get rich quick” attempts popping up as well. New food coins with anonymous founders like pasta, noodle, hotdog, kimchi etc, are launching unaudited forked codes from popular DeFi protocols and garnering hundreds of millions of dollars in the span of hours. These projects for the most part have no intrinsic value or purpose and will inevitably fade into irrelevance.

There always is some good to come with the bad. Projects like Yearn.finance have sparked a shift from VC or investor-backed projects with centralized control to a “fair token launch” with the community owning control of the project from the onset.

Another major progression in the last year has been the demand for Bitcoin to be used as collateral on other blockchains, especially Ethereum.

Bitcoin is the soundest money ever invented. Many would argue the best collateral the world has seen. Today there are limited ways to use your BTC for decentralized finance, especially on the Bitcoin network. This is why an increasing amount of Bitcoin holders are wrapping their BTC on Ethereum to use finance protocols for earning interest, borrowing against their position etc.

The problem is the infrastructure, products and protocols for enabling BTC on other blockchains are very immature. Most BTC bridges have centralized parties we must trust to custody and mint the equivalent BTC on ETH. There are only a couple large liquidity pools for trading synthetic BTC. Although many of the lending/borrowing protocols have enabled these wrapped assets as collateral, there are only a few of these trusted protocols in the market right now.

With the maturity of smart contract infrastructure, the rise of DeFi, demand for fair launches, the potential of BTC in DeFi and the desire of community ownership of products, we decided to create the Badger DAO.

Image for post

What is the Badger DAO

Badger is a decentralized autonomous organization (DAO) with a single purpose: build the products and infrastructure necessary to accelerate Bitcoin as collateral across other blockchains.

It’s meant to be an ecosystem DAO where projects and people from across DeFi can come together to collaborate and build the products our space needs. Shared ownership in the DAO will allow builders to have aligned incentives while decentralized governance can ensure those incentives remain fair to all parties. The idea is less competing and more collaborating.

That’s why it’s important that it starts as a community-led initiative from day one. Any decisions are made through a governed vote including what, how, and when Badger DAO products are created. Equally important is ensuring there is a fair distribution of $BADGER to give all participants the opportunity to get involved and benefit.

This forms the pillars of what ensures Badger always remains community first, fair and transparent.

  1. Badger Builders
  2. Community created products
  3. Dedicated Badger operations team
  4. Fairly initial distribution of $Badger Tokens for governance
  5. All code open-sourced

Badger community members can propose new product ideas to the DAO, pitch the proposal to the greater community over video and finally take the proposal if it passes these stages to an official vote for approval. Once approved the Badger DAO ops team will collaborate with them to build it, fund it and market it. Of course the intention is that it’s not a singular community member proposing these but instead many contributors coming together to create the best products we can.

Badger builders are open and willing to collaborate with anyone wanting to build with together. It would be amazing to see leading developers and DeFi protocols participate in this program.

This structure is meant to give everyone an opportunity to build what’s needed regardless if they are an individual developer, blockchain company, dev shop or just a person with an idea. Anything launched by the Badger community should be inherently fair, transparent and rewarding all those involved in bringing the product to life. This includes shared fees, token rewards etc.

We believe that together the community can build the products that our industry needs more effectively, compared to single centralized entities building fragmented solutions.

How is Badger Token Going to Launch?

*DISCLAIMER: BADGER IS STRICTLY A TOKEN TO GOVERN THE DAO AND ITS ACTIVITIES. IT HAS NO MONETARY VALUE. *

Badger will follow in YFI’s footsteps with a fair liquidity mining launch. We are attempting to innovate how fair launches are actually conducted.

  • Zero individual or centralized control of smart contracts upon launch.
  • Fixed supply with mint function being burned at launch.
  • All smart contracts and systems audited pre-launch.
  • No surprise launch date and list of assets for staking. The entire community will know weeks in advance all these details.
  • No investors or capital raised.
  • Team is publicly known and involved in ongoing operations.
  • Time-locked founder rewards + whitelist functionality to enable performance based unlocking of rewards voted by the community.
  • No seeding of liquidity on exchanges by Badger.
  • Leaving control and decisions to the community of how to best distribute and utilize a significant portion of token supply.

Unlike the trend of products launching without audits and anonymous founders, the founding team has ensured a 3rd party firm (Zokyo)has audited any and all contracts for Badger and Digg before launch. We as founders are also not hiding and are going to be very public about our involvement. We aren’t here to launch and leave but instead intend to lead the operations team and stick around for the long haul.

Shortly we will release the audit report well before launch and over the next week we will share all the details of the stakeable assets.

Founder Rewards

We believe incentivization is critical for teams to ensure they’re committed to doing everything they can over the long term to make a project successful. With that, we’ve decided to have 10% of the total supply, (2,100,000 $BADGER) allocated for founder rewards. These tokens won’t be distributed all at once. Instead, as Badger is mined by the community, a percentage of each Badger will be sent to the founder rewards wallet (of which the address will be made public). The remaining 90% is for the community and no one else.

As mentioned above, we aren’t here to launch and leave. The founder rewards wallet will have a 1 year time lock on it with the ability to participate in voting. This wallet will release tokens weekly to the founders evenly across 12 months.

There will be a transparency report released shortly with all the reference code so the community can confirm authenticity of our claims, including time locks, private key ownership, token distribution, etc.

Image for post

Introducing Badger DAO’s 1st Product, Sett

Firstly, why the name Sett? Badgers make their homes by digging tunnels and caves and use grass and leaves for bedding. A badger’s home is called a SETT.

Setts are so strong and protective that they can be centuries old and are used by many generations of badgers. Exactly what we’re doing for crypto holders.

Badger is a DAO that creates Bitcoin focused products, and it’s important that when $Badger distribution occurs there is an actual product to govern. Beyond governing it, Sett will be the only way for people to earn $Badger.

Sett is an automated DeFi aggregator focused on tokenized BTC assets. Inspired by and based off the Yearn.Finance vaults, users deposit assets to earn a yield, our smart contracts then put those assets to work executing a variety of strategies across DeFi protocols. Through this, users optimize the yield they get out of their positions without having to do all the heavy lifting (multiple transactions, gas fees etc.).

To review our Sett code please go here

At launch for a limited number of weeks, anyone that deposits in our Setts will receive the appropriate yield + $Badger. The longer users stake in the Sett the increased multiplier of $Badger rewards they will receive (ie. 1x, 2x, 3x).

Users can withdraw their assets at anytime, upon withdrawal there is a 0.5% fee and an additional 4.5% fee from the profit generated to cover gas and transaction costs.

The 5Setts at launch are;

  • Curve_sbtc_lp tokens: Compounding strategy
  • Curve_renbtc_lp tokens: Compounding strategy
  • Curve_tbtc_lp tokens: Compounding strategy
  • Badger <> wBTC Uniswap LP: Compounding Strategy
  • Badger: Stake Badger and earn Badger

This is just the beginning for Sett. As strategies develop and the community comes together we hope for additional innovative Setts to come to the market.

  • Native BTC deposits
  • Single asset vaults with multiple strategies
  • Additional compounding strategies
  • Aggregator to aggregator to help preserve value in their GOV token
  • Impermanent loss mitigators
  • BTC neutral strategies (deposit BTC and prevent against price swings)
  • Rebasing management and optimization

Image for post

Introducing Badger DAO’s 2nd Product, Digg

It’s important to set precedence on how products should be developed and launched. With that, in conjunction with the $BADGER token, there will be the launch of its second community owned product, Digg.

Digg is a non-custodial synthetic Bitcoin on Ethereum. It’s an elastic supply cryptocurrency that’s pegged to the price of Bitcoin. Every day the supply is automatically adjusted across all wallets based on the USD value of $DIGG vs $BTC. If Digg’s price is higher than BTC, your wallet balance increases; if it’s lower than your balance decreases.

The goal of this product is to remove the need for centralized parties to custody our BTC and instead rely on the elastic parameters in the token smart contracts to maintain the peg. Every day at the same time the system calls a price oracle to provide the USD value of Bitcoin and if there is a need to increase the supply meaning (Digg is higher than BTC) it should drive sell pressure on the token since holders now have a higher quantity of the Digg in their wallet. The same works on the inverse in driving demand.

The parameters of Digg were created this way to encourage changes. We believe there is lots that can be done to the protocol to bring it closer to peg like rebasing every block or creating additional incentives to drive buy and sell pressure. After launch the community will control this protocol and we hope to see these changes put forward.

The Digg token will launch midway through the $BADGER distribution. Similar to Badger, it will have an independent liquidity launch where users will stake in our Setts and the Badger DAO token holders will have complete control of the protocol. The Badger DAO will also control the remaining 50% of the $DIGG supply not distributed during liquidity mining, further driving community ownership.

Who is Behind Badger DAO

4 long term cryptocurrency investors and friends came together earlier this year with an idea to launch a truly community-owned ecosystem DAO that can push Bitcoin as collateral forward.

We’re strong believers in the future of DAOs for shared ownership and the value that can be created when an ecosystem collaborates to build vs compete.

With that, we partnered with dOrg, a DAO itself, that’s dedicated to working with crypto projects to launch products. Together we built the foundation of Badger and Digg. The token smart contracts, DAO, liquidity mining staking infrastructure, composeability between all parts and smart locks.

In building our goal, we leveraged battle tested code for the foundation while adding minor changes. However, they enabled us to define the specific parameters that made everything a cohesive architecture. That includes the parameters that guarantee and enforce fairness at a code level.

Image for post

dOrg is a development collective that builds custom DAOs, DeFi products, and web3 tooling. They’ve worked with industry-leading projects like Balancer, The Graph, DeversiFi, and DAOstack.

Up until this point the founders funded, designed and developed everything. This includes 3rd party audits (with Zokyo). Moving forward Albert Castellana and Alberto Cevallos will be taking advisory roles within Badger while Chris Spadafora and Ameer Rosic will be a part of the operations team. Chris will act as the lead operator with the support of others on the team. dOrg will help support the technical infrastructure in the near term as the operations team expands its internal resources.

We intentionally set it up this way. For any DAO to be successful, it needs ongoing operational support. With Badger being community-driven we believe that community members should be the ones heavily involved in the operations with us.

This is a call to all those that would like to work with the Badger DAO on a full time or part time basis. There is an immediate need for developers, community leaders and content creators.

If interested, please reach out to hello@badger.finance.

How and Where to Buy Badger DAO (BADGER) ?

BADGER has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BADGER

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase BADGER from the Binance exchange.

Exchange: Binance, Huobi Global, OKEx, FTX, and ZT

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BADGER gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Find more information BADGER

☞ Website
☞ Explorer
☞ Social Channel
Message Board
☞ Coinmarketcap

Would you like to earn BADGER right now! ☞ CLICK HERE

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #badger dao #badger

What is GEEK

Buddha Community

What is Badger DAO (BADGER) | What is Badger DAO token | What is BADGER token
Crypto Like

Crypto Like

1607088065

What is Badger DAO (BADGER) | What is Badger DAO token | What is BADGER token

For many of us it’s been a long 2.5 year bear market, especially for those new to the space. Those focused on building during this time are starting to see the fruits (no pun intended) of their labour. Many of the things that we all believed would take center stage are now what everyone is excited about and DeFi is at the top of that list.

The total value locked in DeFi protocols has increased from approximately $650M on January 1st 2020 to $8.5B today. Projects like Uniswap are now dominant players frequently eclipsing large centralized exchanges in daily volume. Aggregators like YFI have exploded onto the scene and other leading lending/borrowing protocols like CompoundSynthetix and Aave have built 2 year+ battle tested protocols managing billions of dollars. It’s safe to say DeFi is here to stay.

Image for post

Source www.defipulse.com

That doesn’t come without the “get rich quick” attempts popping up as well. New food coins with anonymous founders like pasta, noodle, hotdog, kimchi etc, are launching unaudited forked codes from popular DeFi protocols and garnering hundreds of millions of dollars in the span of hours. These projects for the most part have no intrinsic value or purpose and will inevitably fade into irrelevance.

There always is some good to come with the bad. Projects like Yearn.finance have sparked a shift from VC or investor-backed projects with centralized control to a “fair token launch” with the community owning control of the project from the onset.

Another major progression in the last year has been the demand for Bitcoin to be used as collateral on other blockchains, especially Ethereum.

Bitcoin is the soundest money ever invented. Many would argue the best collateral the world has seen. Today there are limited ways to use your BTC for decentralized finance, especially on the Bitcoin network. This is why an increasing amount of Bitcoin holders are wrapping their BTC on Ethereum to use finance protocols for earning interest, borrowing against their position etc.

The problem is the infrastructure, products and protocols for enabling BTC on other blockchains are very immature. Most BTC bridges have centralized parties we must trust to custody and mint the equivalent BTC on ETH. There are only a couple large liquidity pools for trading synthetic BTC. Although many of the lending/borrowing protocols have enabled these wrapped assets as collateral, there are only a few of these trusted protocols in the market right now.

With the maturity of smart contract infrastructure, the rise of DeFi, demand for fair launches, the potential of BTC in DeFi and the desire of community ownership of products, we decided to create the Badger DAO.

Image for post

What is the Badger DAO

Badger is a decentralized autonomous organization (DAO) with a single purpose: build the products and infrastructure necessary to accelerate Bitcoin as collateral across other blockchains.

It’s meant to be an ecosystem DAO where projects and people from across DeFi can come together to collaborate and build the products our space needs. Shared ownership in the DAO will allow builders to have aligned incentives while decentralized governance can ensure those incentives remain fair to all parties. The idea is less competing and more collaborating.

That’s why it’s important that it starts as a community-led initiative from day one. Any decisions are made through a governed vote including what, how, and when Badger DAO products are created. Equally important is ensuring there is a fair distribution of $BADGER to give all participants the opportunity to get involved and benefit.

This forms the pillars of what ensures Badger always remains community first, fair and transparent.

  1. Badger Builders
  2. Community created products
  3. Dedicated Badger operations team
  4. Fairly initial distribution of $Badger Tokens for governance
  5. All code open-sourced

Badger community members can propose new product ideas to the DAO, pitch the proposal to the greater community over video and finally take the proposal if it passes these stages to an official vote for approval. Once approved the Badger DAO ops team will collaborate with them to build it, fund it and market it. Of course the intention is that it’s not a singular community member proposing these but instead many contributors coming together to create the best products we can.

Badger builders are open and willing to collaborate with anyone wanting to build with together. It would be amazing to see leading developers and DeFi protocols participate in this program.

This structure is meant to give everyone an opportunity to build what’s needed regardless if they are an individual developer, blockchain company, dev shop or just a person with an idea. Anything launched by the Badger community should be inherently fair, transparent and rewarding all those involved in bringing the product to life. This includes shared fees, token rewards etc.

We believe that together the community can build the products that our industry needs more effectively, compared to single centralized entities building fragmented solutions.

How is Badger Token Going to Launch?

*DISCLAIMER: BADGER IS STRICTLY A TOKEN TO GOVERN THE DAO AND ITS ACTIVITIES. IT HAS NO MONETARY VALUE. *

Badger will follow in YFI’s footsteps with a fair liquidity mining launch. We are attempting to innovate how fair launches are actually conducted.

  • Zero individual or centralized control of smart contracts upon launch.
  • Fixed supply with mint function being burned at launch.
  • All smart contracts and systems audited pre-launch.
  • No surprise launch date and list of assets for staking. The entire community will know weeks in advance all these details.
  • No investors or capital raised.
  • Team is publicly known and involved in ongoing operations.
  • Time-locked founder rewards + whitelist functionality to enable performance based unlocking of rewards voted by the community.
  • No seeding of liquidity on exchanges by Badger.
  • Leaving control and decisions to the community of how to best distribute and utilize a significant portion of token supply.

Unlike the trend of products launching without audits and anonymous founders, the founding team has ensured a 3rd party firm (Zokyo)has audited any and all contracts for Badger and Digg before launch. We as founders are also not hiding and are going to be very public about our involvement. We aren’t here to launch and leave but instead intend to lead the operations team and stick around for the long haul.

Shortly we will release the audit report well before launch and over the next week we will share all the details of the stakeable assets.

Founder Rewards

We believe incentivization is critical for teams to ensure they’re committed to doing everything they can over the long term to make a project successful. With that, we’ve decided to have 10% of the total supply, (2,100,000 $BADGER) allocated for founder rewards. These tokens won’t be distributed all at once. Instead, as Badger is mined by the community, a percentage of each Badger will be sent to the founder rewards wallet (of which the address will be made public). The remaining 90% is for the community and no one else.

As mentioned above, we aren’t here to launch and leave. The founder rewards wallet will have a 1 year time lock on it with the ability to participate in voting. This wallet will release tokens weekly to the founders evenly across 12 months.

There will be a transparency report released shortly with all the reference code so the community can confirm authenticity of our claims, including time locks, private key ownership, token distribution, etc.

Image for post

Introducing Badger DAO’s 1st Product, Sett

Firstly, why the name Sett? Badgers make their homes by digging tunnels and caves and use grass and leaves for bedding. A badger’s home is called a SETT.

Setts are so strong and protective that they can be centuries old and are used by many generations of badgers. Exactly what we’re doing for crypto holders.

Badger is a DAO that creates Bitcoin focused products, and it’s important that when $Badger distribution occurs there is an actual product to govern. Beyond governing it, Sett will be the only way for people to earn $Badger.

Sett is an automated DeFi aggregator focused on tokenized BTC assets. Inspired by and based off the Yearn.Finance vaults, users deposit assets to earn a yield, our smart contracts then put those assets to work executing a variety of strategies across DeFi protocols. Through this, users optimize the yield they get out of their positions without having to do all the heavy lifting (multiple transactions, gas fees etc.).

To review our Sett code please go here

At launch for a limited number of weeks, anyone that deposits in our Setts will receive the appropriate yield + $Badger. The longer users stake in the Sett the increased multiplier of $Badger rewards they will receive (ie. 1x, 2x, 3x).

Users can withdraw their assets at anytime, upon withdrawal there is a 0.5% fee and an additional 4.5% fee from the profit generated to cover gas and transaction costs.

The 5Setts at launch are;

  • Curve_sbtc_lp tokens: Compounding strategy
  • Curve_renbtc_lp tokens: Compounding strategy
  • Curve_tbtc_lp tokens: Compounding strategy
  • Badger <> wBTC Uniswap LP: Compounding Strategy
  • Badger: Stake Badger and earn Badger

This is just the beginning for Sett. As strategies develop and the community comes together we hope for additional innovative Setts to come to the market.

  • Native BTC deposits
  • Single asset vaults with multiple strategies
  • Additional compounding strategies
  • Aggregator to aggregator to help preserve value in their GOV token
  • Impermanent loss mitigators
  • BTC neutral strategies (deposit BTC and prevent against price swings)
  • Rebasing management and optimization

Image for post

Introducing Badger DAO’s 2nd Product, Digg

It’s important to set precedence on how products should be developed and launched. With that, in conjunction with the $BADGER token, there will be the launch of its second community owned product, Digg.

Digg is a non-custodial synthetic Bitcoin on Ethereum. It’s an elastic supply cryptocurrency that’s pegged to the price of Bitcoin. Every day the supply is automatically adjusted across all wallets based on the USD value of $DIGG vs $BTC. If Digg’s price is higher than BTC, your wallet balance increases; if it’s lower than your balance decreases.

The goal of this product is to remove the need for centralized parties to custody our BTC and instead rely on the elastic parameters in the token smart contracts to maintain the peg. Every day at the same time the system calls a price oracle to provide the USD value of Bitcoin and if there is a need to increase the supply meaning (Digg is higher than BTC) it should drive sell pressure on the token since holders now have a higher quantity of the Digg in their wallet. The same works on the inverse in driving demand.

The parameters of Digg were created this way to encourage changes. We believe there is lots that can be done to the protocol to bring it closer to peg like rebasing every block or creating additional incentives to drive buy and sell pressure. After launch the community will control this protocol and we hope to see these changes put forward.

The Digg token will launch midway through the $BADGER distribution. Similar to Badger, it will have an independent liquidity launch where users will stake in our Setts and the Badger DAO token holders will have complete control of the protocol. The Badger DAO will also control the remaining 50% of the $DIGG supply not distributed during liquidity mining, further driving community ownership.

Who is Behind Badger DAO

4 long term cryptocurrency investors and friends came together earlier this year with an idea to launch a truly community-owned ecosystem DAO that can push Bitcoin as collateral forward.

We’re strong believers in the future of DAOs for shared ownership and the value that can be created when an ecosystem collaborates to build vs compete.

With that, we partnered with dOrg, a DAO itself, that’s dedicated to working with crypto projects to launch products. Together we built the foundation of Badger and Digg. The token smart contracts, DAO, liquidity mining staking infrastructure, composeability between all parts and smart locks.

In building our goal, we leveraged battle tested code for the foundation while adding minor changes. However, they enabled us to define the specific parameters that made everything a cohesive architecture. That includes the parameters that guarantee and enforce fairness at a code level.

Image for post

dOrg is a development collective that builds custom DAOs, DeFi products, and web3 tooling. They’ve worked with industry-leading projects like Balancer, The Graph, DeversiFi, and DAOstack.

Up until this point the founders funded, designed and developed everything. This includes 3rd party audits (with Zokyo). Moving forward Albert Castellana and Alberto Cevallos will be taking advisory roles within Badger while Chris Spadafora and Ameer Rosic will be a part of the operations team. Chris will act as the lead operator with the support of others on the team. dOrg will help support the technical infrastructure in the near term as the operations team expands its internal resources.

We intentionally set it up this way. For any DAO to be successful, it needs ongoing operational support. With Badger being community-driven we believe that community members should be the ones heavily involved in the operations with us.

This is a call to all those that would like to work with the Badger DAO on a full time or part time basis. There is an immediate need for developers, community leaders and content creators.

If interested, please reach out to hello@badger.finance.

How and Where to Buy Badger DAO (BADGER) ?

BADGER has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BADGER

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase BADGER from the Binance exchange.

Exchange: Binance, Huobi Global, OKEx, FTX, and ZT

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BADGER gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Find more information BADGER

☞ Website
☞ Explorer
☞ Social Channel
Message Board
☞ Coinmarketcap

Would you like to earn BADGER right now! ☞ CLICK HERE

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #badger dao #badger

Words Counted: A Ruby Natural Language Processor.

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Are you using WordsCounted to do something interesting? Please tell me about it.

 

Demo

Visit this website for one example of what you can do with WordsCounted.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license

#ruby  #ruby-on-rails 

Royce  Reinger

Royce Reinger

1658068560

WordsCounted: A Ruby Natural Language Processor

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Are you using WordsCounted to do something interesting? Please tell me about it.

Gem Version 

RubyDoc documentation.

Demo

Visit this website for one example of what you can do with WordsCounted.


Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted 
License: MIT license

#ruby #nlp 

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

Crypto Like

Crypto Like

1610505608

What is DAO Maker (DAO) | What is DAO Maker token | What is DAO token

Exploring the DAO Maker Token Economy

Image for post

Yesterday, the first batch of private sale applicants that passed the whitelist received the DAO Maker whitepaper and the DAO Token Economics Papers.

This article explores the token economics paper, as a summary of key aspects. There are three key aspects that add utility to the token:

  • Payments to Stakers
  • Holder Incentives
  • Lending Sponsorship
  • Token Support Activities

Image for post

Utility Set 1: Payments to Stakers

First and foremost, this is not an inflationary staking system. Staking payments are not based on just unlocking more DAO tokens. They are only based on platform fees.

This utility is going to be a key driver in holding and staking DAO tokens. Staking tokens is required to claim payments from a primary reward pool.

The reward pool is built up with payments generated by the platform’s services and products. Many products are already live as we’ve been working on them since 2018. Many more products are in development as we expand the product portfolio to reach our goal of making the DAO Maker platform the center of venture capital opportunity for retail investors across the world.

- Live Fee Streams -

1.1. Fundraising Fees

Most people know us for token launches. Fees are collected from tokens that launch through our platform. We are now in the process of expanding our platform services to equity crowdfunding.

1.2. dTeams Fees

Those who do not know us from token launches, know us from DAOs or Community Hubs powered by our Social Mining technology. A new, more advanced version of Social Mining is now being launched, rebranded as dTeams.

Subscription fees are collected from projects that use the technology. A success fee is claimed based on the transactional volume that takes place on it.

Demand for the product has been great, but we have always kept it permissioned access. We are now shifting towards two variants: (a) a limited _Express _brand, available without permission to any project and (b) a full-featured permissioned _Atlas _brand, available only to a few.

Express will include success fees based on transactional volume on the platform; this is usually in the form of rewards distributed to stakers. Atlas will remain as a combination of subscription fees and success fees.

1.3. Enterprise Service Fees

The DAO Maker platform is a combination of many services, many of which have grown in high demand as legislative pressure grows. Fees are charged when companies use our chain analysis tools to block certain addresses; fees are charged when companies use our KYC/AML service; fees are charged when companies use our node launch system.

The above services and products that are already live. DAO Maker is a cash flow-positive. It has been a self-funded company since late 2018, and is now on path to cross $1.7M in 2020 revenue.

Image for post

- Fee Streams in Development -

1.4. Venture Bond

The Venture Bond is a product we are launching to create nearly zero-risk venture investments. First, startups issue bonds, then retail purchases these bonds, and then the principal money collected from retail generates interest on insured and overcollateralized margin lending.

The generated interest is given to startups, who in return give equity or tokens. At bond maturity, the principal funds are returned to retail. So retail ends up with their initial money back, plus tokens or equity in a startup.

The complete details on how a Venture Bond operates are available in the  whitepaper. Fees will be collected from a portion of funding generated by startups, and from a portion of tokens or equity received by Venture Bond holders.

Image for post

1.5. Venture Bond Exchange

The Venture Bond is an asset class native to the DAO Maker platform. It will need liquidity, and the platform will also facilitate that.

To clarify, a Venture Bond, like any bond, locks funds and returns them after a maturity date (like an expiry date). Only at maturity date, the funds are unlocked from the Venture Bond. It’s likely that some (or many) people may want to exit their position before a Venture Bond’s expiry date. The Venture Bond Exchange facilitates this demand.

There will be trading fees.

The VB Exchange will be open to all for trading Bonds of tokens. Bonds of equity, even though it is crowd equity, will be open to only accredited investors, due to legal requirements.

1.6. Lending Pool for Venture Margin

As just mentioned, the Venture Bond generates funding for startups by using money generated by retail in margin funding activities, insured and over collateralized.

Margin funding isn’t a new concept. There’s almost $800 billion in margin funding in traditional markets. Margin funding isn’t new to crypto either. Exchanges companies like BlockFi and Celsius have been providing this for a while. It has now taken center stage with the DeFi surge.

There is an instant market tap worth billions of dollars.

Margin funding is essentially money used by traders for leverage. To do so, traders have to provide over collateralization, with the standard being 200%. While at the initiation of the Venture Bond we will work with industry providers that are insured and overcollateralized, we will launch our own platform to internalize the margin supply Venture Bond creates; this will be in the form of a lending platform.

Origination fees will be collected, per industry standards, and added to the reward pool. Origination fees are the costs charged upon interest, to borrowers.

- Claiming Payments -

The above revenue streams, whether they are live or in development, will feed a reward pool.

0.5% of the daily pool value will be rewarded per day to stakers. Stakers will have to participate in platform governance, be it creation of proposals or voting in them.

Utility Set 2: Holder Incentives

There’s a large stream of products within the DAO Maker. Some are B2B, some are B2C, and some are B2B2C.

The token will provide the end-user focused products to host incentives for holders. This is in line with boosting platform loyalty. The incentives are focused on the funding products.

2.1. Cashback System

The first form with which loyalty will be rewarded is a cashback system. Stakers will not only receive a portion of platform fees, but they will also receive somewhat of a discount on venture investments they make on the platform.

As mentioned earlier, there are platform fees taken from projects that launch a funding campaign. The fee is not applied to the buyer; it’s applied to the startup.

If a person is staking enough tokens, he/she will get a cashback. The funds for the cashback come from the fees taken from the startups on the platform. It’s similar to a credit card cashback system: when you spend money at a store, the store pays a bit to the card provider, and the card provider gives you some of that money.

Example of possible Cashback system; this can be adjusted in the future.

Image for post

2.2. Allocation Priority

DAO Maker’s DYCO and rSHOs have seen great demand, especially in the small public rounds. The DAO token will give its holders priority in our offerings.

Tokens in the SHO ecosystem will continue to play a role in allocation priority, but the larger portion of allocation will be based on holding/staking status of DAO tokens.

Utility Set 3: Lending Sponsorship

This utility set is complex so it is recommended that the whitepaper is referred for a thorough explanation. The article will offer only a topical insight.

As mentioned earlier, to internalize the margin lending market generated by Venture Bonds, the platform will host its own lending market, tailored for margin lenders. The industry standard is that margin collateral is only accepted in the form of handful of cryptocurrencies. These are the notably high market cap and extremely liquid assets, like Bitcoin and Ethereum.

This means that a significant portion of the market is cut out from access to lending. Given that the DAO token has a very diverse stream of fees creating its support, it creates an opportunity to use the DAO token as a sponsorship token to insure the launch of low-cap tokens as collateral. This will allow them to earn additional fees from the interest being paid to borrow the tokens in sponsored lending pool.

DAO token stakers, who are earning reward pool distribution and enjoying platform incentives like cashbacks, will have the opportunity to voluntarily sponsor lending pools of tokens they like. There’s significant detail on the parameters placed to ensure the operational security of the system.

Utility Set 4: Token Support Activities

There are three primary token support activities. These are designed to boost token distribution, holding, and community involvement.

4.1. Reducing Circulation

Adding all platform fees into the reward pool is not the best approach. Instead, the fees will be split: (a) added to reward pool and (b) used for reducing token circulation.

While the reward pool growth increases staking, reducing circulation boosts token liquidity confidence. It also has a permanent benefit on the token.

4.2. Decentralized Accelerator

The Strong Holder Offering is being turned into the refundable Strong Holder Offering. This framework will be only for projects that have already raised in a private round but now need a public sale mainly to build a community.

The SHO resources will be used to locate a community, but with an added feature.

People will have the right to refund their SHO tokens. However, if tokens are not refunded (meaning token is doing well), a fee will be charged on the non-refunded amount to buy back tokens of that project.

These will then be distributed to the stakers. This was not mentioned above in the reward pool because this distribution has a skew. Those who helped the project that conducted the rSHO will get a bigger amount of tokens. So it creates an incentive system for the community seeded by the rSHO to make help the token do well.

The reward pool described in the beginning of the project distributes payments evenly to all stakers. The Decentralized Accelerator payments are not even: those who helped the rSHO client will get a higher reward. Image for post

4.3. Reward Pool Governance

Platform fees are collected in a combination of stablecoins and tokens (of many different projects).

Fee collection that is being added to the reward pool will be up for votes on a monthly basis. This vote will allow DAO stakers to decide which ecosystem token should the stablecoins buy. This means a portion of platform fees will be used to support projects that join the DAO Maker ecosystem. This creates a good incentive system for projects to join.

The voting system also adds an additional network utility to the DAO stakers, giving them increased responsibility in the ecosystem.

DAO Maker’s Direction

  • Till recently, only projects we accelerate are allowed to use our sale platform
  • Our accelerator is highly exclusive, and only a couple projects qualify per year; the cause is the extreme cost of time and capital needed for proper acceleration

  • Compliance is in high demand, and we have spent years building a platform that offers a fully compliant token sale
  • We want to use the high demand for such a service to offer our community access to otherwise sold-out sales
  • Such projects, though, won’t operate like the ones we accelerate as we have no influence on them; just providing compliance
  • From now on, we will give a warning if a launch is not accelerated by us; such projects would also be mandated to agree to down-side protection (refunds) to the community sale

Full Article starts here.

Over the past three years, we have acquired a reputation of accelerating some of the best projects in the space, some of which have defied the bear market of 2019.

Behind the doors, we’ve actively advanced our ‘launchpad.’ We are based, registered, and licensed in the EU and hence we comply with the most up to date KYC, AML, and data protection compliance requirements.

Image for post

Many projects have and continue to approach us to host compliant public sales for retail. Unlike private rounds for VCs, public rounds for retail require more stringent compliance requirements. Moreso now than ever, since regulatory throwback has brewed to a point where revitable exchanges like BitMEX and OKEx are facing legal hurdles.

Projects seek communities, and community raises need to be done in a manner that covers a wide range of requirements: provable efforts to cut off the US and China, ALMD5-compliant (and soon ALM6) KYC and AML checks, GDPR-compliant data protection, and provable efforts to cut off any sanctioned countries.

We offered and continue to offer Compliance as a Service to projects that are both sold out and have been actively building something that furthers the crypto ecosystem. However, this does not mean that DAO Maker actively endorses or advises these companies.

We will continue to incubate & accelerate projects

Up until we recognized that there is a surging demand (need) for compliant token sales, we only raised for projects that were incubated/accelerated by us. When we incubate a project, we invest in it and then take a very active role in the project. We may even take a board seat to ensure that the actions we feel are going to drive success are implemented.

Our incubation process involves us working on the project’s product to ensure it has a strong market fit and a greater integration of the project’s token. If the underlying technology allows, we work to strategize additional products that could be added to the development, to ensure a diversified product portfolio for the company. We may even work to improve the UX and UI design, alongside game theory in project economics and business development. This is resource, labor, and capital intensive and that is why we only incubate a few projects per year.

We will take a different approach to non-accelerated sales.

We are now fulfilling a rising industry necessity: safe and compliant token sale offerings, even for projects that are not incubated by us.

We will clarify from now on whether a token sale launched on our platform is just a project seeking a compliant token sale, or that it is a sale of a development fully incubated by DAO Maker. Users should only invest in these projects if they have had a pre-established interest in the specific companies as we have little to do with them, outside of the compliance of the token sale.

For projects that want to grow their community using the ecosystem, in a compliant manner, DAO Maker hosts safe Token Sales that will offer participants partial or full refunds if the token goes below ICO price in the first 2 months. The first one being PlotX, which offers the participants of the DAO Maker-operated Community Offering a 50% refund if they do not participate in the app to claim the second batch of tokens.

TOKEN SALE: 18 JAN – 18 JAN

Ticker: DAO

Token type: ERC20

ICO Token Price: 1 DAO = 0.1 USD

Fundraising Goal: $300,000

Total Tokens: 312,000,000

Available for Token Sale: 25%

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