Cult Dao
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CULT is the tradable and liquid token of CULT DAO, transacting CULT will
contribute to the protocol by filling the DAO treasury slowly, to fund
investments into decentralised technologies.
29/10/2022
Here is the recording from the Discord.
Time to show Binance what we’re made of
🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸🩸
The community showdown gives us an opportunity to get Binance talking about CULT.
POTENTIALLY even get listed if we come top 3.
What do YOU need to do?
- Comment (exactly as it’s written)
- Tell everybody on Twitter to do the same
https://twitter.com/binance/status/1585194540134187010?s=46&t=1wASN2IhsXyacuEXwHrsNg
26/10/2022
CULT is building its own blockchain
Read more ⬇️
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of… Did you know that a community can become so passionate, that it can push a simple meme coin built on the ethereum blockchain as an ERC 20…
23/07/2022
That didn't last long 🤡
Go out side and spread the word to the world.
20/07/2022
Hop on everyone! https://youtu.be/XeLssHruN9U
Is The Crypto Bear Market Over? With Jake Gagain & Artorias | Cult DAO x vEmpire Tune in to hear vEmpire CEO, Dominic Ryder talk to Jake Gagain & Artorias, and get answers to any burning questions you may have!About vEmpirevEmpire is focu...
Fighting the good fight to
Do you have a business? Advertising space? Or handy with some paint or stickers? 🤡
We want to see how you are getting people to
100 million $CULT to the top three winners!!
13/04/2022
Cult DAO Releases Data On The Recent Upsurge In CULT Treasury Volume
https://zycrypto.com/cult-dao-releases-data-on-the-recent-upsurge-in-cult-treasury-volume/
03/04/2022
Cult Dao Investing in the revolution Read the manifesto: https://cultdao.io/wp-content/uploads/2022/01/CULT-DAO-Manifesto-1.pdfPortal: https://t.me/cultdaothemanyWebsite: https://cultdao.io/Stak...
03/04/2022
What is Cult DAO? 'The DAO' 2.0? What is CultDAO? David explores how and why 50 guardians received a $1,000,000 airdrop from a weird corner of the internet. Website: https://cultdao.io/FAQ D...
30/03/2022
What is CULT?
CULT is the tradable and liquid token of CULT DAO, transacting CULT will
contribute to the protocol by filling the DAO treasury slowly, to fund
investments into decentralised technologies. This is achieved due to a 0.4%
collection on all CULT transactions.
CULT, once staked into the Cult DAO, becomes dCULT. dCULT is just the “proof of stake token” for CULT. When you stake your CULT into the DAO, you are given dCULT, this can be swapped back at any time into the amount of CULT you staked originally, plus any rewards that were given to the DAO in the time period you owned dCULT.
Cult DAO and its funding process is completely decentralized. It cannot be stopped. As long as there are people transacting with CULT, Guardians putting forward proposals, and users voting, Cult DAO will continue to fund revolutionaries, decentralization advocates and those willing to break the chains of society.
A proposal can only be put forward by the Guardians. These are the top 50 holders. Guardians cannot vote and so cannot be wholly corrupted in their decisions. These proposals must conform to all or the majority of these three criteria:
● Fight Against Centralisation,
● Further the Cause of Decentralisation
● Directly Benefit a Noble Cause.
These proposals can be from anywhere, VCs, community members,
politicians, anarchists, socialists, the left or right wing, as long as they conform to
the guidance above and it is a Guardian who submits it, any proposal can be
voted on by the Many. The proposals put forward must contain;
1) The total supply of the investee protocol token
2) the percentage of the total supply being offered in return for 13 ETH investment
3) the tokenomics
4) the audit of the token and any contracts if built
5) the burn and distribution plan
The burn and distribution plan is the vesting schedule for the investee
protocols token. For this example let us use a fake protocol ABC DAO. The
vesting schedule can be daily, weekly, fortnightly or monthly, but cannot be
vested over longer than 18 months at the very maximum.
Lets say ABC DAO promises 1.2% of it’s $ABC token, vesting once a month for
12 months. On the repayment date, rather than sending the token of the
investee protocol, like a normal VC funded protocol would, the investee
company instead swaps 0.1% of its supply (1.2% over 12 months) of $ABC for
$CULT. ABC DAO then sends half of the cult to a burn wallet, and the other
half to the DAO, which is paid out to dCULT holders.
CULT serves to fast forward the collapse of the old financial system, to end the
tyranny of sovereign nations and central banks. The current financial system
serves to keep the people poor, a society built on debt needs inflation to function,
and inflation serves to rob the poor and allow them to never catch up with their
overlords in the ruling class.
Telegram: https://t.me/cultdaothemany
Website: https://cultdao.io/
Manifesto:https://cultdao.io/wp-content/uploads/2022/01/CULT-DAO-Manifesto-1.pdf
30/03/2022
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