Name: Cult DAO
SKU: CULT
Price: 3.822433e-6 USD

Cult.DAO is a decentralized venture capital platform. The top 50 CULT stakers are The Guardians. These Guardians can submit proposals to the DAO, but they cannot influence the vote. The votes can be made by all CULT stakers who are not Guardians. Votes pass based on token share Yes vs No. 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 decentralized technologies. This is achieved due to a 0.4% collection on all CULT transactions that goes straight to the DAO.Staking CULT is the basis of the whole protocol. The top stakers (holders of dCULT) are The Guardians, who are able to submit proposals, either for their own projects or on behalf of others. When a proposal for a project is successful, the agreed-upon percentage gifted to the DAO by the project is split 50/50. 50% is burned, and the other 50% is sent to the DAO and distributed to stakers of CULT.

Cult DAO

Cult.DAO is a decentralized venture capital platform

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