About Cult DAO
The Cult DAO, a decentralised autonomous organisation with a focus on financing investments in decentralised technology, is the owner of the token CULT. The token may be traded and is liquid, making it simple to exchange it on different cryptocurrency exchanges. The DAO takes 0.4% of the transaction value from each time a CULT transaction takes place, and this money is then deposited to the DAO treasury.
Users effectively support the DAO’s initiatives to support and promote decentralised technologies by transacting with CULT. The DAO uses its capital to invest in cutting-edge projects with the potential to completely change a variety of industries, which feeds a cycle of growth and development inside the decentralised ecosystem.
How It Work
CULT Token: On several cryptocurrency exchanges, CULT is a marketable and liquid token that is simple to buy and sell.
Transaction Fee: The DAO takes a fee of 0.4% of the transaction value from each time a CULT transaction takes place.
DAO Treasury: As more transactions take place, the DAO’s treasury slowly fills up with the transaction fees it has earned. Following that, investments in decentralised technologies that support the DAO’s mission are financed with money from the treasury.
Poin Rewards: The DAO also has a special mechanism called Poin, which encourages users to keep and spend CULT tokens for transactions. Users that hold and use CULT tokens will receive a portion of the transaction fees earned by the DAO as a reward from Poin not only contribute to the DAO’s treasury but will also receive a portion of the transaction fees collected.
Token
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.
Investing In The Revolution
The purpose of CULT is to empower and fund those building and contributing towards the decentralized future. Our society is built to make it as difficult as possible to break away from societal, economic and other norms.
FIGHT AGAINST CENTRALIZATION
They give funding to those who are ready to break the chains and have an idea that can change the world.
Full Distribution
When investee protocols tokens vest, having dCULT allows users to claim the rewards that are sent to the DAO
Features
Tradeable and liquid
The CULT token may be easily bought and sold on a variety of cryptocurrency exchanges since it is tradeable and liquid. Users can now easily buy CULT tokens and take part in the DAO’s projects thanks to this.
Contribution to DAO treasury
Each time a CULT transaction takes place, the DAO takes 0.4% of the transaction value and deposits it in its bank account. Users effectively support the DAO’s initiatives to support and promote decentralised technologies by transacting with CULT.
Decentralised technologies as a focal point
The CULT DAO is committed to supporting financial investments in decentralised technology. The DAO makes investments in cutting-edge initiatives and technology that have the potential to revolutionise numerous industries using the money raised through CULT transactions.
Rewards from Poin
CULT also has a special mechanism called Poin that encourages users to keep and spend CULT tokens. Users receive a portion of the transaction fees that the DAO collects using Poin. This implies that users who possess and use CULT tokens will share in the revenue generated by transaction fees in addition to making a donation to the DAO’s treasury.
What Is DAO
A DAO is a Decentralised Autonomous Organization. The definition of which is argued almost as much, and by almost as many, who squabble between themselves in left wing politics. A DAO in its purest form is what they have created with Cult DAO. Once Cult DAO launches, it will function forever more with no human interference beyond what has been coded for it to be influenced by, which is votes from its holders. Nobody can dismantle the code and nobody can stop it collecting funds and sending them to those furthering our cause, as long as the token is traded & as long as people are passing proposals, CULT will live on.
Is CULT a good investment?
As with any investment, there is no guarantee of returns, and investing in CULT carries risks. However, CULT’s unique mechanism and focus on decentralized technologies may make it an attractive investment opportunity for those interested in the industry. It is always important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Conclusion
CULT is a distinct and cutting-edge token that offers various advantages to consumers that are interested in decentralised technology, in conclusion. Users can contribute to the CULT DAO’s treasury, which is used to finance investments in decentralised technology, by dealing with CULT.
To further encourage users to hold and use CULT tokens and promote the expansion and development of the ecosystem, the coin also has a reward system. Overall, CULT offers an exhilarating chance for investors and proponents of decentralised finance to participate and have an impact on the sector.
