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CULT is the tradable and liquid token of CULT DAO. Transacting CULT contributes to the protocol by filling the DAO treasury slowly to fund investments into decentralized technologies. This is achieved through a 0.4% collection on all CULT transactions.

Once staked into the Cult DAO, CULT becomes dCULT, the proof of stake token for CULT. When you stake your CULT into the DAO, you receive dCULT, which can be swapped back into the amount of CULT you originally staked, plus any rewards given to the DAO during the ownership period of dCULT.

Cult DAO and its funding process are completely decentralized and cannot be stopped. As long as people transact with CULT, Guardians put forward proposals, and users vote, Cult DAO will continue to fund revolutionaries, decentralization advocates, and those willing to break the chains of society.

Proposals can only be put forward by the Guardians, the top 50 holders. Guardians cannot vote and are not easily corrupted in their decisions. Proposals must conform to the criteria of fighting against centralization, furthering the cause of decentralization, and directly benefiting a noble cause.

Proposals can come from various sources, such as VCs, community members, politicians, anarchists, socialists, left or right-wing individuals, as long as they conform to the guidance provided and are submitted by a Guardian. Any proposal can be voted on by the Many.

Proposals must contain information such as the total supply of the investee protocol token, the percentage of total supply offered in return for investment, tokenomics, the audit of the token and contracts, and the burn and distribution plan.

The burn and distribution plan refers to the vesting schedule for the investee protocol's token. For example, if a protocol promises 1.2% of its $ABC token, vesting once a month for 12 months, it would swap 0.1% of its supply (1.2% over 12 months) of $ABC for $CULT on the repayment date. Half of the CULT is sent to a burn wallet, and the other half is paid out to dCULT holders.

CULT aims to accelerate the collapse of the old financial system and end the tyranny of sovereign nations and central banks. The current financial system keeps people poor, relying on debt and inflation to function, which ultimately robs the poor and perpetuates inequality.

Issue Time
1970/01/01
Initial Price
US $ 0.00000014
Circulation/Max
4.31T/6.66T
Dominance
0.00%
ROI --%
$0.00000014$0.00007365
Low · 2022/03/162022/03/16 · High

Information

What is Cult DAO?

CultDAO is a decentralized investment DAO. Holders stake their CULT to be able to participate in the selection of investments in projects that are put forth by the top 50 stakers (known as Guardians). Although Guardians submit proposals, they cannot vote on them, and rely on everyone outside the Top 50 to choose to approve or reject the proposals.

The purpose of CULT is to empower and fund those building and contributing to our decentralized future, our society is built to make it as difficult as possible to break away from societal, economic, and other norms. We give funding to those who are ready to break the chains and have an idea that can change our world.

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