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Information
Revolt (RVLT) is the first ecosystem token of CULT DAO, built on the Polygon network as a Polygon POS token with a 0.4% taxation. While CULT aims to fund protocols that promote decentralization, RVLT aims to support individuals known as The Many who are also working towards this goal. Every month, 490 stakers (plus 10 consistent NFT owners) are randomly selected from all RVLT stakers (uRVLT owners). Their responsibility is to approve or disapprove submissions made by users regarding the actions they have taken to support the CULT ecosystem and the revolution. These actions can range from simple tasks like stickering, leafleting, shilling, or civil disobedience. The purpose of this protocol is to provide an alternative to relying solely or partially on wage labor for The Many and to compensate users for their efforts in advancing decentralization and the CULT ecosystem.
Information
What is the description of the coin?
Revolt 2 Earn ($RVLT) is Cult DAO's first ecosystem token, built on the Polygon network as a Polygon POS token with a 0.4% taxation.
Revolt 2 Earn ($RVLT) is the second tradable and liquid token from Cult DAO. Transacting $RVLT contributes to the protocol by filling the DAO treasury slowly, funding investments into decentralized technologies. This is achieved through a 0.4% collection on all $RVLT transactions that goes straight to the treasury.
Each month, 490 stakers (+10 consistent NFT owners) are randomly selected from all $RVLT stakers (uRVLT owners). These 500 individuals have the responsibility of approving or disapproving submissions by users regarding the actions they have taken to help the Cult ecosystem and support the revolution. These actions can be as simple as stickering, leafleting, shilling, or civil disobedience.
This protocol exists to allow individuals to not fully rely on wage labor, or in part, and to fill the gap by paying users to further the cause of decentralization and the Cult ecosystem.
What is Cult.DAO?
Cult DAO aims to accelerate the collapse of the global economic order and fund revolutionaries who share the same goal.
The top 50 Cult stakers are known as The Guardians and can submit proposals to the DAO, but they cannot influence the vote. The voting rights are held by all Cult stakers who are not Guardians.
The proposals put forward should be requests for investment from protocols that meet most or all of the following criteria:
- Fight Against Centralization
- Further the Cause of Decentralization
- Directly Benefit a Noble Cause
The DAO can then vote on whether to grant the investment. There is also a burning mechanism in place that serves as an incentive.
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