About 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.
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Frequently Asked Questions
What is Cult DAO?
Read MoreCultDAO 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.
What is the all-time high price of Cult DAO (CULT)?
Read MoreThe all-time high of CULT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Cult DAO (CULT) is 0. The current price of CULT is down 0% from its all-time high.
How much Cult DAO (CULT) is there in circulation?
Read MoreAs of
, there is currently 4,318.69Bn CULT in circulation. CULT has a maximum supply of 6,666.67Bn. What is the market cap of Cult DAO (CULT)?
Read MoreThe current market cap of CULT is 22.85M. It is calculated by multiplying the current supply of CULT by its real-time market price of 0.000005290734.
What is the all-time low price of Cult DAO (CULT)?
Read MoreThe all-time low of CULT was 0
, from which the coin is now up 0%. The all-time low price of Cult DAO (CULT) is 0. The current price of CULT is up 0% from its all-time low. Is Cult DAO (CULT) a good investment?
Read MoreCult DAO (CULT) has a market capitalization of $22.85M and is ranked #954 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Cult DAO (CULT) price trends and patterns to find the best time to purchase CULT.