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DAO Fund
The Community Fund Managed by DarkCrypto Core Team.
DAO Fund address: 0x090389b8edb165ec66001e1d8852fabcb35f3f9c
The Dao Fund is Our 2nd Assurance on top the BONDS mechanism on protecting the DARK PEG. It is controlled by the Developers and will later move to a governance system to vote on using funds in certain areas of the project and outside including investment, marketing etc.
Information about the DAO is as follows:
- When DARK TWAP is below 1, buybacks will be initiated by the DAO. These will be done at a time decided by the core team and not publicized until after the protocol is back in expansion to prevent front running.
- When DARK TWAP is extremely high, the DAO will sell some DARK to help assist bringing back to peg and prepare its reserves for buybacks below 1.
- The DAO fund will hold a range of assets at the discretion of the core team
- The fund may or may not invest in safe projects to earn yield and grow itself at the discretion of the team.
Last modified 1yr ago