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DarkCrypto
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PROTOCOL & MECHANISMS
HOW-TOS
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DAO Fund
The Community Fund Managed by DarkCrypto Core Team.
DAO Wallet Address
1
DAO Fund address: 0x090389b8edb165ec66001e1d8852fabcb35f3f9c
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Functions of DarkCrypto DAO
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 2mo ago
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