United Kingdom - October 17, 2022 —
DAOWhale offers cryptocurrency investors a new way to enter the market with a unique decentralized autonomous organization (DAO) driven by the community it serves. Ambitious business founders pitch ideas to the “Whale Tank” to seek investment, exposure, and the resources necessary to make their dreams into reality.
DAOWhale was created for the users, offering the control to propose and vote on the strategic investment ventures which will be used to shape the future of the crypto space, founders said. Investors who purchase $WAO tokens contribute to the DAOWhale treasury and access early finance opportunities in promising entrepreneurship projects.
“Our vision is to use the power of Web3.0 to bridge opportunity for founders, investors, and builders by providing funding, a platform, and resources we all need to build a better tomorrow and have a real, meaningful voice in our collective future,” DAOWhale founders said.
The DAOWhale treasury is founded through a three percent buy and sell tax alongside a vested token allocation. Similar to “Shark Tank,” those seeking investment and resources pitch their ideas to the “Whale Tank,” and chosen projects are founded through the DAOWhale treasury. Profits will be distributed among token holders, rewarding the community and growing the treasury.
“Token holders can effortlessly create and support new projects across all borders and participate in transparent, flexible, and fair financing rounds regardless of their economic background,” DAOWhale representatives said.
Decentralized venture capital
DAOWhale founders said the startup industry is primarily led by venture capitalists and institutional investors able to leverage their capital, network, connections, experience, and brand to make lucrative deals and earn a substantial return on investment (ROI).
“The majority of those deals are conducted in a closed and private environment. Retail investors don't typically have access to these kinds of deals,” founders said. “Our solution to create an open and inclusive competitive environment—the decentralized venture capital concept.”
Often the obstacles to traditional venture capitalism prevent smaller investors from becoming involved and negotiating more favorable terms. With the DAOWhale protocol, investors gain access to strategic investment opportunities.
“DAOWhale aims to change the structure of shady behind-closed-door investment deals to an open and more competitive deal structure that takes place on the blockchain. This will drastically shake up the startup industry,” representatives said.
Introducing the Whale Tank
DAOWhale offers investments in the cryptocurrency industry in a model similar to “Shark Tank,” where motivated creators pitch concepts to the “Whale Tank.” DAOWhale stakeholders vote on projects and fund those selected, sharing the profits among token holders.
“The more you stake, the more you make.”
Projects proposed and voted upon using the DAOWhale protocol will be funded by the treasury. Overall profits are distributed relatively based on the holder’s staked tokens. All $WAO token holders can propose and vote on investment ideas using the dApp connected to their wallets.
Conclusion
DAOWhale strives to make decentralized venture capitalism the standard, offering more control to both founders and investors to shape the future of cryptocurrency. To learn more, visit the website, Telegram portal, or reach out on social media at Twitter.
Contact Info:
Name: James Sanger
Email: Send Email
Organization: DAOWhale
Address: United Kingdom
Website: https://daowhale.live/
Release ID: 89083182
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