DAO Maker

What is DAO Maker (DAO)?

DAO Maker brings next-generation digital financial solutions to the masses, redefining venture capital and fundraising for tokenized startups.

The products offered by DAO Maker allow token holders to participate in early-stage token sales that aren’t usually made available to retail investors. These lucrative early investment opportunities are usually reserved for institutions called venture capitalists in TradFi, but DAO Maker changes all that.

Not to be confused with decentralized stablecoin steward Maker DAO, DAO Maker is well known for creating SaaS solutions for fledgling projects and has already powered the launch of My Neighbor Alice (ALICE), Orion Protocol (ORN), and Infinity Pad (IPAD) among others.

When was DAO Maker Launched?

DAO Maker as a company was conceived in 2017 and earned over $30 million in revenue in 2021 from technology product offerings, consulting, incubation, and enterprise offerings.

Who are the Founders of DAO Maker?

DAO Maker was founded by Chris Zaknun and Hatu Sheikh. Zaknun is also the CEO of the company behind DAO Maker and created ICO Dog, a platform for investing in pre-sales. Zaknun’s success with ICO Dog led to his collaboration with Sheikh, who had been in the marketing agency business.

How Does DAO Maker Work?

DAO Maker isn’t just a launchpad, but the DAO Launchpad is its flagship product and serves as its raison d’etre. Through the DAO Launchpad, DAO token holders can access DAO Maker incubation projects, top-tier sales, and NFT projects well before they hit the wider market.

The DAO Launchpad features both Public SHOs (Strong Holders Offering) and Private SHOs. Public SHOs allow anyone with more than $500 worth of tokens in their wallets to participate, while Private SHOs have a rather more stringent list of requirements.

To begin with, users have to create an account on the DAO Maker website and pass KYC. While this means DAO Maker is far from permissionless and open as a platform, it does create an element of regulatory safety.

Then, users have to either stake a minimum of 250 DAO tokens or hold LP tokens from the DAO/USDC liquidity pool. While steep, this minimum level of 250 DAO tokens is considered a “Tier 0” stake, with users who stake more DAO tokens receiving a “DAO Power Bonus.”

This effectively means that users who stake at higher tier thresholds have the weight of their stakes increased by certain multiples. Tier 1 begins at 2000 DAO staked and gives a 5% bonus, which means a user who stakes exactly 2000 DAO has a DAO Power of 2000 x 105%, or 2100. A staker of 1999 DAO only has a DAO Power of 1999 since Tier 0 doesn’t receive a multiple.

The Private SHO staking tiers set the weight strongly towards “whales,” and its tiers are also quite steep. Each tier receives a 5% increase in bonus multiple, with Tier 2 ranging from 4000-9999 DAO, Tier 3 from 10,000-24,999, Tier 4 extending to 49,999, Tier 5 to 99,999, and Tier 6 capping out at 200,000 DAO with a 30% bonus.

DAO Power defines a user’s guaranteed allocation and maximum deposit limit, which extends to four times their DAO Power.

What makes DAO Maker Unique?

Beyond the DAO Launchpad for retail clients, DAO Maker is also considered a complete crowdfunding solution for blockchain startups and enterprise clients. It provides an entire suite of modern marketing services, community management, and even token architecture.

It also offers DeFi (Decentralized Finance) options, allowing users to stake tokens on yield farms and claim tokens from many projects. It even features a native decentralized exchange called DAO Swap.

How is the DAO Maker Network Secured?

The smart contract used for staking on DAO Maker has been audited by five companies, including Certik, Hacken, and PeckShield. Its code has also been reviewed by Muon and Marnotaur. All audits and reviews are publicly available on the DAO Maker website.

For its ledger of transactions, accounts, and the security of the DAO token, DAO Maker relies on Ethereum. This makes DAO Maker yet another of the many blockchain-based projects that make up the Ethereum ecosystem, leveraging its vaunted proof-of-stake consensus.

The DAO token is also available on the Binance Smart Chain, and the DAO Swap platform provides an easy way to buy DAO tokens on BSC using the popular BUSD stablecoin.

What is the Use of DAO?

DAO is the native utility token of the DAO Maker project. It is used to participate in token sales on DAO Pad and can be staked in DAO Maker vaults to earn yield. It is also central to the community governance of the DAO Maker organization itself.

How Much DAO is In Circulation?

The ERC-20 DAO token has a maximum supply of 312 million, with over 143 million in circulation.

How Do You Buy DAO?

The DAO token is easy to acquire on both Ethereum and BSC, two of the blockchains with the biggest DeFi ecosystems and plenty of options when it comes to decentralized exchanges. DAO Swap itself is a fantastic option on BSC unless you’d rather use PancakeSwap, and Uniswap is the universal go-to on Ethereum.

How Do You Store DAO?

Metamask is the most popular option to store the DAO token since it can connect to both the Ethereum and BSC blockchains. However, any Ethereum-compatible wallet will do in a pinch for ERC-20 DAO, making it very easy to store and stake on the DAO Maker platform.

Is DAO a Good Investment?

DAO Maker plays a vital role in the incubation of blockchain-based startups, providing a complete suite of solutions in addition to the vital funding that many of these projects need to get off the ground.

What’s crucial is that DAO Maker democratizes this service by offering ordinary retail investors a chance to get in on the ground floor. Venture Capital firms are often viewed with suspicion regarding the price movement of assets, and many have long been suspected of taking advantage of retail when it comes to their early access to exciting projects.

Even though its tier system is weighted in a way that mainly rewards users with significant locked-up capital, DAO Maker levels the playing field just a little bit.