What is DAO Maker (DAO)?
DAO Maker is a platform that is revolutionizing funding for startups that have a token that powers their product. DAO aims at making venture capital simple for startups by bridging the gap between retail investors and tokenized startups. DAO Maker was conceptualized in 2017. DAO Maker helps token holders to participate in early-stage crypto-based startups. This in turn helps startups to help acquire scalability and offer ownership to contributors through a decentralized autonomous organization.
Who are the founders of DAO Maker?
DAO Maker was launched by Christoph Zaknun and Hatu Sheikh. Christoph Zaknun holds a degree in Medicine and Robotics. He started his career as an Assistant Neurological Head Trauma in Children in the Hospital of the Austrian city Salzburg. Later, he was intrigued with the processes of IDOs and ICOs and went on to create DAO Maker to truly decentralize the process of funding a token based start-up with mass funding.
Zaknun learned a great deal from investing into crypto assets and made some profits from Bitcoin Cash (BCH).
Hatu Sheikh, the co-founder of DAO Maker, joined the crypto and blockchain space in 2016. He was the co-manager of a $3.4M county budget in Long Island. Hatu managed marketing for clients like AmaZix and Block72. In 2019, he worked on a few crypto wallets, and advanced web3 projects. In 2020, he became the co-founder of DAO Maker alongside Zaknun.
Nicholas Pelecanos, joined DAO Maker to manage the market-making services. Before joining the firm as a CFO, he formulated a student club called ‘QUTTIC’ that focused on trading and investing. By 2017, Pelecanos managed to make QUTTIC the largest student club focused on crypto trading and investments. In 2017, Nicholas launched ‘STIA’ – a crypto trading firm focused on consulting HNW – High Net Worth individuals and firms on primary and secondary crypto transactions. In mid-2021, Nicholas joined DAO Maker as a CFO to advise DAO Maker ecosystem projects on treasury and trading-related operational matters.
How does DAO Maker work?
DAO Maker requires token holders to lock some of their holdings in the vault to be eligible to participate in launches. A user receives DAO power on the number of tokens they lock. Users can participate in different events like strong holder offerings (SHOs), SEED sales or dynamic coin offerings (DYCOs).
Users who hold DAO tokens can stake DAO to earn lucrative yields and swap in lieu of listed tokens on DAO Maker
Key Attributes of DAO Maker
Strong Holder Offerings: Users can participate in SHOs’ to help new crypto projects get fundraising through Maker’s community contribution. This feature helps participants earn better yields on their venture yield dashboards.
Marketing to Masses: DAO Maker helps crypto projects with an array of marketing services like SEO, influencer marketing, guerrilla marketing and paid/ sponsored marketing. In addition to these services Maker also extends exposure for projects by linking them to Key Opinion Leaders in the ecosystem.
Community driven: The platform helps projects grow their reach by linking them to wider audiences to help them build a cult following in the crypto and web3 space. DAO Maker also extends PR and marketing services to these projects to help them reach different communities.
Tokenomics-based projects: DAO Maker is razor focused on project tokenomics to add substantial value to crypto projects. The platform offers SHOs – that define the token metrics of the project – both economic as well as monetary. In addition to community-centric promotional service offerings, Maker allows participants to participate in public launches of crypto projects if they have a deposit of $2500 in their wallet. Both DAO token holders and nonholders can participate in public launches.
How to buy DAO Maker (DAO) in India
- Sign Up for the CoinDCX account: Enter a valid email address and a user name on the sign-up page. Once the Email Id has been verified, set a strong password to secure your account.
- Verify the account: You need to complete your KYC, to buy DAO on the CoinDCX platform. All you need to do is upload the documents and your account will be set up in 15 minutes.
- Buy DAO: After the account has been verified, you can deposit any amount of fiat currency you are comfortable with and start your crypto journey!