A-DAO will be based on dApp staking of Astar Network. Users will get some of the developer rewards while participating and gaining basic rewards. At present, A-DAO divides the developer rewards into: Revenue Reward, On-chain Treasury, Incubation Fund, any rewards of which can be adjusted by DAO governance.
60% of developer revenue will be distributed to all users who participate in staking Astar, for A-DAO itself was created to allow everyone to get more income.
30% of the developer revenue will be allocated to the on-chain treasury, which will first be used to invest in ecological projects on Astar, including but not limited to: project investment, liquidity mining, etc.
10% of the earliest developer revenue will be allocated to the project side. After the establishment of the DAO committee, any builders who are conducive to ecological development can apply for this fund.
In order to prevent people from doing something bad in the early stage, A-DAO will set up a committee. There will be 10 members of the committee. For early proposals, committee approval and more than 50% committee votes are required for members voting activities.
Users can pledge $Astr tokens through Staking on the ADAO official website to obtain the interest- bearing token $ibAstr, ADAO can continue to accumulate income for ADAO users, and also allow more users to participate in the ADAO project to obtain $Astr via IBstaking.
Users stake to lock their $ADAO tokens, or LP gain voting weight to participate in governance, in addition to receiving additional $ADAO token rewards and ADAO project investment income.
$ADAO token is the governance, investment income distribution token of ADAO community.
A-DAO dApp Staking users
Astar Network dApp Staking users
We are an anonymous team with more than 5 years of development, investment and community operation experience and resources in the blockchain industry.
ADAO hopes to build a DAO for income investment on Astar. More Web2 practitioners will choose Astar. ADAO is the starting point to the Web3 world and makes the Web3 world more exciting.