Capital DAO Protocol, a project that aims for the next path of venture capital launches the first decentralized venture capital using DAO for MultiChain. The Capital DAO protocol is developed based on the Web 3.0 philosophy. Although they are an anonymous team, they have over 5 years of experience developing and investing in the blockchain industry.
What is the Capital DAO protocol?
Capital DAO Protocol is a project that aims for the next way of venture capital using decentralized autonomous organizations. Currently, there is a lot of focus on the use of blockchain and cryptocurrency around the world. It is no exaggeration to say that Web 3.0 has become the norm and is starting to take hold in all areas.
However, Venture Capital was unable to establish a Web 3.0 style. Amid this shift from Web 2.0 to Web 3.0, Capital DAO Protocol’s vision is to create a new established VC mode. Since Venture Capital’s business model begins with investing in new, next-gen projects, Capital DAO Protocol may initially struggle with the transition to Web 3.0. However, their vision and challenges are to build a new business model.
The Capital DAO protocol aims to disrupt venture capital 2.0 and the venture capital 3.0 paradigm.
The Capital DAO protocol connects promising future projects with the maximization of incentives from investors present in the community. There are many incubators in the cryptocurrency community, and they use their Launchpad to implement project IDOs.
The Capital DAO protocol is different from others because it is natural for an incubator to provide medium and long term project support. Their mission is to connect projects to the community and nurture the community, which is what they should focus on the most. They also believe that it is necessary to raise the level of knowledge of the users who participate as a community.
Capital DAO Protocol aims to work as DAO as next-generation VC in the future. They believe that it is essential to create a higher level of the community of investors and the project.
Token sale method
There are a multitude of methods for Capital DAO Protocol token sales. By using different formats for different projects, users can have a flexible token sale and distribute tokens based on project demands.
The different methods allow users to participate in IDO other than with a platform token. Capital DAO Protocol believes that many IoT platforms are problematic because they favor whales too much. Therefore, this structure ensures that general investors can participate publicly and have fair access to IDO.
Capital DAO Protocol is more than just a fundraising Launchpad platform. They provide support from the initial phase to ensure the sustainability of health and development projects. They create an opportunity for more projects to grow, not just those being incubated led by Capital DAO Protocol.
Capital DAO Protocol is a community organization that encompasses many KOLs (influencers, engineers, business developers, designers, marketers, etc.). They help users succeed by connecting their projects to KOLs and facilitating development and marketing.
KOLs will receive the reward for their contributions to the project and SEEDs for the allocation of tokens via an IDO. These incentives amplify KOLs’ motivation to contribute.
To enable P2P communication as much as possible, they will conduct essential communications individually. However, since there is a possibility of non-payment or breach of contract when it comes to distributing the rewards, the DAO Worker platform will use an escrow managed by smart contracts to enable a secure and transparent exchange.
They held a fundraiser in September 2021. After deducting marketing fees and the initial liquidity provided in the token sale, Capital DAO Protocol managed to raise $8,732,979.63 at market price that day. .
The budget for the Investment Fund is $5,239,787.78, or 60% of the total amount collected after subtracting 20% for operating costs and 20% for system development.
As of February 2022, Capital DAO has the following tokens managed through a multi-signature wallet.
- 23 ETH
- USD 39,801.17
- 00028991 CDS/ETH (UniSwapLP)
IoT platforms that implement the traditional Launchpad only have the utility of the IoT stake in their tokens. As these only have one type of token, the rate of return for users will be low as the market turns into a bear market. Then the value as a token will also decrease. Moreover, the moment the IoT boom ends, the price of the token tends to crash.
Capital DAO will issue three types of tokens: Capital DAO Starter Token (Ticker: CDS), Capital DAO Token (Ticker: CPDT) and Capital DAO Profit Token (Ticker: CPDP), which will allow users to enjoy the benefits of the project .
The Capital DAO Starter provides not only a simple IDO participation fee but also a LaunchPool mechanism.
- Build a VC 3.0 managed by DAO members
- Provide a fair IoT platform to users
- Provide a “DAO Worker” to boost participating DAOs and project users.
They will have the CPDT token sale in April, followed by a new method of sale, and they will support multiple chains in the future. They plan to release DAO Worker later this year.
- Beta launch of Capital DAO Starter
- Launch of V2 Yield Farming/Staking
- First round of financing with Capital DAO Starter($CPDT)
- Launch of V3 Yield Farming/Staking
- Capital DAO protocol multi-chain support will be supported by Astar Network
- The seed sales program will be launched
- Launching the fully functional DAO
- Launch of V4 Yield Farming / Staking (earn $CPDP by Single Staking CPDT and Yield Farming CPDT/ETH LP).
- Capital DAO protocol multi-chain support will be supported by BNB Chain & SOLANA
- Launch of DAO Worker
To learn more about the Capital DAO protocol, visit www.capital-dao.io
Contact person: Zumi
Company: CPDAO Investment Limited
Email: [email protected]
Country: British Virgin Islands
Source: Capital DAO