What is DAO Maker?
The DAO Maker token or DAO is the native token of the DAO Maker platform. The latter is a blockchain-based crowdfunding project deployed on Ethereum.
DAO serves as a governance token. This means that DAO holders hold power over the future development of the DAO Maker platform.
There is a max cap of 312,000,000 DAO Maker tokens which makes the supply deflationary. While the number of tokens is huge, there's a possibility that the DAO price will grow as there are fewer tokens to go around.
The DAO Maker tokens have been allocated as follows:
- 27.3% - Private Sale;
- 20.6% - Core Team;
- 11.1% - DAO Foundation;
- 11.1% - Customer Incentives;
- 10% - Ecosystem;
- 7.8% - Foundation;
- 7.8% - Merger and Acquisition;
- 3.9% - Advisors;
- 0.4% - Public Sale.
DAO was issued via a Dynamic Coin Offering (DYCO). The project has been hosting DYCO events since 2020 in which it has managed to raise more than 8,000,000 US Dollars.
It’s important to keep in mind that DAO Maker coins can only be purchased with ETH.
You can have a more in-depth look at the DAO price history or the current DAO Maker price on the graph above.
What are the Main Features of DAO Maker?
DAO Maker is a blockchain-based token launchpad that facilitates project incubation and provides a unique solution to early-stage ventures. To put it simply, it’s a type of launchpad for blockchain-based projects.
Most importantly, DAO Maker isn’t just a fundraising platform. It serves as a one-stop shop for all things tokenized startups. Besides fundraising, this includes marketing and community-building solutions.
Firstly, DAO Maker provides a wide range of services needed for launching a project. Some of them include marketing services like Search Engine Optimization (SEO) marketing, PPC, influencer marketing, and many more.
Secondly, community building is a major aspect of the DAO Maker project. There are many benefits of having a strong community backing your project. Therefore, DAO Maker provides all of the necessary tools needed to build and maintain a community. This includes the creation of quality content both related to education and entertainment.
DAO Maker token sales operate using a Strong Holder Offering (SHO) framework. DAO Maker started launching them in early 2021. During this time, the project managed to raise over 29,000,000 US Dollars.
Public SHOs are another integral part of the DAO Maker platform. They are a type of fundraising that allows anyone who holds tokens worth at least 2,500 US Dollars. It’s important to note that DAO Maker is the first platform to launch public SHOs.
As discussed in the What is DAO Maker section, the DAO Maker platform is deployed on the Ethereum network.
In addition, there is a strong community attached to the DAO Maker.
DAO Maker provides a variety of community-centered solutions that facilitate the growth of a specific project and its community. They include:
- dTeams - a blockchain-based solution for tokenized startups and equity-funded projects. It’s based on a subscription model;
- Social Mining - is a Software-as-a-Service (SaaS) solution that assists crypto startups in the creation of community ecosystems. Social Mining enables the development of community-driven Decentralized Autonomous Organizations (DAOs) and Hubs. This solution incentivizes community members to be part of the expansion of the project;
- YieldShield - a tool to reduce costs and risks related to yield farming. This is done by allowing users to keep their tokens instead of locking them into the liquidity mining smart contract. Chain Analysis tools ensure that the users have the necessary amount of tokens as well as that the rewards are available. Additionally, YieldShield comes with an integrated liquidity lock mechanism.
One of the primary goals of the project is to provide a global platform for raising funds targeted at crowd equity and token projects.
Projects under the DAO Maker umbrella have been audited and are publicly available for review. These projects include stablecoin farms, a vesting/claiming portal, and a venture yield smart contract that’s used for staking.
Who Developed DAO Maker?
The idea behind the DAO Maker crypto project was born in 2017, however, the project itself was launched in 2018. It's a blockchain-based advertising company located in the British Virgin Islands.
Its co-founders are entrepreneurs Christoph Zaknun and Hatu Sheikh.
Christoph Zaknun is the CEO of DAO Maker responsible for risk management. He holds a Doctor of Medicine (MD) degree from Charles University and a Bachelor’s degree from the University of Applied Sciences in Vienna. Prior to the launch of DAO Maker, Zaknun worked in the medical field and was a sergeant in the Austrian Army.
Hassan Hatu Sheikh serves as the CMO of the DAO Maker project overseeing content and design teams. He went to Stony Brook University where he earned his Bachelor’s degree in finance and entered the world of crypto in early 2018.
Both Christoph Zaknun and Hatu Sheikh were part of Initial Coin Offerings where they raised 100,000,000 and 65,000,000 US Dollars respectively prior to the launch of DAO Maker. In fact, they met at ICO Dog.
The duo was later joined by Nicholas Pelecanos who is now the CFO at DAO Maker mainly responsible for trading-related matters. Nicholas has been in the world of crypto since 2015 - his journey began when he founded a crypto-based investment club called QUTTIC. He holds a Bachelor’s degree in finance and civil engineering.
The executive team also consists of Giorgio Marciano and Malte Christensen.
Giorgio Marciano is a level-headed IT engineer with more than 15 years of experience. He serves as the CTO of the DAO Maker project where he’s responsible for the technology development and expansion. Giorgio has co-founded three other companies including Biofarm, Nserta, and Connexway.
Malte Christensen has been in the crypto space since 2014. He is the COO and Head of Business Development at DAO Maker. Prior to joining DAO Maker, Malte Christensen worked at blockchain-based companies - FCH Network and Crowdholding.
Don't forget to check out the DAO price on the graph above before you make any final decisions about the project.
