How 420 DAO is Giving a 360 Experience in Blockchain Investing

How 420 DAO is Giving a 360 Experience in Blockchain Investing Venture capital has, for years, been an exclusive world governed by billion-dollar corporations and heavily gatekept. However, even the world of venture capital has been given blockchain treatment in the last decade, with the rise of tokenization and blockchain-based venture capital initiatives. One of such initiatives is DAO venture capital, which leverages Decentralized Autonomous Organizations to make venture capital investments. Despite the innovation of such a concept, there have been pitfalls along the way, mainly in terms of operations capabilities. This issue and more are taken head-on, however, by a new project called 420 DAO. What is 420 DAO? Despite what the name might suggest, 420 DAO isn’t merely a DAO venture capital fund. It is also an organization that fulfills three major functions: building decentralized applications (dApps), investing in worthwhile crypto projects, and governing its own ecosystem. 420 DAO is also tackling the age-old issue of operational capabilities of DAO funds through what it calls its operational budget. This budget is just one part of 420 DAO’s financial setup, which has its native 420 token at its center. How this works is that users buy the token and can then stake it for rewards. These include traditional staking rewards and harmonial rewards from whenever another staker decides to leave. The staking reward is 220,000 divided among the stakers according to the staking ratio. Tokens also serve the purpose of acting as membership access as well as securing voting rights which is a major component of DAOs. The value of the 420 tokens is, naturally, tied to the assets that are being invested in by 420 DAO. The 420 DAO tokens will be made available to users through daily auctions which begin in February 2022. The price of the tokens will depend on the supply on each auction day, though more tokens can be gotten through staking. The auctions will be held on 420 DAO’s app, which will be launched in February 2022. Continue reading on CoinQuora Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

How 420 DAO is Giving a 360 Experience in Blockchain Investing
How 420 DAO is Giving a 360 Experience in Blockchain InvestingHow 420 DAO is Giving a 360 Experience in Blockchain Investing

Venture capital has, for years, been an exclusive world governed by billion-dollar corporations and heavily gatekept. However, even the world of venture capital has been given blockchain treatment in the last decade, with the rise of tokenization and blockchain-based venture capital initiatives.

One of such initiatives is DAO venture capital, which leverages Decentralized Autonomous Organizations to make venture capital investments. Despite the innovation of such a concept, there have been pitfalls along the way, mainly in terms of operations capabilities.

This issue and more are taken head-on, however, by a new project called 420 DAO.

What is 420 DAO?

Despite what the name might suggest, 420 DAO isn’t merely a DAO venture capital fund. It is also an organization that fulfills three major functions: building decentralized applications (dApps), investing in worthwhile crypto projects, and governing its own ecosystem.

420 DAO is also tackling the age-old issue of operational capabilities of DAO funds through what it calls its operational budget. This budget is just one part of 420 DAO’s financial setup, which has its native 420 token at its center.

How this works is that users buy the token and can then stake it for rewards. These include traditional staking rewards and harmonial rewards from whenever another staker decides to leave. The staking reward is 220,000 divided among the stakers according to the staking ratio.

Tokens also serve the purpose of acting as membership access as well as securing voting rights which is a major component of DAOs. The value of the 420 tokens is, naturally, tied to the assets that are being invested in by 420 DAO. The 420 DAO tokens will be made available to users through daily auctions which begin in February 2022. The price of the tokens will depend on the supply on each auction day, though more tokens can be gotten through staking. The auctions will be held on 420 DAO’s app, which will be launched in February 2022.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.