First, you need to familiarize yourself with the concept of decentralization. Decentralized finance - DeFi - is an umbrella term for a variety of cryptocurrency or blockchain-based financial applications aimed at disrupting financial intermediaries. Some of the most popular DeFi projects on the blockchain consist of decentralized exchanges - DEXs, asset management, derivatives and lending protocols. —
GaiaDAO DeFi is a decentralized autonomous organization (DAO) that aims to create an ecosystem of prominent DeFi products on the BSC blockchain while supporting environmental and philanthropic organizations. In Greek mythology, Gaia (/Γαῖα; from Ancient Greek meaning "land" or "earth") is the personification of the Earth and one of the Greek primordial deities. Gaia is seen as the ancestral mother of all life. GaiaDAO wanted a name that would represent their commitment to bringing meaningful change to the planet, while reflecting on how GaiaDAO values community.
GaiaDAO vision: Token holders vote on all aspects of the project - including the protocol's future development path. As a result, the community will decide on marketing decisions, protocol parameters, future tokens and any smart contract changes. This includes any subsequent projects built by the DAO as well as which organizations Gaia will support. Some potential future platforms built on Gaia may include, but are not limited to, yield farming, staking, and lending. These products will be decided upon by the community and its members will be able to participate in their development, making the project truly autonomous.
$GAIA token: The token is intended to determine the protocol’s direction as well as to choose which environmental or philanthropic organizations to support. Gaia may develop further utility in the near future dependent on the products the community decides to pursue.
Initial Supply: 100,000,000
Address: 0x25Be9E26Db60B1A3d1f7fa21679385dF076Af7FB Token Distribution:
Token distribution was made in the following way:
35% ILO - Large scale $GAIA token distribution through an ILO on [Dx sale] platform. This will mark the birth of the Gaia community. 70% of the BNB acquired during the ILO will be paired with $GAIA and locked in liquidity to ensure the longevity of the project. The remaining BNB will be used for operations and development. In the case that any tokens are not acquired during the ILO, they will be burnt.
22% Locked-Liquidity - Percentage added as liquidity to PancakeSwap. These tokens are paired with BNB obtained from the token ILO. LP tokens will be locked for a 6 month period to avoid liquidity issues and rugpulls.
20% Operations and Development - Reserves to finance the future development of Gaia, including DeFi products and an NFT marketplace.
15% Marketing - Funds used to promote Gaia, run contests and giveaways.
8% Founding team - Founder governance provided upon launch and locked for a one-month period.
GaiaDAO is a decentralized autonomous organisation committed to developing DeFi products chosen by its community. The mission is to leverage the scale of decentralized finance to create exponential positive environmental impact. While GaiaDAO recognizes the importance of developing strong DeFi products to benefit our community, they believe everyone has a responsibility to support positive change on Planet Earth. We all have a responsibility to ensure the needs of future generations are met and that Earth can continue to support life.
Be sure to subscribe to GaiaDAO social networks to follow the impact of the project and the further development of the $GAIA token.
Release ID: 89025416