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What is AirDAO?

AirDAO (AMB) is a decentralized autonomous organization (DAO) governing a layer-one blockchain and ecosystem of web3 dApps. It aims to promote transparency, collaboration, and innovation in the decentralized finance ecosystem. AMB is the native token, representing a unit of value or ownership within AirDAO, and its holders can benefit from holding tokens. The DAO relies on an engaged, diverse, and dynamic community that shares its vision and values, with a focus on democratizing governance and making crypto accessible for everyone.

How is AirDAO used?

AirDAO (AMB) is the native token of the AirDAO ecosystem. It is used for several purposes within the network:

  • Gas Fees: AMB is used to pay for on-chain gas fees, facilitating transactions within the network.
  • Node Validation: AMB supports node validation, ensuring the security and integrity of the blockchain.
  • Community Governance: AMB is involved in community governance, allowing holders to participate in decision-making processes through voting.

These uses highlight the token's importance in maintaining the functionality and governance of the AirDAO ecosystem.

How do I store AirDAO?

To store AirDAO (AMB) tokens, you have several options:

  1. Exchanges' Wallets: You can store your AirDAO tokens on exchanges like Binance, KuCoin, or Gate.io. This method provides quick access to trading and other services, but it is considered less secure as the exchange holds your private keys.

  2. Non-Custodial Wallets: For greater security, you can withdraw your AirDAO tokens to a non-custodial wallet, such as Trust Wallet or a hardware wallet. This option gives you complete control over your private keys but may be less convenient for frequent trading.

  3. Cold Wallets: If you plan to hold your tokens for the long term, cold wallets are the safest option. They are offline and not connected to the internet, making them less vulnerable to hacking.

  1. AirDAO Wallet App: You can also use the AirDAO Wallet app, available on the App Store, which allows you to manage multiple wallets, send and receive tokens, and track transactions securely.

Each method has its pros and cons, so it is essential to evaluate your needs and preferences before choosing the best storage method for your AirDAO tokens.

How to buy AirDAO?

To buy AirDAO (AMB) tokens, follow these steps:

  1. Create an Account: Register on a centralized exchange (CEX) like Binance, Gate.io, MEXC, Kucoin, ProBit Global, or BitForex. You can sign up via the website or app using your email and mobile number. Verify your identification as required by the exchange.

  2. Choose a Payment Method: Select how you want to buy AirDAO. You can use a credit/debit card, bank deposit, or third-party payment channels. If you are new to the exchange, using a credit/debit card is the easiest option.

  3. Buy a Stablecoin: Purchase a stablecoin like USDT, ETH, or BNB using fiat currency. This will be used to buy AirDAO. Many exchanges support over-the-counter (OTC) trading services for USDT with fiat currencies.

  1. Transfer to an AirDAO-Supporting Exchange: If your initial exchange does not support AirDAO trading, transfer your stablecoin to an exchange that does, such as Binance.

  2. Buy AirDAO: Use your stablecoin to buy AirDAO in the spot market. Confirm your order and fees before finalizing the purchase.

  3. Store or Use Your AirDAO: You can store your AirDAO in your exchange wallet, a personal crypto wallet like Trust Wallet, or use it for trading or staking.

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History of AirDAO

AirDAO (AMB) has a rich history that spans several years. It began in 2017 when Ambrosus, the precursor to AirDAO, entered the crypto industry with a focus on supply chain and IoT applications. Ambrosus launched its blockchain network, AMB-NET, in Q1 2019, which has been operational with zero downtime since then.

In March 2022, the project underwent significant changes, with the goal of expanding its use cases and making it more accessible to the average user. This transformation was referred to as "Ambrosus 3.0" by CEO Lang Mei. The project shifted its focus towards building products for the people, aiming to drive the usage of the AMB token and network forward.

The rebranded AirDAO project emerged, which is a decentralized autonomous organization governing the AMB-NET blockchain and its suite of dApps. AirDAO is designed to provide an integrated suite of digital products and services that simplify the complexities of Web3 for the average consumer. The project includes a dashboard that allows users to access its entire ecosystem of products and dApps through a single interface.

Today, AirDAO continues to grow and evolve, with a strong focus on community governance and the development of new products and services. The AMB token plays a central role in the ecosystem, serving as a medium of exchange, gas for on-chain transactions, and a means of participating in governance and staking activities.

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How AirDAO works

AirDAO (AMB) is a decentralized autonomous organization (DAO) built on a layer one blockchain, which means it operates on its own blockchain rather than relying on another blockchain like Ethereum. This allows for greater control and flexibility in its operations.

Governance and Community

AirDAO is community-governed, meaning that the community of users has a significant say in the direction and development of the project. This is achieved through a decentralized governance system where users can participate in decision-making processes and vote on proposals. The community is incentivized to participate through rewards in the form of AMB tokens, which are the native tokens of the AirDAO ecosystem.

Products and Ecosystem

AirDAO's ecosystem includes a variety of products designed to enhance the user experience and provide tools for decentralized finance (DeFi). One of its core products is FirepotSwap, a decentralized cryptocurrency exchange (DEX) that allows users to trade tokens securely and earn rewards through liquidity pools and yield farming. Additionally, the ecosystem includes a multichain bridge, which enables the transfer of AMB tokens across different blockchains, expanding its reach and interoperability.

Security and Performance

AirDAO's layer one blockchain is designed to be highly secure and efficient, with minimal transaction fees. It supports a large number of validators and has a significant number of holders, indicating a robust and active network. The blockchain is also capable of processing a high volume of transactions, making it suitable for a wide range of applications.

Accessibility and Education

AirDAO aims to make cryptocurrency accessible to everyone by providing educational resources and promoting community engagement. It supports individuals from diverse backgrounds who want to spread the word about the project and its ecosystem. This inclusive approach helps to build a strong and diverse community that drives the project forward.

Sustainability

While AirDAO is primarily focused on DeFi and community governance, it also has a broader vision for sustainability. By incentivizing sustainable practices and partnering with sustainable organizations, AirDAO aims to create a more environmentally and socially responsible ecosystem.

Overall, AirDAO is a comprehensive project that combines community governance, decentralized finance tools, and a focus on sustainability to create a robust and inclusive ecosystem.

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AirDAO's strengths

The token AirDAO (AMB) has several strengths that contribute to its potential success and value. One of its key strengths is its community-driven governance model, which allows for decentralized decision-making and ensures that the community is actively involved in shaping the project's future. This model fosters trust and engagement among users, creating a solid foundation for the ecosystem.

Another significant strength of AirDAO is its versatile ecosystem, which includes a suite of digital products and services designed to simplify the use of Web3 technologies for the average consumer. This integrated approach makes it easier for users to access and benefit from the blockchain and its decentralized applications (dApps).

AirDAO's tokenomics also play a crucial role in its strength. The implementation of elastic block rewards, AMB Bonds, and new staking methods ensures that validator nodes are incentivized to continue providing service as the total value locked (TVL) increases. This dynamic reward system guarantees consistent rewards for stakers and helps maintain the network's security.

Additionally, the max token supply of 6.5 billion AMB tokens, which will be printed at once and locked in designated wallets, ensures long-term sustainability and prevents inflation. This supply is allocated across various categories, including community rewards, investor allocations, team incentives, and ecosystem funding, ensuring a balanced distribution of tokens.

Overall, AirDAO's strengths lie in its community-driven governance, versatile ecosystem, and well-designed tokenomics, which collectively contribute to its potential for growth and adoption.

AirDAO's risks

AirDAO (AMB) is a decentralized autonomous organization (DAO) built on the Ethereum blockchain, aiming to create a more equitable and sustainable travel industry. While it offers a decentralized, transparent, and secure platform, there are financial risks associated with investing in this cryptocurrency.

One of the primary risks is the high volatility inherent in cryptocurrency markets. This volatility can lead to significant price fluctuations, making it challenging for investors to predict the value of their investment. Additionally, the use of high leverage in trading AirDAO (AMB) can magnify these risks, making it essential for investors to exercise extreme caution.

Another risk factor is the potential for market manipulation. The risk gauge rank for AMB, which assesses the coin's susceptibility to price manipulation, indicates that it is currently a low-risk investment. However, this does not eliminate the possibility of manipulation entirely. The gauge is based on factors such as the amount of money required to shift the price over a 24-hour period, recent changes in volume, and market capitalization.

Furthermore, as with any cryptocurrency investment, there is a risk of loss due to market downturns or unforeseen events. It is crucial for investors to thoroughly understand the risks involved and to make informed decisions based on their individual financial goals and risk tolerance.

Overall, while AirDAO (AMB) offers an innovative approach to the travel industry, investors must be aware of the financial risks associated with investing in this cryptocurrency and take necessary precautions to manage those risks effectively.

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Did AirDAO raise funds?

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AirDAO’s team

  • Igor Stadnyk: Blockchain development, council member.
  • Alina Tustanovska: Finance & legal, council member.
  • Sophie Bein Mack: Operations, council member.
  • Lena Kail: Marketing manager.
  • Andrii Moiseienko: Product manager.
  • Seth Duodu: Community manager global, council member.
  • Osho Matthias: UX/UI designer.
  • Michael Grimwood: Community representative, council member.
  • Matthieu Bourlon: Community representative, council member.
  • Alex Yaniuk: Community representative, council member.
  • Oleksii Pyltsov: Community representative, council member.
  • Kirill Beliaev: Content manager.
  • Gustavo Sabino: Finance manager.
  • Lee Nakamoto: Growth hacking and marketing.
  • Davis Tripp: Ecosystem development.
  • Oleksii Dmytrenko: Community representative, council member.
  • Viktoria Volokitina: Product designer.
  • Raymond Ghazal: Marketing assistant.
  • Kateryna Halych: Project Manager.

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