This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is DAO Maker?

DAO Maker is a blockchain project launchpad that provides growth technologies and funding frameworks for startups. It offers a range of services, including incubation, operations, and advisory services, as well as social mining, which rewards community members with native tokens. The platform is powered by its native utility token, DAO, which is used for token sales, staking, and community governance. DAO Maker aims to create a globally compliant fundraising platform for both crowdfunding and tokens, focusing on retail venture investing in shares and tokens.

How is DAO Maker used?

DAO Maker (DAO) is a platform that facilitates retail venture investing in startups and projects at an early stage. It provides a suite of services to attract high-quality startups and offers low-risk participation frameworks for retail crypto users. The platform is powered by its native utility token, DAO, which is used for various purposes:

  1. Token Sales: Users must lock up a fixed minimum number of DAO tokens to participate in token sales on the DAO Pad platform. The token is used to fund allocations automatically when a user wins a participation slot.

  2. Staking: DAO tokens can be staked to earn a yield via one of DAO Maker’s vaults.

  3. Governance: The DAO token serves as the governance token, allowing users who hold the token to vote for changes to the DAO Maker ecosystem.

  1. Exclusive Features: The token grants users access to exclusive features on the platform, including discounts and rewards.

  2. Venture Bonds: DAO Maker is introducing a new flagship product known as Venture Bonds, which will allow users to purchase bonds from startups. The funds will be deployed to overcollateralized DeFi and CeFi lending markets to earn a yield, which is then distributed to startups to finance their growth and development.

Overall, DAO Maker aims to create a globally compliant fundraising platform that incorporates pluggable solutions to the problems early-stage ventures face after fundraising, making participation safer for retail users.

How do I store DAO Maker?

To store DAO Maker (DAO) tokens, you can use a reliable cryptocurrency wallet. Here are the steps to follow:

  1. Download a Trust Wallet: You can download the Trust Wallet via Google Play or the iOS App Store. Ensure you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website.

  2. Set up Your Trust Wallet: Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app. Refer to the wallet’s support page for reference. Keep your seed phrase safe and note your wallet address, which you will use later.

  3. Connect Your Wallet to a DEX: Connect your Trust Wallet to a decentralized exchange (DEX) like 1inch. Use your wallet address to complete the connection.

By following these steps, you can securely store your DAO Maker tokens in your Trust Wallet.

How to buy DAO Maker?

To buy DAO Maker (DAO) tokens, you can follow these steps:

  1. Choose a Reliable Exchange:

    • Centralized Exchange (CEX): Find a reliable CEX like Binance, where you can buy DAO Maker. You can refer to Coinmarketcap.com's Markets section to find the list of CEXs where the coin is listed.
    • Decentralized Exchange (DEX): Alternatively, you can use a DEX that supports the blockchain where your DAO Maker is listed. For example, you can use Trust Wallet and connect it to a DEX like 1inch.
  2. Create and Verify Your Account:

    • Kriptomat: Sign up with Google, Apple, or enter your name and email. Verify your email, phone number, and identity to unlock the full potential of the Kriptomat platform.
    • Binance: Register and set up your account on Binance.
    • Bit2Me: Create an account for free, which only takes 30 seconds.
  3. Add Funds:

  • Kriptomat: Make a bank deposit or use your credit card to add funds.
  • Binance: Buy ETH as your base currency and transfer it to your crypto wallet.
  • Bit2Me: Deposit funds by card, transfer, or cash.
  1. Buy DAO Maker:
    • Kriptomat: Click on the Kriptomat icon, select "Buy," choose DAO Maker from the list, enter the amount, preview the transaction, and confirm your purchase.
    • Binance: Connect your Trust Wallet to the DEX, select your ETH as the payment, and select DAO Maker as the coin you want to acquire. If DAO Maker doesn’t appear, find its smart contract address on Etherscan.io and paste it into the DEX.
    • Bit2Me: Enter the desired amount of DAO Maker you wish to purchase, preview the transaction details, and confirm your purchase by clicking the "Buy" button.

Remember to always be cautious of scams and ensure you are using official platforms and contract addresses.

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