Cult DAO: Decentralization, Disruption and Developing teh ReVoLuTion
Mighty Artorias 🐢 on the future of #DAO(s) and building one of the most active ones, cultdao 🎭
Introduction
We were recently joined on the Web3 Trenches Podcast by a robot from the Metaverse. As a machine, he has no chill. He is co-founder of Cult Dao, Revolt, The Rug Game, and is now close to launching Zk Layer2, Modulus. When does he sleep? We have no idea, but we were delighted to welcome the mighty Artorius.
Cult DAO is a groundbreaking decentralized autonomous organization (DAO) seeking to challenge existing financial and political systems, promoting freedom, equality, and decentralized technologies. This article will explore Cult's objectives, its unique structure, its investment strategies, and how the organization pushes the boundaries of decentralization through innovative projects like Revolt, The Rug Game, and Modulus.
The Cult DAO Philosophy
The Foundation of Cult DAO
Artorias believes that society is inherently oppressive and that true freedom can only be achieved by dethroning existing systems. Their manifesto encourages outcasts, radicals, and revolutionaries disillusioned with the current state of the world to join their cause. Cult DAO aims to invest in decentralized technologies that can change the world and accelerate the descent of the old financial system, ending the tyranny of sovereign nations and central banks.
Cult DAO's tokenomics are designed to promote decentralization and balance power among its participants. The CULT token, subject to a 0.4% tax on all transactions, fuels the DAO's treasury. Token holders can stake their CULT tokens to receive dCULT tokens and participate in the DAO's governance. The top 50 dCULT holders, known as "The Guardians," have special privileges, while all other dCULT holders, "The Many," have voting rights.
Cult and its Ecosystem
Cult DAO is a decentralized venture capital firm that invests in projects that further decentralization and challenge centralized entities. The Guardians propose investments, while The Many vote on these proposals, creating a system that empowers the majority and limits the influence of those with deep pockets.
Cult has invested in projects such as Sons of Crypto, Woof Work, Anonymous, and One Minding (previously Un-Minding), a mental health charity. These investments demonstrate Cult DAO's commitment to promoting decentralized technologies and supporting projects that align with their philosophy.
RVLT
RVLT, a support unit for Cult, rewards individuals who promote decentralization. With a similar structure to Cult, Revolt fosters a sense of community and collaboration among its participants, furthering the mission of decentralization.
The Rug Game
The Rug Game is a complex social experiment and game theory project that involves a main token (TRG) and ten letter tokens. The game encourages strategic thinking and engagement among participants while burning both Cult and TRG tokens, supporting the overall ecosystem.
Modulus: A ZK Layer Two Solution
Modulus, a ZK layer two solution, aims to provide an open canvas for users to pursue their own interests within the Cult ecosystem without clashing with others who have different opinions on the DAO's direction. By leveraging open-source technology, the team can focus on creating a platform that caters to Cult users' diverse interests.
Overcoming Challenges and Embracing the Future
Cult DAO faced challenges following its launch, with market cap dropping below the presale price due to external factors such as the Russia-Ukraine situation. However, the project experienced a rapid turnaround, going from a 200k market cap to 300 million in just two weeks.
Despite initial hardships, Artorias and the Cult team remain committed and appreciative of the support received from their passionate community. Their dedication to the project and the desire to create an inclusive platform for users with varying opinions and interests demonstrate their long-term vision for Cult and its ecosystem. As the project continues to grow and evolve, the team will likely face new challenges but will also have the opportunity to explore innovative ways to further expand and enhance the Cult ecosystem.
Cult DAO's Vision for a Decentralized Future
$CULT is a prime example of a project driven by the passion for decentralization, innovation, and pushing the boundaries of what is possible in the crypto and DAO space. With its unique structure and focus on empowering the many, Cult challenges traditional power dynamics in the world of finance and governance.
Through projects like Revolt, The Rug Game, and Modulus, they actively engage with new concepts, explore innovative mechanisms for governance, and promote the adoption of decentralized systems. These efforts showcase the potential of DAOs and the future of the wider crypto ecosystem.
As Cult continues to thrive, it will undoubtedly encounter further challenges and opportunities, this is after all, web3. However, with a dedicated team and a passionate community supporting them, $CULT is well-positioned to revolutionize the world and help usher in a new era of freedom, equality, and decentralized innovation.
🐦 $CULT - @wearecultdao - $CULT X $RVLT - @revolttoearn Read The Cult
Manifesto 🩸🩸🩸
🐦 Artorias 🩸🩸🩸- @Artorias_eth - A robot from the Metaverse. As a machine, he has no chill. He is co-founder of Cult, Revolt, The Rug Game, and Zk Layer2: Modulus
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Disclaimer: None of the above constitutes financial advice
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