The advocates for progressive technologization argue that cryptocurrency is the future of how finances should be managed. They believe in its innovative potential. Cryptocurrency has this innovative potential because of the genuinely creative ways in which it can be used. DAO Maker is one of those companies that has employed this creativity by becoming a crypto-VC (Venture-Capitalist).
Investing is a dangerous business. One can never know whether a business will fail or become a success. But DAO Maker comes forward with a novel model that entails low-risk frameworks. Through this cheap participation by everyone across the world, innovation shall pave way for further innovation.
The developers behind DAO are looking to target the personal finance market. The retail market remains relatively untouched, especially in the field of Venture Capitalism. The platform of DAO maker plans to have tiered levels of risk which is going to have:
- Standard Offerings for unprotected capital issuance, aimed at investors with a high-risk tolerance.
- Strong Holder Offerings are refundable for public sales of tokens that have completed a confidential phase.
- Venture Bonds offer near-zero risk but lower returns.
- Dynamic Equity for managing risk with retaining the majority of the gain.
There are many projects that are at work for DAO. One is the Hubble Protocol which is a fee-sharing decentralized finance (Defi) protocol built on Solana that is to release soon and is currently gaining contribution. Another is the play-to-earn game, Spellfire, which is a card game where cards are going to be Non-fungible Tokens (NFTs). Similarly, there are many more projects.
As far as security is concerned, DAO has been audited by both CertIK and Hacken. The Code Audit Report of CertIK has resulted in no major issues. The Hacken report also puts DAO at a secured position which was conducted in March 2021. The Hacken audit resulted in 3 high, 4 medium, and 1 informational issue the audit.
Current Price Movement – DAO Maker
At the time when this article is being put down into words, the current value of the 280th ranked coin, DAO is $2.73 with a trading volume of $8,010,932, a 36.97% decrease over the past twenty-four hours. Over the past month, DAO has sustained quite the losses due to the constant fall of the market as a whole. So the bearish momentum is expected to continue. But some projection for the coin has been positive. Digital Coin Price expects the price to rise by $3.9 by the end of the year and reach $4.48 by the end of 2023.
