The Fairest Launch Ever: humanDAO (HDAO) Token Launches December 1st, 2021
Read more about launch in humanDAO’s exclusive launch announcement on the Defiant.
On the back of humanDAO’s massive growth to over 16,000 members, all with $0 capital raised from VCs and $0 in token private-sales, we are very excited to announce the next phase of our mission. At humanDAO we are setting out to create a public good. Our mission is purposefully broad, and yet very clear: improve lives through crypto. Over 2 billion people in underserved communities live on less than $5/day. humanDAO is creating opportunities in crypto for those underserved communities to earn 2–10x that. All while creating profound, new revenue streams for our community and investors. HDAO is a governance token acting as a gateway to the metaverse, functioning like a metaverse index and a jobs board. Some key points:
The humanDAO allows for multiple revenue streams (lending, renting, and selling) geared towards growth in the metaverse and beyond.
HDAO is attractive to investors seeking uncorrelated returns within the metaverse, functioning like a metaverse index.
HDAO holders manage assets in the treasury, giving the community a say in how it’s handled. Treasury will diversify and utilize DeFi protocols to enhance treasury yield and returns.
Utilization of a subDAO structure allows for multiple revenue streams ranging from different P2E games to future opportunities outside of gaming.
As assets under management grow and these virtual economies expand over time, so will the value of HDAO.
humanDAO is a Public Good
Put simply, HumanDAO uses blockchain technology to safely and securely connect people with assets to those without. It’s the ultimate win-win. The rise of blockchain gaming and the metaverse has unlocked new gaming models like play-to-earn (P2E). Through our scholarship program, humanDAO is already lending 100’s of digital assets to our community of over 16,000 gamers. This enables them to earn living wages from P2E games as well as creating a lucrative revenue stream for the DAO. Because most of the fast-growing P2E community are new to crypto, humanDAO incentivizes our new members with equity (tokens) to learn how to use crypto through its education program. By providing education and equity to our members, humanDAO is uniquely positioned to help our members capitalize on new opportunities that arise in crypto and create new revenue streams for our community.
Given humanDAO’s focus on being a public good, we have structured the DAO to ensure our ability to create long term social impact. This includes:
55% of issued tokens go directly to the community to ensure true community ownership. Compare that to 20–30% for comparable DAOs.
10 year vesting contract for the community allotment to ensure participation opportunities are still available for future underserved communities. Compared to 2–4 years of total supply hitting the market in comparable DAOs.
Absolutely no private sales of tokens pre-launch (no privileged investors or VCs), instead going to the community. Compare that to 10–30% of token supplies for other DAOs.
DAO assets controlled by a multi-signature of diverse and reputable builders/advisors outside of humanDAO from BanklessDAO, Enzyme, Defi Dad, LexDAO and Rabbit Hole. Compared to just the founders and VC’s for other DAOs.
The Fairest Launch Ever
As humanDAO moves to scale our community and formalize governance, we’re excited to announce the launch of our native ERC-20 token HDAO. Five percent (50,000,000) of all tokens will be available for distribution during the token launch event which takes place on December 1st, 2021. You can read about our unique Tokenomics here.
We are setting out to make this event the “the fairest launch ever.” humanDAO has done absolutely $0 in private sales of tokens. There will be no front-running by bots/whales as we will utilize a fair launch mechanism with the use of a Dutch auction enabling a fair market value to be discovered and ensure wider participation. We are finalizing which platform we will utilize for the launch. These details will be announced very soon (subscribe to humanDAO newsletter and follow @humanDAO on Twitter).
Public Launch Bonuses: 20% Reward & Early Adopter NFT
At humanDAO, we also want to reward early adopters who are helping bootstrap this mission. We are allocating what would have gone to private sale/VCs as a better rewards program then most crypto projects through generous launch and staking rewards. 11,000,000 tokens (2% of total community tokens) are being allocated to reward public launch participants and early members and contributors:
10m tokens will be used in a 20% rewards bonus program for participating in the public launch. Ex. If you purchase 100 tokens, you will receive 20 bonus tokens.
1m tokens will be distributed to early community members and contributors. Any unclaimed tokens will go back to the community allocation or treasury.
We are also setting up an Early Adopter NFT for those participating in the token launch. The NFT will be airdropped or claimed to all participants and will unlock perks down the road for holders. We will provide more details on this in a later post. Additionally, keep an eye out for a later post where we will outline staking rewards (aiming for triple digit APY).
How to Participate
Spread the word. Despite Web3’s commitment to decentralization, 98% of token launches are still relying on VC funding and legacy gatekeepers. Let’s build a public good together and show the world what a grassroot’s movement looks like in crypto.
Follow humanDAO on Twitter @humanDAO for future updates on how to participate in the token launch on December 1st, 2021. For those interested in contributing to the humanDAO, visit https://humandao.org/ or join the humanDAO Discord server.