Fellow Coinstorers,
Coinstore will list CULT(Cult DAO) and open CULT/USDT trading pairs.
Details are as follows:
Issue time: October 4th,2022
Total supply: 4,983,113,538,604
Circulation: 4,353,610,743,931
Official Website: https://cultdao.io/
Block explorer: https://etherscan.io/token/0xf0f9d895aca5c8678f706fb8216fa22957685a13
Introduction:
Cult DAO seeks to fast forward the collapse of the global economic order and to fund the revolutionaries seeking the same goal. The top 50 CULT stakers are The Guardians. These Guardians can submit proposals to the DAO, but they cannot influence the vote. The votes can be made by all CULT stakers who are not Guardians. Votes pass based on token share Yes vs No. These proposals put forward should be requests for investment from protocols which match all or most of the below criteria; -Fight Against Centralisation -Further the Cause of Decentralisation -Directly Benefit a Noble Cause The DAO can then vote on whether they believe the investment should be granted. There is also a burning mechanism in place that works as an incentive. For every 15.5 Eth of CULT raised, 2.5 Eth is burned, and 13 Eth goes to the investee protocol or cause. The investee token is redistributed as per the proposal, with the full distribution swapped to the CULT token at the agreed rates of dispursement. E.g. once a day, week or month.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Global,
November 1st, 2022
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