TheBscDAO Overview
TheBscDAO is a typical early DAO IDO platform, dedicated to reducing the promotion cost of the project and allowing the community to obtain more early quotas; and to develop DAO treasury management software (both code and design documents will be open source).
By combining the forum and the IDO platform, the projects in the seed round not only would obtain the financial support, but also to accumulate users and interact with those in consensus. This can effectively reduce the promotion cost of the project party, and the community will track and supervise the project in real time; it can also to a certain extent being resistant to giant whales.
How does TheBscDAO work?
Every payment made by the user/payer to the project through ThebscDAO will be minted and allocated with the project’s Token, and a certain percentage of the Token (retention rate) will be allocated to a set of addresses preset by the project owner. The total amount of tokens minted for payment is affected by its allocation discount rate, which is to incentivize the early contributors who naturally take a little more risk.
Whatever funding amount that a project receives that exceeds its funding target is considered a premium. These spilled funds will then become the coffers of the community. Each token holder has the options on how to distribute these capital premiums, which they can exercise by redeeming (burning) their tokens.
The distribution method of TheBsc DAO Token
The distribution method of ThebscDAO is such in order to allow more ordinary crypto enthusiasts to participate in the program, thebscdao has designed the ordinary pioneer for the issuance, as long as the account has 0.02BNB (no payment), trust interaction can occur, and the ordinary pioneer can start the mining machine, getting BSCDAO Token for free; the design of gold, diamond, and platinum pioneers takes into account the role of the forum; therefore, NFT is also designed. The NFT not only has the function of opening its own personal forum in advance, but it also can set up advertising spaces and special room skins in its own room.
How is TheBsc DAO governed?
ThebscDAO has its own BSCDAO governance Token, through the formation of the platform KOL group, and let KOL serve as the opinion collection and proposal officer; and the people with consensus vote to decide the project’s strategy, development direction, decision-making implementation, etc.; it will also set up various functional departments committees to better manage ThebscDAO.
BSCDAO Development Route
2022
Month 2-4 Launch of the official website, Pioneer Airdrop
Month 6-7 Launch of the DAO IDO platform
Month 8 Startup of the Community Management Committee
Month 11 Release of the DAO2.0 white paper
2023
- Q1 DAO IDO rules change voting mechanism to go live
- Q2 Establishment of IDO Platform Rules Management Committee
- Q3 KOL Recruitment
2024
Q1 Release of the DAO3.0 white paper
Q2 DAO2.0 Establishment of DAO KOL Organizing Committee to start DAO2.0
Q3 The reward and punishment mechanism to go online
Q4 Release of DAO3.0 organizational structure
ThebscDAO is an IDO platform based on DAO derived from the Binance Smart Chain ecological protocol. Through the governance of DAO, the decision-making power of the ecological development is decided by the community. They are willing to challenge using the full three years to build a DAO that can run for 100 years.
