HELLO, WORLD!
dao5 is an experimental cryptocurrency investment fund that
will later convert into a decentralized autonomous organization
(“DAO”).
Upon conversion, DAO5 tokens will be minted and issued to the fund’s
investment team, advisory board, and portfolio company founders. A
portion of the general partner’s assets will be migrated to an
on-chain treasury to be owned and governed by DAO5 tokenholders in
perpetuity.
The primary goal of dao5 is to empower our portfolio founders to
co-manage a treasury of strategic assets. What happens after that
will be determined entirely by DAO5 tokenholder governance.
As a DAO, we anticipate that dao5 will not operate with a
pre-defined mandate; but rather will be constantly evolving and
adapting to the needs of the frontier decentralized economy.
PUBLIC IMMUTABLE STRING[] VALUES =
dao5 embodies the following five core values:
-
Incentive alignment. Each portfolio founder will receive a
grant of future DAO5 tokens which provide exposure to the broader
portfolio of assets. We believe that economic cross-pollination is
essential to fostering a collaborative founder community.
-
Meritocracy. Each DAO contributor that submits a successful
investment proposal will be compensated with a percentage of the
economic upside.
-
Anon-friendly. dao5 works closely with pseudonymous
advisors and invests in tokens launched by pseudonymous founders.
We believe that financial privacy is an inalienable right. We do
not invest in surveillance technologies.
-
Dunbar’s number. Some DAOs are optimized to attract the
largest possible number of members (often succumbing to a tragedy
of the commons). We are not. It is envisioned that DAO5 governance
tokens will be mostly held by a community of culturally aligned
participants.
-
Contrarianism. Fostering open ideation is more important
than defining a fixed investment mandate or strategy. dao5 favors
radically different ideas and experiments in the crypto universe.
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