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dao5 is an experimental cryptocurrency investment fund that will 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. The legal entities that comprise the fund will be dissolved, and the general partner’s assets migrated to an on-chain treasury owned and governed by DAO5 tokenholders in perpetuity.

The goal of dao5 is to empower our portfolio founders to manage a new treasury of assets which backstops the value of the DAO5 token. What happens after that will be determined by DAO5 tokenholder governance. 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.

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dao5 embodies the following five core values:

  1. 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 cross-pollination is essential to fostering a collaborative founder community.
  2. Meritocracy. Each advisor or deal scout that submits a successful investment proposal will be compensated with a percentage of the performance fees generated.
  3. Anon-friendly. dao5 works closely with pseudonymous advisors, and invests in tokens launched by pseudonymous founders. We believe that individual privacy is an inalienable right in the cryptoverse. We do not invest in surveillance technologies.
  4. Dunbar’s number. Some DAOs are optimized to attract the largest possible number of members; we are not. It is envisioned that dao5’s governance will remain in the hands of a relatively tight-knit community of participants.
  5. Contrarianism. Fostering open ideation is more important than defining a set investment mandate or strategy. dao5 favors radically different ideas and experiments in the cryptoverse.
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