DYCO 2.0: Revolutionary Offshoot of the DAO Maker
It is no longer news that the crypto market is a very volatile place, and thus investing in an unstable market may prove to be a risky venture. Interestingly, this problem trails back to when Bitcoin began gaining popularity, and the frequent fluctuations in its price and value were indicative of the fact that at some point, crypto traders and investors would need something stable. The Ethereum blockchain has a lot of potentials, considering that it is a comfortable platform to facilitate the creation of decentralized applications (DApps), and this invariably paved the way for the development of several DApps for different purposes. Some time ago, a team of brilliant minds came up with a brilliant plan to create a system that would facilitate social mining and make it possible for projects to get communities that would exchange value.
Decentralized Autonomous Organization (DAO) Maker is an organization that facilitates the creation of blockchain-based technologies to aid seamless saving and borrowing of stable coins within the volatile crypto market. The decentralized platform for crypto lending comes with different protocols and frameworks to provide users with a trustworthy and reliable stable crypto lending and borrowing platform.
Partners
Sometimes, the success of a system is evident in successful partnerships that the system may be involved in. It may interest you to know that DAO Maker has successfully launched the Orion protocol, and coincidentally it is the first on the DYCO framework. One of the major features of the DYCO framework is its ability to aid crypto investors and traders refund tokens whether they were hedged or sold for profits. The Orion Protocol comes with different features including the aggregation of liquidity, a decentralized exchange, seamless trading of crypto pairs on centralized platforms, order books, etc. At the core of the Orion Protocol is the ORN token that facilitates staking, delegations and governance of the Orion ecosystem.
Social Mining
The world of cryptocurrency is a dynamic and interesting one, and new terms keep popping up every moment, and it is only normal to get acquainted with these terms, as it helps with understanding crypto-based systems better. Social mining refers to an advanced system of converting systems that are tokenized into DAOs, and in order for participants to get involved in the process, it is imperative that members of that crypto community, as well as its stakeholders, get signed up to the community’s monitoring board where community activities of each member can be viewed on the community’s dashboard. Every member of the social mining community is saddled with the responsibility of ensuring that every reported work’s authenticity is verified, in order for the contributors to get paid with points and tokens. The crypto community has different social mining communities, including AVAX, NEM, Injective Protocol, Open Predict, 2Key Network, Ferrum Network, etc.
DYCO and DYCO V2
One popular protocol within the DAO Maker ecosystem is the Dynamic Coin Offering (DYCO), which is a framework that empowers token users and buyers, and also provides accountability for participating teams. With the DYCO protocol, it becomes possible for users to lay claims on refunds. While the protocol builds confidence for token holders who may be looking to ascertain the viability of the product, it’s mode of operation makes for a great community building tool which becomes beneficial for the success of tokens. The Orion Protocol was used to debut the DYCO framework, and since inception, both products have enjoyed success and exponential growth. However, as with every system that intends to get better, there is always room to become better, and to this end, the DYCO protocol is getting an upgrade to DYCO V2.
DYCO makes it possible for market buyers (primary) to enjoy secure processes. However, it is also imperative to consider activities in the secondary markets, and while the DYCO protocol has what it takes to effectively and efficiently provide the best services for primary buyers, the upgraded DYCO V2.0 provides an ecosystem of trust and confidence building for both buyers at the primary and secondary markets.
DYCO V2 Features
The DYCO V2 protocol maintains the best features from its predecessor; mirror flips, utility tokens that are pegged with the USD, and the burning of tokens that get refunded, among other features. The upgraded protocol comes with improved flexibility to assist the secondary market buyers.
How the DYCO V2 Protocol Works
There is a deployer contract that is responsible for the distribution of tokens, and this contract invariably performs as a “Toll Bridge”. It makes it easy for participants in the DYCO protocol to claim their allocations from the first day or other days as they please, or they may opt for the long-term release. Either ways, the DYCO V2 protocol provides participants with win-win options. Primary buyers who are looking to get instant releases are required to burn some parts of their allocation, and the burn gets lesser by day until the last token has been distributed. Giving the primary buyer a chance to get an early release reduces the volatility experienced in the secondary market.
Upcoming Sale of DAO Tokens
Exciting information from the DAO Maker community is the announcement of the launch of its token, and it comes with amazing benefits including revenue generation, governance, and loyalty benefits for users. It may interest you to know that the DAO token will allocate only $100,000 worth for the public sale, and the remaining sales rounds will be performed through the DYCO V2 toll bridge framework. According to the DAO Maker team, they intend to distribute the allocations based on how much value each member provides to the DAO Maker ecosystem:
· The best 3 members will get an allocation of $4,000 USD each
· The best 7 members will get an allocation of $2,000 USD each
· The best 8 -49 members will get an allocation of $2,000 USD each
· The best 50 -100 members will get an allocation of $2,000 USD each
Furthermore, at the successful completion of the public sales of the DAO tokens, there will be branded merchandize for users.
The best thing about DAO Maker's token sale is that everyone can compete to gain his or her allocation. You will need to register at https://socialmining.daomaker.com/ and complete all the tasks that the team is posting to get your points. Those tasks vary from a simple tweet or Facebook share to an explainer video or big media publication. The harder is the task, the more points you will get at the end.
Here is a great example of such a task. You are free to decide, how you will promote DAO Maker and DYCO V2, but Videos are higher rated than a social media post. You get the idea.
This is the current leaderboard and you can see that even new participants have a big chance of winning a token allocation. With only one great video about DYCO V2, that will be rated with more than 1000 points, you will be in TOP 10 already.
Do not hesitate to start your journey with DAO Maker right now. The dates for the token sale were not announced yet, but it is only a matter of time. The earlier you begin earning your point, the better chances you will get for an allocation in DAO Token sale.
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