Description
CULT is the tradable and liquid token of CULT DAO, transacting CULT will contribute to the protocol by filling the DAO treasury slowly, to fund investments into decentralised technologies. This is achieved due to a 0.4% collection on all CULT transactions.
CULT, once staked into the Cult DAO, becomes dCULT. dCULT is just the “proof of stake token” for CULT. When you stake your CULT into the DAO, you are given dCULT, this can be swapped back at any time into the amount of CULT you staked originally, plus any rewards that were given to the DAO in the time period you owned dCULT.
Cult DAO and its funding process is completely decentralized. It cannot be stopped. As long as there are people transacting with CULT, Guardians putting forward proposals, and users voting, Cult DAO will continue to fund revolutionaries, decentralization advocates and those willing to break the chains of society.
A proposal can only be put forward by the Guardians. These are the top 50 holders. Guardians cannot vote and so cannot be wholly corrupted in their decisions. These proposals must conform to all or the majority of these three criteria:
● Fight Against Centralisation
● Further the Cause of Decentralisation
● Directly Benefit a Noble Cause.