ZoneBitcoin EditorialWe have often spoken to you about DaoMaker, which remains one of the best-known launchpads in the cryptosphere. (Don't confuse DaoMaker with MakerDAO, by the way). If the DaoMaket launchpad has earned its reputation, it is above all for the quality of the projects that the platform has launched.
Here we will explain to you how it works DAO Maker and you will then be able to know how we actually invest in upstream projects. We really like launchpad.
DaoMaker is one of the oldest launchpads in existence. It was the launchpad that made it possible to launch many well-known projects. Investors were able to invest in it from the launch, therefore at the lowest prices.
However, the entry ticket can be high...About 2000 DAOs are required (or around $4000 at the time of writing these lines).
Everything will therefore depend on your budget (and if not, don't worry, we are preparing other tutorials for more affordable Launchpads).
This is a simple tutorial with all the steps to follow.
Quick overview of DAOMaker
DAOMajer was created by Christoph Zaknum and Giorgio Marciano. These are two tech profiles who have since expanded the team. Today, DAOMaker has more than 20 employees.
DAO Maker is a crypto investment platform. A kind of next-generation initial investment platform specific to cryptocurrencies. It is called in the jargon "a launchpad" because you can find new crypto projects that are looking for funding.
DAO Maker has been around since 2017 and has evolved a lot since then. Today, projects follow different rounds of financing and private and individual investors can easily participate.
Advantages and Disadvantages of DaoMaker
DAO Maker has funded over 50 projects with an average ATH (record high) ROI of 6079,11%. This represents a very interesting ROI but don't forget that we are talking about the ATH. Very often, investors cannot resell at the highest price…
DAO Maker supports projects for a relatively long period of time through their marketing initiatives, basic integrations and development. This is also the reason why the platform has a very high ROI.
However, the platform also has flaws that must be kept in mind before using it.
The only major flaw of the platform is its price. It remains one of the most "expensive" platforms for an investor....This can be explained by its seniority and the selective nature of the projects it puts forward.
Likewise, most projects are presented on Ethereum with high transaction fees…
Step 1: Registration
Of course, the first step is to register on the site.
- Register on the site by going to https://daomaker.com/ to log in or register for your account.
- Connect your wallet with which you wish to participate. You can choose between Metamask or Wallet Connect.
- Pass your KYC check in order to register for any sale. You will need to complete your KYC before so you can register for all our upcoming events. This should only be done once. It will only take a few minutes to send your ID scan. Then, once your profile is validated, you will be able to invest in all projects.
There are 3 documents that can be used for identity verification: passport, national identity card or driving license.
Some citizens are not allowed to submit KYC with ID or driver's license. In some cases you will need your passport.
Step 2: Start investing
Now that the registration is done, we can get down to business.
➡️ Pre-financing: To invest in DAOMaker, you will first need to have USDC (a 1:1 stablecoin on dollars). You can buy USDC on the majority of exchanges like Binance or Kucoin. You will then need to send them to your ETH address on your wallet. The funds sent will allow you to be ready to invest in the project of your choice.
➡️ Let's say you have deposited an allocation of 500 USDC into your wallet. Once a project is launched, then the required amount is automatically deducted from the pre-funded account. When investors are selected and announced, there is no action to take. The process is fully automated to make investing easier.
➡️ If you won an allocation spot and 500 USDC was the allocation amount for a project, then this amount is automatically deducted from your pre-funded deposit and it is then automatically transferred into the pool of the project.
➡️ In case you were not selected, then your 500 USDC will remain in your pre-funded account and can be used for future events on the platform.
Please note:
The amounts allocated may differ from one project to another. Most projects ask for a stipend of 500 USDC, but this is not always the case. Some projects also require cryptos other than USDC. Always check the allocation amount directly on the platform for the project you are interested in.
Understanding the SHO (Strong Holder Offering) mechanism and staking
The platform has implemented a new mechanism called SHO to Strong Holder Offering. It is a fundraiser where investors who are eligible are chosen based on their activities and other data.
Staking on DAOMaker:
To follow the process on DaoMaker, there is also DAO Power. This is what allows you to choose how much the investor wants to stake for each particular SHO. To do this, you need DAO tokens in your wallet.
To obtain Power DAOs, you must then do DAO or LP DAO stacking.
To participate in staking, you must deposit a minimum of 2000 DAO in the vault (this means safe in English). This is how you will have exactly 2000 DAO Power. You will receive them directly to your wallet.
In fact, there are some sales that request higher allocation amounts and therefore require more DAO to stack. Please note that each time you register for a sale, you will know the minimum amount of DAO that must be stacked.
The longer you store, the more you earn.
So, to participate in an SHO, you must allocate your available DAO Power. The more DAO Power you allocate on a particular SHO, the more likely you are to win an allocation (more DAO Power means a higher lottery bracket). The tranches are to be considered as "levels" of sorts. The more you invest, the higher tranches you are in.
Here is what it gives:
– 1 DAO stacked = 1 DAO Power. It’s easy to remember 😉
Remember that DAO LP tokens deposited in the vault count for 3x in the DAO Power. For the moment (this may change later), the current tranche system is as follows:
- Tranche 0: Deposit 500 to 1 DAO Power
– Tranche 1: Spend 2 to 000 DAO Power
– Tranche 2: Spend 4 to 000 DAO Power
– Tranche 3: Spend more than 10 DAO Power
Each tranche has a limited number of participants. In fact, once the registrations for the event are closed, then there is a "lottery" (drawing) for each tranche. So, the participants are chosen like this.
👋 The amount of DAO Power you allocated for the Sale will be blocked before the Sale winners are announced. If you have allocated 500 DAO Power and you are a winner, your DAO Power of the same amount will be deducted and will only be restored in 15 days. If you did not win the SHO allocation, the DAO Power will be returned to you at the end of the period and you can use it for the next SHOs in which you wish to participate.
Choose your project
Now it's up to you to search for projects and observe them before investing. You can find out the project details by clicking on "research".
Once you have chosen the project of your choice, you will need to fulfill the general conditions.
There your capital will be pre-funded and your deposit amount will be blocked. Your DAO will be locked for 15 days before you can withdraw them. You need to be aware of this before wanting to invest.
If you have any other questions about the platform, feel free to ask them in the comment section.
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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