Introducing the Borg DAO — an initiative to boost development on Ethereum Classic
Welcome to the Borg DAO!
The Borg DAO will help to stimulate development on Ethereum Classic, by incentivizing developers to support the ETC blockchain for their DApps and to assimilate DApps to Ethereum Classic by integrating them into the Borg DAO. Investors will profit from every integrated DApp.
How you can participate:
Investors
- Investors can support this development by purchasing Borg DAO tokens (BRG) during a short crowdsale. In turn they will immediately receive the tradable tokens and at least 60% of the revenue of every DApp, that is integrated into the Borg DAO, until the end of the universe (or the blockchain).
Developers
- Developers will be payed according to a predetermined rate that is individually set for every DApp. Developers can claim their payments once a DApp has been fully set up and transparently integrated into the Borg DAO payment structure. This means, that at least 60% of the revenue that this DApp generates will be directly forwarded to the Borg DAO token (BRG) holders indefinitely.
How the Borg DAO works:
Note, straight away: It does not use the framework of ‘The DAO’
The Borg DAO is structured as an Ethereum token that resides on the Ethereum Classic blockchain. Integrated DApps will automatically send their revenue to a buy&burn contract that purchases BRG and burns (destroys) them, thus continuously decreasing the supply of BRG. This is a convenient and fully transparent solution that will have a persistent positive effect on the price of BRG.
BRG holders will be able to keep their tokens securely in cold storage while profiting from the value appreciation that results from the continuously decreasing supply.
Resistance is futile. You will be assimilated.