AlgoDAO Phase 1 development roadmap explainer
Hey AlgoDAO community,
We are still basking in the euphoria of the success of our seed round funding in which we raised US$3.5 million from leading investors including the Algorand Foundation and Borderless Capital, among others. We are also close to our IDO, and we cannot wait to fully unleash AlgoDAO as a platform for supporting new crypto projects building on Algorand.
In this piece, we are teasing out the AlgoDAO development roadmap so you can have a better idea of what is under the hood as we prepare for AlgoDAO’s IDO.
This post is the first in a four-part explainer series highlighting what you can expect at each phase of AlgoDAO’s development roadmap.
Phase 1
We will be ramping up on the delivery of Phase 1 milestones in the first 2–3 months after AlgoDAO’s IDO. Please note that, on the community side, only the Vanguard and Federation membership tiers will be functional in Phase 1. We continue to work on executing the High Council membership tier in subsequent phases.
- Launch of the core PAD product on Algorand L1
In Phase 1, we will launch our core pad product, which is the core Launchpad offering of AlgoDAO on AlgoDAO’s mainnet.
2. Launch of the SIGMA infrastructure
The SIGMA infrastructure will also go live during Phase 1. The AlgoDAO members will be able to access the SIGMA Pool and mine $SIGMA tokens when they stake $ADAO. For more information about the use and importance of $SIGMA tokens on AlgoDAO, read our Introduction to the SIGMA Pool.
3. AlgoDAO’s TGE (Token Generation Event)
Another key milestone on AlgoDAO’s roadmap during Phase 1 is the Token Generation Event (TGE) that comes up as soon as AlgoDAO’s IDO ends. The TGE leads into the listing of $ADAO tokens on exchanges and its subsequent price discovery.
4. Launch of AlgoDAO’s NFT SocialFi core
During the Phase 1 roadmap development, we will launch AlgoDAO’s NFT SocialFi (Social Finance) core. The SocialFi core tools will enable early community members to be rewarded for their contributions. Through the SocialFi core, tokenized allocations and all other benefits will be integrated into the very fabric of the community interactions through NFTs. This will add another layer of the utility of the NFTs, since most of them can only be earned and only a few of them can be purchased. In addition, the NFT SocialFi core tools will ensure that incentives are designed to ensure the success of projects that AlgoDAO incubates.
5. Launch of the Vanguard core linear PMF (pre-money funding)
The launch of Vanguard Core Linear PMF (pre-money funding) enables Vanguard to participate in the seed rounds of incubated projects at a fixed linear price until such allocation is fully subscribed. Opting for a Linear PMF means that there will not be options and pre-money rounds will be priced at a fixed amount that is lower than the IDO price of the new projects.
6. The first three projects progress through the AlgoDAO incubator
AlgoDAO is an incubator and launchpad for the Algorand network and true to our mission, we expect to kickstart the incubation process for the first three projects on our launchpad during Phase 1 of the developmental roadmap. More details to come on the first three projects that we are incubating.
In line with the incubation process, AlgoDAO members in the Vanguard membership tier will be able to get allocations to the IDOs of the first three projects during the phase one roadmap development.
7. Collecting community feedback, various UI and UX upgrades
By the end of Phase 1 development, we will be collecting and analyzing community feedback on how to further improve the UI and UX of AlgoDAO in the best way possible. This is in line with how AlgoDAO is set up to be a DAO-driven project.
**************************************************
Next week we will deep dive into what to expect during Phase 2 of AlgoDAO’s development roadmap and what it means for AlgoDAO, our community, and the broader Algorand ecosystem. In the meantime, make sure to stay connected with us across our social media channels so you do not miss out on important updates.
- LinkedIn: https://www.linkedin.com/company/algodao-fi
- Discord: https://discord.gg/algodao
- Telegram group: https://t.me/AlgoDAOCommunity
- Telegram announcements: https://t.me/AlgoDAOAnnouncement
- Twitter: https://twitter.com/AlgoDAO_fi
- Medium: https://medium.com/@AlgoDAO.fi
