Transparency and Improvements for Venture Yield Buybacks
1) Updated VY Fees for Claimed and Refunded tokens
DAO Maker purchased more than 6,650,000 DAO tokens from the market and is gradually depositing them into the venture to yield rewards for our users.
Going forward we are improving several steps of this process making it more transparent and automated!
Buying and depositing DAO to venture yield will be fully automated.
This major update will go live next week!
How does it work?
2 scenarios in our 7-day refund or claim model
A) Users who claim their tokens will pay 5% of their tokens to the Venture Yield pot.
B) Users who choose refund will get 100% of their allocated money back, 85% of the tokens they abounded will go back to the project and 15% will go to the Venture Yield pot
This means EVERY offering on DAO Maker will generate value for the DAO token even if the entire sale gets refunded, DAO will still benefit from it. 93% of circulating DAOs are locked on our staking contracts and continuously growing.
2) Venture Yield Dashboard:
Moving forward all purchases of DAO Maker and all stats on DAO Maker tokens will be openly available. Instead of monthly reports users will be able to view a buyback dashboard and track everything on-chain in real time!
Each listing on DAO Maker will generate a new buyback budget that will be deposited to a DEX bot system and trackable on the Venture Yield Dashboard.
Disclaimer
This article is for informational purposes only and is not financial, legal, or investment advice. The DAO token is a utility token, not a security or investment instrument.
Utility Token Nature: DAO is intended for use within its platform ecosystem and does not represent any form of share, stake, debt, or security.
Buyback Policy: DAO’s buyback activities are discretionary, not guaranteed, and can be halted increased, or decreased at any time. These are a form of loyalty cashback for long-term users, not dividends or financial returns.
No Promise of Future Returns: The past performance of DAO is not indicative of future results. There is no expectation of future dividends or returns from holding DAO tokens.
Risk Acknowledgment: Purchasing DAO tokens involves risks, including potential loss of principal. Buyers should conduct their own due diligence and consult with experts before making any decisions.
By reading this article and considering DAO token purchase, you acknowledge understanding these points and agree to make decisions based on your own judgment.
