Evolution of GATA DAO

Cryptopital
GATA HUB
Published in
3 min readJul 27, 2022

Since the very beginning of the project, we had only one goal, to create a strong community and bring them value.

Why cosmos is unique

On the cosmos blockchain, it is finally much easier to create a DAO project with high value as long as the objective remains the community. Why?

  • · Validator: Each chain needs validators to validate transactions and in return, validators are rewarded for their contribution with the token from the chain. It becomes very interesting for those who wish to have a validator to build a community around them.
    Of course, this requires work but also the knowledge that not everyone has.
    Here comes the DAO, thanks to this system and by the proof of ownership through your NFT, you earn tokens through the validation and you are eligible to receive part of the rewards related to the commissions.
  • Airdrop: Through the use of staking rewards generated by the validators, we expose our owners to the market without having them do it themselves.
    For example, if today's airdrops are given to the EVMOS wallet, then people in our DAO who are not exposed to EVMOS will still get tokens thanks to the validator exposure. (The mechanism is still to be defined)

Progress update

Since the launch of our project, we are making progress every day:

  • We run new validation operations
  • We are developing our new website
  • We are looking for new blockchains for contribution
  • We are actively participating in validator Test-nets
  • We are actively developing various partnerships
  • We are documenting every step of our project
  • We are creating Twitter spaces for verbal communication
  • We consult all members about everything.
  • We use governance proposals for the common paths.

We create a survey to find out if we are able to launch a new validator :

Milestones :

  • Delegation :

1 month ago 18th of June 2022

1 month later, 18th of July 2022

Today 27th of July 2022

  • Evmos Rank 37and 218k $EVMOS.
  • Junø Rank 97and 78k $Juno.
  • Nomic rank 34 and 19k $Nom.
  • Sifchain rank 46 and 2m176 $Rowan.

To come :

We still have a lot to do:

  • Governance: We still need to improve our voting system by creating a real place for our DAO.
    For this, we have high hopes for DAO_DAO.
  • Validators: We want to add new validators to our project.
    For this, we are studying the fundamentals of each project and its momentum.
  • GATA NFT: We need to improve artwork, which we feel could add value to our collections. Even for existing collections (Colonial cats and Voyager cats), we have a plan which will be shared soon.

We have a lot to share but not at this moment but surely very soon!

What we believe :

It is not the hype that makes the quality of project, but the quality of the project that makes the hype.

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