DAOrecords Launches Fundraising Campaign on Meta Yield
tl;dr
- DAOrecords becomes the second project launching on fundraising platform Meta Yield
- DAOrecords is fundraising for its current SoundSplash project
- 250,000 $SPLASH tokens in potential rewards
- Campaign launches 12:01am GMT, Friday, Jun 10th
Meta Yield: A “Kickstarter” for NEAR Providing Community Funding in a Bear Market
June has marked another month of slow growth and stagnant prices as the bear market continues to limit capital flow across ecosystems. However, Meta Pool’s new platform Meta Yield has already demonstrated that a team of builders dedicated to finding creative solutions to modern market challenges can unlock the value of a community committed to bringing new and exciting projects to life.
Meta Yield has been aptly dubbed a “kickstarter” style platform for the NEAR community. The platform allows users to stake their token for a project in exchange for their native token. The staking rewards go to support the project, and after a locked period, you get your NEAR back. Meta Yield provides a riskless way to support community projects that you believe in. You can read more about how to use Meta Yield and its specifics on our blog.
Additionally, the recent redesign of our website demonstrates this exact commitment to adapting and evolving as the market demands, and you can check out our new design here.
Meta Yield welcomes DAOrecords!
After concluding our first successful fundraising campaign on Meta Yield with PembRock Finance, Meta Yield is excited to announce a partnership with DAOrecords!
DAOrecords is reinventing the record label and democratizing the music industry using Music NFTs and Web3 technology. They see the future of the music industry as a place where artists have control over not only their music, but can cultivate a relationship with their fans and community within their own economy.
DAOrecords is launching a fundraising campaign on Meta Yield to support their 12 week SoundSplash event series which features weekly audio NFT drops built on their FonoRoot NFT system, and hosted on CryptoVoxels.
What is $SPLASH?
SoundSplash is releasing their native token, $SPLASH to facilitate the ecosystem of transactions growing around their FonoRoot NFT system. $SPLASH tokens are being given as rewards for all Meta Yield backers, and have many more uses within the SoundSplash ecosystem.
Holders of $SPLASH can redeem tokens for NFTs, tips artists, swap for future DAOrecords tokens, use in DeFi on Ref Finance, exchange for $NEAR and earn through NFT Staking and other social activities.
About DAOrecords Fundraising Campaign
The fundraising campaign on Meta Yield comes mid-release of their weekly Metaverse NFT event, which is running from May 4th — July 27th. Meta Yield backers will have their tokens locked for a period of 6 months after the conclusion of the campaign. A total of 25% of the total supply, or 250,000 $SPLASH have been allocated to backers on Meta Yield and will be distributed 30 days after the campaign has concluded. DAOrecords has a goal of 40,000 $stNEAR over the course of roughly 3 weeks, with their campaign ending on June 30th. Become one of the first to back the new project — and support a growing addition to the NEAR NFT ecosystem.
Our goal is to reinvent the record label, by providing a launchpad for artists to mint NFTs and connect the DAOrecords ecosystem we can build a new music industry, together. Vandal — Founder of DAOrecords Tweet
About Meta Pool & stNEAR
Meta Pool is the leading liquid staking solution for $NEAR and wNEAR token holders to earn staking rewards and maintain their liquidity to participate in DeFi protocols on NEAR and Aurora. Users staking $NEAR and wNEAR with Meta Pool receive in exchange a NEP-141 standard token, stNEAR (staked NEAR). stNEAR simultaneously accrues staking rewards and unlocks users’ liquidity enabling them to participate in DeFi activities (e.g. lending, farming, borrowing) on NEAR and Aurora.
Stake $NEAR on Meta Pool (~11% APY)
Get stNEAR (Yield-bearing token)
Go DeFi on NEAR & Aurora (More APY and more rewards)
Meta Pool solves the problems associated with Proof-of-Stake networks staking: illiquidity, immovability and accessibility. Meta Pool also aims to distribute staking in multiple validators to improve censorship-resistance of the NEAR network.
With a TVL of ~9 Million $NEAR and growing, Meta Pool has become in just a few months a cornerstone element of the NEAR ecosystem, making it more decentralized and therefore more secure, as well as making $NEAR liquid.
In February 2022 Meta Pool has been successfully audited by BlockSec, confirming the implementation of the highest security standards.
For more information visit https://metapool.app.
Join Meta Pool & stNEAR Community
If you have any questions or wish to be part of our project, don’t hesitate to join our official platforms and reach out to the team!
