🍰 The Cake is officially a DAO 🍰
Exciting news from The Cake we’re now a DAO
The Cake DAO is now live on Polygon! We’ve used Aragon to mint and control the use of our DESUP token. For those of you that don’t already know, Polygon is a protocol and a framework for building and connecting Ethereum-compatible networks. We will continue to test the DAO mechanics like token transfer, finance, and voting on our Ethereum Rinkeby Testnet.
We hope you’re as excited about our news as we are, we’d love your feedback and opinions about it.
A bit about Polygon
Polygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.
Why did we choose Polygon?
The Cake aims to connect as many users to Advisors as possible. In order to do this, we need to be close to the biggest user base, developer community, and value — this is all happening on Ethereum.
As some of us know the fees are getting a bit silly over on Ethereum mainnet — enter stage door left Polygon network.
We get to use an Ethereum based coding language AND stay close the biggest value chain BUT with manageable fees. Fees are super important to us especially considering our product roadmap!
Take a look around…
Have a look at our testnet DAO on Ethereum Rinkeby — https://client.aragon.org/?#/thecakedao/
or check out our mainnet DAO on Polygon — https://client.aragon.org/?#/thecake/
The Cake was created to allow anyone to access a set of trusted crypto advisors
You can browse advisors on The Cake and chat with them via our custom chat app. Reach out to them to ask for their advice to increase your knowledge of crypto.
For more info on The Cake read our pitch deck — https://app.pitch.com/app/presentation/273b1982-5111-40c3-bc82-9ac57dca815f/b68460d0-83c9-4fbd-ae07-6045092a1ba1