Because money is so important for survival and good health, most people don’t have the financial means necessary to live a full life. This is because the wealth is reserved only for the wealthy. The 2021 Global Multidimensional Poverty Index(MPI) estimates that about 1.3 million people are multidimensionally impoverished. Axes DAO is a group of people who share the same goals, and all those factors are in place.

Axes DAO is the hybrid decentralized venture capital and capital fund. It is supported by traditional assets and high-profile crypto. This platform pushes boundaries and offers exceptional opportunities for individual investors, which is something that will probably not happen otherwise.

You could think of the rewards from the stake protocol as an universal basic income (UBI), which gives people the opportunity to have a better quality life. The members have the ability to create passive income, so they can focus on the things that are important and don’t worry about whether or not it will last the day.

Overview of DAO-to-Earn

We also have pay-to play blockchain games that allow you to get paid while playing the game you like; the same disruptive concept is applicable for DAO-to earn. Axes DAO members can take part in community tasks and receive rewards for their time. Axes DAO can provide a source of new income that will help you improve your financial position.

This innovative concept revolves around transparent, meritocratic principles. This transparent framework, which is outcome-driven, rewards you for your achievements based upon clear criteria that have been reviewed by the community and are validated.

The Seed Round gives community ownership

The project will be limited to a handful of people if funds are raised through banks and VCs. The Axes DAO team chose public ownership via a seed round. This allows anyone to own part of the ecosystem. On April 8, 2022 at 1:00 GMT, the seed round will go live.

One Axes token DAO ($XYZ) has a going price of 1 BUSD. The maximum amount that can be stored in a wallet is 5,000 BUSD. (1BUSD = $1). To reward early contributors with a low price entry, the initial funding round will be first open to whitelisted investors and then community members on a first-come-first-serve basis. Once the 1,000,000 USD hard cap has been reached, or within 24 hours of the 300,000. BUSD soft limit being met, the seed round will be closed.

Dual Treasury

Axes DAO’s rocket fuel is Axes DAO’s dual treasury component. According to the team, the distinct yet interconnected Treasuries (Backing Treasury & Investment Treasury) should ensure You can be certain, Growth, and Sustainability (CGS).

Certainty

The Backing Treasury, which is where decentralized assets supporting $XYZ are kept, will acquire assets in order to secure the price for the $XYZ token up to 50% before the floor price of 400 USD. The native token’s floor price will then be 100% backed by assets once it reaches that point.

The Future of Growth

Investment Treasury uses a variety of strategies to produce yield, leveraging both its venture capital arm and capital fund. The native token will see an increase in value and all assets will work for investors. Given the team’s experience in the Top 1 tier investment banking industry for more than a decade, network connections, strategic insights, risk management, and transparency combined will be available to Axes DAO’s community.

Sustainability

A special algorithm, as designed by Axes DAO staff, determines how much is split between Investment Treasuries and Backing Treasuries. This algorithm automatically balances each allocation, ensuring that $XYZ remains secure and distributing the daily compound interest of 1%.

Mechanism for Whale Defense

To prevent pumps and dumps, the staking protocol has an internal whale-defense mechanism. This is achieved by having a “carbon footprint” on every token sale within the platform. This means that the Axes DAO’s core members can not manipulate the token prices in either a positive or negative way.

Conclusion

Axes DAO, a hybrid venture/capital fund, is undoubtedly groundbreaking. It features a whale defense mechanism and dual treasury. This ecosystem will be self-sufficient, empowering the ownership economy.

Continue reading on BTC Peers