What is #DAO about IlluminatiDAO ?
Governance vote on collateral ratio %
Completely contract ran protocol with no "team" intervening on anything once live
Treasury is contract controlled and controlled by the people.
#Arbitrum#ARB#ETH
What other platform do you know that allows you to farm out $ETH ?
Smart money understands how bullish this can be.
Treasury growing to 1M+ means IlluminatiDAO is a top platform across #Arbitrum
The #governance of the illuminati votes on the collateral ratio that makes most sense.
Concepts like adoption+not making the CR too high so new users will take part in the #DAO will be applied.
With 10m stakes and a CR of 5% the treasury would have $500,000 in it for you.
👁️IlluminatiDAO is not like your DEX tokens.
Imagine being part of a DAO that has a treasury accessible to you according to your holdings.
APY's for farming and pooling come to your wallet as $ETH !
💰Now imagine this snowballs to a 1M+ treasury.
#Arbitrum#DAO#presale
IlluminatiDAO’s debut on #Arbitrum is nearing.…keep your 👁 on the___ ____ ____.
👉 https://t.co/e4gRUKCV9A
(First look…Placeholder content for now, updated/fixed on #dApp launch) #DAO#TheEye#ILLUMINATE
The Past: IlluminatiDAO was going to put a bulk of its raise into the treasury to create a fomo effect in creating synthetic LP.
The Future: We will lower our raise HC substantially & raise the initial collateral ratio to 5% feeding the initial treasury a smaller sum. #DAO
The raise with alien didn’t go as planned, with the platform being near ready we will either take the raise elsewhere or lower the HC and try again with Alien.
Please vote below if you were involved. #DAO
This creates a “fomo” effect to stake in MNTI to try and extract this $ETH from the DAO pool. As more people come to mint ETHx the DAO gains more funds. It will be funded with $50,000 to start as well.
This is a basic and simple explanation of how the utility is circulated.
How does IlluminatiDAO work? What is Synthetic about it?
IlluminatiDAO (MNTI) is the governance token of Illuminatidao which gives power to the holders regarding spend, budget and collateral ratio.
The main concept is the snowball effect of users coming and using the MNTI platform.
You get $ETH as rewards!
Eg: We have 5M in Synthetic LP being created - that is $75,000 into the DAO treasury pool with a 1.5% collateral ratio fee.
Presenting the IlluminatiDAO landing page as a space holder until launch. dApp will be fully functional on launch.
Sneak peek of the dApp inside (👇)
https://t.co/JiDnrK0KgB
Join Illuminatidao x Alien AMA April 3rd at 3:00 PM UTC hosted in @alienficoin TG - https://t.co/5Ej988u1ss
All the secrets will unveil on this day! (Make sure you tune in to get a better understanding about what we are as a project)
👁#DAO