$CULT Tokenomics:
1/ Every $CULT tx has a 0.4% tax. That fee fuels the DAO Treasury.
2/ Stake your $CULT to earn $dCULT. Only the top 50 $dCULT holders can submit investment proposals.
3/ Every time the DAO raises 15.5 ETH:
13 ETH goes to the approved investee
2.5 ETH worth of $CULT gets burned 🔥
4/ The investee must sell their token for $CULT:
50% of that $CULT is 🔥burned
50% is gifted back to $dCULT holders 💸
5/ 50% of the gifted $CULT is sent to stakers 🏦 50% goes to the DAO's dead wallet 💀
It's a self-fueling, deflationary flywheel for decentralised funding. With a locked contract and 261 years of locked liquidity 🚀
#Tokenomics #CULTDAO #Crypto #DeFi
1. ModulusZK: Addressing the Need for Institutional Grade Security (Explains why default confidentiality is mandatory for serious capital)
https://t.co/KKrhTkDbUN
Verification =! exposure.
Right now DeFi forces you to broadcast your entire strategy, transaction history, net worth to the public network just to prove a trade is valid.
For serious players entering the space it's an operational liability.
Everything you have ever hoped, wanted or dreamed for is coming. Your only obstacle is understanding that victory takes time and patience. How much time and patience? Just a little bit more.
"Once more unto the breach dear friends. Once more."
Story time: How it feels in the mission control of ZK blockchain systems.
ZK is really deep and really beautiful mathematics. And its elegant and also complicated. So you have to be very good at what you do to get it right. If you fuck up there are consequences.
I remember working on a draft of the Proximity Gaps paper (the one that gives the state of the art theorems on this matter, and stated the conjectures that are now at the center of a $1M prize). We were staring at pages of formulas and I paused my brilliant co-authors -- Swastik Kopparty, Dan Carmon, Shubhangi Saraf -- to say: isn't it so cool that the math we're working on will go on to secure $Bs and a whole future economy?
So, it's a bit like being in mission control for one of those projects that humanity will be talking about in generations to come.
@QuintenFrancois $CULT https://t.co/7hFDRgGjOp is not drama but it's where to go. It's hyperdeflationary, decentralized and will be the gas token @ModulusZK check it out.
Strong people make good times,
good times make weak people,
weak people make bad times,
bad times make strong people.
What people do we have right now?
Three letter domains are the ultimate digital real estate 🤔
They are short memorable and incredibly scarce. We are watching the supply dry up daily.
Check before your initials are permanently locked away 🔒
Our industry built a financial surveillance apparatus and labeled it "DeFi". Making everything public was a flaw of early tech.
#ModulusZK is the way out. Back to the original cypherpunk vision.
They all tell you how amazing their zkVMs are.
But every opcode needs a custom circuit.
Made changes to the VM → Rewrite circuits.
Added a new opcode → New circuit.
Found a bug → More circuit work.
This is a choice.
We chose different. We skip the VM.