CultPrice

(CULT)

Cult DAO is a decentralized autonomous organization dedicated to funding and supporting the development of truly decentralized technologies. Its core purpose is to accelerate the shift away from traditional financial systems and centralized control, empowering individuals to achieve financial and societal autonomy. Through its unique structure, it aims to foster innovation in the Web3 space by investing in projects that challenge existing centralized paradigms and promote a more open, permissionless future.

CULT is the native, tradable, and liquid token of Cult DAO. Every CULT transaction includes an automatic 0.4% tax that funds the DAO's treasury, supporting investments. dCULT, on the other hand, is the non-transferable "proof of stake" token obtained when users stake their CULT. Stakers receive dCULT, which represents their staked CULT plus any accumulated rewards distributed by the DAO. Users can convert dCULT back to CULT at any time, accessing their original stake and earned rewards.

Cult DAO functions with a highly decentralized governance model. A 0.4% tax on CULT transactions funds the DAO's treasury. "Guardians" (top 50 dCULT holders) submit funding proposals, but cannot vote on them. "The Many" (all other CULT holders) vote on these proposals. Approved projects receive ETH from the DAO. In return, the investee protocol's tokens are converted into CULT: half are permanently burned, reducing supply, and the other half are redistributed as rewards to CULT stakers, incentivizing participation and supporting the ecosystem.

Cult DAO stands out due to its immutable and unstoppable nature. The protocol’s core smart contracts are designed to be non-upgradable, meaning they are beyond the control or modification of any single entity, including its creators, Guardians, or external authorities. This robust design ensures that the DAO’s mission to fund decentralized technologies will persist indefinitely. Even under extreme pressure or attempts to disrupt its infrastructure, Cult DAO's operations and investments are engineered to continue autonomously, safeguarding its long-term vision.

Staking CULT, which yields dCULT, offers several key benefits. It grants holders the ability to participate in the DAO's governance by voting on funding proposals. Crucially, stakers also receive rewards, consisting of tokens from the decentralized projects that Cult DAO funds. Regarding unstaking, if CULT is staked without a predetermined lock duration, it can generally be unstaked at any time, often with a short unbonding period. However, if a user opts for a fixed staking period, their funds will remain locked and illiquid until that duration concludes.

CULT tokens can be acquired on various cryptocurrency exchanges, both centralized and decentralized. For instance, users might find it available on major centralized trading platforms, as well as on decentralized exchanges operating on networks like Ethereum. To securely store CULT tokens and interact with decentralized applications, users can utilize compatible Web3 wallets. These wallets allow for safe management of token holdings and provide the necessary interface for engaging with the broader Web3 ecosystem.