DAOSquarePrice

(RICE)

DAOSquare functions as a Web3 incubator focused on establishing an "on-chain infrastructure and open marketplace for on-chain ventures (Venture DAO)." Its primary goal is to bridge the gap between innovators, talents, investors, and service providers, fostering a collaborative ecosystem for mutual growth and success. Founded in 2019, it draws inspiration from pioneering decentralized communities, aiming to serve as a leading incubator for the Web3 landscape.

RICE is the foundational ERC20 governance token of the DAOSquare ecosystem, enabling holders to shape its future through proposals and voting, particularly with locked RICE (goRICE). Beyond governance, RICE offers profit-sharing potential from the incubator's activities and provides various practical utilities. These include securing marketing privileges, accessing payment discounts for ecosystem services, and unlocking exclusive investment opportunities within self-organized DAOs. Users can also earn RICE through staking rewards and by actively participating in the community via mechanisms like "Invest to Earn," "Write to Earn," and "Promote to Earn."

The total supply of RICE is capped at 100,000,000 tokens. Initially deployed on the Ethereum mainnet, the RICE token has expanded its presence to include the Base network. On Base, RICE holds significant utility, particularly for supporting the governance and various economic functions of the DAOSquare Incubator, indicating a strategic shift for its primary operational focus.

RICE tokens can be acquired through several channels. The most common method is purchasing or selling them on various reputable cryptocurrency exchanges, including both centralized and decentralized platforms that support the token on its respective networks. Additionally, individuals have the opportunity to earn RICE by actively engaging and contributing to the DAOSquare community through a range of participation and contribution mechanisms designed to reward ecosystem involvement.

DAOSquare envisions a future where Web3 innovators thrive, and every builder can evolve into an angel investor, fostering a robust and self-sustaining ecosystem. To achieve this, it operates as a decentralized incubator, offering crucial financial backing and a collaborative environment for emerging Web3 startups. The project places a strong emphasis on commercial viability, recognizing that sustainable growth and broader participation are intrinsically linked to successful commercial outcomes within the decentralized space.

DAOSquare serves as an incubator for a diverse array of innovative concepts and ventures. This includes supporting novel startup ideas, compelling products, artistic endeavors, aspiring artists, impactful events, and various interest circles. Fundamentally, DAOSquare is committed to fostering anything that holds the potential to enrich and advance the Web3 environment. Notable past projects that have received support through the incubator include Ceramic, DAOhaus, BrightID, and Unlock, showcasing its broad scope of engagement.