RickDAO: The Future of Governance and DeFi
Building the Pillars for a New Era of Decentralized Governance Led by Holders, for Holders.
Government-led governance is obsolete and needs to be fixed. This is due to corruption by players in power, who only look after their interests.
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Governance is Broken
Current DAOs Fail to Deliver on Their Promises
The manipulation of DAOs by large holders of governance tokens has diverted their true purpose, which is the honest distribution of power to achieve decentralized governance. This design flaw has been quite detrimental to the crypto ecosystem, allowing malicious actors to take control, vote in their favor to drain funds, and commit acts of corruption.
Introducing RickDAO
RickDAO is designed to prevent vote manipulation and to be largely decentralized. Our mission is to decentralize a community so that it doesn't depend on a central entity, but rather the central entity depends on the DAO. The community is actively building an ecosystem around the main governance token $RICK to provide more value to holders and create real utility for a project that started as a meme.
Voting System
Create and participate in new proposals in RickDAO! All holders of $RICK will be able to create and participate in proposals related to the development of the project! Make your voice heard and help shape the future of RickDAO by actively engaging in the community. Contribute your ideas, vote on important issues, and be a part of the decision-making process to drive the project forward.
Coming soon...
DAO Treasury
We will add a layer of security to the DAO to prevent malicious actors from taking control of treasury funds. Once a proposal is approved in the main DAO, the Treasury DAO will have to decide whether or not to fund it. Treasury DAO participants must be honest and contribute funds to the treasury as collateral. This security measure ensures transparency and trust within the community.
Coming soon...
Earn
Stake your crypto and earn rewards in USDT or $RICKDAO, the governance token of RickDAO that will be used for the Treasury DAO. Earn up to 10% APY! Start staking today and support the growth of the RickDAO ecosystem. Participate in the staking program to maximize your returns and contribute to the stability and success of the project. Your participation helps build a stronger and more vibrant community.
Coming soon...
Our Mission: RickDAO
Perseverance and resilience are the two words that define the Rickcoin community. Building day by day and strengthening our community is what keeps us strong.
By having a tool like RickDAO, the community can decentralize decision-making in an honest way, and carry out the creation of a community-led digital ecosystem, for the community.
$RickDAO Treasury Token: Strengthening DAOs
Separating decision-making power between development and treasury is crucial for the longevity of a truly decentralized DAO.
The goal of $RickDAO is to function as a governance token solely for the RickDAO treasury. Holders of $RickDAO can deposit their tokens into the treasury and vote on treasury-related decisions. To prevent malicious actors from gaining control over the funds, participants in these votes must contribute liquidity to the treasury as collateral. In case of problems, these collateral funds will be used to prevent potential losses. This system significantly reduces incentives for malicious actors since attacking the DAO would not be profitable.
Ninety percent of the token issuance will occur through a staking/rewards system. Users will receive $RickDAO as rewards for staking their cryptocurrencies in the treasury. This token is non-inflationary; hence, initial returns will decrease over time as the total issuance is completed.
It's important to emphasize that this token is not speculative but rather a utility token designed specifically to secure the treasury funds. Its sole purpose is to be used within the RickDAO treasury.
The goal of $RickDAO is to function as a governance token solely for the RickDAO treasury. Holders of $RickDAO can deposit their tokens into the treasury and vote on treasury-related decisions. To prevent malicious actors from gaining control over the funds, participants in these votes must contribute liquidity to the treasury as collateral. In case of problems, these collateral funds will be used to prevent potential losses. This system significantly reduces incentives for malicious actors since attacking the DAO would not be profitable.
Ninety percent of the token issuance will occur through a staking/rewards system. Users will receive $RickDAO as rewards for staking their cryptocurrencies in the treasury. This token is non-inflationary; hence, initial returns will decrease over time as the total issuance is completed.
It's important to emphasize that this token is not speculative but rather a utility token designed specifically to secure the treasury funds. Its sole purpose is to be used within the RickDAO treasury.
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