A coordinating and supporting body for the development of decentralized economies
Together we build the right decentralized digital future
Open-source dApps will be developed by our highly experienced development team or by other teams with aligned vision. We focus on emphasize the public goods and remedy the “tragedy of the commons”.
The Treasury, which is owned by 420 DAO members, is used to invest in other lucrative crypto projects, or is deployed in potential native DeFi protocols or is allocated to institutional hedge funds (esp. in bear market regimes).
Every member plays an important part of the DAO and has the full right to participate in the governance of 420 DAO and any associated protocols right from the beginning.
Every mechanism is informed by the magic number 420.
420 DAO acquires new members via auctions of its governance tokens. Each day during the first 420 days a.k.a the γ-phase, there are a maximum of 420,000 tokens released, among them 100,000 tokens are publicly batch-auctioned.
The capital then flows to grow the Treasury. A community-owned insurance fund is designed for risk management purposes and an operational budget is provisioned at protocol level.
Exponentially compounding your returns by staking early and staying in the pool. Additional harmonic rewards are shared only among the committed members.
The protocol makes sure new members contribute positively to the DAO as a whole. We come to join 420 DAO to add value, not to extract it.
Being Treasury-backed, 420 tokens have strictly positive intrinsic value. Markets must always be trading above the intrinsic value or one can make free money. In fact, the market price is generally 6x higher than the intrinsic value.
First-seen in crypto yet sensible concept which means long-term-focused members are the true deciders of the Treasury. When one leaves the DAO, one also forgoes the membership value for the benefit of the remaining community.