DuckDao
DuckDao is a Digital asset incubator whose primary aim is to grow promising projects into their full stature. It is a Decentralized and democratized platform that offers various earning strategies to Crypto investors. Furthermore, it opens up its users to several investment opportunities regardless of their invested capital.[1][2]
About DuckDao
As earlier introduced Duckdao is an incubator that helps promising projects achieve their full potential by leveraging the investment power and buzz making potential of the community.
It aim to democratize access to investment opportunities that were previously available only to well-heeled investors and venture funds, opening up the closed ecosystem of early-stage Cryptocurrency project investments to everybody.[3][4]
How Duckdao Operates
Duckdao looks to break the cycle of early-stage investments in high-potential Cryptocurrency projects, which typically see large traditional VCs buy out stacks of tokens in strategic, seed, and private sale investment rounds at far lower prices than retail investors got during the public sale. These VCs (Venture Capitalist) would then dump their holdings on retail investors to secure an easy profit, while simultaneously damaging sentiment surrounding the project.
Duckdao creates a context that supports a healthy and sustainable relationship with its users and a fair opportunity for them. This is in contrast to other platforms where large Venture Capitalists try to make easy profit from retail investors. Duckdao supports the mutual growth of all projects and investors to create lasting success for all.[5][6]
Classification of DuckDao Participation in Project
DuckDao involvement with projects can be classified into three distinct tiers:
Tier 1 (Incubation Level):
Duck works with projects from their very beginnings up until the points they are listed on an exchange — plus more in aftercare. Incubated projects benefit from a range of marketing, advisory, and listing services to help catapult the project to success.
Tier 2 (Strategic Contribution Level):
In this Tier, Duckdao enables projects to leverage on its influence on social media platforms such as Twitter.
Tier 3 (General Contribution Level):
At this stage, the platform has no involvement in the projects. They only manage OTC sales and community requests.
Duckdao has made great impacts in the fundraising space through its community-backed activities.[7]
Decentralizing Opportunity: How it Works
When Duckdao partners with projects, such projects would allocate tokens to Duckdao users. These tokens are then shared to users who have joined the platform’s token-permissioned telegram communities.
The Duckdao token (DuckDaoDime or DDIM) gives users access to the available community tiers. This, in turn, provides them with many benefits. Access to each membership tier can only be granted to Ducks who have at least a fixed minimum number of DDIM tokens in their wallet.
To gain access to the Duck membership groups, the requirements are:
- The Duck Fightclub: 10 DDIM
- Beach Club: 200 DDIM
- Gentlemen’s club (VIP): 2,500 DDIM
- Diamond Club (VIP): 10,000 DDIM
- Duck Allstars Club: Top 10 DDIM Uniswap
Ducks (members of the DuckDAO) can access DDIM either through community events or by purchase on @Uniswap. Users are automatically removed from a group once their DDIM balance falls below the required amount.
Furthermore, a larger percentage of the allocation received from projects are distributed to customers in the highest tier (Duck Allstars Club). Regardless, DuckDAO ensures a fair distribution of the allocation.[8]
DuckStarter
DuckSTARTER is DuckDAO’s public token launchpad, a service platform for blockchain projects. It will act as the final bridge between early-stage projects and the community before the project goes fully public. Contributions to DuckStarter projects can be done with USDC
DuckStarter has a unique level system which requires users to lock-in a certain amount of DUCK tokens to participate in the launch platform.[9]
Duck Liquidity Pool
Duck Liquidity Pool, the brainchild of DuckDAO, refers to the name of the DuckDAO DeFi market maker. Users can deposit funds to DUCK-based liquidity pools through Uniswap and earn tokens via deployment through smart contracts. Consequently, the LP tokens received after deposits are made can be staked on the DUCK farm.
Stacking on DUCK Farm allows users to earn DUCK tokens and market maker rewards. When users contribute to the Duck Liquidity Pool, they are rewarded with the DUCK tokens. There are several ways through which duck farmers can earn these tokens:
- Contributing to DUCK liquidity pool on Uniswap
- NFT rewards
- distribution of market-maker rewards
- project token airdrops.
Tokenomics
The economy of the tokens on DuckDAO is managed in a way to create fair incentives for its community members. Exactly 80,000 tokens are used as rewards for community members for:
- active involvement on social media
- participating in deals
- interactions with projects during AMAs.
Around 40,000 tokens go to the five Duck team members when a deal lists in profit. They will also get rewarded when a deal has been successfully closed. After these, they won’t be awarded any more than the allotted quota and are subsequently required to purchase on the market.
The reserved 500,000 tokens are at the mercy of the Allstars team as the tokens are locked. For them to be unlocked, more than half of the top ten individuals have to vote in favour. The move to unlock tokens is only allowed in any of these situations:
- liquidity is needed for an exchange
- The token price needs to be adjusted
- liquidity is needed to reward members
Depending on demand, the Duck team may propose to use part of the reserved 500,000 tokens as part of a sale or airdrop.
Out of a total supply of 100,000,000 DUCK, about 22% pre-mined tokens are for sale to fund the DuckDAO liquidity pool, 70% is reserved and used as reward for liquidity providers through yield farming, 7% of the operational tokens are locked, while 1% is reserved for the core team.[10][11]