Recapitulation of DAO MAKER PROJECT AMA event held at AMA LOVERS CLUB

Venue: https://t.me/amaloversclub
Date: Tuesday, 10th February, 2021
Time: 14:300 UTC

The DAO MAKER PROJECT team was represented by @EricCristobal who judiciously shared with us detailed knowledge and information about DAO MAKER PROJECT.

1st Segment: INTRODUCTION

Q1: Can you please introduce yourself and your background, also introduce the Team working on the DAO MAKER PROJECT?

ANS: My name is Eric Cristobal. I am focused on building community and business development for DAO Maker. Before joining DAO Maker, I contributed to building community and business development of OKEx in the Philippines and South East Asia. I worked at Wells Fargo Bank for over 6 years where I was a Team Manager managing porfolio for affluent/high value customers. I also worked as Head of Community and Business Development in different blockchain projects like ARPA, BitMart Exchange and Aurora Chain.

DAO Maker's CEO, Christoph Zaknun started ICO DOG in 2017, a platform for investing into presales which became widely successful and attracted a lot of people and eventually founded DAO Maker.

Meet the rest of DAO Maker's team here: https://daomaker.com/about.

Q2: Can you introduce the DAO MAKER PROJECT, what critical problems does it solve that existing solutions are not solving and what's the competitve advantage?

ANS: DAO Maker is an incubator that leverages the power of Social Mining and omnipresent exposure to help projects acquire a community, and then uses the project's token to convert the community into value-adding and value-assessing members of a DAO.

DAO Maker's flagship technology product is Social Mining, a software that offers the most advanced resources to transfrom a tokenized ecosystem into a DAO. Social Mining allows project's community to become a thriving self-managed organization of active investors.

Whenever a token holder makes actions that advance the succes of the project, the community votes on the value he/she deserves for that action. Such a system combats the socio-economic Free-Loader Problem.

Q3: Can you briefly describe the Top milestones you have achieved and your target milestones with timelines, also share your roadmap?

ANS: DAO Maker's native token DAO had its world premiere listing yesterday on KuCoin and Gate.io and received a huge support from the community and other blockchain projects. This I would say is the Top milestone we had so far, in my opinion.

Right now DAO Token is trading at 30x from public sale price. This success will not be possible without the support from the crypto community.

I would like share this image to show our roadmap and I would say that we are on track.

2nd Segment: LIVE Questions

Q1: I'm aware that the DAO token is being issued under a 65% DYCO, does this implies that every single token will be refundable at 65% of the purchase value? If yes, what would happen to Regarding your Toll Bridge, I'm not very familiar with it, can you please explain it further and how token buyers can benefit from it?
https://twitter.com/BisolaHafsat/status/1359467364207767553?s=19

ANS: A DYCO offers its participants the ability to refund any token, no matter if they held them or sold them at a profit. 100% of the circulating supply is backed by USDC for the first 16 months after the Token Generation Event. The token supply remains static during this time.

Q2: Will DAO Maker be allowing the community contribute to the project; a referral program, ambassadors program or contests should help improve adoption?
https://twitter.com/Capt__Boeing/status/1359512895156019202?s=19

ANS: Yes. Over the past 2 years, the DAO Maker community grew to over 35.000 subscribers on all Social Media Platforms, 45 000 registered Social Miners, and investors.
If you would like to help out become an ambassador or the team you can start now with your proposals to grow the ecosystem on our Platform:
https://socialmining.daomaker.com/task/submit-your-proposals-to-grow-dao-maker/

Q3: I’m aware that the DAO token is being issued under a 65% DYCO, does this implies that every single token will be refundable at 65% of the purchase value? If yes, what would happen to
Regarding your Toll Bridge, I’m not very familiar with it, can you please explain it further and how token buyers can benefit from it?
https://twitter.com/BisolaHafsat/status/1359467364207767553?s=19

ANS: The deployer contract that distributes tokens to buyers acts as a Toll Bridge. DYCO participants can claim their entire purchased allocation on day 1, day 100, or any other day of their choice. Essentially, they can remain committed to a long-term token release or they can cut things short, but at a toll.
The Toll Bridge requires primary buyers who want an instant release to burn a portion of their allocation. This burn reduces each day, and it becomes 0% once the final token distribution is complete. The advantage of this system is that primary buyers who are only interested in a flip and those who have a lower average exit price can pay the burn and exit their positions early.

Q4: What conditions could lead to the refunding of tokens? Are there any conditions that are primary exemptions to the refunds of tokens? What does the window for token refunds expire?
https://twitter.com/mikenit890/status/1359211897854263298?s=19

ANS: The refundable and deflationary supply rate design of DYCOs gives tokens the support they need in the early days of a good product. This support is gradually removed over 16 months, after which, the project should either not exist or have sufficient adoption and token demand.

- Teams must be transparent & successful, or else 100% of sold tokens are refunded & burned, thereby eliminating the project
- After refunds, the only tokens left in the supply are the ones owned by holders
- Teams have to comply with their lockup terms; losing holders' confidence, results in refunds
- Team tokens unlock after final refund; circulation consists only money-backed & refundable tokens.

Q5: What conditions could lead to the refunding of tokens? Are there any conditions that are primary exemptions to the refunds of tokens? What does the window for token refunds expire?
https://twitter.com/mikenit890/status/1359211897854263298?s=19

ANS: If the token value falls below refund level, DYCO participants can generate risk free profits by buying tokens from the market and refunding them. Refunded tokens are automatically burned reducing the circulating supply by up to 100%.

Q6: What DeFi risks is DaoMaker mitigating trough it's techonology? Are your features unique?
https://mobile.twitter.com/Zurox16/status/1359453802823303172

ANS: Providing low-risk participation frameworks is essential to reach global retail in venture capital, as most retail investors cannot afford to risk large portions of their money. By providing an opportunity to everyday people to safely grow their own capital, we aim to improve the quality of millions of lives while simultaneously enabling a new funding source to innovation worldwide.

Over the past 2 years, DAO Maker has grown one of the largest ecosystems of quality retail investors; in just 2020, our platform has signed on more than 75,000 retail users interested in early-stage ventures. At the same time, we have been building a suite of services to attract high-quality startups to join the ecosystem and be accelerated in a decentralized, safe, and autonomous environment. Some of the industry’s most notable developments currently use the technology solutions provided within our startup growth toolkit. To date, the demand for the products has well exceeded our ability to manage onboarding flow, which is why we are currently working on permissionless, self-managed versions of our technology products.

Q7: How can the participants claim to unlock their tokens early in exchange for burning a portion of their vested tokens?
https://twitter.com/purifyucha/status/1359208843788636163?s=19

ANS: The release schedule of DYCO v2 is “flexible,” at the advantage of the secondary market. The participants of a DYCO are committed to a token release schedule which involves some release at TGE, and then smaller releases over the course of many months.

In a DYCO v2, the deployer contract that distributes tokens to buyers acts as a Toll Bridge. DYCO participants can claim their entire purchased allocation on day 1, day 100, or any other day of their choice. Essentially, they can remain committed to a long-term token release or they can cut things short, but at a toll.

The Toll Bridge requires primary buyers who want an instant release to burn a portion of their allocation. This burn reduces each day, and it becomes 0% once the final token distribution is complete. The advantage of this system is that primary buyers who are only interested in a flip and those who have a lower average exit price can pay the burn and exit their positions early.

This reduces extreme price volatility as surges in secondary market demand are fulfilled with primary buyers who want to capitalize on their purchase as fast as possible. Meanwhile, the holders can remain committed to the long-term release schedule.

The advantage of this is that any market price can never be extremely distorted from the target exit price of primary buyers. Typically, if the price exceeds the target price of flippers or those who have a low exit value, they have to wait for future distributions. This limits a token’s secondary market’s action to also wait out future releases, reducing secondary market confidence.

With a Toll Bridge, there’s strong certainty that any market price is not going to be too distorted from future releases as primary buyers don’t need to wait for a release to sell; they can sell at will if the price is already attractive for their individualized goals.

CONCLUSION:

Thank you for hosting this AMA. It was my pleasure to be here. And thanks to your active and very enthusiastic community members.

Please follow our social media channels to know more about DAO Maker to be up to date from our ongoing and future events.

To participate in the toll bridge, user must submit their request to this link:

http://dao-maker-toll-bridge.appspot.com/#/
Website: https://daomaker.com/

Telegram: https://t.me/Daomaker

Twitter: https://twitter.com/thedaomaker

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