summary: Governor DAO (GDAO) (Launched 2020), is a utility-based Cryptocurrency token issued to operate within Governor DAO's Ecosystem.
content: Governor DAO (GDAO) (Launched 2020), is a utility-based cryptocurrency token issued to operate within Governor DAO's Ecosystem. Governor DAO will transition to a pure DAO utilizing the toolkit and framework provided by Aragon DAO. Overview The Governor DAO (GDAO) project was initiated on October 8, 2020. This initiation got a quick response from its community to build out a Decentralized autonomous organization of its own. The founder's intentions with Governor ecosystem was to have a minimum oversee handing it over to its community, so as to get the project running as returns to his day job, school work, and ongoing personal projects. But that was a wrong assumption as he conclusively said. As such, putting together an airdrop, snapshot governance, and multi-sig control doesn’t do this project justice, especially when we have the manpower to build out the DAO in a manner that maximizes the power- Founder There are three key areas for the current state of the project which is being worked out: Airdrop distribution Governance (and Ownership) Fundraising (initial and ongoing). Liquidity Generation Event (LGE) Governor DAO (GDAO) needs enough liquidity upon inception. The first phase introduced a Liquidity Generation Event which was designed to reward participants and ensure proper liquidity can be achieved. This event was held on November 16. The hardcap was slated at 300 ETH which was achieved in less than an hour (\~$120,000). The aftermath of this event resulted in the token's listing on Uniswap and a US$4 million in daily volume across the first 24 hours of listing, amongst other notable outcomes of the event. Farming Contracts Farming contracts are currently under internal testing on Ropsten Testnet to ensure all is working 100% as intended. To farm, users are to pay attention to the following specifications: 100,000 GDAO allocation across 8 single asset deposit pools ( ETH, WBTC, USDC, LINK, UNI, YFI, SNX, $AAVE). 400,000 GDAO allocation to the 4x boosted GDAO-ETH LP pool. All pools enforce a 2% fee to be delivered in full to the Governor Treasury. The Launch date for farms remains unchanged (at December 22, 2020), as stated by the platform. Revenue Generation (RevGen) The team has commenced research and development into various revenue generation opportunities to ensure that the Governor is a hugely revenue-positive organization early on. RevGen pursuits currently include: Consulting new projects to emulate Governor’s LGE. Buildout on Ocean Marketplace for data collection, organization, and sale. Tokenomics Governor DAO (GDAO) is the utility cryptocurrency token of the Governor DAO's ecosystem. The token's ticker is denoted as GDAO and it has a total supply of 3,000,000 GDAO. Currently, the most active market trading GDAO is Uniswap (v2) cryptocurrency exchange. Token Listings: CoinGecko CoinMarketCap Bilaxy Exchange Uniswap.