Bankless DAO (BANK)

Newsletter and learning program about crypto. Announced a DAO on 4-5-2021.

Basics

• Based in: USA
• Started in / Announced on:
• Testnet release:
• Mainnet release: 4-5-2021
• Has BanklessHQ (the company and the podcast) and BanklessDAO, the community under one brand umbrella, but are very different in legal terms.

Token

Token Allocation

• From their blog (8-5-2021):

"BANK, the governance token of Bankless DAO, was distributed via fair launch to the Bankless nation. Of the one billion total BANK, 30% was allocated to the genesis treasury, 40% distributed to a vesting community treasury, and 30% retroactively to Bankless community members. These include 2020 or 2021 Bankless Badge holders, BAP0 owners, or Bankless Gitcoin Grant donors."

Utility

• Holding certain amounts of BANK will give the holder DAO perks. More info can be found here (29-1-2022).

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• From the DAO announcement (4-5-2021):

"Bankless DAO Genesis team including Lucas Campbell, Michael Wong, Mariano Conti, James Montgomery, David Mihal, Nate Welch, Reuben Bramanathan, Ryan Sean Adams and David Hoffman."

Funding

• Aave; sponsor (4-2020).

Partners

• Partnered with Meta Factory (14-5-2021).
• Rocket Pool; has someone of the Bankless HQ company being a paid multi-sig signer(18-2-2023).

Bankless HQ

• Is the company behind Bankless and is separate from the DAO.

Team

• Ryan Sean Adams; creator
• David Hoffman; co-founder
• Lucas Campbell; writer
• To see all staff and their disclosures, check this spread sheet (19-5-2023).

Bankless Ventures (BVC)

• Hosts of Bankless Podcast raised $35M for a Crypto Venture Fund (2-3-2023). Show hosts David Hoffman and Ryan Sean Adams are to be general partners in the fund, said Ben Lakoff, also a GP. Justin Drake and Anthony Sassano are advisors (28-4-2023).
• Has starting investment of: Chris Dixon, Marc Andreessen, DC Investor, Sandeep Nailwal, Robbie Ferguson, Tim Beiko, Jordan Momtazi, Patricio Worthalter, Kain Warwick, Stani Kulechov, Nascent Fund, NGC Ventures and more.
• AltLayer; part of the second round in 2 months of $14.4M (19-2-2024).

(:

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