Difference between revisions of "Mantle (MNT)"
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An investment [[Decentralised Autonomous Organisation (DAO)|DAO]] slash ecosystem support | |||
''"Aims to promote and propel the mass adoption of open finance and [[decentralized]] [[tokenized]] economy."'' | |||
==Basics== | ==Basics== | ||
*Based in: | *Based in: | ||
*Started in / Announced on: | *Started in / Announced on: [https://thedefiant.io/bitdao-thiel-pantera-treasury/ early 2021] | ||
*[[Testnet]] release: | *[[Testnet]] release: | ||
*[[Mainnet]] release: | *[[Mainnet]] release: | ||
==History== | ==History== | ||
* [[ByBit]] [https://thedefiant.io/bitdao-thiel-pantera-treasury/ spinned up] the BitDAO concept (8-3-2022). | |||
==Audits & Exploits== | ==Audits & Exploits== | ||
| Line 17: | Line 23: | ||
===DAO=== | ===DAO=== | ||
===Treasury=== | ===Treasury=== | ||
* [https://openorgs.info/ From] [[The Defiant]] (8-3-2022): | |||
''"According to [https://openorgs.info/ Open-Orgs], BitDAO currently has $1.8B in it, making it the second largest treasury of any publicly viewable treasury on [[Ethereum (ETH)|Ethereum]], following that of [[Uniswap (UNI)|Uniswap]] and just ahead of those of [[Ethereum Name Service (ENS)|Ethereum Name Service]], [[Lido (LDO)|Lido]], and [[Gitcoin (GTC)|Gitcoin]]. BitDAO holds the No. 2 spot largely thanks to its [[governance]] [[token]], BIT, which accounts for about $1B of that treasury. That treasury also grows at a pace of roughly $2M per day without diluting BIT holders. The real revenue stream into BitDAO comes from its association with ByBit, the exchange. It’s been putting about 2.5 basis points from its volumes, the lion’s share of its profits, into the BitDAO treasury. In exchange, ByBit controls 60% the BIT supply, according to the [https://docs.bitdao.io/litepaper-1/tokenomics litepaper]. One of its first investments was a swap with [[FTX (FTT)|FTX]] for its FTT token, with a 3-year lockup. With so much money available, the other core idea in BitDAO is autonomous entities. Instead of trying to invest $2B directly through DAO governance, the current plan is to make very large commitments to autonomous entities that can make whatever investments they want in a specific area."'' | |||
==Token== | ==Token== | ||
===Launch=== | ===Launch=== | ||
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===Token Allocation=== | ===Token Allocation=== | ||
===Utility=== | ===Utility=== | ||
* Governance ([https://thedefiant.io/bitdao-thiel-pantera-treasury/ 8-3-2022]). | |||
===Other Details=== | ===Other Details=== | ||
===Stablecoin=== | ===Stablecoin=== | ||
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==Technology== | ==Technology== | ||
*[[Whitepaper]] can be found [ | *[[Whitepaper]] can be found [https://docs.bitdao.io/litepaper-1/tokenomics here]. | ||
*Code can be viewed [insert here]. | *Code can be viewed [insert here]. | ||
===Implementations=== | ===Implementations=== | ||
*Built on: | *Built on: [[Ethereum (ETH)|Ethereum]] | ||
===How it works=== | ===How it works=== | ||
| Line 57: | Line 65: | ||
==Compliance== | ==Compliance== | ||
==Their Other Projects== | ==Their Other Projects== | ||
=== Game7 === | |||
* [https://openorgs.info/ From] [[The Defiant]] (8-3-2022): | |||
''"[BitDAO] has committed $500M to [[Game7]], a DAO [https://twitter.com/BitDAO_Official/status/1460747955544150019 committed] to building out the gaming ecosystem in [[blockchains]], but it’s giving the funds out in $100M chunks, Allen explained. BitDAO won’t decide on each grant Game7 makes with the funds, but it can decide not to make further contributions if the partnership isn’t working."'' | |||
==Roadmap== | ==Roadmap== | ||
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* [https://decrypt.co/73806/peter-thiel-leads-230-million-funding-round-for-bitdao?utm_source=telegram&utm_medium=social&utm_campaign=smt From] [[Decrypt (DCPT)|Decrypt]] (17-6-2021): | * [https://decrypt.co/73806/peter-thiel-leads-230-million-funding-round-for-bitdao?utm_source=telegram&utm_medium=social&utm_campaign=smt From] [[Decrypt (DCPT)|Decrypt]] (17-6-2021): | ||
''"BitDAO took in $230 million in a funding round led by [[Paypal|PayPal]] co-founder [[Peter Thiel]], Thiel-founded [[FoundersFund|Founders Fund]], [[Pantera Capital]], and [[Dragonfly Capital Partners|Dragonfly Capital]]. Other funders include Brevan Howard Asset Management co-founder Alan Howard and Synthetix's [[Kain Warwick]]. Singapore-based crypto exchange [[ByBit]] is also contributing regular revenue from its futures contracts trading, which could inject hundreds of millions to the fund."'' | ''"BitDAO took in $230 million in a funding round led by [[Paypal|PayPal]] co-founder [[Peter Thiel]], Thiel-founded [[FoundersFund|Founders Fund]], [[Pantera Capital]], and [[Dragonfly Capital Partners|Dragonfly Capital]]. Other funders include Brevan Howard Asset Management co-founder Alan Howard and [[Synthetix]]'s [[Kain Warwick]]. Singapore-based crypto exchange [[ByBit]] is also contributing regular revenue from its [[futures]] [[contracts]] trading, which could inject hundreds of millions to the fund."'' | ||
* Took part in the [https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e Range Token] raise for [[UMA (UMA)|UMA]] of $2.66M (16-7-2021). | * Took part in the [https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e Range Token] raise for [[UMA (UMA)|UMA]] of $2.66M (16-7-2021). | ||
*BitDAO [https://unchainedpodcast.us19.list-manage.com/track/click?u=0085a41334b3edf854fd51f9b&id=adaf750390&e=64a06bd95c raked in] $365M from its governance token sale (17-8-2021). | *BitDAO [https://unchainedpodcast.us19.list-manage.com/track/click?u=0085a41334b3edf854fd51f9b&id=adaf750390&e=64a06bd95c raked in] $365M from its governance token sale on SushiSwap’s MISO platform in August, [https://decrypt.co/78719/bitdao-raises-another-365-million-after-governance-token-launch selling] BIT to over 9,000 people (17-8-2021). | ||
===Partners=== | ===Partners=== | ||
* According to its [https://www.bitdao.io/ website] (8-3-2022): | |||
Peter Thiel, [[Founders Fund]], [[Pantera]], [[Dragonfly]] Capital, [[Alan Howard]], [[SushiSwap (SUSHI)|SushiSwap]], [[Spartan Capital]], [[Bybit|ByBit]], Kain Warwick, [[Polygon (MATIC)|Polygon]], [[Jump Capital]], [[Peak Capital]], [[Amber Group|Amber]], [[Fenbushi Capital|Fenbushi]], [[NGC|NGC Ventures]], [[LongHash Ventures|Longhash Ventures]], Kronos and a couple other ones. | |||
==(:== | ==(:== | ||
Knowledge empowers all and will help us get closer to the [[decentralised]] world we all want to live in! | Knowledge empowers all and will help us get closer to the [[decentralised]] world we all want to live in! | ||
| Line 87: | Line 107: | ||
Making these free wiki pages is fun but takes a lot of effort and time. | Making these free wiki pages is fun but takes a lot of effort and time. | ||
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information. | If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information. | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
Revision as of 04:23, 14 March 2022
An investment DAO slash ecosystem support
"Aims to promote and propel the mass adoption of open finance and decentralized tokenized economy."
Basics
- Based in:
- Started in / Announced on: early 2021
- Testnet release:
- Mainnet release:
History
- ByBit spinned up the BitDAO concept (8-3-2022).
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Key
DAO
Treasury
- From The Defiant (8-3-2022):
"According to Open-Orgs, BitDAO currently has $1.8B in it, making it the second largest treasury of any publicly viewable treasury on Ethereum, following that of Uniswap and just ahead of those of Ethereum Name Service, Lido, and Gitcoin. BitDAO holds the No. 2 spot largely thanks to its governance token, BIT, which accounts for about $1B of that treasury. That treasury also grows at a pace of roughly $2M per day without diluting BIT holders. The real revenue stream into BitDAO comes from its association with ByBit, the exchange. It’s been putting about 2.5 basis points from its volumes, the lion’s share of its profits, into the BitDAO treasury. In exchange, ByBit controls 60% the BIT supply, according to the litepaper. One of its first investments was a swap with FTX for its FTT token, with a 3-year lockup. With so much money available, the other core idea in BitDAO is autonomous entities. Instead of trying to invest $2B directly through DAO governance, the current plan is to make very large commitments to autonomous entities that can make whatever investments they want in a specific area."
Token
Launch
- BitDAO raked in $365M from its governance token sale (17-8-2021).
Token Allocation
Utility
- Governance (8-3-2022).
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found here.
- Code can be viewed [insert here].
Implementations
- Built on: Ethereum
How it works
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Game7
- From The Defiant (8-3-2022):
"[BitDAO] has committed $500M to Game7, a DAO committed to building out the gaming ecosystem in blockchains, but it’s giving the funds out in $100M chunks, Allen explained. BitDAO won’t decide on each grant Game7 makes with the funds, but it can decide not to make further contributions if the partnership isn’t working."
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
Funding
"BitDAO took in $230 million in a funding round led by PayPal co-founder Peter Thiel, Thiel-founded Founders Fund, Pantera Capital, and Dragonfly Capital. Other funders include Brevan Howard Asset Management co-founder Alan Howard and Synthetix's Kain Warwick. Singapore-based crypto exchange ByBit is also contributing regular revenue from its futures contracts trading, which could inject hundreds of millions to the fund."
- Took part in the Range Token raise for UMA of $2.66M (16-7-2021).
- BitDAO raked in $365M from its governance token sale on SushiSwap’s MISO platform in August, selling BIT to over 9,000 people (17-8-2021).
Partners
- According to its website (8-3-2022):
Peter Thiel, Founders Fund, Pantera, Dragonfly Capital, Alan Howard, SushiSwap, Spartan Capital, ByBit, Kain Warwick, Polygon, Jump Capital, Peak Capital, Amber, Fenbushi, NGC Ventures, Longhash Ventures, Kronos and a couple other ones.
(:
Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
Also check out CoinTr.ee for more content.
