Technical Details: Solana
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- πΎ Treasury Custody: Treasury SOL is custodied in the DAO manager's EOA. This allows for maximum flexibility in treasury management.
- π DEX Trading: Tokens trade on Meteora with dynamic liquidity pools. They are simple SPL tokens that can be traded anywhere - trading bots, Jupiter etc.
- π Liquidity Lock: DAOs will use between 10-20% of their SOL raised to use as initial liquidity in their Meteora Dynamic Pool. Liquidity is permanently burned here, ensuring the safety and longevity of the token. The initial mcap will be set to the amount of SOL raised.
- βοΈ Tokenomics: 1B supply of your SPL is minted, with some proportion going to LP and the rest going to fundraisers. A free treasury/team mint can also be arranged depending on the structure of your DAO. As we are creating the token from scratch, general tokenomics are flexible.
- Fund Expiry: At fund expiry (which the DAO manager can extend indefinitely), funds will be redistributed pro rata to DAO token holders. It will be an airdrop based on a snapshot mechanism.
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