How To Buy DAO Maker (DAO)?

A common question you often see on social media from crypto beginners is “Where can I buy DAO Maker?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports DAO Maker (DAO)

First, you will need to open an account on a cryptocurrency exchange that supports DAO Maker (DAO).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase DAO Maker (DAO) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy DAO Maker (DAO)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for DAO Maker (DAO) or DAO Maker (DAO) trading pairs. Look for the section that will allow you to buy DAO Maker (DAO), and enter the amount of the cryptocurrency that you want to spend for DAO Maker (DAO) or the amount of fiat currency that you want to spend towards buying DAO Maker (DAO). The exchange will then calculate the equivalent amount of DAO Maker (DAO) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of DAO Maker (DAO) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy DAO Maker (DAO)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is DAO Maker (DAO)?

DAO Maker is a growth technologies provider that creates SaaS solutions for nascent and growing crypto startups. Its flagship product is the DAO Pad, a multi-investment platform that allows DAO token holders to participate in early-stage token sales for stringently vetted upcoming projects.

Some of the most prominent projects launched via DAO Maker include My Neighbor Alice (ALICE), Orion Protocol (ORN), Seascape Network (CWS) and Infinity Pad (IPAD). A full list of projects and their performance is listed on the DAO Maker website. 

Besides its popular DAO Pad product, DAO Maker also provides a range of additional services to nascent blockchain-based projects. These include incubation services, operations and advisory services, and another of its flagship products — social mining. Projects can use social mining to reward value-adding community members with their native token — helping to raise awareness, incentivize participation, increase liquidity and grow the number of holders. 

The platform is powered by its native utility token, known as DAO. The token is used to participate in token sales on the DAO Pad platform, and can also be staked to earn a yield via one of DAO Maker’s vaults. The token will also be used for community governance in the near future. 

Who are the founders of DAO Maker?

DAO Maker is the brainchild of co-founders Christoph Zaknun, the platform’s CEO, and an early mover in the initial coin offering (ICO) space, and Giorgio Marciano (CTO), a heavily experienced entrepreneur and IT engineer with over 13 years of experience in software development. The two co-founders are joined by other C-level staff, notably including Hassan Sheikh (CMO), a former lecturer in Mathematics and experienced business strategist.

How Does DAO Maker Work?

Like most modern blockchain project launchpads, DAO Maker requires that users lock up a fixed minimum number of DAO tokens in order to participate in launches. 

As of writing, users must stake at least 500 DAO in DAO Maker’s vaults. Users will receive 1 DAO power for every DAO staked. Users can also triple their DAO power by staking DAO-USDC Uniswap LP tokens instead. By staking DAO, users also earn a yield in the form of a selected project token, e.g. Evolution (EVN), Yield Protocol (YIELD), Open Ocean (OOE), etc.

This DAO power is used to participate in DAO Maker’s strong holder offerings (SHOs), SEED sales or dynamic coin offerings (DYCOs) — the latter of which is a type of partially refundable token sale method. 

Users allocate their DAO power to the sale they want to participate in. This then enters them into a lottery to win an allocation. The more DAO power a user allocates to a sale, the better their chances of winning. According to the official guidelines, users are separated into one of five tranches depending on the number of DAO spent, these tranches are:

• Tranche 1: 500–999 DAO Power
• Tranche 2: 1,000–1,999 DAO Power
• Tranche 3: 2,000–3,999 DAO Power
• Tranche 4: 4,000–9,999 DAO Power
• Tranche 5: 10,000+ DAO Power

Each tranche brings with it an increased chance of winning. 

If a user wins a participation slot, their allocation will be automatically funded by their USD Coin (USDC) balance, and their DAO power will be locked for 10 days — after which it resets. Unsuccessful users will be free to spend their DAO power again right away. 

Besides the DAO Pad, DAO Maker is also developing a new flagship product known as Venture Bonds. This will allow users to purchase bonds from startups, following which DAO Maker will deploy their funds to overcollateralized DeFi and CeFi lending markets to earn a yield. This yield is then distributed to startups to finance their growth and development, while bond purchasers earn project tokens and/or equity in return.

Once the bond matures, users will receive their funds back and will keep any yields they have accrued in the form of project tokens or equity.

What Makes DAO Maker Unique?

DAO Maker is considered a complete solution, especially in crowdfunding, community building and blockchain marketing. It features all the supportive resources and technology one would expect. Let’s take a look at some of the services:

Marketing: Clients can take advantage of various marketing services provided by DAO Maker; some of these marketing includes SEO, influencer marketing, guerrilla marketing and paid promotions. In addition, the platform collaborates with the leading Bitcointalk influencers to give its clients widespread exposure.

Community: Strong communities provide growth benefits to a project while also acting as a defense against the project’s reputation being tarnished. DAO Maker offers vital services such as consistent and high-quality content, story creation, explainer videos, community management and more. The aim of these is to assist blockchain-based systems in the development and expansion of their communities.

The architecture of tokens: In light of the importance of tokenomics, DAO Maker has entered the field to play a significant role in the project’s tokenomics. It provides a comprehensive token metric that considers the economic and monetary policy of the underlying token in addition to other factors.

Partners: DAO Maker has established good working relationships with Alchemy Pay, PAID Network, TRON Network, Rainforest Foundation and Alliance Block, among others.

DAO Maker development updates in 2023

DAO Maker, an innovative cryptocurrency and blockchain platform, has made significant strides in 2023. Operating as a Decentralized Autonomous Organization (DAO), it focuses on providing growth technologies and Software as a Service (SaaS) solutions to crypto startups. Below are the key developments that have occurred in 2023:

• Expansion of Services for Crypto Startups: DAO Maker has continued to nurture emerging crypto projects by providing essential support and resources. This includes incubation, social mining rewards, advisory services, and access to its DAO Pad, a dynamic monitoring tool for tracking and engaging with evolving projects.

• Introduction of Strong Holder Offerings (SHOs): DAO Maker has innovated in funding solutions with its SHOs. This lottery-based system prioritizes experienced and credible participants for token allocation, enhancing investment opportunities within the DAO Maker ecosystem.

• Enhanced Community Engagement through Social Mining: The platform has emphasized community growth by incentivizing active participation. Through social mining, DAO Maker rewards its community members with tokens for their contributions to the development of the startups.

• Robust Security Measures: The security of the DAO Maker network is fortified through its operation on the Ethereum blockchain, benefiting from Ethereum’s security protocols. Additionally, the platform’s smart contracts and protocols have undergone audits by respected entities like CertiK and Hacken to ensure protection against vulnerabilities and cyber threats.

• Circulation and Utility of DAO Tokens: As of March 2023, there are 143,942,531 DAO tokens in circulation, with a fixed maximum supply of 312,000,000 coins. These tokens are used for governance, granting holders voting rights on crucial decisions, and as utility tokens offering access to various platform features.

• DAO Maker’s Unique Positioning: The platform stands out for its ability to address common early-stage challenges faced by startups, particularly in communications and public relations. It provides a range of services, including marketing and SEO, to build a vibrant community for these startups.

These developments reflect DAO Maker’s commitment to fostering innovation and community-driven growth in the crypto startup space.

Official website: https://daomaker.com/

Best cryptocurrency wallet for DAO Maker (DAO)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for DAO Maker (DAO)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).