DAOLand was officially conceived and born in 2021, from an intuition that sprung up from the minds of its founder and CEO Ali Adsiz Osman and co-founder and CPO Ahmet Gorsen. The DAOLand project features a Russian, Turkish and Indian-based team, whose focus and foundational vision rests on 2 cardinal concepts:
- Becoming the Hub for GameFi, NFT & Metaverse users throughout the cryptoverse
- Becoming the Gateway for retail investors that want be early birds in participating in private and seed rounds of high-potential, unique projects.
While it is kind of undeniable that there are a lot of IDO launchpads in the crypto space, it is also true that the majority of these kickstarting platforms’ emphasis is placed first and foremost on “boosting sales”, neglecting what instead should be a 360° pre/during/post-marketing & IDO solution.
- Introducing DAOLand
To the extent described above, the DAOLand team takes into account the two key players that necessarily need to be acknowledged in order to provide a high-quality service:
- the participating end-users
- and the applying IDO projects.
By assuming these stakeholders’ vantage points and empathizing with their needs, the DAOLand team reached a pivotal epiphany: any end-user’s main concern is investing in high-quality projects, hence he/she would want to make sure that the projects featured on the platform will conversely represent the hallmark of their success. On the flip side of the coin, teams would benefit from a comprehensive, full-packaged service, that will cover law, marketing, commercial partnerships & agreements, as well as post-launch customer assistance aspects of the project. Covering these unavoidable facets of a project’s launch ensures that the team will focus mostly on building and developing a great product.
In this perspective, DAOLand takes care of both stakeholders (users and applying project teams), by giving access to its precious, relational network made of auditors, law firms, market-making providers, exchanges, and much more.
- A Unique Platform Design
One common problem with IDO (or IGO) platforms is tied to limited allocations and more applications (supply) than demand. In this light, things may not go all too well for small and medium-sized investors. Also, guaranteed allocation options often imply very low allocation amounts.
DAOLand solves this problem by employing a system comprised of a dual token utility: $DLD and $DLS (more on the token economics details later on). Essentially, users can stake higher amounts of $DLD tokens to increase their chances to participate in a specific IDO, at the same time earning $DLS inside DAOLand’s unique system.
Another peculiar feature, that sets DAOLand apart from its competitors is mirrored by the fact that the platform doesn’t employ a tier system: users’ $DLD won’t be locked in DAOLand’s staking smart contract. Instead, the amount of $DLS required to participate in any of the platform’s IDO and IGO events will be determined, periodically, via a flexible algorithm that constantly checks, at any given point in time, the average amount held by $DLS token holders, furthering the principles and goals originally conceived by DAOLand’s team – that is, everyone has to have a chance to participate. Wannabe participants in future DAOLand IDOs will only have to stake $DLD and earn as much $DLS as possible.
So, after an IDO event has reached its conclusion:
- If a user successfully managed to join in the IDO event, then all his/her $DLS tokens that he/she utilized for the event will be burned.
- If instead, he/she couldn’t manage to participate in the event, then his/her $DLS will stay in place, ready to be deployed for the next IDO, thus increasing the user’s chances to get on the next allocation opportunity.
This feature is the heart and core of this project, as it creates equal opportunities for any participant – either small, medium, or big investors. Even the smallest investor will have the possibility to get an allocation and get a chance to participate in Initial Decentralized Offerings held on DaoLand.
- How to Farm/Stake and Earn $DLS
There are actually 2 staking pools where users can stake their $DLD tokens – one has been specifically devised for IDO participants and the other one for “more speculative” users that see through the value of the native $DLD token itself. These pools allow users to either:
- Stake $DLD to earn $DLS (ticket) tokens
- Stake $DLD to earn even more $DLD
Users who prefer providing Liquidity/Farming over Staking also have that option. The DAOLand’s team has thus introduced LP farming pools for $DLD holders, with 2 farming pools that have been operational since December 10th. Users can provide liquidity – and consequently receive gainful rewards – by:
- Staking LP DLD-BUSD tokens to receive $DLS tokens
- Staking LP DLD-BUSD tokens to obtain $DLD tokens
Upon staking, the platform requires users to maintain their staking amounts for 7 days, else they will incur a 25% fee. So, for example, let’s imagine that a user staked 1000 $DLD tokens and also that, 2 days after, wanted to withdraw all of the deposited/staked amounts. In this case, the platform’s smart contract will withhold 25% of the withdrawing amount (that would be 250 $DLD tokens in the example). In order to avoid the penalty fee, $DLD stakers will simply need to wait for 7 days – this will allow them to receive their tokens back without any fee being imposed upon them.
So, while there is a 7-day penalty for early withdrawals, there is, instead, no fee when it comes to claiming rewards (the only exception being the usual network gas fees).
- DAOLand’s Dual-Token model
Here’s some basic information about the $DLD (DAOLand Diamond) native token:
- Token Name: DAOLand
- Ticker: $DLD
- Blockchain: Binance Smart Chain (BSC)
- Token Standard: BEP – 20
- Token Type: Utility
- Token Address Contract: 0x8fc68f19503ed28a4b72361ad8adcf7e0ee01b4c
- Total supply: 100,000,000 $DLD tokens
- Audit: Solidity.finance
And here are some technical details for $DLS (DAOLand Share):
- Ticker: $DLD
- Total supply: Infinite, which will be burned after utilization in IDO events
- Blockchain: Binance Smart Chain, Ethereum, Polygon, Avalanche
- Token Standard (untradeable): BEP – 20, ERC – 20
$DLD is DAOLand’s flagship token on Binance Smart Chain (BEP-20). $DLD’s main purposes are staking and governance.
The $DLS token is DAOLand’s “ticket” token. This token (and the platform) will have a multichain “DNA”: while the token’s “birthplace and origin” is Binance Smart Chain, team plans are underway to make it soon a “cryptopolitan resident”, by providing Ethereum, Polygon, Avalanche, and Fantom networks compatibility in the very near future.
We’ve just explained that users can receive $DLS rewards by staking $DLD and hinted at the fact that the $DLS token represents a ticket to the IDO event. The only way to participate in DAOLand events will be owning $DLS tokens, which – in turn – can only be received by staking the native $DLD tokens. This architecture has been envisioned with the goal of providing equal participation chances to investors. For that reason, the $DLS token won’t be tradeable.
Also, pioneering $DLD stakers will have a great advantage over latecomers due to a plugged-in halving mechanism (similar for some aspects to Bitcoin’s halving) that will reduce, over time, the rewards that could potentially be reaped by future stakers.
The $DLS token mining activity presents itself with some peculiar features. These are strictly intertwined with $DLS intrinsic design:
- The $DLS ticket token won’t have a hard cap supply and is burned after each use (IDO participation)
- Each mining epoch lasts 7 days
- During the initial epoch, 1000 $DLS will be put up for grabs each week
- After that halving events will occur every 17 EPOCHs
If we frame all this information together, it means that everyone that will decide to stake $DLD tokens on DAOLand’s mining pool will be sharing 1000 $DLS tokens/week with other pool participants, which will be allotted to each user proportionally to his/her $DLD staked amount. After 17 EPOCHs will have gone by, the reward per epoch will be halved and will be equal to 500 $DLS. Then again 250, 125, and so on. It should be clear how early $DLD platform stakers will benefit from a huge advantage over other users in the short, medium, and potentially long-term, by having the chance to accumulate $DLS ticket tokens in anticipation of future project launches.
The picture above showcases DAOLand’s fundamental details regarding the $DLD Token Economics, Token Distribution, and Vesting schedule (please check the grey captions, under each allocation frame, in the infographic). As you can see, we can quickly recap the distribution amounts as follows:
- A total of 18.35% of DAOLand’s supply has been allocated towards early sales (Seed, Private, IDO) and Community rounds.
- 16% of the project’s supply will go to the Marketing & Operations fund
- 38,65% will be reserved for the Liquidity, Rewards, and Incentives program
- The team maintains a 10% allocation while 3% of the supply has been allotted to the DAOLand project advisors
- Finally, the Reserve Pool (i.e. Treasury) will represent 14% of $DLD’s entire supply
- Partners & Investors
Since DAOLand’s very first, official announcement and launch in October 2021, the project’s growth has not gone unnoticed. The team managed to strike various partnerships (GotBit being the latest announced on the project’s official channels) while the project has drawn the attention of several renowned backers in the space. On December 8th, DAOLand has in fact announced the closure of its Private Funding Round, with over $1,600,000 raised and led by notable VC names, such as:
- Kangaroo Capital
- VBC Ventures
- Infinity Ventures
- Dutch Crypto Investors
- DEXT Ventures
… and many more (a full, comprehensive list of the DAOLand’s investors can be found here).
- The Roadmap
DAOLand has already hit some great landmarks in its path towards carving a spot in the IDO niche – the most important of which is, without doubt, the launch of the 1rst IDO project – Astra Guild Ventures – on the platform’s launchpad.
It’s worth noticing that DAOLand’s roadmap is teeming with exciting milestones and has a lot coming up for 2022, starting with DAOLand’s own (and yet to be fully revealed!) virtual world demo launch, NFT land sale, and DAOLand’s platform release on Avalanche and Fantom networks in Q1 2022, up to the very much anticipated Q2/Q3 Metaverse beta version and final release, together with NFT & GameFi Saas features going live… and much more. Let’s break everything down into compact, precise quarters:
Q1 – 2022: DAOLand’s Metaverse demo roll-out, Metaverse NFT lands sale, Avalanche and Fantom networks integration, DAOLand-based VC fund launch, the release of the governance platform, NFT launchpad and planned CEX listing.
Q2 – 2022: DAOLand’s Metaverse enters the Beta stage, NFT & GameFi Saas for DAOLand’s users plus new partnerships announcement
Q3 – 2022: planned final release of DAOLand’s Metaverse, DAOLand’s official card game release with exclusive NFT game items and rewards.
There’s quite some material to make any DAOLand user and fan quite enthusiastic about what’s in the works in the next weeks/months to come!
- Conclusion
Despite its young age, DAOLand features already a robust and fervent community with over 29,000+ members on its official Telegram Channel and over 53,000 followers on Twitter. We know that, especially in the crypto industry, a profoundly-rooted userbase and support is a fundamentally strong indicator of a project’s health status and well-being. We also believe that the relentless development effort and the ambitious goals that the team has set forward have played a prime role in defining DAOLand’s magnetic attraction and establishing the great community the project can currently boast.
We’ll be very curious and remain tuned to DAOLand’s channels to see whether the team will manage to create and organize a motley ecosystem in a synergistic and holistic way – one that’s so much needed in order to foster the platform’s growth in a borderless fashion, beyond the Binance Smart Chain galaxy and well over the vast depths of the crypto universe.
- Community and Social Channels (as of December 30th, 2021)
DAOLand’s Website
For everything you need to know about DAOLand, visit the official DAOLand Website.
DAOLand’s Telegram
Join the conversation on Telegram to stay in the know about DAOLand.
DAOLand’s Medium
To keep up with the latest updates from DAOLand, follow them on their official blog page.
DAOLand’s Twitter
Get in touch and social with other members of DAOLand’s community. Join the community on Twitter.
Legal Disclaimer
Both Satoshi Club and the article’s authors are not providing readers any individually tailored investment advice. The article does not constitute financial advice. The material is for educational purposes only and Satoshi Club nor any of its authors are responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
