wLitiDao; More than a Token
Unlike other tokens, Why does Bitcoin price has no effect on it?
What Is A Dao?
A decentralized autonomous Organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.
DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.
A DAO works without hierarchical management and can have a large number of purposes. Freelancer networks where contracts pool their funds to pay for software subscriptions, charitable organizations where members approve donations and venture capital firms owned by a group are all possible with these organizations.
What Does wLitiDao Do?
$WLD is an investment DAO that aims to builds wealth for its members through a portfolio of acquired assets and product offerings.
They have a quest to build products that make investing more reliable, more secure, and more legitimate. aiming to push the industry to new standards that protect investors through their original Wolf Audit & Certification, Project Insurance and launching ecosystems. They belive this can’t be done alone, but to move along as a pack would be much better.
They also strive to find assets and investments that grow the power and utility of the pack. Through things like litigation finance and vote based profit sharing for WLD holders, creating opportunities for returns that aim to grow the reach of Wolf Works to a whole new level. This makes sure your investment holds value that the market price reflects and not the other way around.
How did The wLitiDao Token Survived the bear market?
Well that’s a very interesting question, considering what we can see in the chart above, which is a one month chart of WLD and d other coins, we can all agree that majority of the cryptocurrency market has been falling for over a month, bitcoin as it is, is one major coin behind this bear seasons, but unlike with the other tokens WLD kept growing.
Some of the founding members were able to make some explanations to this;
“The Value does not rely on BTC or any other cryptocurrency prices”
“Disruptive offerings with the potential to reshape the cryptosphere into safer investing with trustworthy projects.”
“Bringing confidence into your cryptocurrency investing.”
“WLD is more like a “stablecoin” than most tokens. It is backed by realized assets and will be diversified so that it will not be affected by volatile markets.”
“As long as our investments are still in existence i.e, Litigation lawyers are still making us money there is no reason why our market price would be affected other than people panic selling because their other assets have been depleted but after the last few weeks it’s pretty clear we have some diamond hands in here.”
“It doesn’t matter what WLDs market price is (except for aquiring). Unlike any other token, you take profits by holding this one!”
“What’s important is how many tokens you own not necessarily the market price. If anything a low price right now is enticing not because of potential to increase which it will, but because you can buy a boatload of tokens for a bargain right now.”
Distributions; One of The Benefits That Comes With Holding WLD
How It Works
WLD will distribute profit from the treasury when there are excess funds in the treasury and the DAO members (a DAO member is anyone holding WLD tokens) approve the distribution through a vote. Distributions from the DAO’s treasury are paid prorata to every WLD holder.
Calculating Distributions
distribution amount / supply of WLD = distribution amount per WLD
your WLD balance * distribution amount per WLD = amount paid to your wallet
Eligibility
A snapshot of WLD balances will be taken before the distribution date. The only thing you need to do is hold WLD in your wallet when this snapshot is taken. As long as your wallet holds WLD, funds distributed from the treasury will be sent to that wallet.
Final Note
DAOs are fully autonomous and transparent. As they are built on open-source blockchains, anyone can view their code. Anyone can also audit their built-in treasuries, as the blockchain records all financial transactions.
Being internet-native organizations, DAOs have several advantages over traditional organizations. One significant advantage of DAOs is the lack of trust needed between two parties. While a traditional organization requires a lot of trust in the people behind it especially on behalf of investors with DAOs, only the code needs to be trusted. Trusting that code is easier to do as it’s publicly available and can be extensively tested before launch.
Every action a DAO takes after being launched has to be approved by the community and is completely transparent and verifiable.
For further information, FAQs on the pack, and how to join and get this tokens. Visit the official website wLitiDao.
