What is DAO? A Decentralized Autonomous Organization for Global Massive adoption
Channel: Scale Novelty DAO
Date: 2024-03-19

In this video, what you will learn:

The Power of DAO
The Benefits of DAO
and Voting Power of DAO

What is Scale Novelty DAO?

In the evolving ecosystem of Scale Novelty DAO (SNDAO), the VSNDAO voting token represents a key instrument for community engagement and governance. Unique in its structure and utility, the VSNDAO token can only be converted to ISNDAO, the primary DeFi token of SNDAO. This conversion mechanism underlines the interconnected nature of participation, influence, and support within the DAO.

ISNDAO - The DeFi Token at SNDAO's Core:

ISNDAO operates under a 2% Protocol, a revolutionary approach to DeFi tokenomics designed to sustain the DAO's growth and secure its funding mechanisms. This protocol ensures that a 2% fee is applied to all trading activities involving the ISNDAO token, thereby creating a stable and transparent revenue stream that supports the DAO's initiatives and governance structure.

Moreover, ISNDAO is characterized by its scarcity, with a maximum supply cap of 1 million tokens. This limited supply model not only enhances the token's value over time but also aligns with SNDAO's principles of sustainable growth and responsible economic management. By integrating the 2% Protocol with a fixed supply limit, SNDAO ensures a balanced ecosystem that rewards participation, supports its operations, and maintains the token's exclusivity.

The VSNDAO to ISNDAO Conversion:

The conversion from VSNDAO to ISNDAO symbolizes a transition from active DAO participation to a deeper financial involvement in SNDAO's DeFi landscape. This mechanism allows VSNDAO holders not just to voice their opinions and vote on key proposals but also to partake in the economic benefits and responsibilities of holding ISNDAO. It reinforces the idea that governance and financial investment are intertwined, with both aspects contributing to the DAO's success and longevity.

#imsndao #scalenovelty