HyperDAO, The World’s First Decentralised Crypto Charity
DAO: The Hottest Trend in 2022
Investors who have been following the trend of decentralized autonomous organizations (DAOs) will be thrilled to learn that they have become a hot topic in the crypto market. A growing number of investors and institutions are turning their focus to DAOs. For example, celebrity billionaire Mark Cuban has called DAO “the ultimate combination of capitalism and progressivism”. Leading venture capital firm a16z has raised millions of dollars in funding on DAOs, while Messari has predicted that DAOs will reign supreme in 2022.
So, what exactly is a DAO? A DAO is a community of people working together on new projects or investments through a decentralized model. The founder of Ethereum, Vitalik, once made the following statement about DAOs: “ I think DAOs are definitely going to be more important over time.”
The DAO-Based HyperDAO Charity Protocol
With the global pandemic still raging on, and with an escalating conflict between Russia and Ukraine, more people around the world have been adversely affected and have ended up in poverty. HyperDAO aims to bring together dedicated supporters around the world through the open, transparent, and decentralized approach of DAO to assist those in need, and to make the world a better place.
HyperDAO’s main mission is to raise funds for charities around the world, and to raise awareness for charitable causes through the power of blockchain. To achieve this goal, HyperDAO will provide a platform for organizations to raise funds, and donate the proceeds to individuals, institutions, and non-profit organizations. If you would like to lend a helping hand to those in need, please join HyperDAO and become a part of a worthy cause.
HyperDAO is making it possible for individuals to join a charitable cause easily, working with like-minded partners from around the world to volunteer for causes that they support. Every transaction and decision will be transparently stored on-chain, and members can have peace of mind knowing that their contributions are not going to waste. HyperDAO’s charity protocol is an advocate of transparency, cryptocurrency tokenization, community governance and ownership, and decentralization. We believe that it has the potential to revolutionize the charity sector.
HyperDAO’s Donation Process
1. Voting: Users can vote to decide which charity to donate to. Once the voting phase begins, users will be required to complete their votes by the deadline for them to be valid. Participants will be informed of the final results after the voting period ends.
2. Announcement: Once the voting period has ended, the charity projects that were shortlisted will be announced on the HyperDAO website.
3. Donation: All donated funds, except for a small sum that will be set aside for HyperDAO’s operating costs, will be automatically transferred to the projects.
4. Transparency: The donation process is completely transparent. Participants will have access to the details of the donation on-chain, including the transaction date, total sum, and recipient.
HyperDAO aims to help create a better future for society through its charity protocol. We welcome everyone to come together to contribute to philanthropic causes, decide on the future of HyperDAO through community governance, and leave an ever-lasting impact on the world.
HyperDAO’s charity protocol is a “hope” for a new era, and serves as a launchpad for individuals who are looking to be a part of HyperDAO’s community. The protocol will focus on helping noble charity causes, all in order to change the world one step at a time.