Magnet DAO is a crypto incubator that uses its treasury to cultivate, incubate, and invest in early-stage crypto projects. Magnet DAO uses 10% of bond profits to invest and incubate high-quality crypto projects, effectively turning the DAO into an on-chain venture fund. Magnet DAO has strived for transparency, fairness, and innovation since its inception. This includes building novel pre-sale / fair launch mechanisms from scratch in order to bolster the protocol’s treasury and allow the entire community to invest in Magnet in its earliest stages, significantly distributing its network and mitigating any concentrated holders / whales.
Magnet DAO was the first reserve currency protocol to introduce the concept of decentralized venture capital, and it has the right team to execute on this vision. The team stems from backgrounds in crypto venture capital, software engineering, graphic design, marketing, and more. While early-stage investments are a focus, the team plans to have a much more involved approach, establishing a builder-first mindset and an incubation model.
Magnet DAO plans to build protocols which will be owned by the Innovation fund. Magnt DAO also plans to work directly with developers and founders in their earliest stages, providing guidance and funding along the way - reimagining the traditional Web 2.0 accelerator model in crypto.
An Introduction to Magnet DAO
November 11, 2021
An Introduction to Magnet DAO - Magnet DAO - Medium
October 29, 2021
Community Offering and Tokenomics Update: A Closer Look
November 30, 2021
Investathon -- Announcing our winners!
March 17, 2022
Magnet DAO AMA #1 - Magnet DAO - Medium
November 11, 2021
- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- Decentralized Finance (DeFi)DeFi is short for "decentralized finance," an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries.
- DAODecentralized autonomous organizations (DAOs)