Cult DAO $CULT

Cult DAO is a unique crypto project that leverages its own tradable and liquid token, CULT, to further its commitment to decentralized technologies. CULT functions as a fuel to steadily fill the DAO treasury, which is used as a funding source for investments in decentralized technologies. This is achieved through a 0.4% tax on all CULT transactions.

About CULT

The CULT token forms the backbone of the Cult DAO ecosystem. It is designed to contribute to the protocol, helping sustain and grow the DAO treasury. Each transaction involving CULT contributes to this treasury through a nominal 0.4% tax charge, facilitating continued investments in decentralised technologies.

Role of dCULT

Complementing the CULT token is the dCULT or "proof of stake token". When users stake their CULT tokens into the DAO, they receive dCULT in return. This proof-of-stake token can be swapped back at any time into the original amount of CULT staked, plus any rewards that were allocated to the DAO during the time that the dCULT was held by the user.

What sets CULT apart?

CULT stands out from other decentralised investment platforms for its complete autonomy. There are no external controls or human interference in its operations. The design of the system is such that it is impossible to change Cult, access its liquidity, or alter the smart contracts or the token itself. It operates independently of any external interference from developers, governments, or any regulatory body. This resilience extends to physical threats as well - even if the servers are destroyed, the code persists and the investments in decentralised technologies are safeguarded.