DAO Maker Guide: Participation in IDO, Tiers and Launchpad Requirements
What Is DAO Maker?
DAO Maker is a solution provider for growing and launching blockchain projects. As a rule, such providers are called launchpads.
Launchpad is a platform for raising funds for an early-stage crypto project from retail investors, not funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.
DAO Maker is currently one of the most productive and active launchpad, having launched a total of around eighty projects with a total ATH ROI of almost 3,700%.
Should I choose DAO Maker?
DAO Maker is a well-designed solution for participating in pre-sales for both investors and blockchain project creators. The platform uses a clear user interface, registration is straightforward, and DAO tokens can be purchased on major cryptocurrency exchanges.
According to Cryptorank.io, DAO Maker is one of the most profitable platforms on the market. Given this fact and all of the above, DAO Maker is really worth a look.
How Does DAO Maker Work?
Like most launchpads, DAO Maker requires the user to have a fixed number of tokens in their account to take part in the launch of a new project. Currently, that amount is 2000 DAO. For each DAO token held in the cryptocurrency wallet, the user receives 1 unit of DAO Power. DAO Power is used to participate in initial token sales (SHO), SEED sales or dynamic coin offerings (DYCOs)—the latter being a variation of the partial return token sales method.
Users can triple their DAO power by bidding on DAO-USDC Uniswap LP tokens. By bidding on DAOs, users also receive revenue in the form of token of their chosen project, e.g. Evolution (EVN), Yield Protocol (YIELD), Open Ocean (OOE), etc.
Users allocate the required amount of DAO Power to the project they want to participate in. Users then enter a lottery to win the allocation. The more DAO Power allocated to a particular SHO, the better the chances of winning (more DAO Power means getting into a higher tranche of the lottery).
The current trench system is as follows:
Statistics and Performance
The amount of DAO Power that the user has allocated to the project will be locked until the winners of the token sale are announced. If 2000 DAO Power was allocated and the user was the winner, their DAO Power of the same amount will be deducted and restored after 15 days.
If the user did not win the allocation in the SHO, DAO Power will be returned to him upon completion of the tokenseal, and he can use DAO Power in the future for the next SHO.
According to statistics cited by cryptorank.io, DAO Maker ranks first among similar platforms. So far, DAO Maker has raised $24.16 million in investment, with an average ROI of 47.32x.
This demonstrates the confidence with which early-stage blockchain ventures are launching their tokens on DAO Maker, and the potential for high returns for retail investors participating in SHO.
The results of recent IDO held at DAO Maker are shown in the following table.
My Neighbor Alice [ALICE]
Orion Protocol [ORN]
Victoria VR [VR]
What do you need to participate in IDO on DAO Maker?
In order to participate in IDO, the user needs to do the following
DAO Maker Tiers
Depending on the amount bet on DAO, users are placed into one of 5 tiers. The recommended requirements for DAO Maker tiers are currently as follows:
How do I buy DAO? Read our detailed guide here.
Current Price, £ 1.066 Market Cap, £ 102,189,000
How to get whitelisted on DAO Maker IDO: Tiers Rules
As already written above, the more DAO Power has been allocated to a particular IDO, the higher the chance of receiving a guaranteed allocation and winning the lottery. Relates the tranches, the chance of winning looks similar:
Accordingly, higher priority will be given to users who have a higher tranche than the others. The 10 users with the highest priority are guaranteed a place on the whitelist.
How to participate in DAO Maker IDO
In order to take part in IDO on DAO Maker, you need to do a few specific things.
Step 1 — Registration
First, you need to register on the project website. To complete this, click on the Register button on the home page and a registration form will open. You can register with an email address as well as with a Google or Twitter account.
If you are registered with an email address, you will follow the link sent to your email to confirm your registration to complete the registration.
Step 2 — Identity confirmation
The next step is to confirm the identity of the registered user. This is a critical step, as it is not possible to participate in IDO without going through the KYC procedure.
After you have registered and logged in to the DAO Maker website under your account, the banner asking you to verify your identity will be displayed on the homepage. To go through this procedure you will need to provide your date of birth and country of origin, and you will also have to provide:
Step 3 — Connecting the crypto wallet
Next, you need to connect a crypto wallet to the DAO Maker website. We recommend using a web wallet such as MetaMask. You can read a detailed review of this wallet on our website.
To connect the crypto wallet, click the Connect Wallet button in the upper-right corner of the website. Connection is made in just a few clicks. Once the wallet is connected, your crypto wallet number will be shown instead of Connect Wallet.
Step 4 — Buy DAO tokens
After connecting the cryptocurrency wallet to the website, you need to buy the amount of DAO tokens required to participate in IDO. The amount must be at least 2,000 DAOs. You can buy tokens from the exchanges listed on this page.
Step 5 — Participation in SHO
Once the DAO tokens have been purchased, it is possible to start participating in IDO. Recall that in DAO Maker terminology, this process is called SHO. To participate in SHO, the user has to deposit his DAO tokens into the DAO Vault. This can be done on a special page on the site. But before you decide to deposit your funds to participate in SHO, you can pre-calculate the income you will receive. The developers of DAO Maker have made a separate tool for this called Venture Yield Simulator.
For more details on how to deposit tokens into DAO Vault and take part in SHO, see the video below:
DAO Maker Team
The DAO Maker is made up of IT specialists from all over the world. They are employees with many years of experience in large projects. Here are some of them:
DAO Maker takes its activities seriously, as evidenced by the detailed documentation of the project. It can be found at this link.
DAO Maker News and Updates
The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.
Is DAO Maker available in the UK?
DAO Maker is not a scam, the site is legal and available in the UK.
Is DAO Maker Safe?
In August 2021, the platform was hacked, causing $7 million in damage to users. The vulnerability that led to the hacking of deposit accounts has now been closed. DAO Maker compensated users for their losses. Since that incident, the security of the platform has increased and there have been no hacks.
How do I participate in DAO Maker?
To participate in IDO on DAO Maker, you first need to register on the project website and complete identity verification. Then you must purchase enough DAO tokens to participate in the IDO, but not less than 2,000 tokens. Directly to participate in the selected IDO, DAO tokens have to be placed in the DAO Vault.
Thanks to an excellent team of developers, DAO Maker is considered one of the leading platforms of its kind for good reason. It's a user-friendly, well-made product that does its job brilliantly. This is confirmed by the high results of the projects that have started on DAO Maker.