What is OpenDAO?
The OpenDAO (SOS) is a decentralized autonomous organization (DAO) that is dedicated to supporting artists and NFT communities. The OpenDAO community aims to create an inclusive and equitable environment for both artists and collectors in the digital space. This digital community is centered on the idea of leveling the playing field and promoting original work.
SOS is the governance token of the OpenDAO and aims to be the central asset for the metaverse and Web3 communities. The token is created by the community for the community and 10% of the total SOS is reserved for liquidity rewards on the platform. The goal of SOS is to support emerging artists, their original work, and NFT communities, as well as support art preservation and provide a developer's grant for those participating in the SOS ecosystem.
One of the key objectives of the OpenDAO is to bridge the gap between the metaverse and existing intellectual property. Additionally, the organization aims to build core infrastructure for the NFT ecosystem and create a decentralized community united by these goals.
Users can stake OpenDAO (SOS) and receive veSOS in return. 20% of the total SOS token is allocated for staking rewards, and veSOS comes with full voting rights within the OpenDAO. Additionally, veSOS can be used as the governance token in other protocols and projects and make the user eligible for potential airdrops. Staked SOS is automatically compounded, and upon unstaking, the user will receive the original SOS plus any additional rewards from the official staking pool or other revenue sources.
OpenSea is a marketplace that lists items in the form of unique digital collectibles (NFTs) that users can mint and trade. OpenDAO aims to compensate verified scam victims on OpenSea with SOS and promote a safe and secure environment for users. Overall, the OpenDAO (SOS) is an innovative and forward-thinking platform that provides support and resources for artists, NFT communities, and the metaverse.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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