What is Loss DAO

Loss DAO is initiated by a poor programmer living in Beijing. In 2021, the promoters have experienced 519 liquidation, 97 liquidation and October 27 liquidation, $Bunny was stolen and plummeted, the dragon slaying game project rug, the bnb hero project rug, $Eternal and The Wizards & Dragons Game were plummeted. I realized it is an impossiable mission to earn its cost, so I initiated the Loss DAO to earn its cost by community members' wisdom. Loss DAO hopes to bring together the power of the community and use the raised funds pool to establish a community-managed cryptocurrency fund. The use of funds is completely subject to community voting. Whether you want to buy a meme project like $people or make a value investment in some blockchain projects with greater potential in the future, you only need to initiate a vote and vote for it.

$Lose is a community governance token issued by Loss DAO. Community members can use $Lose to vote to manage the fund. In order to prevent the giant whale from using a large amount of $Lose to control the Loss DAO, each time a vote is initiated, the amount of funds used must be specified, and the total voting value must be equal to 5 times the amount of funds used at the end of the vote, otherwise the vote will be invalid. In order to prevent people from maliciously issuing coins and then using the Loss DAO mechanism to purchase tokens, the currencies currently initiated on Loss DAO must be listed on CoinMarketCap or CoinGecko, otherwise the proposal will be automatically ignored.

About $Lose

50%: distributed to donation users 40%: Uniswap liquidity 5%: early community member rewards 5%: Emergency reserves, when the balance of the fund pool is too low, part of the reserves will be sold to supplement funds

Profit distribution: First, the principal will be invested back into the fund pool, and the rest will be redistributed 50%: Buy $Lose and destroy 95%, and the remaining 5% of $Lose will enter the emergency reserve pool 40%: Invested back into the fund pool 8%: Reward the initiator of the proposal. If the proposal is initiated by the DAO team, half of this part will be invested in the fund pool, and half will be used to purchase $Lose and be completely destroyed 2%: Assigned to the team to maintain daily construction