Donate Loss DAO to get $Lose
How to donate You can directly transfer $ETH to this address to make a donation. This address only accepts donations of $ETH tokens, and all donations of ERC20 Tokens will be regarded as unconditional support for the work of Loss DAO.
Significance of donations After the time-limited donation ends, Loss DAO will determine the total amount of $Lose issuance based on the number of donations and issue $Lose tokens to donors. Within 12 hours of the end of the token issuance, Loss DAO will initiate a proposal for the fund pool to purchase other assets. Community members can use $Lose to vote on the proposal to determine the flow of the fund pool. After gaining a certain amount of income, Loss DAO will initiate a proposal to sell assets. Community members need to vote on the proposal again. After the vote is passed, Loss DAO will sell assets and operate according to the profit distribution rules. This also means $Lose's price increase.
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
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