CrDAO (Crunchy DAO) is the Crunchy.network governance token.
Contract Address: KT1XPFjZqCULSnqfKaaYy8hJjeY63UNSGwXg
Token ID: 0
Initial Capped Supply: 12,000 CrDAO
Supply may be increased by a proposal and passing vote.
| Distribution | CrDAO |
|---|---|
| Crunch.Network’s Share | 2,000 |
| XTZ/CRUNCH QTP Farm | 5,000 |
| XTZ/KUSD QTP Farm | 2,500 |
| XTZ/wWBTC QTP Farm | 2,500 |
Initially users will be able to obtain CrDAO by earning it on one of three yield farms. There will be a XTZ/CRUNCH QPT farm that yields 5,000 CrDAO. There will additionally be farms on XTZ/KUSD QTP and XTZ/wWBTC QTP that will yield 2,500 CrDAO each.
Users can get CrDAO on the Quipuswap DEX where anyone may then freely buy or sell it on the open market.
Crunchy.network will not create or provide initial liquidity for a CrDAO pool. This task may be done by any member of the community who has CrDAO and wishes to do so.
One of the greatest aspects of CrDAO is its governance potential. CrDAO will not only reap you benefits such as CrDAO-exclusive farms and revenue sharing, but will also be the key piece to making Crunchy.network truly a decentralized Defi-as-a-Service platform.
As of right now, we are currently testing how we will utilize the CrDAO voting mechanism. Currently we have a specific channel in our Discord at https://discord.gg/R3CmJZkyKP in the #dao-general group. To qualify, you must complete a few steps…
Voting is currently in Beta and there will be future adjustments and guidance made to how voting will take place.