Cult DAO is a decentralized autonomous organization (DAO) that was created to fund and empower those building towards a decentralized future. CULT fights against centralization and provides funding to those with world-changing ideas.
Cult DAO aims to be a decentralized venture capital protocol that will invest in decentralized radicals and revolutionaries. Transactions with the CULT token contribute to the protocol by filling the DAO treasury slowly with a 0.4% tax that is taken on all CULT transactions. dCULT is the "proof of stake" token for CULT. When you stake your CULT into the DAO, you are given dCULT, which can be swapped back at any time into the amount of CULT you staked originally, plus any rewards that were given to the DAO in the time period you owned dCULT.
Guardians are the top 50 token holders responsible for safeguarding proposals in a decentralized autonomous organization. They submit proposals to the Many for voting, but cannot influence them with their wealth. Proposals must fight against centralization, further decentralization, or directly benefit a noble cause.
The total supply of CULT token, the native token of the Cult DAO, is 6,666,666,666,666, and 4,318,690,730,920 of them are in circulation.
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