Decentralized autonomous group CULT DAO, is searching for to advance the decentralized finance revolution, proclaims Revolt (RVLT), which attracted the eye of Nameless. The decentralized worldwide activist and hacktivist group appears to help CULT DAO’s most up-to-date idea, because it seems within the group’s latest Twitter bio and likes.
This isn’t the primary time Nameless has hinted at their help for CULT DAO as on the twenty third March earlier than a steep climb in CULT’s token value Nameless posted the exact same Charlie Chaplin The Nice Dictator speech which makes up a core function and soundtrack of CULT DAO’s web site https://cultdao.io.
Revolt 2 Earn, the idea Nameless seem to have proven help for, is the CULT DAO ecosystem’s first token. It was constructed on the Polygon blockchain as a proof-of-stake (POS) token with 0.4% taxation and the DAO ought to difficulty it within the upcoming months. The token is CULT’s first sibling. Nevertheless, whereas CULT works to fund the protocols accelerating decentralization, RVLT goals to help the person CULT DAO customers (The Many) working in direction of the identical objective.
In a latest weblog, Cult DAO founder Mr. O’Modulus talks in regards to the Revolt 2 Earn idea:
“Society is designed to make it as troublesome as potential to interrupt away from financial, societal, and social norms. So what if supporting the $CULT ecosystem could possibly be in itself a full-time or part-time job?”
This idea led him to develop a self-governing, autonomous ecosystem that will reward those that construct and contribute on a big scale (The Guardians) in addition to those that accomplish that at a smaller, particular person but simply as vital stage. The latter revolutionaries are the Many, and so they can use RVLT for each staking and rewards.
The Many are beneath direct authorities by the CULTmanders. These are RVLT stakers, and principally, each staker generally is a CULTmander in the event that they stake for a mid-long interval.
Every month, the protocol will randomly decide 490 stakers and 10 constant NFT house owners from all of the RVLT stakers (uRVLT house owners). These 500 members need to approve or disprove the customers’ motion submissions supporting the “CULT revolution.” Their actions can embrace something so simple as stickering, leafleting, shilling, or civil disobedience.
This technique ensures each stage and particular person rewards and will permit customers to interrupt away from the present centralized system. In different phrases, it permits them to revolt by speaking about CULT and the CULT Manifesto to others.
In the identical weblog, Mr. O’Modulus says:
“This protocol exists to permit The Many wouldn’t have to depend on wage labor totally, or partly and to fill the hole and pay customers to additional the reason for decentralization and the CULT ecosystem.”