What Is Governor DAO (GDAO)?
Governor DAO (GDAO) is a decentralized autonomous organization that enables other projects and networks to adopt decentralized governance principles in their own token models and communities.
In essence, this “DAO of DAOs” service encompasses several unique components that are accessible to both new and established projects alike.
These services include:
- Proof-of-Existence Whitelist: A tokenized registry of provably unique Ethereum wallets any project can reference for sybil-resistant contracts. This can be used for voting, airdrops, token sales, and much more.
- Metavoting: Clients allocate or lease project tokens to Governor DAO treasury so Governor community members collectively vote on their protocol with GDAO.
- Contracts/Consultations: Projects leverage Governor DAO best practices, proprietary smart contracts, and mature voting community to help ensure their own ability to launch a working DAO, effective governance, fair token launch, etc.
Governor DAO is a true DAO. Token holders retain full ownership of the project’s treasury reserves and revenue. Ultimately, further direction and build outs are determined by the token holders themselves.
How Many GDAO Tokens Are There in Circulation?
The total supply of GDAO is 2,921,625 (initially 3,000,000 with some amount of token burn). Of the total supply, 2,172,362 GDAO is in circulation (as of May 20, 2021).
GDAO was a fair launch token. A significant portion of the supply was airdropped to token holders at time of the CBDAO exit scam in October 2020. The rest were allocated between liquidity programs, yield farming, and treasury reserves. No tokens were allocated for the team or for token sale.
Who Are the Founders of Governor DAO?
Governor DAO was created as a true, community initiative among token holders who were rugpulled by CoinBreeder DAO. The founders were token holders who believed strongly in the initial vision of the project (DAO of DAOs) and remained determined to build it out themselves.
You can see some core members of the Governor DAO team here.
Because Governor DAO operates as a decentralized autonomous organization, there are over a dozen community members that play elevated “team roles” beyond the individuals listed on the website.
Where Can I Buy Governor DAO (GDAO)?
GDAO is primarily traded on Uniswap v2.
It is additionally traded on Gate.io and Bilaxy.
New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.
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