GEN(DAOstack)

Hotbit does not provide endorsement for any blockchain assets. All introduction information regarding the assets is originated from third party sources and that emissions and errors might occur in the information provided.

The investments in blockchain assets are highly risky; the user is solely responsible for undertaking the risks of any asset shrinkage or lost. Please do conduct investment activities cautiously based on your own situation.

DAOstack powers decentralized companies, funds and markets to make fast and innovative decisions at scale. It’s a platform for decentralized governance that enables collectives to self-organize around shared goals or values, easily and efficiently. DAOstack is sometimes called an operating system for collective intelligence, or a Wordpress for DAOs. The platform launches June 2018 and includes a modular smart contract framework, a friendly javascript developer environment, and an intuitive user interface that allows anyone to create or participate in a decentralized organization without technical knowledge. Most of the expected proceeds from the DAOstack token sale will be reserved for management by a DAO fund, in which the community of GEN token and reputation holders will create proposals for the allocation of resources.

For a comprehensive overview of the GEN token and the DAOstack project, please read: https://daostack.io/deck/DAOstack-Deck-en.pdf

Token Status and Distribution

Hard cap:

USD 30000000

Initial token price

710 GEN = Approx. 1 ETH

Token Supply:

60000000 GEN

Tokens to be sold:

40000000 GEN

Percent of tokens sold across all sales:

66.67%

Token distribution

40M for sale

10M for DAOstack existing contributors

10M for DAOstack future contributors

In addition, the Genesis DAO, a community-managed fund in which anyone can participate, will eventually have the ability to mint and allocate up to 40M additional tokens.

Token reserve split

50% for DAOstack existing contributors, including the founding team, advisors, and service providers. Team and advisor tokens are locked for 2 years

50% for future contributors to the DAOstack ecosystem

In addition, the Genesis DAO, a community-managed fund in which anyone can participate, will eventually have the ability to mint and allocate up to 40M additional tokens.

Contract address:0x543ff227f64aa17ea132bf9886cab5db55dcaddf