The scientific DAOa decentralized fundraising platform that offers pre-IPO investment options in cutting-edge technologies and projects, debuted on May 5, 2022.
The Science DAO’s goal is to use Web3 to help fund disruptive, game-changing discoveries and make cutting-edge technology more accessible to the masses than ever before!
As a decentralized autonomous organization built on the Ethereum blockchain, the team aims to leverage the community-building power of DAOs to create a strong and loyal group of creatives and bright minds.
The Science DAO – Making brighter dreams a reality whatever the circumstances!
Many great brains and creatives never get community support for their ideas. Many of these concepts may never be implemented. The Science DAO strives to nurture these ideas and provides everyone with access to like-minded and helpful people.
Members of the DAO will be able to apply for funding for projects. Not all initiatives will be selected, but even those that do not receive direct DAO money have the potential to garner support from DAO members.
The Science DAO is led by a group of strong, creative and diverse people who want to make a difference in the world by democratizing science funding and creating space for innovators to get funded.
Moreover, it is a decentralized think tank, incubation engine and acceleration platform intended to enable innovators, entrepreneurs and institutions to interact and make informed investments in a wide range of technologies and life sciences.
The goal is to make cutting-edge technology and scientific advancements accessible to the general public to improve society and humanity. The ultimate goal would be a fully functional DAO for science.
NFT Creation and Marketing
The Science DAO is a venture capital fund that aims to finance projects from inception to launch and beyond. Through the production and commercialization of NFTs, the DAO will fund these digital and non-digital asset community initiatives.
Every innovation featured on the platform will be NFT as a fundraiser, with revenue from NFT sales going to the intended cause. NFTs would be associated with public services, such as the ability to quickly acquire a market-ready product or access to preferred Series A and B funding rounds.
Redeem Science DAO Token
The Science DAO THEORY ($THRY) token will be used as a governance token to democratize and decentralize the project funding process. Token holders will have voting rights proportional to their token holdings as a percentage of the total token supply.
Token holders will also have direct access to proceedings and advancements throughout the existence of the project.
To purchase the token, investors must first register a MetaMask wallet, which allows them to buy, sell, send, and receive THRY tokens. Ethereum can then be transferred to the wallet.
Additionally, investors can purchase Ethereum directly from MetaMask as well as other exchanges.
The Metamask wallet will be linked to UniSwap for fast exchange of Ethereum for THRY tokens. Then, anyone holding a THRY token can vote on projects.
The objective of the initiative is to disseminate to the general public innovative technologies and scientific advances in development to improve society and humanity.
Step-by-step procedure for nominating projects
The operation of the Science DAO is simple. Anyone seeking funding for an idea or project must first submit their proposal to the DAO.
The project is then evaluated by the members of the DAO, who then vote. Each governance token, like most other DAOs, is considered a vote.
The DAO develops a related NFT that reflects fundraising when the project is approved. All profits from the sale of these NFTs (mints and sales on the secondary market) are allocated to the development of the project.
There would undoubtedly be a large number of projects that would be rejected, but innovators could still obtain funds and be encouraged by individuals within the DAO.
Other than that, the Science DAO is a decentralized experience. As a result, using DEXs for trading is the path that Science DAO is most suited to.