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$TROVE - "Trove DAO"
A new king of DAO's?
With so much utility, this one is hard to ignore.
🧵 A Project Feature -
$TROVE is a decentralized autonomous organization (DAO).
"With transparency being our highest priority, our community makes all of its decisions through voting and consensus. "
🔸 What is a DAO?
A decentralized autonomous organization (DAO) is an emerging form of legal structure. With no central governing body, every member within a DAO typically shares a common goal and attempt to act in the best interest of the entity.
Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottoms-up management approach.
"$TROVE is revolutionizing how we participate in cryptocurrency. We offer the community exposure to new and emerging projects, accessed exclusively through staking $TROVE. These opportunities occur via access to private sales.
Soon, TroveDAO will provide the ability to create your cryptocurrency with the click of a button from our launchpad, which you can submit as a proposal for funding to the DAO.
All internal and external proposals will be made subject to a rigorous vetting process led by our auditing arm before any decision is finalized, providing unrivalled peace of mind to our holders.
Our mission is to level the playing field for our users and provide them with numerous opportunities generally reserved for only a select few, all under one decentralized governing body, the DAO."
The TROVE team is absolutely stacked with tons of experience in the space. Marcelo, who is the founder of TROVE, also played a crucial part in $WAULT Finance’s success at one point and also was a critical part of $CHEDDA success.
TroveDAO, at the time of writing, consists of 8 core team members with a handful of moderators on social media channels.
Most notably their founder Marcelo Sardina-
"Considered a maverick in the cryptocurrency and blockchain communities. Sardina has become a jack of all trades throughout the ever-evolving cryptocurrency space as an eight-year veteran in the industry."
🔗 linkedin.com/in/marcelo-s-753178192/
Let’s start off with Staking.
You can earn a competitive APY and generate passive income created from the $TROVE treasury profits.
They have a fully working DEFI DAPP on which you can stake farm or swap. The fees earned from this platform will go right back into the treasury.
By buying and staking $TROVE, investors have the opportunity to invest in exclusive seed rounds and private sales. The TROVE team will work to ensure that only vetted projects with a proven track record in the space will get on the platform.
TroveDAO’s launchpad includes a wide variety of services to outside projects aiming to breathe life into their ideas. TroveDAO services include contract writing, project/presale launch, cross-chain bridges, staking/farming pools, website/UI integration, and dashboard development.
Adding the element of @Certik security, TroveDAO can provide a safe launchpad for both new investors and project developers.
Trove has launched their own auditing firm to ensure that any internal and external proposals will be made subject to a rigorous vetting process. Projects will also be able to get audited by $TROVE, thus providing another revenue model for the TROVE eco.
Through Trove’s launchpad, investors and the general public will have the opportunity to create their own token with a click of a button. If you need funding for your project, you can submit a proposal to the DAO as well.
TroveDAO has become the very first DAO to form a rare and distinct partnership with @EmbilyCard and @VISA to bring their very own cryptocurrency credit card to market, available for worldwide use.
The TroveDAO debit card will be available to European citizens first and then to USA citizens roughly a month later.
As an additional revenue stream for TroveDAO, they will be offering white-label crypto-cards to interested third-party projects for their use.