Theme：LuckyDAO x CeresDAO AMA Share
Host：Lucky （LuckyDAO)
Guest ：LuRa.（CMO for Ceres DAO）
Time：Sept 8th, 6:00 PM（UTC+8）
Address：https://t.me/LuckyDAO
Q&A：
Q1:Welcome to LuckyDAO and this edition of AMA! I'm Lucky, the host of this event, LuckyDAO is a Gamefi full-cycle service platform that integrates project investment, project incubation and brand promotion. Dedicated to helping projects develop quickly, it provides comprehensive support to partner projects in terms of funding, offline marketing, brand operation, technology and compliance. Welcome today's guest, LuRa. Hi LuRa, nice to have you here, can you give us a brief introduction to Ceres DAO?
A1:Hello to everybody! I'm CMO for Ceres DAO, Bamboo. With almost ten more years of experience in the blockchain sector, I constantly keep a positive outlook on the advancement of Web3.0 and DAO!
Ceres DAO is the world's first decentralized digital asset management infrastructure and management system based on DAO governance and powered by Web3. Using a new, standardized DeFi asset investing paradigm, Ceres DAO offers non-custodial, decentralized asset management services for digital asset holdings.
Ceres DAO is a community-driven organizational structure that, in terms of governance, offers a flexible mechanism that can involve DAO members in investment choices in a way that conventional venture capital fund models cannot.
The growth of the cryptocurrency business and the DAO concept are also causing changes in the current venture capital paradigm. The distributed office model of the DAO allows for joint decision-making in manufacturing, and the DAO organizational model harnesses the collective wisdom of the group to make investment decisions. The most important thing about the DAO community is that it unites people from all over the world with different professional backgrounds.
Members of the DAO have similar goals, so to protect their own interests, they will pool their resources, knowledge, and ideas to help steer projects and programs that look promising.
Q2:We adore DAOs and think they're the future of cryptocurrency. What distinguishes a DAO from a conventional VC?
- A2: The DAO model really makes it possible for investment funds to operate on the blockchain, which further increases the transparency of investment decisions. This means that instead of relying on a centralized leadership group to implement strategy, the community must communicate to manage the fund and the implementation and formulation of strategies through on-chain voting.
Q3:Can you tell us more about the native Ceres DAO tokens $CRS and $CES? What roles do tokens play in your ecosystem?
A3:DAO participants have more freedom than conventional crypto venture capitalists. According to the DAO's protocol framework, any DAO member has the right to withdraw from the DAO at any time and get back his share of the investment. Additionally, it prevents DAO members from becoming stuck in a "governance paradox," allowing for greater organizational flexibility. On the other hand, conventional crypto VCs often ask investors to commit to the fund for a certain amount of time.
I
Ceres DAO uses a co-share model, also known as AB shares. There are two main tokens included in the Ceres DAO ecosystem, which are the CES Token and the CRS Token.
Among them, CES Token is an equity token, while CRS Token is a secondary market liquidity token. The price of both is 1:1, but the equity is different, and we will discuss each of them and the relationship between them next.
1、Equity Token – CES
The biggest role of CES, Ceres DAO’s equity token, is to determine the next action and direction of the DAO through on-chain proposals and voting.
The CES Token can be minted in two ways.
1) VC Pool (Mainstream Asset Pool)
VC Pool conducts CES minting through mainstream assets such as BTC, ETH, BNB, FIL and etc.
2）Bond Pool
Bond Pool minting CES via stablecoins such as USDT, USDC or BUSD. The VC Pool and Bond Pool have a daily minting limit of 1 billion CES Token. After CES is minted by the above two methods, it will be released linearly after 7 days.
The funds in the CES mint pool will be distributed in the following proportions.
- 50% – injected into the treasury
- 30% – injected into LP pool (converted into stable coins and matched with CRS token for LP tokens)
- 10% – Commission (5% for CRS buyback-burn, 5% for operations)
- 10% – Marketplace Incentive (5% for DAOs Incentive, 5% for Nodes Incentive)
- Circulating Token – CRS
CRS is a liquidity token issued by the Ceres DAO protocol, whose primary role is to provide good liquidity to the entire ecosystem.
In terms of access, CRS Token can be obtained through CES pledge, DEX purchase or 1:1 exchange of CES.
CRS has a total supply of 1 trillion tokens, for which the specific allocation ratio is shown below.
- 60% – Mining Pool
- 10% – Foundation
- 15% – Institution
- 7% – Development
- 7% – Ecosystem
- 1% – IDO
3、The relationship between CES and CRS
Following the foregoing introduction, it is clear that the core components of the Ceres DAO protocol are CES, an equity token, and CRS, a liquidity token.
Users can acquire CRS Token through staking, secondary market trade, or the CES exchange, whereas CES Token can be acquired through the two minting methods listed above.
In terms of CES and CRS conversion, it is carried out precisely in a 1:1 ratio (not reversible). The ratio of this component of funds is provided below. At the same time, a transaction tax of 20% will be imposed on the conversion of CES to CRS.
- 10% – injected into the treasury
- 5% – injected into LP pool (converted into stable coins and matched with CRS token for LP tokens)
- 5% – as commission (2.5% for CRS buyback-burn, 2.5% for operations)
It is worth noting that both CES and CRS can be staked to generate CRS Token. Staking is critical to the long-term growth of the ecosystem. Users are incentivized to stake their CES and CRS for compound returns. The incentive rate can be adjusted to market conditions to avoid hyperinflation.
Q4: Can you share us the details regarding the staking mechanism?
A4:The current actual status of pledge awards is shown in the following chart.
In the staking mechanism, the maximum daily CRS output is 100 million coins/day. If the actual output of the staking falls below 100 million pieces, the remaining CRS will be burnt to avoid hyperinflation.
Ceres DAO uses an AB share model that allows the entire ecosystem to remain relatively stable by operating with a clear separation between equity tokens and liquidity tokens.
By carefully examining its AB share concept, we can quickly see that there is some innovation in the design of Ceres DAO's economic model. In an effort to guide the community toward true decentralized governance, the project owner has always purposefully avoided over-centralization. At the same time, the allocation ratio allows us to determine the trade-off between community feedback and project development.
However, we are unsure of how effective it will be in practice, which will surely require a lot of tests and attention.
Q5:Can you share us the details regarding the governance mechanism?
A5: In the Ceres DAO ecosystem, each DAO or Node has its own NFT (i.e. Rich Panda family), which is freely transferable. The difference in authority between DAOs and Nodes NFTs is shown in the following figure.
The assets used to cast the NFT will be distributed according to the following allocation.
•50% – injected into the treasury
•50% – Copyright tax
Under this governance model, the governance of Ceres DAO will have the following major features.
•DAOs will involve in the governance and deployment process of the protocol.
•After screening for quality projects or better investment opportunities, both DAOs and Nodes can initiate proposals to the platform. This includes, but is not limited to, new product releases, integration and collaboration with other protocols, and deployment in other Layer 1 ecosystems.
•TOP50 DAOs can participate in the governance of the platform and have the right to vote. If the approval vote reaches 67% or more, the proposal will be adopted and implemented.
However, as the market value of CES Token continues to grow, becoming a TOP50 DA0s will undoubtedly require more funding. Therefore, subsequent communities may form sub-DOs, and sub-DOs may also enter the ranks of TOP50 DAOs as a whole (multi-signature addresses) to gain access to governance.
Q6:Can you briefly introduce the treasury and its investment strategy?
A6:The Treasury of Ceres DAO will utilize a mix of "Beta" and "Alpha" investing strategies. As a decentralised venture capital, Ceres DAO must take into account both rewards and risks. Since it can be hard to combine the two into a single investment plan, it is inevitable that more than one strategy will be used.
The Beta strategy accounts for a bigger portion of the capital in the overall investment strategy since it provides Ceres DAO with a more steady investment return that is relatively safe despite the volatility of the cryptocurrency market.
On the other hand, the Alpha strategy concentrates on potential projects and seeks enormous returns, which naturally also means that it will also face greater risks. As a result, the Alpha strategy will make up a smaller percentage of the overall investment plan, and its investments will be subject to more rigorous scrutiny. After all, unlike BTC and ETH, the Alpha project usually does not receive much attention during its early days.
As treasury continues to grow, it encourages users to participate actively in the Ceres DAO ecosystem through CES staking. The treasury dividend is allocated as follows:
1) 80% of the treasury’s revenue is distributed to CES stakers,
2) 10% to the top 50 DAOs and
3) 10% to project operation.
The percentage of the treasury investment dividend that is given out shows how carefully the project works to promote both its growth and its social responsibility.
A multi-signature wallet, as the name suggests, is a wallet that requires multiple signatures to execute a certain transaction. This ensures the safety of treasury funds as the loss of a single private key will not compromise the treasury of Ceres DAO.
Q7:Please elaborate the roadmap of Ceres DAO. What are the events planned for the second half of 2022?
A7:
Thereafter, we will launch IDO, whitelists are limited on fcfs basis.
Q8:How can community users get whitelisted? Do you have any plans to add more members to your team, as ambassadors or any other DAO?
A8:The way to get whitelisted in the early stage is easy. You only need to complete the following tasks to get WL:
✅ Follow @CeresDAO
✅ Join Telegram: https://t.me/CeresDAOofficial
✅ Join Discord: https://discord.gg/p7zgsqMGp2
We are actively looking to recruit ambassadors. Proposals for ambassadors recruitment are also listed on the Medium and Discord channels. In addition, we are actively establishing communities in many locations, which also require assistance from volunteers. We hope that Ceres DAO will reach a global audience!
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Host: At this event, CeresDAO gave away great benefits to our community.We will now start to randomly select 10 partners to receive the WL award, please raise your hand!!! Please chat with me privately if you win!!!
Feel free to jump into the CeresDAO community:https://t.me/CeresDAOofficial ，Thank you all and we will see you next time!