FrogDAO is a decentralized incubator that helps promising projects achieve their full potential by leveraging the investment power and buzz making potential of our community. Unlike other decentralized incubators, FrogDAO specializes in projects who are looking to build on Cardano (ADA). Because of the unsafe nature of Crypto, the safety brought to users and developers on Cardano (ADA).
FrogDAO aims to democratize access to investment opportunities that were previously available only to well-heeled investors and venture funds, opening up the closed ecosystem of early-stage crypto project investments to everybody.
What Does FrogDAO Do?
FrogDAO looks to break the cycle of early-stage investments in high-potential cryptocurrency projects, which typically see large traditional VCs buy out stacks of tokens in strategic, seed, and private sale investment rounds at far lower prices than retail investors got during the public sale. These VCs would then dump their holdings on retail investors to secure an easy profit, while simultaneously damaging sentiment surrounding the project.
Instead, we believe in cultivating long-term partnerships with the projects we support, helping to establish healthy, natural growth that builds lasting success.
Our involvement with projects can be classified into three distinct levels:
- Level I (Incubation Level): We work with projects from their very beginnings up until the points they are listed on an exchange — plus more in aftercare. Incubated projects benefit from a range of marketing, advisory, and listing services to help catapult the project to success.
- Level II (Strategic Contribution Level): We assist projects with social media strategy, including Twitter and Telegram.
- Level III (General Contribution Level): FrogDAO manages OTC sales and community requests — there is no direct involvement with the project.
Our community, which are lovingly nicknamed “Frogs”, are a crucial part of this process, since they help both finance and support the growth of our partner projects.
Decentralizing Opportunity: How it Works
As part of our collaboration, projects provide FrogDAO users with an allocation of tokens which we distribute to those who have joined our token-permissioned Telegram communities.
This is achieved through our token, the FrogDAO Dime ($FDD), which can be leveraged to access our community tiers — each of which provides increasing benefits for our community. In order to access each membership tier, Frogs need to hold at least a fixed minimum number of $FDD tokens in their MetaMask wallet (as determined by the Collab.land bot). Our current token-permissioned membership groups are:
- Frog Fighters Club: 10 $FDD
- Fresh Pond Club: 250 $FDD
- Gentle Frogs (VIP I): 2,500 $FDD
- Platinum Frogs (VIP II): 10,000 $FDD
- AllStar Frogs: Top 10 $FDD holder
$FDD can be purchased on Uniswap or earned by participating in community events, such as interactive interviews (AMAs) with our projects. Besides our exclusive membership communities, FrogDAO also operates a lobby for general discussions. Users will be automatically removed from a group if their $FDD balance falls below the minimum threshold.
Customers in the highest tiers benefit from a larger percentage of the allocation we receive from each project, and hence members in higher tiers have a larger personal cap. We try to ensure part of the allocation reaches all premium tiers, giving everybody a chance to claim a stake in hot new projects.
Decentralized Frog Governance
Alongside FrogDAO’s native token, we will introduce a FrogDAO Governance Token ($FDG).
Since FrogDAO is a community driven incubator, Frogs will have a big vote in which projects they would like to see incubated. Upcoming projects who arevv looking to get incubated, will go thru a multi-day voting period in the FrogDAPP. During this voting period, Frogs can vote for the projects they would like so see incubated the most.
Frogs can earn $FDG by pooling liquidity into the ETH/$FDD pool on Uniswap, and therefore receiving LP-tokens (Liquidity Provider tokens). The LP-tokens which Frogs receive for pooling liquidity, have to be staked in the FrogDAPP in order to farm the FrogDAO Governance Token ($FDG).
The smart contract which enables farming of the FrogDAO Governance Token, will start 24 hours after the main Uniswap listing of FrogDAO. We’ve taken this measure in order to give all Frogs equal opportunities to farm the FrogDAO Governance Token.
www.frogdao.com
www.farm.frogdao.com
http://t.me/frogdao
https://twitter.com/frogdao
