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What Is AladdinDAO (ALD)?
AladdinDAO is a decentralized network that aims to shift crypto investments from venture capitalists to the wisdom of crowds through collective value discovery. It solves the problem of information asymmetry and helps retail investors filter out the noise from the signal in the DeFi space. The protocol acts as a three-sided marketplace, connecting DeFi projects with yield farmers seeking reliable assets. The Boule, a council of elected DeFi veterans, curates the best farms and receives ALD tokens as rewards. AladdinDAO offers a mechanism for retail investors to decide which yield farms to hold.
Who Are the Founders of AladdinDAO?
AladdinDAO is a DAO and does not have traditional founders. It is supported by prominent names in the crypto and DeFi space, including Alameda Research, Polychain Capital, Robert Leshner, Kain Warwick, and other funds and influential individuals. The initial Boule candidates consist of well-known DeFi Youtubers, founders, and investors.
What Makes AladdinDAO Unique?
AladdinDAO stands out with its intricate incentive structure designed to harness the wisdom of the crowds. Boule members undergo regular performance reviews, and the top five members get promoted to talent hunters if the Total Value Locked (TVL) in the protocol exceeds the previous period. Talent hunters earn passive income based on the performance of their nominated council members. If the TVL falls, the bottom five council members get cut, ensuring a minimum of 30 permanent council members. Boule members are incentivized based on a formula that considers absolute and relative profits, time decay, and weight of vote. This incentivizes responsible voting and rewards members for supporting outperforming pools. AladdinDAO also allows any project to apply for yield farming services, with voting by Boule members determining their acceptance.
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How Many AladdinDAO (ALD) Coins Are There in Circulation?
The maximum total supply of ALD tokens is 999,978,240 ALD. The tokens will be distributed through mining, airdrops, liquidity bootstrapping pools, and community governance. Boule members, talent hunters, and strategy developers receive tokens through DAO mining. Contributors to the startup and growth of AladdinDAO also receive a share. Liquidity providers receive tokens based on the weight of their pool. A portion of the tokens is community-governed, with Boule Plus members receiving a share from the DAO reserve.
How Is the AladdinDAO Network Secured?
ALD is an ERC-20 token on the Ethereum blockchain. The project has undergone independent audits by Certik and PeckShield. Ethereum, with its proof-of-work consensus mechanism, provides security to the AladdinDAO network. The Ethereum blockchain is secured by a network of decentralized nodes that validate transactions.
When Will AladdinDAO (ALD) Trading Begin?
AladdinDAO is currently going through the nomination process for its council members, and a formal launch date has not been announced yet.
Can AladdinDAO hit $1?
AladdinDAO has developed an intriguing concept to address the problem of analysis paralysis in yield farming. If the protocol achieves its vision, it could generate significant interest and TVL. However, as the token has not been listed yet, it is too early to predict its price.
Where Can You Buy AladdinDAO (ALD)?
Currently, ALD is not available for trading.
Answers
What Is AladdinDAO (ALD)?
AladdinDAO is a decentralized network that aims to shift crypto investments from venture capitalists to the wisdom of crowds through collective value discovery. It addresses the problem of information asymmetry and helps retail investors filter out the noise and make informed decisions. The protocol acts as a three-sided marketplace, connecting DeFi projects with yield farmers seeking reliable assets. A council called the Boule curates the best farms and receives ALD tokens as a reward. The Boule consists of elected DeFi veterans nominated by talent hunters and the community. AladdinDAO also features strategy developers who integrate liquidity mining programs, and Boule Plus members who can be appointed in subsequent periods by staking ALD tokens and passing a verification process.
Who Are the Founders of AladdinDAO?
AladdinDAO is a DAO and does not have traditional founders. It is supported by prominent names in the crypto and DeFi space, including Alameda Research, Polychain Capital, Robert Leshner, Kain Warwick, and other funds and influential individuals. The initial Boule candidates include DeFiDad, a prominent DeFi YouTuber, and other DeFi founders and investors.
What Makes AladdinDAO Unique?
AladdinDAO stands out with its intricate incentive structure that leverages the wisdom of the crowds. Boule members undergo regular reviews, and the top five members get promoted to talent hunters if the Total Value Locked (TVL) in the protocol exceeds the previous period. Talent hunters earn passive income based on the performance of their nominated council members. If the TVL falls, the bottom five council members are cut. Boule members are incentivized based on absolute and relative profits, vote weight, and time decay. This design encourages responsible and independent voting. AladdinDAO also allows projects to apply for yield farming services, with voting by Boule members and token holders determining the acceptance or rejection of applications.
How Many AladdinDAO (ALD) Coins Are There in Circulation?
The maximum total supply of ALD tokens is 999,978,240. The tokens are distributed through mining, airdrops, liquidity bootstrapping pools, and community governance. The DAO mining allocation is split among Boule members, talent hunters, and strategy developers. Contributors to the growth of AladdinDAO also receive a share. Liquidity providers receive tokens based on a formula involving the number of tokens in each block and the pool's weight. A portion of the tokens is community-governed and vested over 4 years for the DAO reserve, with Boule Plus members receiving a share.
How Is the AladdinDAO Network Secured?
ALD is an ERC-20 token on the Ethereum blockchain. The project has undergone independent audits by Certik and PeckShield. Ethereum's proof-of-work consensus mechanism secures the network, with decentralized nodes validating transactions.
When Will AladdinDAO (ALD) Trading Begin?
AladdinDAO is currently in the nomination process for its council members and has not announced a formal launch date for trading.
Can AladdinDAO hit $1?
AladdinDAO has developed an intriguing concept to address a real problem in the market. If the protocol gains traction and attracts a significant Total Value Locked (TVL), it could generate interest. However, it is too early to predict the token's price as it has not been listed yet.
Where Can You Buy AladdinDAO (ALD)?
Currently, ALD is not available for trading.
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