Debt DAO ( Debt)
Blockchain Service
Debt DAO is creating a decentralized, permissionless marketplace to buy, sell, underwrite and manage debt for the DeFi economy.
Dec 12, 2023 00:00:00
Dec 30, 2023 00:00:00
ICO Details
What Is Debt DAO?
Debt DAO is creating a decentralized, permissionless marketplace to buy, sell, underwrite and manage debt for the DeFi economy.
Debt DAO Unique Features
- Borrow against future revenue
- Automated repayment options
- Undercollateralized lending
- No sudden liquidations
- No selling native tokens
- No identity verification required (KYC)
Roadmap
Q1 2022
Spigot Development
- Spigot contract development
- First loan proposal goes live on Redacted forum
- Complete branding
Q2 2022
P2P Loan Development
- P2P loan prototype development
- Integrate spigot into P2P loans
- Audits
Q3 2022
Release Web App
- First P2P loans
- Open marketplace forum
- Public webdapp released
- Tokenomic design to coordinate marketplace
Q4 2022
Grants and Bonds
- Grants program
- Convertible bonds
Debt DAO Token Economy
DEBT is a utility token more so than a governance token.
It’s a utility token because in order to participate in the Debt DAO Marketplace, you must hold DEBT tokens. Holding DEBT tokens and getting access to its community and Marketplace ought to lead to better rates for borrowers and more deal flow for lenders. Most importantly it gives everyone within the Marketplace access to shared knowledge and tools around the emerging DeFi lending market.
DEBT tokens can also be used to pay fees in the marketplace (such as origination fees) and for staking rewards.
Detailed Token Metrics
TBA
Token Distribution
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Token Release Schedule
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Partners & Advisors
Team
TBA
Investors
Debt DAOs received the investment from Dragonfy Capital and GSR Ventures