DAO Overview
The World's First Prop Trading DAO
Welcome to the Botmain DAO, the inaugural open-source, decentralized autonomous organization where the rules of engagement are codified with absolute transparency. Discover our governance and operational by-laws at our GitHub repository:
The Botmain DAO isn't just an evolution in trading—it's a new paradigm. As a fully decentralized entity, it empowers traders and investors alike to steer the course collectively. Every DAO token holder is a pivotal part of a system that prizes collaboration, transparency, and communal growth. Through shared decision-making, the Botmain DAO is shaping an equitable trading future for all its members.
How the Botmain DAO Works
The Botmain DAO is powered by smart contracts, which are self-executing contracts on the blockchain. These contracts automatically distribute the DAO's profits based on the current DAO laws, as voted on by token holders. This creates a transparent and democratic system where everyone has a say in how the DAO operates.
The Treasury
The Botmain Treasury is the DAO's entire endowment. The Treasury will be bootstraped through the initial coin offering and all income of the organization will flow to the Treasury. Proposals for the distribution of funds for various expenses, initiatives, and rewards will be created and voted on by Botmain token holders via Tally.xyz, a graphical interface that interacts with the Botmain DAO smart contracts.
Income
The Botmain DAO stands as a pioneering force in the trading and investment sector, tapping into various income streams to bolster its Treasury, thereby ensuring sustainability and growth. Here's a closer look at our initial planned revenue sources:
- Subscription Revenue: Monthly subscription revenue for access to the Botmain Automation Platform for retail traders.
Strategy Automation Services: Expert developer services to automate your trading strategies.
Trading Challenge Administration Fees: A dynamic way to fund the Treasury while providing traders the opportunity to showcase their skills. Competitors vie for funding by demonstrating their trading acumen, contributing to the Treasury through participation fees.
Profits from Botmain Certified & Funded Asset Managers: A substantial 30% of profits generated by our certified and funded asset managers flow back into the DAO, further enriching our collective financial pool.
The DAO is committed to diversifying and expanding its income streams and investing in both, Defi-based and traditional business models, and always with the guidance and approval of its community members through a democratic voting processes.
Distribution
The distribution of trading profits from asset-managers who have demonstrated stable returns:
- 10% of Profits are used to buy back and burn Botmain tokens. This helps to reduce the overall supply of tokens and potentially increase their value.
- 10% of Profits are re-invested back into the DAO treasury. Treasury funds are used for a variety of purposes, such as funding development, marketing initiatives, and funding traders and bots. All funding proposal will be
- 10% of Profits are paid out to Botmain token holders as dividends. This provides a passive income stream for those who hold DAO tokens.
100% of all other income stream profits will go to the DAO.
By participating in the Botmain DAO, you can gain access to funding, a powerful trading platform, and benefit from collective success. The DAO's decentralized structure allows for a transparent and community-driven approach to prop trading.