Lite Paper: $AUDAO Token
ADAUnity.com is excited to announce the launch of the $AUDAO token, built on the Cardano blockchain. The mission of $AUDAO is to provide a decentralized and community-driven governance system for the ADAUnity.com platform, as well as serve as an ecosystem payment token.
The $AUDAO token will have a limited supply of 45 billion tokens and will be distributed as follows:
- 10% will be allocated to the creators of the token
- 40% will be allocated to the DAO (Decentralized Autonomous Organization)
- 10% will be allocated to developers working on the platform
- 10% will be allocated for staking rewards
- 2% will be allocated for public sale
- 3% will be allocated for marketing
- 25% will be allocated to a treasury for lawyers or other unforeseen DAO needs.
To create a more scarce token, the team will be conducting token burns and creating fun events around the token to increase its scarcity. This will also help to create a more stable token value for holders.
The $AUDAO token will serve as the primary mechanism for community governance on the ADAUnity.com platform. Token holders will be able to vote on proposals and make decisions that shape the future of the platform. This will provide a transparent and decentralized system for decision-making, ensuring that the community’s interests are always at the forefront.
Ecosystem Payment Token
In addition to its governance role, $AUDAO will also serve as an ecosystem payment token. It will be used to facilitate transactions within the ADAUnity.com platform, as well as with other platforms and businesses that choose to accept it as a form of payment.
The $AUDAO token is built on the Cardano blockchain, which provides a secure and transparent environment for the token to operate in. Cardano is a highly decentralized and energy-efficient blockchain, which ensures that the $AUDAO token is both secure and eco-friendly.
The $AUDAO token is an exciting addition to the ADAUnity.com platform, providing a decentralized and community-driven governance system as well as ecosystem payment token. The use of the Cardano blockchain ensures that the token is secure, transparent, and energy-efficient. We look forward to seeing how the community will shape the future of the platform with the $AUDAO token and the token burns and events that will help in creating scarcity and stability of the token value.