An Introduction to Diamond Hands DAO
Diamond Hands DAO is developing an advanced NFT trading and investment group — the goal is simple: trade, incubate, share and invest in a variety of projects with Diamond Hands DAO members.
In NFT space, it’s all about community and utilities that come from communities. You can learn a lot, get insider information, discover great upcoming projects by simply participating in big NFT projects. You can also earn WL spots or free NTFs just being holders of great projects.
But it is hard -actually impossible if you are not a millionaire- to participate in every blue-chip project out there with your personal budget. Here are couple examples (Doodles ≌ 14 ETH (≌$40000), Cool Cats ≌ 11 ETH ($32000), Azuki ≌ 12 ETH (≌$35000), Clone X ≌ 15.5 ETH (≌$45000), and more;
Our goal is to create a collective fund to invest in the blue-chip projects, new projects with great potentials, trade, earn and learn together.
Every Diamond Hands DAO NFT holder is a shareholder of the DAO at the same time. Every Diamond Hands DAO NFT is equaled to one share of the DAO. More NFT = more shares. We will decide our moves together by voting on the proposals. When and which price range and project to invest and take profit, when to profit distribution to DAO members or reinvest into the DAO treasury.
DAO treasury will be held in a completely secure multi-sig wallet and every transaction has to be signed with multi-sig wallet participants (we will announce the names later) and DAO members collectively after the proposals passed.
What utilities should Diamond Hands DAO members expect?
- Profit share with trades or investments that made by DAO.
- Insider information from many blue-chip projects.
- Whitelist spots for many projects simply by verifying they are holders of Diamond Hands DAO. No need to grind for weeks anymore!
- Flexing with DAO’s holdings. You will be the holder of many big projects!
- Educative content about how to trade, research, invest in NFTs, and how to find good projects.
- Opportunity to be an early investor of projects with huge upward potential.
- A huge network with many NFT lovers and influencers.
- Huge network with many NFT projects.
There will be how many memberships and what is the price?
- There will be a total of 1500 Genesis Diamond Hands DAO Memberships. We want to make DAO to accessible to everyone, so the mint price will be 0.088 ETH. That means you will be able to trade and invest in many big projects with only $200–$300 depending on the ETH price on the mint date.
How will DAO work?
Trade: DAO will trade the potential of projects, NFT related news, and insider information coming from communities that DAO is involved. Also, we will join pre-sales by using whitelist spots reserved for the DAO, flipping them, and getting a quick profit.
Incubate: DAO will be the early investor for promising projects. We will make contact with early-stage projects that have great teams, dedication, and potential. We will incubate them, help them grow and succeed. And we will buy probably tens of NFT (for this example let's say 50) from their project under the mint price. Imagine DAO helps project X to grow and succeed. Then flip 50 NFT 0.1 to 0.5 ETH each. Quick 20 ETH profit.
Share: DAO will make profit distributions regularly to its members. When we flipped and made profits, we will open a proposal about profit distribution. X percent of the profit will be distributed to members in terms of stable coins and Y percent will be reinvested into the DAO treasury. DAO will decide the percentages and other details.
Invest: As we mentioned, DAO will invest in many big NFT projects by using its treasury. This will be the key to insider information, network with many whales, and easy whitelist spots from promising projects, at the beginning. These projects will be Dao's long-term investments and absolutely will gain value in terms of ETH in the long term.
We will share more articles on Medium and more information on our socials. Please follow our Twitter and we will update the article when our website goes live.
