420 DAO — Roadmap Progress Update

420 DAO — Roadmap Progress Update

Since we are at the 42nd auction day today we thought it would be a good idea to get an update on the initial roadmap and have a look at the progress we have made.

If you remember our initial roadmap had benchmarked progress against estimated timelines. However, we thought it might be more realistic (and transparently measurable) to benchmark plans against specific treasury goals. Now let’s look at what has been accomplished and what the new treasury goals are!

Already accomplished and ongoing ‘420 token related’ phases:

April 2022: Ɣ- phase & April 2022: April 2022 + 420 days

April 2022: Ɣ- phase

  • Already accomplished — [Token $420] TGE. Daily auctions.
  • Already accomplished — [Token $420] Community members secure their token $420 via auctions and staking.
    🚀 You can secure and stake 420 tokens here: https://app.420da.org/

April 2022 + 420 days

Other phases benchmarked against specific treasury goals:

Treasury Goal (TG) from $0 — $4M

Treasury Goal (TG) from $0 — $4M

  • Already accomplished — TG $50K: Create a community channel with high-quality crypto market views with actionable insights.
    🚀 Have you joined our 420 DAO Market Price chat? Join us:
    https://t.me/DAO420_Marketdiscussion
    🚀 Have you joined our 420 DAO Market View — Sponsored by Stratosphère chat? Join us:
    https://t.me/DAO420_marketviews
  • Already accomplished — TG $100K: Community Forum enabled.
    🚀 Check out the 420 DAO Snapshot here: https://snapshot.org/#/420daorg.eth
    🚀 Article explaining everything you need to know about the first successful proposal:
    https://420dao.medium.com/420-dao-announces-its-first-proposal-this-is-all-you-need-to-know-96a64530ac83
  • TG $200K: Start building a venture investments database.
  • TG $250K: Start building a risk management bot to help traders mitigate futures liquidation risk.
  • TG $500K: Enable wrapped tokens such as ws420 (static governance unit) and ve420 (vote escrowed).
  • TG $1M: DeFi deployment into Curve, Convex, etc.
  • TG $2M: More investment strategies: venture, native DeFi, institutional hedge funds.
  • TG $4M: Conceptualise a decentralised options exchange with partial collateral (unsolved problem so far).

Treasury Goal (TG) from $5M — $20M

Treasury Goal (TG) from $5M — $20M
  • TG $5M: v2 Multi-currency Treasury; enhanced protocol trustlessness, etc.
  • TG $10M: Multi-chain deployment.
  • TG $20M: Metaverse, NFT, Games, Web3 integration.

Image of the full updated 420 DAO roadmap:

420 DAO Roadmap: Progres update

Have questions about the roadmap? Chat with the community on Telegram: https://t.me/dao420_chat

To learn more about 420 DAO visit,

Website | Twitter | Discord

FOR THE CRYPTO NEWBIES — what is a roadmap? And why is it important?

The authenticity and sustainability of any cryptocurrency project are determined by its utility and roadmap. 420 DAO, a supporting and coordinating body for developing decentralized economies, has carefully curated a roadmap with a community-centric approach to ensure a sustainable and bright future for the project.

The roadmap has been designed keeping in mind the expansive nature of cryptocurrencies and the rapid rate of development. It provides the community with a clear plan of 420 DAO which centers around the 3 core activities Building — Investing — Governing.

--

--

--

Web3 DAO. Store of value x Membership x Governance Up Only http://420da.org

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Gold is the Money of Kings , Debt is the Money of Slaves

The $4 Billion NFT Company — Yuga Labs

How to exchange MOAC via Xswap in TP wallet?

Vol 44: Digital Asset Fund Flows Weekly

AMA RECAP: BLOCKCHAIN INFINITY X DECREDIT

2018 World Cup Game-Blockchian Lottery Failed

The coolest cryptocurrency of 2021 is a son and it is called X Æ A-12.

The Future Is Nano: The Future Is Now

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
420 DAO

420 DAO

Web3 DAO. Store of value x Membership x Governance Up Only http://420da.org

More from Medium

PrivacySwap Weekly Update: PRVG airdrop is done

Altcoin Alerts x BreederDAO AMA Recap

Announcing Colexion IDO on Prostarter

Leonicorn Swap Caves ( Staking pool ) Projects introduction