The meaning behind the Magic Number 420

We have been asked multiple times the meaning behind the number 420 and why we chose it. While it is generally viewed by the public as being associated with Cannabis culture, its meaning has taken a much broader form over time and has gained accentuated connotation in the global community.

420 — The Internet’s Magic Number

420 has become a magic Internet number chosen by us for its unique and diverse approach to life and crypto. The number symbolizes community cohesion and empowerment, which is an important factor that 420 DAO incorporates in its ecosystem. However, there are other several reasons for why 420 is an ideal number in the crypto space and for our DAO.

Numerology

420 is an Angel Number popular in numerology used by angels to communicate with us. 420 is a combination of the digits 4,2 and 0 that represent transparency, equality and cooperation, respectively. While the numbers individually also have importance, together they perfectly define the vision of 420 DAO to create a transparent, fair and community-driven DAO.

Cultural Meaning

In historical artifacts and studies, 420 is a number often used by various cultures as the answer to the ultimate questions of life, the universe and everything else. The number in itself holds a spiritual significance and has been used countless times to establish a connection between the known and unknown. Moreover, the number translates to the new and innovative crypto industry and its unique and virtual approach. With 420, we intend to create a symbolic relationship between the past and the future.

Financial Market

Time after time, 420 has popped up in the financial sector in various instances. Last year in February 2021, DOW Jones Industrial Average jumped 420 points to a record close in another intraday reversal. 420 is a number not only connected to the spiritual and unknown realm but also to the financial sectors of the world, giving it a perfect duality.

Popularity

420 is a number often used as a threshold or target in the cryptocurrency industry as well over time. In the crypto-verse everything is represented with numbers as in any financial market. 420 in particular has been used several times incidentally or deliberately. Even Elon Musk used the 420 number to set up as a target to take Tesla private at $420 a share, which later went up by 69 due to inflation.

Crypto

420 has time after time popped up in several instances in the crypto industry itself, which signifies an important correlation of the number with the industry. Crypto is a highly statistics oriented industry which takes a fun and interactive approach using NFTs and the metaverse. Over the last decade there have been several instances where a project has incorporated the number 420 to their approach because of its undeniable historical, spiritual and monetary significance.

Here are a few recent instances when 420 appeared in the crypto-verse.

  • El Salvador purchased 420 Bitcoins.
  • Elon Musk’s move to put 420 into the spotlight has inspired investors to incorporate meme numerology into their trading strategies.

Cannabis

420 is a number strongly associated with the Cannabis industry. While choosing 420 for our project wasn’t the sole purpose, the free-spirited and close-knitted committed Cannabis community surely strengthened our belief in the number 420. Cannabis Industry’s approach to overcoming society’s prejudice is an approach that resonates with the vision of 420 DAO.

Satoshi’s Favorite Number

Satoshi, the founder of Bitcoin, was a great numerologist. He created Bitcoin with a purpose to establish an alternative financial system that is not regulated by any authority and serves the community. Being a great numerologist, Satoshi chose 21 as the hard cap of Bitcoin (21 Million) which suggests the importance of the number.

Satoshi’s approach of choosing 21 as the limit to Bitcoin’s supply was an important instance in the crypto industry. Incidentally 21 is half of 42 which also correlates to the magical prowess of the number 420. During the first phase at 420 DAO the number of tokens emitted is 420,000 per day and it halves to 210,000 during the second phase.

About 420 DAO

420 DAO is a coordinating and supporting body that promotes the development of decentralized economies using its robust tools and 420 DAO token. The project is a revolutionary DAO that has established a dedicated community of crypto proponents, thought leaders, builders, and investors.

The 420 DAO ecosystem is powered by 420 token that has in-build properties such as Store of Value Membership Value Governance value. To learn more about 420 DAO visit,

Website | Telegram | Twitter | Discord |

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

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420 DAO

420 DAO

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

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