LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO LaoDAO
About Us
Introduction (what is LaoDAO?)
LaoDAO is the first DAO focusing on historical NFT collections, striving to be the largest one
LaoDAO aims to realize continuously increasing value by acquiring historical NFTs. Multiple rounds of membership NFTs will be issued to achieve this goal. The growth phase strategy we will employ is to identify undervalued historical NFTs and subsequently acquire a significant stake in them. This should enable us to eventually build a 2000 eth historical collection in growth phase. Once this is achieved, we will rotate a portion of these undervalued antiques, which are now fairly valued, into more blue chip historical NFTs for diversification purposes.
In the first round of our growth phase, 1,000 OG editions will be issued and 100% of LaoDAO NFT's minting proceeds will go into LaoDAO’s vault. All proceeds will be used for acquiring historical NFTs. We aim to have a significant stake in each collection we select, as we believe that historical NFT collections benefit from strong holders that can help realize their actual value.
1. Focus on historical NFT
We focus on collecting historical NFT.We define Historical NFT from two aspects. The first is in terms of timeline. We believe that the NFT issued before ERC 721 standard was introduced in 2018 has historical significance. Secondly, some revolutionary projects also have their historical significance, such as the first Gen Art NFT, the first on chain nft, the first pfp etc..It has been proven that such products hold historical significance and scarcity, hence appreciation potential is much higher.
2. Practice value investment
We follow the value investment philosophy and firmly believe in the long-term appreciation trend of NFT. LaoDAO will hold digital antique assets for the long term. We will not try to time the market. Instead we would maximize the return through time. As DAO members, the total value of NFTs we mint and possess are backed by the total value of assets held in the treasury thus a DAO member’s NFT would theoretically appreciate in value in the long term.
3. Professional investment research team
We have experienced historical NFT investors and professional crypto analysts. We have got strong expertise and deep connection in the NFT space. We plan to raise awareness of brands of our NFT collections by regularly providing research papers that explains the rationale of each investment decision. We will also reach out and collaborate with the artists and creators themselves to further comprehend the concepts and culture that the NFTs represent, and help with the value discovery and creation.
4. Collective wisdom decision-making
We make investment decisions base on collective wisdom. When the investment research team makes an investment proposal, the community representatives will vote on it. When the number of votes reaches a certain percentage, the investment proposal is passed.
5. Decentralized governance
LaoDAO implements a completely decentralized governance, in which all the community collaboration and decision-making are conducted in a decentralized way to ensure openness and transparency.
6. Permanent public copyright
The NFT issued by LaoDAO is not only a proof of community membership, but also a crypto artwork. The copyright of the artwork is public, and community members can use it with their discretion.
Initial team
We are a group of collectors and investors of historical NFT. We firmly believe that blockchain technology will bring mankind into a new era. We believe that decentralized collaboration will completely revolutionize the current organization. We believe that early NFTs will become digital antiques. They share the same features and value as real world antiques. We are willing to invest in time and effort to promote the evolution of this trend. Everyone in our team is an in-depth participant in the NFT industry. Some of them have been involved in some popular projects, such as Cryptopunks and BAYC, at a very early stage, and some have been actively involved in various NFT communities for a long time. Great success has been achieved with first hand market information and through personally traded NFT projects. Although our team is physically located in Australia, the United States, Canada and other places across the world, in LaoDAO, we will have a high consensus and move forward unanimously.
Industry analysis
We define Historical NFT from two aspects. The first is in terms of timeline. We believe that the NFT issued before ERC 721 standard was introduced in 2018 has historical significance. Secondly, some revolutionary projects also have their historical significance, such as the first Gen Art NFT, the first on chain NFT, the first pfp etc..
Historical NFT was born with the creation of the blockchain. As early as 2011, Bitcoin's first fork, namecoin, was introduced including blockheads (2014), twitterEggs (2014), identicons (2014) and other NFTs, and then the popular card NFT Rare pepes (2016) was born on the Bitcoin chain. Early NFTs did not arouse great repercussions in the crypto field due to the difficulty of transactions and the limited thinking of early creators. Since the birth of Ethereum, nearly 20 NFT projects were born during 2015-2017, for example, pixelmap (2016), curio cards (2017), mooncats (2017), cryptopunks (2017), and etherrocks (2017), etc.
There are two main reasons why we dedicate in the field ofhistorical NFT:
1. historical NFT have massive room for appreciation
The market value of above mentioned projects have increased thousands of times since first released. Taking Quantum as an example, the project was first issued on Namecoin, then re-tokenized on Ethereum, and sold at Sotheby's auction for $1.4 million in June 2021.
Historical NFT is still in its early stage. With the continued de-circulation and value mining, the value of historical NFT will be further revealed, and will bring more space for appreciation in the future.
In the metaverse where virtual and reality are intertwined, some traditional collectors will switch to the virtual world. They have sufficient funds and are a huge off-site force to promote the development of the historical NFT. Another part of digital collection owners are participants in the early crypto field. They are rooted in the crypto community and have a deep understanding of the value in digital collections.
These two groups of people constitute a huge demand force for the historical NFT, and will promote the continuous increase of the value of historical NFT.
2. historical NFT have solid value support
The core value of NFT comes from its historical significance and scarcity Because of the scarcity of virtual goods, coupled with consensus on demand, value can be generated. Time value is a crucial element of any NFT in regards to its market value, and the historical NFT that holds a longer history has stronger value support.
Therefore, historical NFT have a better potential for appreciation with secure value support, and are one of the best crypto assets.
FAQ
Most of the historical NFT are affordable for individual collectors, so why should we gather funds to invest together in a group? The main reasons are as follows:
(1) Visionary and rationalist decision
Individual collectors tend to be distracted by the dazzling of NFT projects and lose their focus. The professional historical NFT investment research team has solid investment experience background and proven investment results.The target screening, entry timing and position management will be voted by the representatives elected by the community of laoDAO, thus to ensure the accuracy of investment. Prevent losses caused by blindly following the trend. The rational organization based on laoDAO's decision making can prevent historical NFT investors from drifting with the trend, on the contrary, it can form independent and disciplined investment behavior. The so called rigorous discipline, laoDAO clearly sets investment portfolio goals and strictly follows them.
(2) Flexible collection strategy
Collectibles are different from ordinary token investments and require a certain collecting strategy. Take Curio Cards as an example, 1-10 is a complete art road, 1 apple is Adam and Eve stealing forbidden fruit, human beings are born 2 nuts, 3 fruit basket: the age of gathering and hunting 4 pottery, 5 pastels: cave murals 6 letters, 7 sculpture, 8 oil painting, 9 literature: the last 10 of the Renaissance is the road to the future. Collecting a complete collection of a certain series can get higher premium, but it is difficult for ordinary investors to collect it only by personal financial resources or lack of a good community network.
(3) Community driven decentralized management
The herd mentality and fear of missing out (aka FOMO) is often to be found in digital antiques investment by individuals, who tend to ignore the diversification of investment because of self-confidence. Compared to diversified investment in multiple digital antique portfolios, centralized investment in an NFT project requires a long holding time to enjoy the benefits brought by the investment cycle. Whereas the scientific and reasonable diversification of investment, because its performance can form a hedge between various proportions of assets, the investment portfolio further reduces the risk compared with the market performance. At the same time, irrational concentrated investment by individuals will inevitably mean buy high and sell low. While they pursue performance investing in digital antiques are likely to "abandon the ship" at the most inappropriate time. The collective collection can hold a variety of digital antique projects, well diversified the portfolio to minimize their risk and maximize the return without being affected by holding mentality.
(4) Better cycle control
The Crypto market has its bull-bear market cycle, however the NFT market has its own unique cycle unlike most of the crypto currency. For those individuals without in-depth knowledge of the NFT market, they tend to mis-interpret the signal. LaoDAO has a team of experienced analysts that can help individual collectors to overcome the challenge and capture every cycle in a more precise manner.
1. Sales plan
The total number of NFTs will be limited to 10,000. NFTs will be minted randomly and each NFT has an unique ID and rarity.
1000 OG NFT will be issued in the first stage, 10% of it will be kept in LaoDAO treasury for future community building award, another 10% will be reserved for early contributors.
Subsequent stages will be carried out when the secondary market price of the initial NFTs reaches a certain level. In principle, the mint cost of the subsequent edition NFTs will be higher than that of the first edition. The specific plan will be determined by the community in the later stage.
2. Use of funds
(1) 100% of mint income will be used for historical NFT acquisition.
(2) For the 5% of the transaction commission will be used as continuous rewards for contributors, such as investment research paper writing, community governance, contract and website technical maintenance, investment decision-making committee members.
Holding LaoDAO NFT has the following rights:
1. The right to curate
The holder can use the NFT artwork held for any commercial purpose, including curation.
2. Governance
The holder can exercise the right to vote for proposal or to entrusted agent to vote on behalf.
3. Other rights
Other rights and interests approved by the community, such as asset distribution or airdrops. The LaoDAO sponsoring team does not promise any dividends, but respects and implements the community's proposal and voting results for the processing of LaoDAO treasury assets.
Holding LaoDAO NFT has the following rights:
1. The right to curate
The holder can use the NFT artwork held for any commercial purpose, including curation.
2. Governance
The holder can exercise the right to vote for proposal or to entrusted agent to vote on behalf.
3. Other rights
Other rights and interests approved by the community, such as asset distribution or airdrops. The LaoDAO sponsoring team does not promise any dividends, but respects and implements the community's proposal and voting results for the processing of LaoDAO treasury assets.
Vote on investment plans and asset management,
1. Proposal category
(1) Implementation of the proposal
a.Investment plan
Proposals on when, how much, and what to invest, are proposed by the representatives and proceed to voting .
b. Asset management
Thedistribution plan of the assets held by LaoDAO is proposed by the representatives and proceed to voting
2.General proposal
The survey proposal is mainly used for surveys, and any member of the community can put forward any suggestions for improvement. This type of proposal does not impose any restrictions, as long as it is beneficial for the project. It can be put forward, aiming to stimulate community innovation. If a proposal is approved by the majority of the community, the proponent can initiate an off-chain execution proposal or an on-chain execution proposal again.
3. Representative and multisig
At the initial stage, representatives and multisig will be selected from the initial team. Members can vote to add in/ remove them along the road when the community is more established.
4. Contributor incentives
LaoDAO will establish a set of incentive mechanisms to continuously reward daily operations such as community maintenance, investment research report writing, social media operations, etc., to ensure the efficient operation of the community.
1.By December 2021, established the first Dao which is dedicated to collecting historical NFT.
2.By March 2022, issue the first edition of LaoDAO NFT.
3.By June 2022, when the first edition of LaoDAO NFT is 30% SOLD, launch the first historical NFT collection plan.
All LaoDAO NFTs store metadata permanently on distributed storage.
LaoDAO
COPYRIGHT© 2021 LaoDAO