I want to share a project I’ve been working on. It’s called Eth Club 7 and it’s an investment DAO targeting small businesses and startups.
It differs from most DAOs in that the entire DAO is divided into 7-member “Clubs”.
The Clubs are allocated funds monthly to invest as they see fit. The amount allocated to each Club is based on the performance of its previous investments.
These funds are the ecosystem token, DAOLE. Which customers are encouraged to use by participating businesses agreeing to accept it at a 30% discount.
This provides ROI for the DAO by adding upward price pressure, but also because 2% of every transaction to a member is burned, returning funds to the DAO for further investment.
There’s still a lot of work to go. Hoping to launch in 6 months to give time for thorough review and audit.
There are more details on the website at ethclub7.one
Would love your feedback and questions.