FamDAO, the Multi-Chain Family Solution, Announces Funding Plans by Leading Partners

What are DAOs: A look into the History, and the Evolution of Money.

From time memorial, the way to make money was ‘work-to-earn’. However, the future of making money will be X-to-earn, as we can see from Axie Infinity’s Play-to-Earn (AXS), Learn-to-Earn, and Create-to-Earn (NFTs) models. These can be coordinated by decentralized autonomous organizations (DAOs) that allow communities to vote and to grow consensus for new activities outside the context of corporate systems.

What is Vote-to-Earn?

By voting in a DAO, voters can send their collective decisions to coordinate the different functions of the earning opportunities. FamDAO token holders of a specific range-bounded amount are able to formulate proposals and to submit them for voting, including voting for financial frameworks that allow the FAMILY treasury to produce investment returns to the FamDAO members.

The Future of Work – Envisioned by FamDAO

FamDAO has been preparing a series of feature deployments throughout the month of March in preparation for the official launch in the near future.

Earlier this week, FamDAO released its tokenomics and platform development roadmap to much fanfare. FamDAO is an innovative decentralized reserve currency protocol based on the $FAM token. Each $FAM token is backed by a basket of assets (eg. USDT) in the FAMILY treasury, giving it an intrinsic value that it cannot fall below. As a community-driven DAO that introduces unique economic and game-theoretic dynamics into the market through staking and bonding, FamDAO plays a critical role for creating a sustainable reserve currency while optimizing for short and long term wealth creation for holders of the $FAM token.

This milestone is a major progression for the FamDAO as it prepares for its public launch. 

Huge Goals for FamDAO – Building a Currency System with the Support from Partners

FamDAO’s goal is to build a policy-controlled currency system. Moreover, FamDAO is already in talks with several notable capital groups, such as, AngelOne, ANFS Foundation, BTX Capital, Polygon Network, Winkrypto, BTX, Ceras Ventures, and numerous others in their funding round. 

James Tsui from ANFS Foundation said, “ANFS is proud to be supporting FamDAO in their Web3.0 mission to make an altruistic DAO that is robust and meaningful. Their project development in building a metaverse ecosystem and refreshing community rewards by attributing liquidity to staking pools, are game-changing for the industry.” 

FamDAO and Beyond

Since its conceptualisation in late 2021, FamDAO has grown exponentially by building a strong and active community and launching their social networks and official website. FamDAO Members are eagerly awaiting the release of the $FAM Token. The funds raised will go towards accelerating FamDAO’s growth by:

1. Expanding FamDAO’s blockchain and protocol coverage
2. Building more products and features for FamDAO Community
3. Scaling its infrastructure to a seamless and low latency platform – critical to trading functions
4. Building and growing an innovative community through incentive programs

“We are grateful to have generated such strong interest in our DAO project, with partners sharing strong networks across the cryptocurrency and traditional finance ecosystems. This has truly encouraged us to push through and execute our vision to help users as a FAMILY,” said a FamDAO spokesperson.

Find out more about FamDAO:

Website: https://fam-dao.club/

Twitter: https://twitter.com/FAM_DAO

Telegram: https://t.me/famdao