Saturday, May 21, 2022
Home Press Release CULT DAO’s Revolt 2 Earn Concept Draws the Attention of Anonymous

CULT DAO’s Revolt 2 Earn Concept Draws the Attention of Anonymous

- Advertisement -
Follow-Us-On-Google-News

London, UK, 9th May, 2022, Chainwire

CULT DAO, a blockchain-based DAO seeking to advance the decentralized finance revolution, announces Revolt (RVLT), which attracted the attention of Anonymous. The decentralized international activist and hacktivist group seems to support CULT DAO’s most recent concept, as it appears in the group’s recent Twitter bio and likes.

This is not the first time Anonymous has hinted at their support for CULT DAO as on the 23rd March before a steep climb in CULT’s token price Anonymous posted the very same Charlie Chaplin The Great Dictator speech which makes up a core feature and soundtrack of CULT DAO’s website https://cultdao.io.

Revolt 2 Earn, the concept Anonymous appear to have shown support for, is the CULT DAO ecosystem’s first token. It was built on the Polygon blockchain as a proof-of-stake (POS) token with 0.4% taxation and the DAO should issue it in the upcoming months. The token is CULT’s first sibling. However, while CULT works to fund the protocols accelerating decentralization, RVLT aims to support the individual CULT DAO users (The Many) working towards the same goal.

In a recent blog, Cult DAO founder Mr. O’Modulus talks about the Revolt 2 Earn concept:

“Society is designed to make it as difficult as possible to break away from economic, societal, and social norms. So what if supporting the $CULT ecosystem could be in itself a full-time or part-time job?”

This concept led him to develop a self-governing, autonomous ecosystem that would reward those who build and contribute on a large scale (The Guardians)  as well as those who do so at a smaller, individual yet just as important level. The latter revolutionaries are the Many, and they can use RVLT for both staking and rewards.

The Many are under direct government by the CULTmanders. These are RVLT stakers, and basically, every staker can be a CULTmander if they stake for a mid-long period.

Each month, the protocol will randomly pick 490 stakers and 10 consistent NFT owners from all the RVLT stakers (uRVLT owners). These 500 members have to approve or disprove the users’ action submissions supporting the “CULT revolution.” Their actions can include anything as simple as stickering, leafleting, shilling, or civil disobedience.

This system ensures both level and individual rewards and could allow users to break away from the current centralized system. In other words, it enables them to revolt by talking about CULT and the CULT Manifesto to others.

In  the same blog, Mr. O’Modulus says:

“This protocol exists to allow The Many do not have to rely on wage labor fully, or in part and to fill the gap and pay users to further the cause of decentralization and the CULT ecosystem.”

About Cult DAO

Cult DAO is a decentralized autonomous organization aiming to help usher in the DeFi revolution faster. Its goal is to empower others to “break away from societal, economic, and other norms.” In this regard, it provides users with the necessary tools to support those projects that are DeFi-oriented.

The upcoming release of the RVLT token marks an important stage in the project’s development. The CULT DAO community should expect an airdrop and an official release within the next few months.

For more information about Cult DAO, please follow the links below:

|Website |Cult DAO Manifesto | Twitter | Telegram | Discord|Medium|

Contacts
- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Shiba Inu Lead Developer Says Things Will Get Interesting Next Week 

Something Interesting coming for Shiba Inu community. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Bill Gates Says He Is Not Invested In Crypto Because It is Valueless to Society 

The former world's richest person does not have any love for crypto. Bill Gates, the co-founder of popular tech company Microsoft disclosed that he does...

Binance CEO Says UST and LUNA Crash Could Have Been Avoided If Terra Used Its Bitcoin Reserve Earlier 

CZ is still not happy with the way Terra handled last week’s situation as he believes the crash could have been avoided if the...

Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull

The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down...

Two Major Indicators Suggest Bitcoin (BTC) Possible Price Rebound Above $35,000 

There is a likelihood that Bitcoin's price will rebound soon as it currently sits around major support levels.   Following last week’s market turmoil that...

Majority Of Terra Community Wants New Luna Chain Without UST

The Terra community has been deliberating on the way forward after the crypto lost over 95% of its ATH value. Many in the crypto...

Can Crypto Payments Finally Take Off?

Helio, the Web3 payments company, launched its beta this week to offer a much-needed path for faster adoption of crypto payments. Its complete Web3...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.