Akita DAO Coin Review : Is It Good Or Bad Coin Read Our Article

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About Akita DAO Coin

Akita DAO Coin exists to produce products and useful applications that benefit holders of the AKITA tokens. AKITA token holders were the original group to come together and make AKITA a true community-owned token, pushing it to be more than just a meme. The Akita DAO allows its participants to propose new improvements, and vote in your governance system using the HACHI token to steer the decision-making process.

Akita DAO Coin Point Table

Coin BasicInformation
Coin NameAkita DAO Coin
Short NameHACHI
Circulating SupplyN/A
Max Supply100,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Governance Procedures

Akita DAO Coin the community has decided a proposal discussion is ready to be voted on, they should make a proposal in the Proposal Discussion section of the forum.

Using Snapshot

Once that’s been done, formal voting can take place. Off-chain voting or “soft voting” – This kind of voting will take place on Snapshot, a simple voting interface that allows users to sign (no transaction fees). Votes on snapshot are weighted by the number of HACHI delegated to the address used to vote.

Conflicting Votes

From time to time there may be conflicting proposals, to avoid issues, the 5 day window above can also serve as time for anyone to list their preferred alternative option on the forum. Each proposal on an associate topic will have a [TOPIC] block placed in its title. After that time, a vote will be put forward including all options available to move forward with. This will ensure that everyone has the ability to express their preferences while keeping decision timelines reasonably short.

DAO Structure

Akita DAO Coin will soon formalize its structure by vote. Leadership from within the community is encouraged, and they hope that you consider what time you are able to dedicate to the DAO. This can be in the form of a role that you are nominated for and voted in, being a Steward who takes delegations of votes, or simply showing up to be a part of the discussion and vote on proposals using Snapshot.

Compensation

Higher level roles which provide more value to the DAO may be compensated with HACHI tokens from the Leadership Allocation. Lower level roles may also receive HACHI rewards for completing tasks.

Goals

HACHI is an ERC-20 governance token that allows holders to represent their stake in the Akita Ecosystem as it develops over the coming years. With Gitcoin’s funding stream operational through March 2027, the Akita DAO has a tremendous potential to create a lasting impact on the blockchain financial sector. If you would like to contribute or learn more about the Akita DAO, please join your Discourse (coming soon!) and Snapshot communities. The AKITA token Telegram channel is also available for community discussion and networking.

Formation of the Akita DAO

HACHI allows holders to represent their voice in the Akita DAO, a distributed-leadership community focused on building a long-term ecosystem for its members. The Akita DAO will use its current funding stream from Gitcoin (through Q1 2027) and any future revenue streams to support the development and growth of the ecosystem. By connecting to Snapshot, HACHI holders can vote on proposals that will steer this ecosystem development process.

Tokenomics

HACHI is a fully compliant ERC-20 token, with a maximum supply of 100,000,000 tokens. Transfers, selling, or buying of HACHI token does not incur any fee or “tax” on the transaction. The maximum supply of HACHI is divided into five different allocations: a community claim of 10,000,000 HACHI, an ecosystem awareness allocation of 10,000,000 HACHI, a leadership allocation of 10,000,000 HACHI, an ecosystem development allocation of 35,000,000 HACHI, and 35,000,000 HACHI tokens earmarked for liquidity.

Community Claim Allocation

These 10,000,000 HACHI acknowledge the long-time holders of the AKITA token and their engagement within the Akita DAO’s community. While early expectations were to airdrop these tokens, it was determined the most responsible way to include the active community was to announce the eligibility requirement, as well as a time period for a random snapshot to occur.

Claiming Time Period

The Community Claim Allocation is available to claim via a vesting smart contract for a period of 180 days, from the token’s appearance on Ethereum Mainnet December 14, 2022 at 22:00 GMT until June 12, 2023 at 22:00 GMT. Tokens will be available to claim 48 hours after HACHI is available for trade on Uniswap.

These tokens vest proportionally, every 30 days, for the first 90 days of the claim period. During the second 90 days of the claim period, anyone may claim their total claimable amount. At the end of the 180-day period, all unclaimed tokens will be reclaimed by the Akita DAO. These tokens will be used for whatever purpose is decided by the DAO.

Why Choose Akita DAO Coin?

Ecosystem Development Allocation

The ecosystem development allocation of 35,000,000 HACHI is reserved for use in supporting the growth and development of the Akita DAO’s ecosystem. This allocation may be used to fund the development of new tools and programs that can be utilized by the AKITA token-holder community, as well as to support partnerships and collaborations that help to further the goals of the Akita DAO.

AKITA Purchasing

15,000,000 HACHI have been earmarked for the purchasing of AKITA as determined by the DAO. This buyback period will begin after the 180-day Community Claim period has come to an end. All other details for this process will be determined by the Akita DAO, so please check back for details or contribute your proposals to the DAO discussion forum.

Leadership Allocation

These 10,000,000 HACHI are reserved for use by those responsible for developing and maintaining the Akita DAO and its ecosystem. 70% of this allocation vests over a period of 1 year from the date of launch as a form of compensation for the team which secured Gitcoin funding and launched the Akita DAO, encouraging continued contribution to the growth and success of the Akita DAO. The remaining 30% of the leadership allocation is held in reserve by the Akita DAO to provide an incentive for key roles within the organization.

Liquidity Allocation

The liquidity allocation of 35,000,000 HACHI is reserved for use in maintaining a sufficient level of liquidity in the market for HACHI. This allocation will be used to provide tokens to liquidity providers in order to ensure that the token remains easily tradeable. The liquidity allocation will be paired with ETH on Uniswap, and the DAO may choose which other DEXes and CEXes it will provide liquidity.

Where Can You Buy Akita DAO Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Uniswap (V3), As It Has The Highest HACHI/WETH. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include HACHI/WETH And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

Akita DAO Coin market screenshot

Akita DAO Coin Supported Wallet

Several Browser And Mobile App Based Wallets Support Akita DAO Coin. Here Is Example Of Wallet Which Akita DAO Coin – Trust Wallet For Hardware Ledger Nano.

FAQ Of Akita DAO Coin

Where I Can Find Akita DAO Coin Whitepaper?

You Can Find Akita DAO Coin Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Uniswap (V3).

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is N/A.

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