Introduction

Dragon Ball Dao is a Dao that is on the Ethereum Blockchain. Decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottom-up management approach.

Dragon Ball aims to leverage blockchain tecnology to create a permissionless protocol for individuals to retain full ownership over their assets while benefiting from the expertise of the best managers to trade their captial. By utilizing the Dragon Ball protocol, individuals can easily connect anyERC-20 compatible wallet to the decentralized app (dApp) to deposit, store, and sell trust minimized cault tokens ar any time without lock-ups and allow yourself to either vote on pending future options or to gain passive income over time.

The transparent nature of the Ethereum Virtual Machine blockchain allows the Dragon Ball DAO protocol to record every trade, deposit, withdrawal, and vault tokens as immutable transactions on the blockchain. Users can easily track and verify all of the transactions of a trust minimized vault utilizing the Dragon Ball app.

Staking

Staking rewards are based on Dragon Ball DAO (DBD). APY (Annual Percent Yield) shown in the staking model is the APY from your starting DBD balance. As your DBD balance declines, so will your staking rewards and your true APY. Longer lockup periods will have a higher initial APY, as DBD will be higher, and staking rewards and APY will decline slower on longer lockup periods.

Treasury

The protocol Treasury is a Dragon Ball DAO (DBD) vault where protocol revenue is collected. Protocol revenue is a direct function of vault performance fees as protocol revenue is currently 10% of newly minted shares for all perfomence fees across the protocol. This means the protocol treasury holds shares of top performing vaults across the protocol.

DBD stakers are responsible for rebalancing the treasury to make sure it:

• Maintians exposure to the best vaults on Dragon Ball while minimizing downside risk

• Contibues to grow

• Backing to assist the projects growth and development

Supply and Taxes

The implementation of taxes on project tokens has proven to foster robust communities, as members appreciate the benefits derived from the utilization of the collected taxes. However, maintaining the optimal level of taxes to drive project advancement becomes challenging as the community expands. To address this, their solutions is to allocate a percentage of accrued taxes to acquire investments for the future DAO. These investments will primarily be made in yield-bearing assets, and any profits generated will be reintroduced into the Ecosystem through staking incentives, token price growth, further development, and extensive marketing efforts.

$DBD has a fixed supply of 1 billion tokens that cannot be inflated, and no additional $DB tokens will be minted.

The $DBD smart contract incorporates a 2.5% tax that is automatically deducted from each transactions. The proceeds from this tax are allocated to the liquidity pool, the treasury, as well as maintenance and marketing efforts.

How to Buy

Install Wallet

Install MetaMask or TrustWallet for example and follow their simple setup instructions.

Select Chain and Currency

Select your preferred chain from either Ethereum Chain, Binance Smart Chain or Polygon Chain and choose the currency from the respective chain that you have selected.

Connect and Swap

Connect your wallet and swap your selected currency for $DBD.