What is Microangel DAO?
Microangel DAO is a decentralized autonomous organization (DAO) with a mission to fund, acquire and operate web2 and web3 products, the resulting free cashflows of which are redistributed equally across all holders of the Microangel NFT, in a trust-less format.
The Microangel NFT is an access token powering membership into the DAO. Membership is expressed through voting power to agree, decline or abstain from any acquisition proposals within to the DAO.
In compensation of DAO Membership, holders of the NFT can claim a dividend yield from the DAO’s free cashflows, itself decided by the Current Annual Percentage Yield (CAPY).
Because the membership token is an ERC-721 NFT, it is a unique, non fungible representation of the membership and thus can freely be sold to a third party who would inherit both membership and dividend benefits.
The products acquired by the DAO are financed by the DAO Treasury, itself funded by the Daily Auction which emits new access tokens into the circulating supply.
Finally, because the nature of the DAO is to acquire businesses, DAO Exits Represent a third and important dimension benefit for DAO Membership through Exit Distribution grants whenever the DAO successfully exits one of its investments.
To power the Target Annual Percentage Yield (TAPY), the DAO Governance is split up into different tiers of membership, each with defined roles, responsibilities and Yield Bonuses commensurate with value generated.
Importantly, the DAO Core Team is the dedicated, full-time group of people who maintain, improve and grow the products within the portfolio, with the mission of maintaining peg between the Target Annual Percentage Yield (TAPY) and the Current Annual Percentage Yield (CAPY).
Products acquisitions by the DAO are sourced and executed by the DAO Dealflow Team, who is also employed by the DAO.