Decentralised community fund and GameFi platform incubator backed by a digital economy.
The treasuryEl Dorado provides early settlers with a high yield of ELDA, the city’s reserve currency.El Dorado’s treasury is the heart and soul of the community fund, which is backed by a breadth of digital assets.Settlers can stake the city’s reserve currency, ELDA, for yield benefits and governance rights.
Gaming Incubator & ArenaThe Incubator cultivates the best GameFi projects which are then put to the test in the GameFi Arena.El Dorado is home to a thriving gaming incubator which is funded by the treasury. Settlers use the cities voting mechanism to determine which projects can be put to the test into the GameFi Arena.Settlers who play incubator games will be rewarded with ELDA which can be spent within the game or at the NFT marketplaceAnnual Percentage Yield30,876%Treasury Balance$0 USDMarket Capitalization$ 12,963,289 USDTotal Value Locked$ 11,633,554 USD
El Doradao City Map
City StatsCoin STATs
The road to eldoradao
The Quest
Next-Gen Digital EconomyThe original founders of El Doradao set on a journey to find the a digitial economy that had a sustained upward pressure in value. The quest was on to find a city with a built in fabric of modern game theory mechanics to ensure a health financial ecosystem.
Real Token Utility El Dorado's treasury is built upon an innovative dividend bootstraping mechanism that rewards both early investors and hodlers. On top of this , El Doradao will provide real world utlity and sustained ELDAO token value via GameFi platforms, GameFi investments & its thriving gaming community.
Tokenomics
Token SupplyAt launch, ELDA had a Total Diluted Supply of 10,000,000 $ELDA.
DistributionEldao sold 20% of the Initial Total Diluted Supply during our Community Offering. 40% was sold during our Fair Launch in order to bootstrap our treasury. 20% of tokens are reserved for the team (locked and vested over one year), 10% for marketing & partnerships, and 10% were set aside for initial liquidity providing.
Please refer to our Launch & Tokenomics Medium article for more details.City Developments
Q1 2022
- Eldao Launch
- Staking and Bonding Live
- App Live
- Market Operation initiatives
Q2 2022
- Grant Applications
- Dashboard Updates
- 4,4 Bonds being deployed (hyperstaking)
- KYC audits for further trust
- Launch of DAO and Governance
Q3 2022
- Listing on Centralised Exchanges
- Launch of Teaser Game
- Further partnerships
- Quartlery Security Audit
- Dual-incentivized liquidity pools
Q4 2022
- Eldao Launch
- Staking and Bonding Live
- App Live
ELDORADO FAQOLYMPUS DAO FAQ
Are you forking OHM?
What is the Innovation Fund and how will it work?
What do you think the vetting process of these start up projects will look like?
The projects we invest in will likely be later stage, closer to their launch, so those inherently are less risky and we will be able to see community, traction, and product.
For earlier projects that are less proven, we plan on having a very active relationship with those teams, helping them incubate and grow. We even envision ourselves having developers reach out to us telling us that they want to build something, and us providing them with an idea and infrastructure to start. Our team comes from a variety of backgrounds, including crypto venture capital investing, blockchain development, product management, and marketing. Additionally, the DAO will vote and ultimately be the arbiter of any decision made by the Innovation Fund.
What measures are you considering to use for mitigating risk when choosing projects to use the Innovation Fund?
Partners
Engage with the community, ask questions, participate in AMAs and more!