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DAO as Money: Increased Token Demand and Liquidity
DAO Maker sales have so far been conducted in stablecoins only. Over time, the DAO token’s market cap has grown, and it has sustained a $100M+ status for a sustained period now.
Moving forward, any SHO that has a net raise of $400,000 or less will be conducted in DAO tokens rather than stablecoins.
> This policy is particularly valuable because of public SHOs.
There are hundreds of thousands of new sale participants who join public SHOs. Now, they will have to hold some DAO at all times to be able to enter sales.
More Holders. Increased Staker Conversion.
This move is expected to multiply the holder count of DAO and also reduce friction in growth of stakers.
Once people already own some DAO, they’re more likely to convert to staking.
