Tokenomics

• Token Name: Degen Trader by DegenDAO
• Ticker: DDAO
• Total Supply: 21 million tokens
• Team Allocation: 30% of the total supply is bought and locked by the team, ensuring long-term alignment with token holders.
• Additional Supply Lock: The team is actively acquiring more supply to lock, further solidifying the project's foundation and treasury stability.

Vision

To create a decentralized trading floor where token holders can benefit from the profits of professional trading while retaining governance rights and staking opportunities.

Degen Trader by DegenDAO aims to democratize access to trading profits, making professional trading strategies accessible to everyone.

Key Features

Creator Bid Treasury

The Creator Bid Treasury will serve as the financial backbone of Degen Trader by DegenDAO, funding a team of professional traders. Treasury funds will be deployed into diverse trading strategies to generate monthly profits (PnL). These profits will be distributed between voters, the trader, and the treasury.

Staking and Rewards

1. Base APR: A stable, predictable annual percentage rate for staking tokens.
2. Performance-Based Rewards: By voting on specific traders, token holders can potentially increase their rewards based on monthly PnL.

Trader Profiles and Voting

Each trader will have a detailed profile that includes their strategy, risk level, and expected returns. Token holders vote on the traders they wish to support, aligning with strategies that match their risk appetite and reward goals.

Professional Trading Team

Degen Trader by DegenDAO will operate like a traditional trading floor, employing multiple traders to diversify treasury funds. Traders are funded monthly from the treasury based on performance, with top performers gaining access to greater capital.

Roadmap

1. Phase 1: Initial Development
   • Launch $DDAO token
   • Secure 30% of the supply and lock it for long-term stability
   • Build the creator bid treasury
2. Phase 2: Platform Launch
   • Develop and deploy the staking and voting platform
   • Introduce detailed trader profiles and performance tracking
   • Begin recruiting traders
   • Implement a stealth mechanism to prevent mass copy trading
3. Phase 3: Expansion
   • Add more traders with diverse strategies
   • Enhance the CB AI bot for automated buy/sell and PnL tracking
   • Introduce a trader competition feature to incentivize performance
4. Phase 4: Community Growth
   • Expand governance features to allow token holders more control
   • Increase marketing efforts to attract new investors and traders
   • Establish partnerships with other DeFi projects

Security & Transparency

• Smart Contracts: All staking, voting, and PnL distribution processes will be governed by audited smart contracts.
• Transparency: Regular updates on treasury performance, trader PnL, and governance decisions will be provided to ensure trust.
• Risk Management: Diversification of trading strategies and treasury funds will mitigate risks and protect capital.

Benefits for Token Holders

• Passive Income: Earn base APR for staking tokens.
• Performance-Based Rewards: Gain additional profits by aligning with successful traders.
• Governance Rights: Participate in key decisions through decentralized voting.
• Long-Term Growth: Benefit from the reinvestment of treasury profits into the ecosystem.

Conclusion

Degen Trader by DegenDAO ($DDAO) represents a novel approach to combining traditional trading expertise with the decentralized power of blockchain technology.

By aligning the interests of professional traders and token holders, Degen Trader by DegenDAO offers a unique opportunity for investors to earn stable returns while participating in a dynamic and transparent trading ecosystem.

Join us as we redefine the future of decentralized finance.