In today’s article we will introduce you to Hatch DAO – the newest DeFi Ecosystem on the Ethereum blockchain. What is their newly introduced governance token? Why is it different then CBDAO? How can you earn with the HatchDAO token? We have the answer to all of those questions and many more!
What is Hatch DAO?
Hatch is a decentralized organization with the specific importance placed on the participation in the governance from the community side. Those who contribute to the DAO are offered lucrative rewards and by doing that, Hatch is going to be able to offer a testing environment for blockchain researchers and developers to experiment with decentralized consensus protocols before the actual implementation in a DAO.
The idea is that the Hatch Ecosystem will provide a sandbox for an easy way to deploy many types of DAO tokens. Furthermore holders of the platform’s governance token – HATCH will be able to create and vote on proposals from the entire community and receive rewards for their contributions.
Why is HATCH better than CBDAO?
Hatch has the best answer to that question:
Hatch DAO is forked from CBDAO, which we improved to allow yield farmers to maximize annualized percentage yield when farming $HATCH. Contrary to CBDAO, users who wish to farm $HATCH can do so all the while farming the accepted governance tokens on their underlying protocols, resulting in a significantly higher yield and increased participation within the DAO.https://medium.com/@HatchDAO/introducing-hatch-dao-the-ultimate-sandbox-for-yield-farmers-and-developers-7906071ff8d0
Let’s take a look at HATCH’s tokenomics:
- Token Name: HATCH
- Public Sale Price: 1 ETH = 200 HATCH
- Max Supply: 10 000 000 HATCH
- Token Type: ERC-20
The max supply of HATCH is rather low, considering that and also the fact that all unsold tokens from the public sale will be burned – we might see the price of HATCH skyrocket afterwards. But let’s not get ahead of us.
What will HATCH be used for?
All holders of HATCH will have plenty of use cases for their tokens:
- Creating Proposals
- Voting for Proposals
- Staking – Users will be able to stake HATCH for a period of 30 days and earn rewards (40% APY)
HATCH – Public Sale
Now that you know what HATCH DAO is and how it will work, let’s see from where and when we can buy some HATCH tokens. A total amount of 1.5Mln HATCH tokens will be available during the official public sale for 1 week. After that all unsold HATCH tokens will be burnt.
Sadly there is no official date set for the public sale but you can follow HatchDAO’s social accounts to stay up to date!
HatchDAO is certainly one of the well-thought DeFi projects on the Ethereum blockchain. With their lucrative ecosystem and smart tokenomics the project will certainly gain a lot of attention. We can’t wait to find out more in the coming weeks and will certainly keep you posted.
Thank you for checking out our article and remember to always do your own research before investing.
Official Telegram: https://t.me/HatchDAO
Official Discord: https://discord.gg/ywkj77H
Official Twitter: https://twitter.com/HatchDAO
Official Announcement: https://medium.com/@HatchDAO/introducing-hatch-dao-the-ultimate-sandbox-for-yield-farmers-and-developers-7906071ff8d0