Shot: What is DWL token on DAOs dot world?
Get guranteed whitelist on upcoming launch on daos dot world.
Question
I got to know about Daos World Whitelist Token (DWL) but I am unable to understand its positioning. Can you make it easy to understand for me?
Answer
After a dao launch on daos.world, now its upto the team which launching dao to give allocations to potential crypto investors who invest in them at relatively very low market cap.
For that purpose, they do whitelist addresses of these potential investors. Distribution of these whitelists happens in untransparent way. This thing raised concerns amoung crypto community who aren't KOLs or well known.
To some extent solve this problem, daos world platform partner with all upcoming daos and distribute DWL tokens to people who are geniune community members.
Use of DWL tokens
- If you have 1 DWL token, you can burn it for obtaining guranteed whitelist in upcoming dao fund raising.
- If you burn less than 1 DWL token, then your entry will depend on weighted raffle.