Convert Cardano ADA to Cult DAO CULT

Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.

What is CULT? CULT is the tradable and liquid token of CULT DAO, transacting CULT will contribute to the protocol by filling the DAO treasury slowly, to fund investments into decentralised technologies. This is achieved due to a 0.4% tax on all CULT transactions. What is dCULT? dCULT is just the “proof of stake token” for CULT. When you stake your CULT into the DAO, you are given dCULT, this can be swapped back at any time into the amount of CULT you staked originally, plus any rewards that were given to the DAO in the time period you owned dCULT. What makes CULT different from other decentralised investment platforms? There is no control, no human interference whatsoever, we cannot change Cult, we cannot access the liquidity, we cannot upgrade or edit the smart contracts or the token. Cult is different because it cannot be stopped, not by the Guardians, the developers, the government, regulation or anybody. They can destroy the servers but the code lives on, the investments into Decentralised technologies remain.