The Avocado DAO (Decentralized Autonomous Organization) is an open community of blockchain enthusiasts and metaverse believers. Initially, Avocado DAO intended to conduct and facilitate a range of activities to improve the ecosystem of blockchain games and validate yield farming.
Avocado DAO stakes in current and future NFT (Non-Fungible Token) assets within games and emerging metaverse and lends the NFTs back to their guild members to maximize profits. The Avocado DAO intends to distribute all these profits to all its members, including those who own the Avocado Guild ($AVG) token and to maximize the utility of all the NFT assets owned by Avocado DAO.
According to its whitepaper, the Avocado DAO stake in NFT assets and works to grow and enhance a community for virtual gamers to create and play blockchain games. Avocado DAO's primary objective is to facilitate an environment where more people can be exposed to blockchain technologies and take advantage of opportunities within different metaverse.
To achieve this goal, the Avocado DAO provides access and education. Attainment of this objective rewards both guild members and holders of the $AVG tokens with yield profits for their participation in the Avocado DAO.
Further, the Avocado DAO fulfills the belief that metaverse can improve the way the world gets done and the quality of life for many people. The Avocado DAO strives to systematically and passionately build a community of gamers and contributors that is empowered and uplifted.
ERC-20 tokens get issued on the Ethereum network for $AVG Tokens. The Token Launch Auction (TLA) is conducted using a Balancer Liquidity Bootstrapping Pool (BLBP). The TLA model provides open-access distribution of $AVG. The following features are available to holders of $AVG tokens: