Description
Launched on February 12, 2022 on the Fantom Ecosystem, ImpDAO is a fork of the Olympus protocol focused on active treasury deployment.
ImpDAO leverages the fractional reserve currency technology as a fund-raising tool to create a decentralized DeFi investment fund.
In the short term, ImpDAO is primarily focused on "smart beta" strategies i.e. giving DAO stakeholders a diversified and pre-vetted exposure to the Fantom DeFi ecosystem.
In the medium term, ImpDAO will follow a core + satellite approach similar to TradFi investment funds. The core + satellite strategy will result in the launch of additional (strategy) pods, which will follow specific investment strategies in order for ImpDAO to effectively deploy its capital into suitable pockets of the market.
In the long run, stakeholders of ImpDAO will be able to freely allocate their funds to specific strategies similar to choosing your ETF allocation with modern-day brokers.
ImpDAO was founded by BossImp and J0M4N, which are both doxxed to a third party KYC provider Assure DeFi.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, ImpDAO has established itself as a formidable player. It is currently ranked #6,456 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in ImpDAO as a viable digital asset.
Wallet Support
In order to securely store your ImpDAO tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, SpookySwap, Ledger. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade ImpDAO, you can use various popular exchanges such as DexScreener. These platforms offer a seamless experience and allow you to manage your investments in ImpDAO with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
