Inspired by the great Dumbledore, who was a legendary collector, DumbleDAO aims to acquire the largest passive income generating NFT collection on the planet.
Each $DUMBLE transaction will incur a 5% tax for the DAO Treasury. DAO members will vote on which NFTs to purchase, and the yield will be split up between token holders and DAO members.
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.