Alchemy DAO — a project, designed to change the way you own irreplaceable assets completely. By creating DAOs, based on the ERC20 GovernorAlpha that turn any NFT into fungible and liquid tokens, Alchemy allows people to sell partial ownership, create collectives for collections and turn non-liquid assets into liquid ones.
Contents:
Description of the Alchemy DAO project
Alchemy DAO allows users to take any NFTs that comply with the ERC721 standard and create a decentralized autonomous organization that owns the underlying NFTs. DAO is controlled by DAO governance tokens, which are freely tradable and transferable. Each token gives 1 vote, so owning a token gives you control rights, allowing you to vote on what to do with the NFT and claim the right to sell the NFT.
Some features:
| 1 | An NFT can be purchased directly from a DAO by simply converting the ETH buyback for that NFT into a contract by purchasing the NFT from the DAO. |
| 2 | The price for each NFT can be set to any value, using the NFT DAO, which allows target prices to be set while maintaining the value of the management token as the aggregate value for all NFTs. |
| 3 | At any time, the management tokens for the NFT DAO can be burned in a proportional amount from the NFT DAO's ETH balance. This allows holders to redeem their profits after a DAO redemption, or exit if some NFTs have been sold but there is no liquid market for tokens. |
The DAO can issue new tokens for itself in order to be able to raise funds to buy more NFTs. By setting the cost of the boost and the amount to be sold, the DAO can mint governance tokens that will be bought by others in exchange for ETH. More users can join without having to sell to holders.
The Alchemy Token (ALCH) — a standard ERC20 token with custom features that will work as a management token. This implementation follows the release of the UNI token as a governance token.
Additional data
There is an introductory document on the site. With it, you can study the features of the project and the rules of work. If you have any questions, please ask them through the forum.
From social networks, the community leads:
Subscribe to stay up to date with all news and updates.