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A delegate talks on his phone at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta' Qali, Malta October 3, 2019.
A delegate talks on his phone at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta' Qali, Malta October 3, 2019. Reuters / DARRIN ZAMMIT LUPI

Investing in startups has always had a high barrier to entry, and performing due diligence takes specialist knowledge. Many of the world's brightest brains are never given the chance to show off or expand on their ideas. Insufficient funding and the inability to bring their ideas to completion keep these geniuses confined.

However, Science DAO, which began operations on May 5, 2022, is a solution platform that guarantees creative technologies and scientific breakthroughs receive the attention they require to develop and shape. Entrepreneurs may propose their products to the DAO community for funding and other help on the incubation platform.

The Science DAO's mission is to disseminate cutting-edge technology and scientific advances to the general public for the benefit of society and mankind. The ultimate objective is to create a comprehensive DAO for Science.

Unlike other venture capital and investment firms, the Science DAO has fewer entrance hurdles and runs on the Blockchain. DAO members will be able to submit projects for financing. Not all projects will be picked, but even those that do not receive direct funding from the DAO may gain support from individuals within the DAO.

The Dynamics of Project Selection

An NFT would be generated for each proposed project to reflect the fundraising. The planned cause would be funded via NFT sales. The NFT utility would be propositions such as early purchasing access for market-ready products or access to privileged series A and B funding rounds.

Projects raise funds by issuing NFT proof of ownership smart contracts with a floor price tied to the project's current value.

The floor price is linked to the valuation, meaning that when the valuation rises, so does the floor price. As a result, the investment platform would act as a trading environment in which venture funds and retail investors may see their NFTs' floor prices rise based on the stage of funding that the incubated project is currently in.

On the open market, the Science DAO token THEORY ($THRY) will be offered to retail participants. Scientific funds, institutes, and universities, on the other hand, will be the primary demography of targeted participants. The DAO intends to bring these institutions together, stimulate growth, and make developing technology accessible to the general public.

In this sense, the team will place a strong emphasis on commercial growth to establish the world's biggest decentralized scientific think tank.

The Token Utility

The token will act as a governance token, democratizing and decentralizing the project funding process. Holders of tokens will have voting rights according to their holdings as a percentage of the total token supply.

NFT fundraising events for projects will prioritize holders who have staked more tokens through time slots. This guarantees that holders who have staked more tokens receive preferential consideration to purchase additional NFTs with earlier access.

Token holders will not only be able to contribute to actual innovation, but they will also be able to participate in the industry-altering transformation. Throughout the project's existence, token holders will have direct access to procedures and innovations.

How to Purchase the Token?

To provide an opportunity for institutional and retail investors to collaborate and participate in life-changing innovations and inventions. Owning shares of the token means having a say in upcoming emerging developing technology.

Users can buy THRY to vote on projects. It will serve as the platform's governance token, with one token equaling one vote.

THRY is presently only available on the Ethereum Network, thus it is best acquired through UniSwap.

Everyone with the THRY token can then vote on projects. The team aims to disseminate emerging, innovative technologies and scientific advances to the general public to improve society and mankind.

The Team and Its Centrality

The notion of the Science DAO is inspired by a problem that has long afflicted the scientific community: a lack of community support for innovators and their disruptive innovations and developing technologies.

In light of this, the team has established a decentralized community known as a think tank, where innovators, creatives, and institutions may collaborate to stimulate growth and incubate breakthrough solutions.