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dao5 is an experimental cryptocurrency investment fund that will convert into a decentralized autonomous organization (“DAO”).
Upon conversion, DAO5 tokens will be minted and issued to the fund’s investment team, advisory board, and portfolio company founders. The legal entities that comprise the fund will be dissolved, and the general partner’s assets migrated to an on-chain treasury owned and governed by DAO5 tokenholders in perpetuity.
The goal of dao5 is to empower our portfolio founders to manage a new treasury of assets which backstops the value of the DAO5 token. What happens after that will be determined by DAO5 tokenholder governance. We anticipate that dao5 will not operate with a pre-defined mandate; but rather will be constantly evolving and adapting to the needs of the frontier decentralized economy.