Shibarium Project News: BRICK DAO: Pioneering the Future with Community and Innovation

There is a new player joining the world of Shibarium, the BRICK decentralized autonomous organization (DAO). With a grand vision set towards enhancing the adoption and development on Shibarium, BRICK promises a refined strategy to support and transform the ecosystem.

ADVERTISEMENT

BRICK’s token, aptly named BRICK, has a limited supply of 100,000. What’s intriguing about its structure is the 3% tax, which is bifurcated such that 1.5% offers $BONE Rewards to its holders, and the remaining 1.5% finds its way to the DAO Wallet.

#BRICKNation,

Just as #Shibarium continues to evolve, we will continue to roll out the foundation of our #DAO Brick by Brick. We are pleased to release the first process of Initiative 2; Support projects bringing value to the network.

?BRICK DAO is NOW accepting Project… pic.twitter.com/nzYkSohEUf

— Brick by Brick (@Brick_on_Shib) October 2, 2023

The mission of BRICK is unmistakably clear: to accelerate the global embrace of the Shibarium Network. This is not just a lofty goal; BRICK has outlined a dual-path approach. Firstly, they are determined to educate and onboard potential investors, ensuring they understand the potential and mechanics of the Shibarium Network. Secondly, BRICK is not just a passive spectator but actively rolls up its sleeves to support and invest in both projects and technological advances that can enhance the value proposition of the Blockchain.

ADVERTISEMENT

The DAO Wallet, a central element in BRICK’s arsenal, is impressively versatile. This digital wallet is engineered to cater to a myriad of tasks, including marketing, community rewards, buy-backs, liquidity provider injections, and the straightforward investments into promising projects or groundbreaking technology.

The decision-making process within BRICK is as innovative as its mission. Every token holder has a say, but how loud their voice echoes depends on the number of BRICKs they possess. While every token holder’s perspective is valued, the ‘Teh Foundation’—comprising individuals who hold a significant chunk of more than 500 BRICKs—has a more substantial sway in decision-making. Yet, it’s worth noting that this doesn’t marginalize smaller holders, affectionately referred to as ‘Brick Layers’, who possess at least one BRICK.

Communication sits at the heart of BRICK’s operations. They champion an open dialogue through their Telegram forum, a platform where all $BRICK holders can freely express their perspectives. For those who feel their voices are being overshadowed, there’s a direct suggestion channel that guarantees the attention of the influential ‘Teh Foundation’.

#BRICKNation,

The mission is bigger than $BRICK.

This mission is about #Shibarium:
?Education
?Resources
?Value
?Funding
?Support
?ADOPTION

We may be $BRICK DAO, but $BRICK DAO is #SHIBARMY!

United We Stand, Divided We Fall!

-? Toshi pic.twitter.com/ah90UK8ZOF

— Brick by Brick (@Brick_on_Shib) September 13, 2023

One of BRICK’s standout features is its approach to project proposals. Every proposal is required to be exhaustive, covering every nook and cranny of the project’s specifics. Once it garners the interest of the Teh Foundation, it faces the collective scrutiny of the BRICK DAO through an “Ask Me Anything” (AMA) session. Following the AMA, the entire community votes, determining which projects will receive BRICK’s coveted support. And the rewards for the approved projects? A slew of benefits, including access to discounted KYC processes.

BRICK also extends its arms to development proposals. These are uniquely positioned for investments directed at development endeavors rather than tokens. Every such proposal is meticulously vetted to understand its return on investment potential.

At the heart of BRICK’s democratic ethos is its voting mechanism, facilitated through the BRICK DAO Dapp. The weight of each vote hinges on the number of BRICKs a member holds. However, BRICK introduces a unique twist with the “BRICK Sacrifice”, allowing its members to bolster their voting influence by sacrificing their tokens for decisions they are truly passionate about.

Beyond its structured operations, BRICK’s major contribution remains its active role in uplifting the Shibarium Network. From hosting to offering robust support to potential game-changer projects, BRICK remains at the forefront. Furthermore, the chosen projects receive the Golden Brick NFT—a gateway to a plethora of discounted DeFi services from some of the biggest names in the industry.

BRICK isn’t just another token, it’s a vision. A vision that seeks to be the very cornerstone in the expansive growth landscape of the Shibarium Network, marrying community power with innovation for a brighter blockchain future.