At its heart, The Degenerate D.A.O. is a community of the most devoted and committed investors in the NFT and Crypto Space, as well as hustlers and money makers of this era. Their goal is to provide assets and utility to the community and their upcoming NFT project will be on the Solana Blockchain.

The community fund

After the generation 1 mint, the community fund will be created, and $40,000 will be split between four different funds for both long and short-term gains, including cryptocurrency, property (both physical and metaverse properties), stocks and shares, and many other options that will be voted on by the community when the right time comes. This will be expanded to $100,000 after the 2nd generation mint, with $25,000 split between four distinct funds. All proceeds will be reinvested in the fund.

Giveaways and future utilities

There will be 5 exceptional 1-1 Skeletons among the first 555 degenerates. On sell-out, the lucky individuals who manage to mint one will be airdropped 1.55 $SOL. The hidden qualities of the first generation will be disclosed after generation 2 is launched, offering extra utility to holders such as NFT airdrops, passive revenue, yearlong subscription, and so on. The 1-1 Skeleton will get the greatest rewards.

The degenerate community

They want to create a community of grafters, moneymakers, and schemers that will band together and help each other increase their funds. They are hopeful that they will be able to make this project lucrative for all parties involved because no one buys NFTs to go bankrupt.

This project will be launched on the Solana Blockchain ($SOL). The total supply for generation 1, as we mentioned above, will be 555 units. The mint charge will be set at 0.55 $SOL. This project has the ambition to be listed on secondary markets such as MagicEden and after that on some other popular sites. There is also the Whitelist, the WL has 100 spots available, giving you the opportunity to mint before the general public does and at a reduced price. The degenerate D.A.O. is an 8-bit style project because they want to focus their efforts on the fund and D.A.O, therefore the art becomes secondary as they are not a PFP.

Are the 555 units enough for the $100,000 Fund?

The 555 Generation 1 drop is to build trust in the community and will be a strong start to the fund; they plan to hit their target by the end of the year with their Gen 2 release.

Link: http://the-degen-dao.com/