Cryptowriter - Angel Protocol
What is Angel Protocol?Angel Protocol is the world's first Decentralized Autonomous Non-Profit Organization (DANO) that aims to disrupt the charity model.
There's nothing wrong with charity per se, but being a nonprofit means that there is an inherent reliance on a constant stream of donations to survive. As it is, 30% of nonprofits in the US face liquidity issues and 50% have less than one month of operating reserves.¹ What is Angel Protocol doing to solve this?Angel Protocol provides a decentralized donation platform that conveniently connects donors to partnered charities. They’ve constructed a perpetual endowment framework that taps into DeFi products like Anchor & ApolloDAO. This provides nonprofits with a constant stream of income, without needing to even touch the principal amount in their endowment! "Give once, give forever"
Angel Protocol’s litepaper explains it best: Donors can also qualify for tax relief via the tax receipts they get from charities if they opt in to a light KYC. GovernanceWithout going into too much detail, there's two levels of governance.
1. Charity Level GovernanceCharity Supporters stake $HALO with their chosen charity in return for Charity Shares, allowing them to oversee charity-level governance. For example, the Charity DAO can vote on proposals like emergency unlocking of funds, transfer of beneficiary, dissolution, etc Source: @Delphi_Digital 2. Protocol Level Governance$HALO stakers are also responsible for overall governance of the Angel DANO $HALO stakers vote on proposals like treasury spending, development, committee appointments, etc Source: @Delphi_Digital In order to incentivize $HALO holders, yield from each charity's endowment is distributed back to both the stakeholders and the charity. Source: @Delphi_Digital If you'd like to take a deeper look into the $HALO token design, do check out the full paper below.² PartnershipsMeet the Angel Alliance ❤️🔥🤝😇
Over 60 members of Protocols, Validators, and NFT Collections committing at least 1% of their revenues to Angel's charitable endowments. Angel Protocol 😇 @angelprotocol When Angel started, we wanted to make sure any & all projects could utilize our Charitable Endowment infrastructure as their own. We are BEYOND thankful for all the Protocols, Validators, and NFT Collections who joined in generative giving while creating value for all! Long🧵⬇️Angel Protocol is powered by not just the community, but by partnerships with protocols, validators, and NFTs. 1/ Angel Protocol x OlympusDAO (😇,😇)
@OlympusDAO is releasing Olympus Give, allowing $OHM yield to be redirected for good. @angelprotocol is proud to be in the 1st cohort of trusted partners!
#LUNAtics🤝#OHMies stronger together.
Welcome to the @AngelAlliance_ Ohmies!
🧵👇 So how can you contribute?When Angel Protocol’s V1 goes live in Jan 2022, you'll be able to donate to charities' endowments, stake $HALO, and participate in the Angel DANO. Besides that, the Restore Earth campaign is currently ongoing til the end of the year. In collaboration with Galactic Punks, donors are entitled to receive a Galactic Angel which will play a role in the GP metaverse! Find out more: It's not too late to SAVE THE PLANET .
Give through Dec to the Restore Earth campaign. loom.ly/0KfopkQ Donate $BTC, $ETH, $LUNA, or $UST
✦ Avoid capital gains
✦ Enjoy a tax write off
✦ Receive Galactic Angels from the
@galactic_punks You can get $HALO from: - https://dex.loop.markets/swap#Swap - https://coinhall.org/charts/terra/terra1yjg0tuhc6kzwz9jl8yqgxnf2ctwlfumnvscupp At time of writing, DO NOT get $HALO from Terraswap, as the liquidity is on Loop. Terraswap and Astroport pools will come in the future! Note that $HALO was launched using the LBP method, this this evident from their price chart. Hope you learnt more about Angel Protocol and are now inspired to "win and help win"! Here's a brilliant 1m30s overview of $HALO: A great recap of Angel Protocol & $HALO: 1/ Whenever I talk about @angelprotocol these days I find it difficult to cover all the highlights. So for myself and all you #LUNAtics out there, I’m consolidating in this thread some fun facts about @angelprotocol & $HALO you may have missed.
Strap in, gonna need 2 🧵🧵 Disclaimer:Nothing in this thread is to be taken as financial advice. I am not working with or related to @angelprotocol, but I am personally invested in $HALO at time of writing. Follow MeAngel Protocol Official LinksTwitter | Medium | Discord | Telegram Comment & Earn!Share your thoughts and opinions on the topics covered within this blog in the comments below for your chance to win yourself an NFT. Click here for more information on our engagement rewards. If you liked this post from Cryptowriter, why not share it? |
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