Blockchain is gaining popularity in many industries, with a valuation record of USD 4.9 Billion. This trend is being fuelled by institutional venture capitalists as well as retail investors who are investing capital in crypto startups.
The market is forecast to rise to USD 394.60 Billion by 2028 at an annual rate 82.4 percent.
The crypto industry has seen great success and holds the promise of transformation. However, the sector is still young and unstable. Investors are vulnerable to scam Initial Coin Offerings (ICOs), shitcoins and other pump-and-dump schemes due to the absence of oversight and regulations in this area.
Investors feel hesitant about investing even in projects that appear to be worth their money due to the scams. It has made it difficult to raise capital for quality crypto startup companies. It will harm the crypto industry in the long-term and slow down the adoption of cryptocurrency if this trend is not addressed.
YashaDAO was created to promote a healthy cryptocurrency investment environment by eliminating the double problems of capital raising and verifying genuine projects. What is the real purpose of this initiative? What does the reality look like?
Continue reading to learn more!
YashaDAO – A Snapshot of the Project
YashaDAO, a Decentralized Finance (DeFi), protocol, is built on Ethereum.
YashaDAO seems to be a well-established company, based on solid investments and diligence. Memecoins are often a very risky business with large losses and frauds as well as exploitations.
Squid Game was one of many scams to hit the crypto community. It saw investors pull a USD 3.4 million rug in just minutes. Scam crypto projects cost investors over USD 4,000,000 in January 2022. Hacking attacks did not add to this amount. This is how the circumstances have turned out.
YashaDAO, according to its Whitepaper, is here to “transform the meme coin space forever and for good”. It is based on Ethereum and serves as an introductory program and capital pool for high-quality token projects and charities.
YashaDAO was subject to smart contract audits by Nebula (DeFi contract audit company), in order to demonstrate its trustworthiness. According to the audit report, YashaDAO’s smart contracts are “well- designed and engineered” with “no critical or high issues” found related to business logic, security, or performance thus providing transparency to its users from the start.
Which Segments does YashaDAO offer?
YashaDAO’s project can be divided into three components: Yasha Incubator is an incubator for cryptocurrency startups and Yasha DAO (the community of investors which also oversees the platform) and YashaPAD. This launchpad provides investors with safe, well-curated projects.
YashaDAO’s platform is designed to help investors connect with trustworthy startups. Thus, the “IncuLaunch” serves benefits to all stakeholders in the crypto investment space.
What does YashaDAO do for crypto investors and startups?
YashaDAO’s team has established Yasha Incubator, which is dedicated in evaluating and reviewing new blockchain ventures and initiatives. If you are interested in listing your project on YashaDAO, please submit an application with all details.
After the project is approved by YashaPAD, the community and team will review it. Launchpad follows strict due diligence procedures, including live video calling, 2FA with telephone numbers, background checks and watch list checks before listing. After these steps are complete, the project can move on to the next phase. This is where YashaDAO members will vote for the project to determine its credibility and viability to list it.
If the project passes these tests, they will be approved for listing on YashaPAD. They also have access to grants or investors. YashaDAO can transform crypto investment by listing reliable projects and allowing investors to finance notable projects.
Guzzler is an NFT-based racing game for cars. There are very few projects like it. $CLIFFThe platform has already successfully launched a hyper-deflationary token called. They are also performing well on secondary markets. A unique metaverse pet token, Pochi Inu (a Pochi Inu) was also launched on YashaDAO within a few hours.
YashaDAO: What’s Next?
YashaDAO, if achieved its goals, will be an incredible catalyst for the DeFi revolution. The crypto community has an unprecedented opportunity to secure funding, regardless of whether it is a protocol, NFT game or token initiative.
With YashaPAD’s incubator segment, cryptocurrency-themed companies can finance their ventures in the Web3.0 space without needing to reach veteran venture capitalists. They also have the opportunity to raise funds through a community-driven approach.