Initiation is complete.

Cult.DAO has successfully overtaken the soft cap required for launch on Unicrypt, and has now listed as the CULT/WETH pair on Uniswap. The total raise of the presale over 176 ETH.

As outlined, this will cover the development costs, and a one time marketing campaign to spread the word about Cult.DAO. After that phase is over, the responsibility for building $CULT lies with the community.

In a few days time, the staking and protocol app goes live. Once deployed, the team will renounce all contract ownership for Governance, the Token, and the Treasury. From that point on, the protocol will run through smart contracts, with no intervention from the devs or team. Everything is being put in the hands of the DAO.

We would like to thank all those who participated in the presale, and helped $CULT begin it’s journey.