DappRadar DAO
  • 📡What is DappRadar DAO?
  • 📝 DappRadar DAO Report 2024
    • 🖥️ Management overview
      • Strengthening revenue streams and RADAR tokenomics
      • AI-Driven curation: the future of Web3 discovery
      • Looking ahead: the DAO’s vision for 2025
    • ⚖️ Legal updates
    • 💰 Financial reporting overview
      • Asset Balances as of 31/12/2024
      • Transactions since Token Generation Event (TGE)
      • Profit & Loss Statement
    • 🤝 Business development overview
      • 2025 Strategic priorities
    • 🏗️ Product updates
      • Feature releases and platform enhancements
      • User Experience Improvements
      • Looking ahead
    • 🔊 Marketing efforts
      • Collaboration with Lunar Strategy
      • Key efforts for 2025
      • Challenges & Strategic Adjustments for 2025
    • 🎉 Key milestones achieved in 2024
      • Strengthening Quests with multi-chain smart contract deployments
      • Experimenting with new revenue streams
      • Airdrops & Quests expansion as growth & marketing tools
      • Enhancing PRO features & staking incentives
      • Improved RADAR visibility & presentation
      • New homepage aligns DappRadar with DAO vision
      • Continued reliability as a node validator
      • Constant product & engineering improvements
    • 👋 Closing words
  • 📄DappRadar DAO Report 2021-2023
    • 👋Introduction
    • ⚖️Legal foundations for decentralization
      • Collaborative legal framework
      • Proposed governance structure
      • Engaging in DappRadar governance: A step-by-step guide
    • 🏦Financial reporting overview
      • Asset balances as of 31 December 2023
      • Transactions since Token Generation Event (TGE)
    • 🔵RADAR tokenomics overview
    • 🏅DAO activities and milestones
    • 👨‍👩‍👦‍👦Performance of community engagement channels
    • 🛣️Roadmap
    • 🫡Closing words
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  1. DappRadar DAO Report 2021-2023
  2. Financial reporting overview

Asset balances as of 31 December 2023

PreviousFinancial reporting overviewNextTransactions since Token Generation Event (TGE)

Last updated 1 year ago

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The RADAR token, pivotal to DappRadar DAO's governance and utility, was minted on December 14, 2021, across four designated token pools, as outlined in the . By the end of 2023, RADAR tokens constituted 97.9% of the DAO's holdings.

2022 saw the launch of RADAR on BNB Chain, followed by its introduction to the blockchain in November 2023, enhancing accessibility for our diverse community. The DAO also undertook significant role within the Ronin network in April 2023 as governing validator, diversifying its asset holdings across 4 blockchains:

RADAR is the driving engine of the DAO, and its usage is carefully planned and executed in line with the high level objectives and strategy of the DAO. We assess emissions and adapt the schedules for each pool to be in line with the expected intake capacity of the market and with the product roadmap. By having this approach, we ensure that the supply in circulation is in line with the RADAR utilities, therefore driving the development of the DAO in an organic way.

As of 31 December 2023, the distribution of RADAR tokens within the DAO's reserves is detailed as follows, highlighting both the allocation in DAO wallets and the utilization of RADAR tokens (in millions).

The Team and Shareholders pool, with over 30% already vested, has seen a minimal claim rate of about 0.3%. This reflects a profound dedication and confidence in RADAR's potential to bring substantial value to the community in the future.

Reflecting DappRadar's long-standing belief in a multi-chain ecosystem, our strategic focus has been on ensuring RADAR's cross-chain availability, a vision we've held since the early days when the blockchain landscape was much less diverse. This commitment is underscored by our efforts to enhance RADAR's presence beyond the Ethereum network, aiming to establish its utility across major chains like the BNB Chain and Polygon, as detailed by the allocation split of RADAR tokens among these networks as of the end of 2023.

This approach not only aligns with our foundational belief in the importance of multi-chain accessibility but also seeks to empower users across different networks to leverage the full spectrum of RADAR's utilities.

The strategic deployment of the Airdrop pool has predominantly supported liquidity and staking incentives, with approximately 35% of the earmarked tokens being distributed in the initial airdrops during 2021 and early 2022. Consistent with the directive of , the remaining RADAR balance in this pool is earmarked for community rewards, underscoring a commitment to enriching stakeholder engagement.

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DAO decision DCP-2
DappRadar whitepaper
Polygon