【Lumaogonglue】Low-threshold, Zero-cost Acquisition of zkSync & veDAO Double Airdrop

This year, in the context of Web3, the hottest topic is undoubtedly zkSync in the ZK track. Most users in the industry have participated in the vigorous lumaogong activity, hoping to gain substantial wealth rewards after zkSync's coin issuance.

Now, veDAO offers lumaogong players a new option: participating in veDAO's ecosystem voting & governance, users can obtain the qualification for zkSync's airdrop at a low threshold and low cost (only the gas fee paid when receiving test coins, with no other costs involved). Moreover, through deep involvement in veDAO's ecosystem, users can not only obtain zkSync airdrops, but also receive generous rewards from veDAO, achieving a double benefit.

About veDAO and veDAO Governance

First, let's introduce what veDAO is.

veDAO is a decentralized investment and financing platform led by DAO. It is committed to providing an open, transparent, and low-threshold investment and financing platform for all financing parties, investors, and community governors through a democratic voting mechanism, allowing all participants to share the dividends of project development and become beneficiaries of top projects in the future.

Currently, the veDAO platform includes a collection of nearly 2000 Web3 projects on the market, covering 37 tracks including DeFi, GameFi, DID, and 58 networks including ETH, BSC, and Polygon. For each project included, veDAO strives to perfect the relevant information as much as possible.

At present, the veDAO platform has a database of 21,006 Twitter KOLs, with 171 KOLs and 75 institutions including Debox and Furion as partners.

In addition, the recently launched expert committee function on the veDAO has reached in-depth cooperation with 40 professional institutions including New Fire Technology, Arcane Labs, and LK Venture. This expert review team composed of these institutions will score and review projects that users are interested in.

Among the many functions in the veDAO ecosystem, the veDAO governance part is worth mentioning: veDAO allows DAO members to maximize and fairly distribute benefits through decentralized democratic governance.

The core logic of veDAO is twofold: project review based on DAO autonomy and participation incentives based on DAO autonomy for different roles. In the veDAO ecosystem, users are no longer limited to the role of investors, but join the DAO organization, become any role in the DAO, and obtain additional profits by leveraging their own abilities beyond subscription investment.

For example, a business manager who successfully negotiates with a financing party to conduct an IDO on veDAO can receive a 1% reward of the financing amount. Similarly, as a talent scout, by selecting high-quality targets from a large number of projects and submitting them to the platform, they can also receive a 1% reward of the financing amount.

More importantly, as a DAO user, you can also choose to stake DAO tokens and hold veDAO for voting. Users participating in veDAO governance will receive benefits in two aspects:

One is from the governance behavior itself, such as governance benefits: all voters will receive governance benefits. Voters who make the right choices will receive more votes and thus more governance benefits. (See below)

The other is the expected rewards based on governance behavior: by completing whitelist tasks and participating in veDAO platform staking and voting, users can earn AlphaDAO tokens in the veDAO ecosystem (which can be exchanged for formal DAO tokens later), and users can also earn based on veDAO platform activity value and contribution. These dimensions will help users obtain more benefits in the process of exchanging AlphaDAO for DAO.

The veDAO platform's active value task system is currently divided into two types: one-time novice behaviors and unlimited advanced behaviors. Each behavior corresponds to different scores. The specific score situation is as follows:

Currently, veDAO has launched a test token AlphaDAO airdrop in Q1 of this year for early users to participate in platform activity construction. Note: The acquisition period is from February 10, 2023 to June 10, 2023, which means there are still 9 days left. Users who want to participate should not miss it. (Specific participation methods are detailed below)

In Q2 to Q3, veDAO will launch the formal token DAO. When DAO is listed, veDAO will conduct a DAO airdrop activity for early participants in platform activity construction who have obtained activity value. Note: The AlphaDAO obtained by users is a test token version, and the formal token is DAO, with an issuance price of $0.01. When DAO is listed, the AlphaDAO in the user's hands can be exchanged for DAO. Depending on the user's activity value and contribution on the platform, the maximum exchangeable amount is 500,000 DAO ($5,000), and the minimum is 50,000 DAO ($500). In fact, leaving aside other rewards, the exchange rate of DAO alone is a good airdrop reward for users.

The above are the rewards that users can obtain based on the veDAO ecosystem. In addition, participating in veDAO governance also has an attractive reward: obtaining zkSync airdrops.

As a multi-functional aggregation launchpad platform, veDAO has also deployed the popular public chain ecosystems in Web3, including zkSync. As the hottest concept in the current Web3 industry, the expected issuance of zkSync tokens has sparked a frenzy of lumaogong among global users.

We can also see that there are countless tutorials on how to lumaogong zkSync in the industry, but upon closer inspection, most tutorials cannot escape the cumbersome steps: linking the MetaMask wallet, receiving test coins, clicking on tweets multiple times, making trades on Uniswap, and so on... Or it involves cryptocurrency deposits, which often means being restricted by regional KYC and paying a cost of around 20U for each operation, which is a significant expense for lumaogong users in the long run.

Therefore, veDAO follows the trend of industry development, keeps up with cutting-edge concepts, and provides a simpler way for more veDAO users and Web3 users to obtain zkSync airdrops: participating in veDAO governance. As long as users participate in veDAO governance, they will have the opportunity to receive zkSync tokens in the future, achieving a double benefit.

How to Participate in Governance?

As mentioned above, the rewards that can be obtained by participating in veDAO voting & governance are quite substantial. So, how can we as users participate?

First, you need to obtain the qualification to participate in veDAO governance.

1. Open the veDAO official website:

https://app.vedao.com/

2. Connect your wallet:

3. Go to your personal homepage and click on "Get Airdrop".

4. Click on "Check My Qualification".

5. If your wallet address is not on the whitelist, don't worry. You just need to complete the platform's designated tasks to receive the whitelist for receiving test coins.

6. The tasks are very simple:

https://gleam.io/oSa4Z/alphadao-airdrop

7. After completing the tasks, users can return to veDAO after 24 hours to refresh the page and obtain the qualification to receive test coins.

8. After receiving the AlphaDAO airdrop, you can participate in veDAO voting & governance.

9. Before participating in voting, users need to stake their AlphaDAO to obtain veDAO voting rights. Currently, veDAO has launched six staking pools, corresponding to staking periods of 7 days, 30 days, 180 days, 360 days, and 1440 days. The APY and voting proportion vary for staking pools of different durations. Users can choose according to their own needs. It is worth noting that the AlphaDAO airdrop obtained by completing tasks will be automatically staked in the 180-day staking pool. After receiving mining rewards, users can choose different staking pools.

10. After staking, users can vote and comment on projects on the platform. Open the project you want to vote for, click the blue hand gesture to support, and click the red hand gesture to oppose. Users can also comment on the project while voting, expressing their views and reasons. All of these actions will be considered contributions to the ecosystem by veDAO and will be recorded in the user's activity value and contribution.

The above is the complete process of participating in veDAO governance. It is worth noting that the "All Chains Voting Count" shown in the image refers to the number of votes that can be cast for each project, and each project has independent voting.

Detailed explanations of the voting rules and reward and punishment rules for veDAO governance will be provided in the following section.

veDAO Voting & Reward Rules

• Users stake tokens to obtain veDAO. The quantity of veDAO is determined by the quantity of tokens staked by the user and the staking period. The more tokens staked and the longer the staking period, the more veDAO obtained, and vice versa.

• Number of votes = veDAO quantity * level parameter

• When the actual fundraising amount > 70% of the planned fundraising amount (e.g., the planned fundraising is $1 million, and the actual fundraising is $900,000), it is considered a high-quality fundraising. Voters who vote in favor are considered to have voted correctly, and voters who vote against are considered to have voted incorrectly.

• When the actual fundraising amount < 70% of the planned fundraising amount (e.g., the planned fundraising is $1 million, and the actual fundraising is $600,000), it is considered a low-quality fundraising. Voters who vote in favor are considered to have voted incorrectly, and voters who vote against are considered to have voted correctly.

• Reward and punishment: If a voter votes incorrectly, the level parameter will decrease, and if a voter votes correctly, the level parameter will increase. Through the reward and punishment mechanism, outstanding individuals will stand out and receive better governance benefits.

• Lottery mechanism: Allow more people to obtain investment quotas, and allocate quotas fairly and justly.

• When the number of participants is less than the number of sale quotas, it is generally guaranteed that at least one person will receive at least one quota.

• When the number of participants is greater than the number of sale quotas, the allocation of quotas is determined based on the veDAO staking amount.

• Swordbearer Council (proxy system) (not yet launched)

• Accept votes on behalf of users and exercise voting rights.

• The committee is also an important organization for project review.

Staking can earn substantial APY returns; participating in voting can increase the quantity of future DAO tokens obtained; and there is also the opportunity to receive zkSync token airdrops. In addition, there are qualifications for participating in Launchpad, obtaining the latest project dynamics, and more. veDAO achieves multiple benefits with one action.

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veDAO is a decentralized investment and financing platform led by DAO, dedicated to discovering the most valuable information in the industry, and enthusiastic about exploring the underlying logic and cutting-edge tracks of the digital encryption field, allowing every role within the organization to fulfill their responsibilities and receive rewards.

Website: http://www.vedao.com/

Twitter: https://twitter.com/vedao_official

Facebook: bit.ly/3jmSJwN

Telegram: t.me/veDAO_zh

Discord: https://discord.gg/NEmEyrWfjV

🔴Investment carries risks, and the project is for reference only. Please bear the risks on your own🔴