DAO Scam Checklist
Added 2021-12-18 21:04:41 +0000 UTCBeen doing a lot of digging into DAOs (a few videos coming soon).
I made this checklist you can use to help determine if a DAO is legitimate. Invest safely out there! https://docs.google.com/document/d/1nIs_FcaBLlH6JoKsUcOfkR3TpEw-9XSdGrzDx1kCIks/copy
DAOs are exciting however it's a little too easy to fork the most popular DAOs and start your own... which means there's a lot of garbage out there.
Comments
I’ve been into Time about a little over a month. Bought right before the Black Friday dip so the price is less than half. On the positive side my TIME has doubled since investing so even if it doesn’t get back to $8k I’ll still profit. I also invested in Jade. Only bought 2 Jade but then it dipped, just a few days ago I bought 4 more Jade thinking it would rebound after the new year. Checked yesterday and the APY was at 0%! Pulled out what I had left and threw it into my CAKE pool. Only keeping TIME unless something legit comes up!
2021-12-30 17:18:40 +0000 UTCIncognito worked, thanks Max!
2021-12-28 20:09:38 +0000 UTCtry a private/incognito browser or clearing your cache.
2021-12-27 16:57:58 +0000 UTCInteresting idea. I can add that to my list.
2021-12-27 16:57:31 +0000 UTCHi there! For some reason Google tells me this document can't be opened. I tried opening it through different Google accounts but nothing, am I the only one having an issue?
2021-12-26 18:59:11 +0000 UTCThis is very helpful. My roommate’s brother got us to participate in a new DAO. I’m still on the fence on whether or not it is legit, but right now the price was low enough to pay to find out and those funds are separate from my main account. While doing some additional research I came across something about unlimited access token approvals and how to revoke access. Subsequently came to find out that the DAO in was participating in had it, so I was able to revoke access. The issue with token approvals is still something that I don’t think I have a super clear understanding of. If that’s something you’re more familiar with, if you do create a video down the road, would you be able to touch on that? Thanks much & I love your content.
2021-12-26 13:45:10 +0000 UTCThis is great info. I love me some checklists! Thanks for your hard work.
2021-12-21 20:50:19 +0000 UTCI have a business idea that I want to launch as a DAO. Would be really cool to hear your take on this process, what to do & what not to do, etc. :)
2021-12-21 20:31:52 +0000 UTCWonderland “Time” the largest one 🤌🐸
2021-12-21 00:23:13 +0000 UTCI may have just FOMO'd into immortal monks DAO as the smart contract NFT's i just bought were only mintable for a set time , i got 2 and there price has seemed to double if i sell them or increase the APY if i use them when the DAO starts in a month or two ......whoops
lee
2021-12-20 23:37:10 +0000 UTC