YakDAO, a pioneering web3 Decentralized Autonomous Organization (DAO) focused on democratizing access to high-yield recreational property investments, has announced the upcoming $YAKS token offering starting March 7th at 5:00 PM UTC on the TrustSwap Launchpad.
Introducing YakDAO
YakDAO is on a mission to transform recreational real estate, an asset class traditionally dominated by big financial institutions, the ultra-rich, and private equity funds, making it more accessible to individual investors.
YakDAO’s approach is innovative in several ways. By utilizing a deflationary token model that mimics strategies employed in private equity funds, they are overcoming the barriers that typically prevent individual investors from accessing this lucrative market.
The yields from YakDAO’s properties are used to create consistent buy pressure on the $YAKS token, offering rewards for those who choose to stake it. This strategy leverages decentralized finance (DeFi) mechanisms to create a form of monetary democracy, allowing retail investment in an asset class that has been largely controlled by the world’s wealthiest investors.
Business Model
Since 2020, billions of dollars of capital have flowed into the acquisition of recreational properties for the benefit of institutional investors. This is because this asset class is the most high-margin investment opportunity in real estate today. YakDAO’s mission and objective is to be the first decentralized autonomous organization to open this asset class up to retail investors.
YakDAO is being created for the purpose of purchasing recreational properties for use by the community and for commercial purposes. YakDAO intends to develop land in highly desirable areas near outdoor activities and build high-end, year-round glamping domes. Their target market includes real estate investors, DeFi/NFT investors, GME investors, RWA investors, and outdoor enthusiasts.
YakDAO will purchase and own the real estate through a contractual agreement with its corporate operating partner and receive lifetime exclusive rights to the property through a 99-year lease that can be renewed at the DAO’s discretion.
YakDAO will reserve the right to invest the treasury in up to 20% of the domes at each property in order to create sufficient operational cash flow to manage the maintenance of the property without the requirement of additional costs to the members. DAO members will vote on new property purchases and may vote to sell properties as well.
The typical YakDAO community will include 25+ domed structures, a community bathhouse and commercial kitchen, a game room / co-working
space, hot tub, sauna, and, in some cases, a greenhouse.
Achievements
YakDAO has made significant strides in tangible real-world applications of their model. In less than a year since its inception, the organization has achieved remarkable milestones, including a successful NFT sale, the acquisition of a 24-acre property, and the development of bookable glamping units.
These achievements showcase YakDAO’s commitment to integrating digital assets with real-world properties, offering a new standard for investments, and making high-yield recreational properties accessible to a broader range of investors.
YakDAO’s mission aligns with the broader trend in the investment world, where new technologies and innovative business models are reshaping traditional norms, allowing for more democratic access to investment opportunities that were once exclusive.
With its deflationary token launch and physical property acquisition, YakDAO is at the forefront of this shift, offering a unique opportunity for individuals to invest in an otherwise exclusive market.
$YAKS Token Utility
- Community Governance: $YAKS is the DAO governance token that will be used to vote on proposals, including treasury management, property acquisition/liquidation, and future upgrades and improvements to the YakDAO ecosystem.
- Staking Incentives: Existing recreational properties who join the YakDAO may strengthen their community membership by retaining and staking the $YAKS token. Properties that have not been developed and are wholly owned by the DAO will be ranked by their ownership of the $YAKS token. It is in the community’s best interest to support properties that provide the largest return on investment to the community. These returns are used to offer better membership perks and expand the network of properties.
- DeFi Integration: The $YAKS token will allow for peer-to-peer lending and represent the total value of assets locked in the YakDAO platform. Holders of the YAKS NFT memberships will be able to borrow against their YAKS portfolio and raise additional funds from P2P lenders through the $YAKS lending protocol.
- Buybacks: 30% of the revenue from short-term rentals of the DAO-owned properties will be used to buy back $YAKS. 80% of these buyback tokens will be distributed to the community as staking rewards, and the other 20% is burned.
- Staking Rewards: Stake $YAKS to earn rewards in $YAKS as well as exclusive membership NFTs. Stakers can also enter to win free access to the glamping properties. Top stakers and members of the Governance Council will be invited to attend “YAK Fest”, an annual community meet-up event.
- Deflationary: Every $YAKS transaction incurs a 0.5% transaction fee. 50% of this fee will be burned to reduce the total supply of $YAKS over time. 10% will be added to liquidity, and 40% will go to the treasury to fund ongoing property acquisition and development.
Meet The Team
Roadmap
Learn More
Click the links below to learn more about YakDAO and the $YAKS token.
Token Offering Details
This is a Public Round token offering for $YAKS token launching on Arbitrum. TGE and DEX launch are scheduled for Q1 2024.
Tokenomics
Secure Launch Process
To ensure a smooth launch, the YakDAO team has agreed to:
- Have their domain fully SSL certified one week prior to the launch date.
- Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.
- Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
- Distribute tokens to launchpad participants within one hour of exchange listing.
- Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.
- Have at least one community moderator on each social platform (Twitter, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch.
Participation and Allocation
This Launchpad offering is for a Public Round allocation of the $YAKS token. Anyone who wants to join can apply, but application does not guarantee an allocation.
As always, anyone with a $SWAP Staking Score of at least 4,000 can receive a guaranteed allocation provided that individuals (and entities) pass KYC (jurisdictional restrictions apply). Token allocation will be split up among eligible participants proportionately based on their percentage of the total combined Staking Scores. Any unclaimed allocations after the initial funding round will be offered to those who might otherwise be ineligible.
Visit the TrustSwap Dashboard to check your staking score. You can add more SWAP and/or increase the duration of your stakes at any time to increase your Staking Score. To learn more about Staking Scores and the TrustSwap Long-Term Staking Pool (LTSP), read our comprehensive blog post.
Step-By-Step Guide
Prepare for Launch Day by ensuring that your SWAP stakes are topped up before the snapshot. You can also complete your KYC in advance.
- On March 7th, 2024, at 5:00 PM UTC, the application window will open for 24 hours. During this time, go to the TrustSwap Launchpad and click the “Start” button to apply. The snapshot will be taken at 5 PM UTC on March 8th, 2024 (24 hours after the launch event begins).
- Complete all of the steps required for KYC verification. This can be done in advance at any time for free in just a few minutes. To save time on launch day, complete your KYC registration now.
- On March 8th, 2024, at 5:00 PM UTC, the application portal will close, and a snapshot will be taken of all active SWAP stakes. There will then be a waiting period of up to 48 hours as the team finalizes internal processes.
- Successful applicants will receive an email confirming their total allocation (the maximum amount they are allowed to contribute to the token offering) and asking how much they wish to contribute. Individual allocations will be either the full allocation or the pledged amount, whichever is lower.
- You will have 24 hours to send funds. After 24 hours, your position will be given to the next in line, and you will lose it. Payments must be sent in USDC or USDT on either Ethereum (ERC20), BSC (BEP20), or Polygon (MATIC) blockchain.
- Any tokens that are unclaimed after the initial funding round may be offered to those who applied successfully but were not eligible for guaranteed allocations.
How To Prepare
- Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens in the Long-Term Staking Portal before the snapshot on 3/8/2024 at 5:00 PM UTC.
- Take a photo of your government-issued ID card (Passport, Drivers License, or any other form of government-issued ID card that has your photo in it).*
- Take a selfie of yourself holding the ID card along with a note that reads: “YAKS 2024”.*
- Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
- Submit your details and documents at any point during the 24-hour launch window at https://dashboard.trustswap.org/app/launchpads.
Note: Steps 2 and 3 are not necessary if you have an active KYC registration. You can save time by pre-registering at https://dashboard.trustswap.org/app/sekuritance.
Who Can Participate in the $YAKS Token Offering?
Anyone not domiciled in the USA or UN-sanctioned countries can participate in the $YAKS Public Round token offering.
Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. YakDAO is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.
