EnterDAO entr

EnterDAO is a crypto organisation providing vital infrastructure for the metaverse. It aims to build products to enable new markets within the web3 economy—through its two core products Landworks (land renting service) and MetaPortal (single-click access to web3 games) and held an initial NFT drop ‘MetaPass’. 

EnterDAO launched DAO first—meaning it handed over control to the community from almost the get-go through a yield farming campaign and investment round. EnterDAO was founded by Zhivko Todorov, Daniel Ivanov, and George Spasov (the Team). The core team features builders who have created dApps and core infrastructure across the crypto landscape (LimeChain, Proof Systems, Universe and BarnBridge).

To seed the DAO and fund product development, they raised $1.8M from web3 builders and investors such as Delphi INFINFT, Santiago Santos and Kain Warwick, among others.

Through a lineup of core products EnterDAO aims to empower users, metaverse landowners, investors, brands and degens of all kinds by tackling pain points like access to metaverse land, its capital efficiency, as well as UX and onboarding of metaverse games.

EnterDAO’s native token is ENTR, an ERC-20 governance token with a maximum supply of 100M and currently an estimated circulating supply of 30M.

ENTR currently has limited utility, with 2 core functions:

• Governance: Can vote on EnterDAO’s core products, treasury and things like the grant program. Holders need to stake their holdings in return for the right to govern the network—receiving vENTR. 
• Rewards: There’s a current liquidity mining program, with 21M ENTR available (so far ~10M have been claimed). ENTR will also be rewarded for MetaPortal users and LandWorks renters.

ENTR was distributed in September with the founding team, contributors, and advisors tokens locked in a smart contract that releases 1% of the tokens weekly over a 100-week period.

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