The native token of the Carib DAO is the CARIB Token. CARIB enables an efficient, transparent, and secure ecosystem.
Each CARIB holder is a member of the Carib DAO.
Similar to traditional crowdfunding platforms: Carib DAO proposals offer incentives to investors. Unlike traditional platforms: Carib DAO members share all the benefits and incentives.
100,000,000 (or 100m) Cap
Scarcity is built in to CARIB via it's relatively low max cap on tokens. With only 100m tokens available, members become part of an exclusive benefits club.
This cap can not be changed and is enforced by the CARIB Token Contract.
Shared DAO Fees
Each CARIB transaction "reflects" back a 1% fee to all holders, shared proportionally to amount of CARIB held. This provides many benefits:
- Incentive to Hodl
- Deters spamming/manipulating Proposal Boards
*Another 1% goes directly to the Carib DAO Liquidity Pool, for a total of 2% reflection.