Zug, Switzerland, December 09, 2022 (GLOBE NEWSWIRE) — KulaDAO is an exciting and growing cryptographic project that is on track for ICO 2023. It proposes to align the interests of different groups of people to create shared value.
Misaligned interests among stakeholders cost the global economy billions of dollars annually in wasted opportunities, broken trust, and damaged relationships. Correcting these misalignments opens the door to creating and sharing value. KulaDAO accomplishes this by using a new organizational technology, a decentralized autonomous organization (DAO) ecosystem. We use DAO to work with each project stakeholder to align their interests and tap the value locked in shared opportunities and assets. KulaDAO will issue tokens to incentivize stakeholder participation in a sub-project called RegionalDAO.
By establishing real financial rewards and governing agencies through these tokens, a new level of trust is established among stakeholders. In turn, this will allow them to unlock the value potential in their shared interests which will be reflected in the token value.
In 2022 KulaDAO has completed the following milestones:
- KulaDAO has delivered a working prototype of the KulaDAO ecosystem in partnership with the Disruption Lab of the Gies College of Business (University of Illinois Urbana-Champaign business school).
- KulaDAO has identified, developed and implemented an application for legal jurisdiction with FINMA in Switzerland.
- KulaDAO has signed six Memorandums of Understanding with three partner organizations in two African countries. This MOU focuses on gold, lithium, emeralds, livestock, and agriculture. KulaDAO is also negotiating with two other real estate projects.
- KulaDAO has started community development through social media, monthly AMA calls, and related community forums on Telegram and Discord (see links below).
In the last quarter of 2022:
- KulaDAO will complete the legal basis for token issuance in 2023.
- KulaDAO will complete the contract with the first partner RegionalDAO organization by creating a local special purpose vehicle ready to enter the KulaDAO ecosystem.
- KulaDAO will verify the integrity of the code base.
- KulaDAO will activate guilds and related working groups to advance the project to ICO 2023.
Micah Yeackley, CEO of The Veteran Broker, and co-founder of KulaDAO is eager to see the project pass these milestones and head towards launch.
“We see mismatched interests creating a win-lose dynamic that we know the DAO ecosystem can positively disrupt to create more value for everyone. We are excited about what’s to come in 2023 when we launch the KulaDAO token and join several global projects with opportunities that significant for influence and change.
KulaDAO to start the project in Q3/2023.
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