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What is CULT

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1. What is cult?

CULT cryptocurrency (CULT DAO) is primarily characterised by its emphasis on decentralisation. Here is some information about CULT DAO:

  • Decentralisation: The main feature of CULT DAO is its decentralised design. It aims to deepen the implementation of decentralisation in line with the expectations of the cryptocurrency community regarding decentralisation.
  • Community-driven: CULT DAO is driven by community FOMO (fear of missing out), and community participation is an essential component of its development.
  • Purpose: The purpose of CULT DAO is to promote the principle of decentralisation, achieving a deeper level of decentralisation.

Overall, CULT DAO is a cryptocurrency project that highlights decentralisation and community involvement.

2. Who founded cult?

According to the information provided, the CULT token was founded by Charlotte Fang, who is the creator of the NFT series Milady.

3. Which venture capitalists invested in cult?

According to the search results provided, specific information about which venture capitalists invested in the CULT cryptocurrency is not clear. However, the following information may be relevant to your query:

  • CultDAO: This is a decentralised venture capital DAO aimed at providing funding support for early-stage decentralised projects.
  • Meme coin CULT issued by the Milady creator: The presale of this project has been completed, raising a total of 5861.8 ETH, approximately 20.45 million USD.

However, this information does not explicitly state which venture capital firms invested in CULT. Therefore, it is not possible to provide a specific list of venture capital firms based on the search results provided.

4. How does cult operate?

Cult DAO (CULT) is a decentralised cryptocurrency whose operational principles are based on blockchain technology and smart contracts. Here are its main features and operating methods:

  1. Decentralised governance: Cult DAO adopts a decentralised governance model, determining the project’s development direction through proposals and voting. This process is transparent and is not controlled by any single entity.

  2. Smart contracts: Cult DAO uses immutable smart contracts to execute its governance and fund allocation. Once deployed, these contracts cannot be modified, ensuring the project's transparency and security.

  3. No private key access: The design of Cult DAO ensures that no private keys can access its funds, further enhancing the project's security and decentralised characteristics.

  4. Funding system: Cult DAO has a funding system to support innovative solutions. This system is managed by 50 guardians who hold the most CULT tokens.

  5. Trading and holding: CULT tokens can be purchased and held through cryptocurrency exchanges, such as Bitget and ChangeNOW.

In summary, Cult DAO achieves a high level of transparency and security through its decentralised governance model, smart contracts, and no private key access, embodying the decentralised spirit of cryptocurrency.

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