Introduction

On top of Launchpad, AptosLaunch is doing much more to power the MOVE Ecosystem - introducing the MOVE Ecosystem Fund (3,3) - MOVE DAO.

What is MOVE DAO?

MOVE DAO is a decentralized reserve currency protocol on the Aptos Network based on the MOVE token. MOVE DAO develops infrastructure incentives that fulfill its objectives with the MOVE token as the currency of the MOVE Ecosystem across all MOVE projects. As a matter of course, MOVE DAO will back and help build the future of the MOVE Universe. Each MOVE token is backed by a basket of assets (e.g, USDT, MOVE-APT LP Tokens, Move Infrastructure Projects, Play-to-earn projects, Real World Assets/RWA etc etc) in the MOVE DAO treasury, giving it an intrinsic value that it cannot fall below. MOVE DAO also introduces economic and game-theoretic dynamics into the market through staking and minting.

What is the point of MOVE DAO?

Our goal is to build a policy-controlled currency system, native on the Aptos network. The MOVE ecosystem and monetary policy are managed by the MOVE DAO. This way we guarantee transparent decision making and long -term stability.

In the long run, we believe this system can be used to optimize for stability and consistency so that MOVE can function as a global unit-of-account and medium-of-exchange currency – both in real-life and in the Metaverse across all MOVE projects. In the short term, we intend to optimize the system for growth and wealth creation.

The point is to create a new monetary system backed by metaverse & gaming infrastructure - powered by MOVE, and to build an economy around it.

How do I participate in MOVE DAO?

There are two main strategies for market participants: Staking and Minting. Stakers stake their MOVE tokens in return for more MOVE tokens, while Minters provide LP tokens or MIM tokens in exchange for discounted MOVE tokens after a fixed vesting period.

As MOVE DAO grows, its objectives is to have a variety of LP tokens from Real World Assets, Metaverse and Gaming Projects from the MOVE Ecosystem available for minting.

How can I benefit from MOVE DAO?

Stakers benefit from supply growth. The protocol mints new MOVE tokens from the treasury, the majority of which are distributed to the stakers. Therefore, the gain for stakers will come from their auto-compounding balances, though price exposure is also an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.

Minters benefit from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in MOVE tokens and thus the Minter's profit would depend on MOVE price when the minted MOVE matures – i.e. when the fixed vesting finish. So, Minters benefit from a rising or static price for the MOVE token!

Who created MOVE DAO?

We are a group of serial entrepreneurs, DeFi farmers, blockchain developers, and growth hackers. MOVE DAO is working actively at becoming a Decentralized Autonomous Organization — creating a new monetary system backed by metaverse & gaming infrastructure for the MOVE Ecosystem, and to build an economy around it.

Who runs MOVE DAO?

At the moment, most of the decisions are taken by the AptosLaunch core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!