DappRadar DAO Revenue Drives RADAR Buyback

DappRadar
DAO
–
the
community
governance
arm
of
DappRadar,
the
world’s
leading
Web3
analytics
platform
–
has
completed
the
first
buyback
of
its
native
$RADAR
token.
Recent
revenue
generation
from
token
swaps,
referrals,
and
quests
has
allowed
DappRadar’s
decentralized
autonomous
organization
to
accumulate
$38,000
to
complete
the
buyback.

Token
buybacks
reduce
circulating
supply,
and
DappRadar
DAO
will
lock
the
purchased
tokens
for
6
months.
After
the
6-month
lockup
period,
RADAR
tokens
will
be
reintegrated
into
the
DappRadar
community
through
quest
rewards,
contribute-to-earn
distributions,
an
ambassador
program,
and
other
community-oriented
initiatives.
This
strengthens
the
token
economy
and
benefits
the
entire
DappRadar
community.

The
DappRadar
DAO
comprises
enthusiastic
DappRadar
users,
PRO
members,
and
industry
leading
organizations,
all
having
a
say
in
the
way
the
World’s
Dapp
Store
gets
shaped.
Through
the
DAO,
the
community
regularly
proposes
and
votes
on
changes
to
the
platform’s
features
and
developments.
The
DAO’s
core
team
managed
this
first
buyback,
but
in
the
future,
the
buyback
process
will
become
entirely
DAO-governed
for
further
decentralization.
Future
buybacks
will
also
take
place
without
prior
announcement,
to
avoid
market
speculation. 

Those
who
hold
RADAR
tokens
can
influence
the
development
of
DappRadar,
while
contributors,
curators,
and
creators
can
earn
through
their
contributions.
In
addition,
every
RADAR
token
holder
benefits
from
the
success
of
the
DappRadar
platform,
as
revenue
now
flows
back
into
buybacks.
The
DAO,
the
community,
and
the
company
are
all
aligned
and
incentivized,
encouraging
sustainable
growth
and
success,
while
understanding
that
using
DappRadar’s
tools
and
services
benefits
the
entire
community.

–ENDS
HERE–

About
DappRadar

DappRadar
is
the
biggest
Web3
dapp
distribution
platform
–
“The
World’s
Dapp
Store”.
One
million
users
per
month
use
DappRadar
to
discover
new
dapps,
gain
insights
into
DeFi
and
NFT
collections,
or
to
learn
more
about
GameFi
and
play-to-earn
gaming.
Established
in
2018,
DappRadar
has
now
become
a
prominent
discovery
platform
in
the
Web3
industry,
providing
insights
to
investors,
journalists,
researchers,
media
and,
of
course,
consumers. 

About
DappRadar
DAO

DappRadar
DAO
is
a
Decentralized
Autonomous
Organization
(DAO)
built
around
the
DappRadar
platform.
It
aims
to
decentralize
governance
and
decision-making
power
related
to
the
platform.
DAO
members,
who
hold
the
RADAR
token,
can
propose
and
vote
on
changes
to
the
platform’s
features
and
development
roadmap,
manage
the
DAO’s
treasury
and
allocate
funds
for
various
initiatives,
and
shape
the
future
direction
of
DappRadar
in
a
community-driven
way.
The
DAO
operates
on
blockchain
technology,
ensuring
transparency
and
immutability
of
decisions.