ATH serves as the governance token for AthenaDAO.
Find out more and learn about our Governance and Tokenomics below.
AthenaDAO is a Community-Owned Translational Research Engine that focuses on supporting and incubating women’s health research projects during the initial stages of translational research.
AthenaDAO is powered by smart contracts on the blockchain. This enhances the efficiency of AthenaDAO and eliminates the reliance on intermediaries and trust.
We are building a comprehensive ecosystem, supporting and facilitating the development of effective biotechnology products and services in the women’s health space.
Decisions made by $ATH Token holders are voted on-chain and available for review by anyone. This level of transparency enables anyone to readily observe the activities happening within AthenaDAO.
Decentralization means not being governed by any singular entity or organization. Instead, it operates under the governance of open-source code. This inherent decentralization fortifies AthenaDAO against potential corruption and censorship threats.
The AthenaDAO ecosystem relies on $ATH, an utility governance token, which gives holders the right to participate in the DAO.
AthenaDAO collaborates with Molecule on IP-NFTs, a bridge between Intellectual Property and Non-Fungible Tokens. AthenaDAO is also looking at other web3 applications, like zero-knowledge proofs and decentralized data storage.
The $ATH token holders govern AthenaDAO and vote on topics that include supporting research projects related to women's health, governance policies, and treasury management.
The $ATH grants governance rights to govern the IP held by the DAO. No single token holder owns the IP. Token holders collectively guide the direction of AthenaDAO's initiatives.
$ATH is a capped ERC20 token.
The sustainability loop principle guides $ATH's design, where the value of AthenaDAO's intellectual property grows as research projects produce positive results. Successful commercialization of these projects fuels the growth of AthenaDAO's ecosystem, attracting higher-quality IP, increasing supporting opportunities, and fostering further growth.
70% will be kept unminted and held within AthenaDAO's treasury. This strategy is aimed at ensuring the organization's long-term sustainability.
10% for community token holders. This represents the tokens that will be made available at various funding events, with 2% going to our Genesis Auction.
12% for Core, Early Contributors, and allocations for the first 24 months of the DAO. This will ensure that contributors are incentivized to keep growing the AthenaDAO ecosystem.
8% for expert service providers such as bio.xyz/Molecule (6.9%), providers of the IP-NFT framework, and other future providers.
Get a crypto wallet
To hold ATH and vote on proposals, you will need a crypto wallet that is compatible with the Ethereum blockchain. We recommend using MetaMask.
Tip: Add the Metamask extension to your web browser so you can interact with web-based dapps.
Get ETH on Ramp
ATH can only be purchased with another cryptocurrency. Tools like Ramp let you use your credit card to buy ETH, which you can later use to get ATH and pay for network fees.
Tip: You must connect your wallet before transacting on Ramp. Only connect your wallet to sites you trust.
Get ATH on Uniswap
Time to visit Uniswap to get ATH using your ETH. Once you have ATH, you can vote on proposals on Snapshot. And make sure to join us on Discord. You can also check ATH on Coingecko.
Tip: When you transact on the Ethereum chain, you will pay a network fee (‘gas’). Keep a little ETH aside for gas.
Blockchain technology is a decentralized and distributed digital ledger system. It records transactions across multiple computers in a way that ensures data integrity, transparency, and security. Each record in the blockchain is called a 'block,' and multiple blocks are linked together in a 'chain.
Blockchain technology provides AthenaDAO with a transparent, tamper-proof, and decentralized platform. It ensures that all governance decisions, token transactions, and project fund allocations are securely recorded and can be audited by any member of the community.
Incentives in blockchain systems, like AthenaDAO, are mechanisms that encourage participants to act in ways that benefit the overall network. For AthenaDAO, incentives may involve rewarding participants with $ATH tokens for making valuable contributions or decisions that advance women's health research and the overall mission of the DAO.
Incentives align the interests of individual participants with the collective goals of the DAO. They motivate and reward active participation, ensuring that the DAO remains dynamic, innovative, and achieves its objectives efficiently.
As a governance token, $ATH holders have the right to propose and vote on changes, including the incentive structure. This ensures that the DAO can adapt its incentives to best meet its evolving needs and challenges.
Blockchain's transparent and immutable nature means that all incentive-related actions (like token distributions or rewards) are recorded on the ledger. This ensures that any member can audit and verify the authenticity of transactions, enhancing the system's credibility and trust.
We regularly host online and offline talks, conferences, and educational events. Join our community channels and attend our sessions to deepen your understanding of blockchain and its impact on our DAO.
A capped ERC20 token means there's a fixed supply of tokens that will ever be created, ensuring no inflation beyond the predefined limit.
30% was strategically allocated to ensure initial distribution among community members, contributors, and service providers. The remaining 70% is reserved for long-term sustainability and strategic allocations.
The unminted tokens in the treasury serve as a reserve for potential future allocations. AthenaDAO members can decide to issue these tokens to the public, strategic entities, or funders.
IP-NFTs form a bridge between Intellectual Property (IP) and cryptocurrency, specifically Non-Fungible Tokens (NFTs), empowering scientists to embrace a new source of funding for their research and new means for transacting on their discoveries. By merging legal contracts, such as sponsored research agreements and patent licenses, with Ethereum smart contracts, IP-NFTs introduce a quantum leap in the evolution of scientific agreements.
The impact of IP-NFTs is far-reaching, revolutionizing liquidity in IP markets and instilling a sense of excitement and possibility within the scientific community. These pioneering advancements exemplify how real-world legal rights can be seamlessly digitized, shared, and harnessed for the betterment of scientific progress.
A liquidity pool refers to a reserve of funds that is locked into a smart contract on a decentralized finance (DeFi) platform. These pools facilitate the trading of assets in a decentralized manner by providing liquidity, which is essential for the functioning of decentralized exchanges (DEXs).
In a liquidity pool, users contribute funds in pairs of tokens, typically a base currency and another asset. For example, on a decentralized exchange built on the Ethereum blockchain, a liquidity pool might involve pairing Ether (ETH) with another ERC-20 token, like ATH. The funds provided by users in these pairs are used to fulfill trades on the platform.
When a user wants to trade one asset for another, they interact with the liquidity pool instead of placing an order on a traditional order book. The smart contract automatically executes the trade based on the current ratio of assets in the pool. The users providing liquidity to the pool earn fees from these trades proportional to their share of the pool.
You can check the discussion on Discourse and the decision on Snapshot.
