Catcher DAO is an ERC-20 blockchain-based community built to rehabilitate past mistakes into good vibes. The motto and concept of Catcher DAO is “Reinventing Illiquid Assets”, we take dead tokens and give them value. $CDAO holders will be able to vote on which dead/illiquid tokens we will be rehabilitating next and the ratio at which they will be able to be exchanged for CDAO tokens. These CDAO tokens will then be vested for a predetermined amount of time to ease the pressure of large redemptions in the ecosystem.

Catcher DAO keeps it simple with three main steps:

Vote — Nominated and Vote for past failed projects that you think are deserving of a second chance.

Catch — Tokens that pass quorum will be available for exchange at fair rates.

Claim — Claim your new CDAO tokens, allowing you to have more voting power to determine the next rehabilitation project.

Why are we doing this?

Diamond hands is a common term in the world of cryptocurrency. Each person who has dead tokens in their wallet has been a diamond hands holder at one point or another, otherwise they would not be left with illiquid tokens in their wallets. We believe these kinds of holders are the ones that can believe in a project and support it through the good and the bad. We hope that the community of Catcher DAO will be able to give value to these dead tokens in creating a community unlike any other in the cryptocurrency space.

Tokenomics

Catcher DAO will be running an 8% tax on buys and sells to fund the DAO. 3% will be going directly towards the CDAO/ETH liquidity pool to allow deeper liquidity and less impact on trading. 3% will be going into the CDAO Treasury Fund to be managed by the DAO (The DAO should be functional within the first two weeks of launch of the CDAO token). The final 2% will be going towards marketing and development of Catcher DAO. With a tax of 8% it is recommended to use 9% slippage when exchanging tokens. $CDAO tokens will have no transfer tax to allow for easier vesting times and less impact on claimable tokens.

There will be a starting token amount of 1,000,000,000,000,000 where 50% will be reserved for rehabilitation rewards. The final 50% will be broken down as follows: 20% will be placed into the Treasury Reserves, 20% will be added as the Initial Liquidity, and 10% will be distributed during the presale at a rate of 2 ETH per %, with a max of 0.5% per wallet. There will be no future minting of CDAO tokens and burns will be at the discretion of the DAO. To combat the impact of bots and their attempts to drain holder liquidity, there will be anti-bot limitations in place for the launch of the CDAO tokens. These limitations will only be active during the initial launch period and will be lifted shortly after.