Well that’s easy, it powers CULT DAO’s decentralized funding mechanism. It is the lifeblood and fuel of CULT DAO. CULT IS a utility, it is a public good that can be used by anybody to fund, build & scale anything that contributes to decentralization in a transparent, fair way.

How simple was that?

It is so simple that people almost do not believe it. Every transaction of CULT sends 0.4% of the value of that transaction in CULT, to CULT DAO’s treasury. The treasury extracts CULT this way from the circulating supply, pushing it into a smart contract, that can only release it back into circulation at a maximum and pre determined level.

The top 50 stakers are The Guardians, around 15 of which were pre-appointed, these were all trusted Ethereum and decentralization advocates such as David Hoffman, Justin Wu, Guto Martino, Dominic Ryder & Jeremy Guzmán to name a handful.

Guardians only have the power to put forward proposals. Their token allocation cannot be used to vote unless they eventually fall outside of the top 50 stakers.

On the other side is The Many. These are all stakers outside of the top 50. The Many are who decide which proposals should or should not pass.