Dragon X

What is the Dragon X?

Dragon X is one of the most important components of Dragon DAO. The concept of design is to create the Treasury of Dragon DAO. The mission is to secure capital operation for the long term and minimize risk at the market level or other unpredictable risks at the same time to support the growth and development of Dragon City.

In a nutshell, Dragon X is to explore the huge potentials of the Metaverse for Dragon City. Our goal is to build a community-governed fund to foster a community in the Metaverse.

Purpose of Dragon X

• A fund to support Dragon development;

• Support the growth of the Dragon Ecosystem;

• Grants to foster the Metaverse startups;

• Future contributor incentives;

• Protocol mergers & talent acquisitions;

• Co-operation across the ecosystem in the Metaverse;

• Stabilize CHI.

Where does the fund come from?

• 16% of the total genesis supply of CHI tokens;

• Reinvestment to potential projects in the Metaverse;

• Income from the community projects eg. NFT platform, MeFi...

• and more...

When to start?

One year later after the launch of the $CHI token and Dragon DAO, to be decided by the community.

Who controls Dragon X‘s fund?

Dragon X, like Dragon DAO itself, will finally hand out to the community in the development of the second stage. Every holder of $CHI can vote on what the upcoming DAO does. Before the DAO governance system starts, the team will hold this multi-sig wallet.