How it Works

The dev begins by defining a common goal and creating a coin. Some coins are allocated to the dev, while a large portion is locked in the DAO's treasury. The coin is subsequently listed on a decentralized exchange (DEX) and starts trading freely, building up a market cap. When the project needs funding for initiatives like marketing or development, any user can propose a plan for a vote. If the proposal passes, the dev is responsible for distributing the necessary funds. To guard against rug pulls, there is a hard limit on the amount of funds that can be withdrawn at once.

If a rug pull is attempted, for example by not following through on payments or by dumping coins, it will be detected early and give the market time to react. In such cases, any user can propose a leadership change for a vote.

Having a valuable treasury encourages the dev to act in the project’s best interest. However, if they try to rug pull, they will lose their voting power, allowing the project to continue under new leadership.

Token Utility

Traditional coins often lack real use cases. Coins launched on Swayed let holders do more than just speculate on attention. Form a coin syndicate that unites token holders around a shared objective. Swayed enables users to direct treasury funds and support growth initiatives.

Soon, we will enable income-generating DAOs. With the treasury holding assets like SOL and stable-coins, holders can vote on dividend payouts and contractor allocations.

How are the coins unruggable?

An unruggable coin isn't completely immune to bad actors, but DAO withdrawals are limited to a fixed percentage per proposal. If a developer dumps all their coins, they lose voting power. Additionally, if funds are withdrawn without delivering on commitments, the community will quickly notice, impacting the price and discouraging malicious actions. In such a case, the developer will likely be replaced before significant value can be extracted from the treasury.

What problems do we solve.

We tackle three pressing issues in crypto: limited token utility, the risk of rug pulls, and unreliable project funding.

For Devs

Gaining investor trust while ensuring you have enough capital for project development can be challenging. Investors are often cautious about devs holding a large portion of the token supply, as it increases the perceived risk of rug pulls. Our solution allows you to maintain control of your project while addressing these concerns. By limiting the initial token distribution and keeping the majority of the circulating supply, you retain full control over the project (as long as you don't exit), as all DAO decisions are governed by a majority vote. To cover development costs, you can propose initiatives and vote on them yourself. This approach helps with project transparency and protects your initial token holdings from dilution.

For Holders

Many crypto projects lack coin utility, depend too heavily on the founder, and struggle with transparency, leaving holders with little influence and the coins as short-lived speculative assets. As a DAO coin holder, you get voting power and a direct say in how the DAO operates. You can help decide how treasury funds are spent, whether it’s on marketing, development, or other initiatives. You also play a role in keeping the project accountable. If the dev isn’t acting in the project’s best interest (like not following through on commitments, or exiting their position), you and other holders can vote to appoint a new dev.