What is Akita DAO
The ERC-20 governance token HACHI is the governance token utilized by the holders of the digital currency AKITA, also known as Akita Inu.
HACHI allows holders to represent their voice in the Akita DAO, a distributed-leadership community focused on building a long-term ecosystem for its members. The Akita DAO will use its current funding stream from Gitcoin (through Q1 2027) and any future revenue streams to support the development and growth of the ecosystem. By connecting to Snapshot, HACHI holders can vote on proposals that will steer this ecosystem development process.
HACHI will also be utilized in the future to buy AKITA.
With Gitcoin’s funding stream operational through March 2027, the Akita DAO has a tremendous potential to create a lasting impact on the blockchain financial sector. If you would like to contribute or learn more about the Akita DAO, please join our Discourse (coming soon!) and Snapshot communities. The AKITA token Telegram channel is also available for community discussion and networking.
On February 1, 2021, the AKITA token was launched on the Ethereum network. One of the original "meme coins" to follow DOGE and then SHIB, Akita Inu was launched with a maximum supply of 100 Trillion (100,000,000,000,000) AKITA tokens. AKITA is so OG that there are no taxes or fees incurred during transfers, sells, or buys. As a "social experiment" or marketing gimmick, they also sent 50% of the supply to Vitalik Buterin's wallet, attempting to call these tokens "effectively burned."
Akita DAO vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, HACHI would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of HACHI might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including HACHI.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.