H2O DAO (H2O) coin issuance time

The public token sale of H2O DAO, a blockchain-based initiative tackling global water issues, successfully launched in November 2021, selling out within minutes and raising a substantial amount of funds for ecosystem growth.

Dec 19, 2024 at 06:09 am

Key Points:

• Background and Overview of H2O DAO
• Pre-Seed and Seed Funding Rounds
• Strategic and Private Token Sale
• Public Token Sale
• Post-ICO Distribution and Unlock Schedule
• Tokenomics of H2O DAO
• H2O DAO Roadmap and Development Updates

Article:

Background and Overview of H2O DAO

H2O DAO is a decentralized autonomous organization (DAO) dedicated to developing and managing a global water network. Its mission is to address global water scarcity and contamination issues by facilitating collaboration, funding, and innovation in the water sector. The H2O DAO platform utilizes blockchain technology to bring together stakeholders, including researchers, water management companies, and non-profit organizations, to create a more efficient and sustainable water management system.

Pre-Seed and Seed Funding Rounds

H2O DAO raised initial funding through pre-seed and seed rounds in early 2021. These rounds were led by prominent venture capital firms such as IOSG Ventures and HashKey, demonstrating the strong support for the project's potential impact. The funds raised were primarily used to establish the H2O DAO infrastructure, develop the technical framework, and recruit a team of experts.

Strategic and Private Token Sale

In the third quarter of 2021, H2O DAO held a strategic and private token sale to raise additional capital and attract early investors. The allocation process involved reputable market makers, such as Alameda Research and Three Arrows Capital, as well as industry insiders and water sector experts. The funds raised during this phase were designated for product development, team expansion, and community building initiatives.

Public Token Sale

The H2O DAO public token sale took place in November 2021, offering a limited number of H2O tokens to the general public. The token sale attracted immense interest, selling out within minutes and raising a significant amount of funds. The proceeds from the public sale were used to finance ongoing research, platform development, and partnerships with key stakeholders in the water industry.

Post-ICO Distribution and Unlock Schedule

The distribution of H2O tokens post-ICO followed a structured schedule. Investors received a portion of their tokens upfront, while the remaining tokens were vested over a predetermined period, typically ranging from 6 to 12 months. This approach ensured a gradual release of tokens into the market, balancing liquidity needs with long-term ecosystem growth.

Tokenomics of H2O DAO

The H2O DAO tokenomics model aims to incentivize community participation, foster long-term investment, and enable the project's decentralized governance. The H2O token is a utility token that serves multiple purposes within the platform:

• Access to exclusive water network data and insights
• Voting rights in governance decisions
• Participation in incentive programs for contributing to the ecosystem
• Liquidity provisioning and trading on decentralized exchanges

H2O DAO Roadmap and Development Updates

H2O DAO has established a clear roadmap outlining its development milestones and technological advancements. Key milestones include:

• Launching a decentralized water data marketplace to connect water producers and consumers
• Developing a mobile application for real-time water monitoring and management
• Establishing partnerships with leading water research institutions to promote innovation
• Implementing on-chain governance mechanisms for community involvement and decision-making

The project has consistently provided transparent and regular updates on its progress, showcasing the team's commitment to building a sustainable and impactful water network.

FAQs:

• When did H2O DAO issue its tokens?

  • The H2O DAO token sale took place in November 2021.

• How many tokens were issued by H2O DAO?

  • The total supply of H2O tokens is 1 billion.

• What are the use cases of H2O tokens?

  • H2O tokens are used for data access, voting, community incentives, and liquidity provisioning on exchanges.

• When was the H2O DAO pre-seed funding round held?

  • The pre-seed round took place in early 2021.

• Who were the lead investors in the H2O DAO seed round?

  • IOSG Ventures and HashKey led the seed round.

• How can I participate in the H2O DAO community?

  • Visit the official website or join the community on Discord and Telegram.

• Where can I trade H2O tokens?

  • H2O tokens are currently available on decentralized exchanges such as Uniswap and PancakeSwap.