What Is friesDAO(FRIES)?
friesDAO(FRIES) Franchises & Restaurants Integrated Efficiently & Systematically) is a decentralized autonomous organization (DAO) on Ethereum seeking to buy fast food stores. For the first time in history, will attempt to bridge blockchain-based governance with real world operations of well known franchise brands. From these operations seek to scale in a decentralized manner.
friesDAO(FRIES)Scaling into cities around the world, and shaping the utility of endeavor through community discussions and tokenized governance. They also intend to explore IoT and machinefi capabilities of store operations that can be accessed by the governance token. As a social experiment, it is duty to share findings and experiences with the world in the emerging space of real world DAOs.
friesDAO(FRIES)Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | friesDAO |
| Short Name | FRIES |
| Circulating Supply | 243,961,218.00 FRIES |
| Total Supply | 840,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
What is friesDAO?
Buy franchises
we’re a decentralized community that’s pooled $5.4M to buy and/or finance a global network of fast food stores
Make Connections
from crypto enthusiasts to restaurant veterans, we’re developing both friendships and business relationships
Enjoy Perks
receive NFT-enabled perks at stores in addition to rights to decide on which brands to franchise under
Create Value
discover the power of network effects in real world decision-making to lay the foundations of the next DeFi evolution
for Franchisees
We can provide you with a rapid injection of capital as a faster, informal alternative to commercial lenders. Simply undergo a brief online interview and submit a simple budget plan that will be reviewed by the community for approval. No credit checks are necessary. There are two paths you can take for friesDAO to help you acquire a store:
Conditional Ownership
If there is an existing store in your area for sale, can help you acquire it and provide advice from seasoned franchise operators. In exchange, will have decision making rights to a portion of the business’s profits for a period of time. After recuperate the initial amount, you will be “gifted” full ownership of the store.
0% fee Cash Advance
Apply for up to a $1M merchant cash advance in exchange for some free food promos to community. To qualify for this offer, you will need to become a friesDAO store community member by purchasing vested FRIES tokens over the duration of the repayment period.
FRIES Token
When you donate USDC to the DAO’s treasury, you will receive $FRIES in return proportionally. $FRIES tokens are symbolic recognition of your contribution and can be used to vote on proposals for friesDAO for you to govern the DAO to use its treasury in accordance with your donation. Any $FRIES in the treasury cannot be used to vote and can only be unlocked and used through governance proposals.
Details
Total Supply: 840,000,000 $FRIESInitial Circulating Supply: 233,961,062 $FRIES (Raise)Each token is a symbolic recognition of your 0.023088 USDC donation contribution. As this is not an investment solicitation, no VCs or funds were offered any tokens at a discount or as part of an investment “round”. Each token represents the same rate of contribution for all parties.
FRIES Distribution
There is a total of 840,000,000 tokens (420M allotted in the raise). Potentially inflationary per governance proposal. The FRIES token contract address is 0xFA57F00D948bb6a28072f5416fCbF7836C3d62dD on Ethereum.
Important Legal Info
By contributing to the friesDAO treasury, you acknowledge and agree to the following:
- 1.Contributions are donations and you have no expectation of profit or any material exchange. Donating to friesDAO is NOT an investment.
- 2.Any FRIES tokens provided to you are symbolic recognition of your contribution, not as an exchange for your donation, and have no intrinsic or monetary value.
- 3.Any FRIES tokens provided to you may provide you with membership participatory rights or governance rights in a non-binding manner for various friesDAO community endeavors but is subject to peer decision-making, proposals, and voting from which the resulting outcome might not successfully be realized.
- 4.Any FRIES tokens provided to you do not grant you any ownership rights, equity, dividend, or share in any restaurants that are acquired by the DAO or parties contracted by the DAO.
- 5.Any FRIES tokens provided to you may be illiquid or highly volatile if you choose to trade the token on any DEX or secondary market. Any losses incurred shall be of no responsibility of friesDAO or its members, organizers, agents, advisors, employees, contractors, and/or affiliates.
- 6.This endeavor is a research-driven social experiment intended to explore and understand the capacity of a decentralized community in engaging with real world businesses.