OSEAN DAO is a groundbreaking community fund project operating on the BSC chain, designed to democratize access to the lucrative yachting industry. By offering a low entry point into this market, it aims to generate consistent revenue for its investors. At the heart of the project is the $OSEAN token, which not only facilitates the purchase of exclusive NFTs, but also acts as the backbone of the project's economy.
The project is set to launch its NFT marketplace by the end of 2023, with the number of NFTs minted directly linked to the acquisition of target yachts. $OSEAN token holders can buy these NFTs, which bestow voting rights in the DAO, dividend access, and exclusive membership benefits in the NFT Club.
The DAO itself will act as the central hub for major decisions related to yacht acquisitions. It operates as a registered LLC company, enabling it to interact legally with banks and other entities. The profits generated from renting or selling the yachts will directly benefit DAO members.
The $OSEAN token economics is straightforward: a 1 billion total supply, with fees only on swaps. These fees are allocated towards project development, marketing, and buy-back burns. In a move for transparency, all fees are converted to BNB on demand and distributed to wallets. The burn wallet's BNB balance is used for buy-backs and burns, having a direct impact on the token's price.
The project's roadmap is already in motion with its token launch on PancakeSwap in May 2023. The development of the marketplace and the DAO are scheduled for July and August 2023, respectively. By the end of 2024, OSEAN DAO anticipates purchasing its first yacht, marking a significant milestone in its journey.