The DAO token for the cheesesoda network on the Solana (SOL) blockchain.
The cheesesodaDAO token is the high-level governance token for the entirety of the cheesesoda network DAO, a group of projects running on the Solana (SOL) blockchain. You will be able to read more about the DAO itself on the CSN website.
Initially, SODAO token will be treated as shares of ownership stock in a company (e.g., TESLA, AMZN, etc.), held by early supporters and investors. Through the DAO's evolution and acquisition of capital, the SODAO token will be more widely distributed, eventually eliminating any controlling majority and distinct ownership of the DAO.
The current supply of the SODAO token is 10,000,000.0000 SODAO. The mint authority is enabled.
On September 10, 2021, the initial distribution of 20% of the starting token supply was distributed proportionally to holders of BOTH the SKEM and AUSS tokens per the balance requirements set in June 2021.
Token Mint Details
There is no definitive roadmap. As developers (especially on the Solana blockchain) are hard to come by and development timeframes can be unpredictable, there is no set timeline. Full decentralization of token ownership is hopeful to be completed by Q3 2023.