Hello Web3,
For 6 years, DappRadar has been providing dapp insights and rankings for everybody to enjoy. The journey started in a bedroom in Lithuania, moved to an office, and will now decentralize towards a community of developers, builders, enthusiasts, gamers, degens, and of course contributors. With this first post on Mirror, we will also launch the proposal that will activate DappRadar DAO as a legal entity.
But why are we doing this?
Where traditional app stores are gated by tech behemoths, anybody can launch applications on the blockchain. These developers work on their own in their basement, or work in a team of hundreds of people. Thanks to democratization, anybody can launch a decentralized application, or a dapp, on any of the numerous open blockchain ecosystems out there.
However, launching a dapp is one thing, but people also need to be able to discover the project. That’s where DappRadar comes into play. We allow users to discover dapps through on-chain metrics, like trading volume, total value locked (TVL) of unique active wallets (UAW). But, as I just mentioned, anybody can launch dapps on the blockchain, and there are dozens of chains out there.
We want to list them all. But DappRadar does not want to be the jury, judge and executioner. Listing, approving and curating dapp listings requires the input from development teams and enthusiastic communities. That’s why DappRadar is becoming a DAO, allowing everybody to participate and be rewarded for their contributions. In our vision DappRadar becomes the World’s Dapp Store, built by millions and used by billions.
When we launched DappRadar back in 2018, it became a corporate entity based in Lithuania. Now we are transitioning into a decentralized autonomous organization, or DAO. This is not as easy as flipping a switch, because everything needs to have a legal basis to be compliant with local and international laws.
That’s why we embrace progressive decentralization. This means that we steadily start moving operations and contractors, revenue and costs towards the DAO. However, we will do this gradually to ensure operational resilience and to minimize the disruption to our technical operations and product development. We’re looking forward to building in public and unlocking more growth through our community-driven approach.
The RADAR token launched in December 2021, and with that the DappRadar DAO was formed. The DAO has airdropped RADAR to the dapp community, and provided liquidity and staking rewards through past and ongoing campaigns across Ethereum, BNB Chain and Polygon. Since the TGE, RADAR’s role within the DappRadar platform has grown considerably.
The PRO membership has now become a valuable proposition where the community gets access to discovery features and more data points. In addition, they get a 50% discount on trading fees through the cross-chain exchange and bridge integrated on the DappRadar platform, while also enjoying an APY on their staked RADAR tokens.
While the DAO offers valuable services, its social element is growing in prominence through various community initiatives. Particularly the Ambassador Program stands out, where key DappRadar users contribute to the ecosystem by listing dapps, creating content, and representing the community in online events. Read our DappRadar DAO report to get a complete overview of the development, activity, the roadmap and challenges for DappRadar DAO.
Where cryptocurrencies decentralize wealth, and Web3 decentralizes technological power, DappRadar will decentralize the central hub for the discovery of blockchain applications. DappRadar will never be owned by a centralized tech behemoth, but governed by a community of developers, users, investors, contributors, builders, dreamers and degens. We’re ready to start writing the next chapter, as DappRadar DAO comes to fruition and we invites you to participate in shaping the World’s Dapp Store.