Can Cult DAO and Revolt 2 Earn (RVLT) profit from the collapse of the Global Economic Order?

Strangely, Cult DAO (CULT) and Revolt 2 Earn (RVLT) are cryptocurrencies designed to hasten the collapse of the global economic order.

In fact, Cult Dao’s documents state CULT’s mission “is to fast forward the collapse of the global economic order and to fund the revolutionaries seeking the same goal.” The Cult DAO (decentralized autonomous organization) run by 50 top stakers they call Guardians.

The Guardians invest the Cult DAO’s money in the fight against centralization, the cause of decentralization, and efforts that directly benefit noble causes. The voting members of the Cult DAO will decide what the fight against centralization, the cause of decentralization, and “noble causes” are.

Hence, the Cult DAO is a cryptocurrency and DAO built to finance the revolution. It even has a manifesto that quotes Berkeley Free Speech Movement member Mario Savio. Thus Cult DAO and Revolt 2 Earn are the perfect cryptocurrencies for Bastille Day.

The Cult DAO

To this end, the Cult DAO offers two tokens, CULT and dCULT. CULT is the tradeable and liquid token of the Cult DAO. In other words, a cryptocurrency. The Cult DAO makes money by charging a 0.4% collection fee on all CULT transactions. Proceeds from the fee go straight to the Cult DAO.

dCULT is the proof-of-stake token that gives holders the right vote in the Cult DAO. Users can cash out anytime by swapping dCULT for CULT. The 50 largest holders of dCULT are the Guardians who govern the Cult DAO.

They hope to attract to users to the Cult DAO by paying people who stake dCULT with CULT rewards. Anybody can stake dCULT through the CULT DAO webpage.

Cult DAO Proposals

The Cult DAO Treasury funds proposals. The 0.4% fee funds the DAO Treasury. 13 of every 15.5 Ethereum (ETH) Cult DAO raised will go to an investee wallet to fund protocols. They will burn 2.5 of every 15.5 Ethereum (ETH).

Developers can submit proposals for blockchain projects with the help of a Guardian or Guardians. The projects must meet the criteria of fighting centralization, furthering decentralization, or benefiting a noble cause.

The proposal must contain the total supply of the protocol token, the percentage of the total supply a person can buy for 13 Ethereum (ETH) tokens, tokenomics, an audit of the token and contracts, and a burn and distribution plan.

Anybody can propose a protocol or project to the Cult DAO through the Cult DAO website. Each proposal is open for five voting days. To win approval a proposal must acquire one billion votes. Users can delegate votes to Proposals.

What Value Does Cult DAO have?

Mr. Market thinks the Cult DAO (CULT) has some value. CoinMarketCap named Cult DAO, the 339th largest cryptocurrency, on 14 July 2022.

CoinMarketCap gave Cult DAO a $56.884 million Market Capitalization, an $87.810 million Fully Diluted Market Cap, a $8.676 million 24-Hour Market Volume, and a $0.00001323 Coin Price on 14 July 2022. They based those numbers on a Circulating Supply of 4.319 billion CULT, a Maximum Supply of 6.667 billion CULT, and a Total Supply of 4.957 billion CULT.

Revolt 2 Earn

Revolt 2 Earn (RLVT) is one of Cult DAO’s projects. There is a strong interest in Revolt 2 Earn. CoinMarketCap named RLVT the fifth most trending cryptocurrency on 10 July 2022.

Users stake Revolt 2 Earn to finance Acts of Revolt. Revolt 2 Earn finances the revolution by giving cryptocurrency to the revolutionaries. I think Revolt 2 Earn is an alternative to wage slavery (jobs) that will pay people to revolt.

Revolt 2 Earn is attracting some support. They claim its treasury contained 89.967 Ethereum (ETH) ($107,299.14) on 14 July 2022. Revolt 2 Earn was paying 4.04 Ethereum (ETH) ($4,818.31) in Revolutionary Rewards on 14 July 2022.. They claim RVLT had a $$0.0000001606 Coin Price and a $14.632 million Market Capitalization on 14 July 2022.

In contrast, CoinMarketCap gave Revolt 2 Earn a $0.0000001606 Coin Price, a $40.534 million Market Capitalization, a $14.603 million Fully Diluted Market Cap, and a $5.987 million 24-Hour Market Volume on 14 July 2022. They based those numbers on a Self-Reported Circulating Supply of 65.433 billion RVLT, a Maximum Supply of 91.132 billion RVLT, and a Total Supply of 91.132 billion RVLT.

Revolt 2 Earn was CoinMarketCap’s 2,809th largest cryptocurrency on 14 July 2022.

I think the numbers show people like the idea of Cult DAO and Revolt 2 Earn. However, there is no evidence these cryptocurrencies can support money making protocols or achieve those goals.

My advice is for speculators to stay away from both Cult DAO (CULT) and Revolt 2 Earn (RVLT) until they show these protocols can finance a revolution.