RaveDAO has refuted allegations of manipulating the price of its RAVE token, asserting that the claims are baseless and reaffirming its dedication to project development. The organization emphasized its focus on long-term growth and community alignment through innovative mechanism designs, such as token lock-up models based on price or performance metrics. Looking ahead, RaveDAO plans to sell a portion of its unlocked tokens in line with its Token Release Schedule to support operational costs, including global hiring, marketing, and strategic acquisitions. Additionally, the DAO remains committed to philanthropy, pledging 20% of event profits and a portion of future operational profits to charitable causes. RaveDAO's primary goal is to establish a robust on-chain entertainment and music ecosystem to enhance Web3 user engagement.
RaveDAO Denies Price Manipulation Allegations, Plans Token Sales for Funding
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