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DAOSquare Incubator Documentation
DAOSquare Incubator Documentation
Overview

Overview

The RICE token is the token for DAOSquare which governs the DAOSquare Incubator, and other parts of DAOSquare ecosystem in the future.

Basic Information

Token Name
DAOSquare Governance Token
Token Symbol
RICE
Token Type
Standard ERC20
Token Contract
0xbD9908b0Cdd50386F92efCC8e1d71766C2782Df0 (Ethereum)
Smart Contract Audit
Deployed On
Ethereum Mainet (May-03-2021 07:42:32 PM UTC)
Circulating On
ā€¢ Ethereum ā€¢ Base
Token Contract On Base
0xf501E4c51dBd89B95de24b9D53778Ff97934cd9c

Utility

There are 4 main use-cases for RICE, most require locked RICE (goRICE):

  1. Allocating ownership of DAOSquare to Venture DAOs.Ā This is one of the core utilities of RICE and also the main incentive for contributions to Venture DAOs in DAOSquare Incubator.
  2. Allowing network maintainers to execute system operation program transactions to earn stablecoin reward by holding goRICE.
  3. Collecting compensationsĀ from protocol fees thatĀ occurĀ on DAOSquare Incubator through holding goRICE.
  4. Allowing users to propose andĀ vote in governance proposalsĀ including compensation scale and Venture DAO reward scale through holding goRICE.
šŸ’”
goRICE stands forĀ governance RICE,Ā representingĀ RICE tokens locked for voting in the DAOSquare.

For information about how to lock see theĀ How to Lock & Unlock RICE, or for more information about goRICE, see theĀ goRICE page.