Imagine raising hundreds of thousands of dollars in just hours, all through the power of community and creativity.
That’s exactly what’s happening on daos.fun, a platform built on the Solana blockchain. By blending memes, DAOs (Decentralised Autonomous Organisations), and hedge fund principles, daos.fun has created a unique space where creators can fund their ideas while offering investors a share.
This article dives into what makes daos.fun tick, how it works, and what you need to know to succeed on this platform.
What is daos.fun?
Daos.fun is a decentralised platform that allows creators to launch and manage their DAOs to raise funds, invest in projects, and share profits transparently.
Unlike traditional fundraising, daos.fun simplifies the process by letting creators connect directly with their audience, bypassing middlemen, and offering equal opportunities for all contributors.
The platform was launched in September 2024 by Baoskee and incubated by Alliance DAO. Creators on daos.fun set a fundraising target, and if they reach it within a week, DAO tokens are minted and distributed to investors.
These tokens represent a stake in the fund and can be traded, held, or redeemed for a share of the fund’s profits at the end of its lifecycle.
What sets daos.fun apart is its mix of fun and functionality. While its roots lie in meme culture, the platform offers serious financial tools, making it a space for creators to build and investors to profit.
How Does It Work?
Daos.fun operates in three main phases, keeping things straightforward for both creators and investors:
- Fundraising
Creators have one week to meet their fundraising goal set in SOL (Solana’s native crypto).
They promote their fund on social media, rallying their community to contribute. If they meet the target, DAO tokens are minted and distributed.
If the target isn’t met, investors can withdraw their SOL, although early withdrawals may incur a small fee.
- Trading and Investing
Once the fundraiser succeeds, creators gain control of the funds via a smart wallet. This wallet is used to invest in Solana-based projects, often focusing on the fast-natured meme economy.
The DAO tokens become tradable on an automated market maker (AMM), with their value tied to the performance of the fund.
Daos.fun’s unique curve model limits losses while allowing significant upside potential, making it an attractive option for investors.
- Profit Sharing
At the fund’s expiration, profits are distributed. Token holders can burn their tokens to claim their share of the fund’s assets or sell them on the AMM if the market price is favourable.
Profits are typically split 50/50 between the creator and the investors, rewarding everyone involved.
This simple yet effective system has helped daos.fun stand out in the world of decentralised finance.
How Did It Become Popular?
Daos.fun rose to fame thanks to its flagship DAO token, ai16z, a nod to the renowned crypto hedge fund a16z. The token quickly gained traction, raising millions in record time. At its peak, ai16z reached a market cap of nearly $1 billion, growing by almost 1 million percent since its launch.
Much of this success can be traced back to the narrative generated by utilising Marc Andreessen’s name on the platform, which drew massive attention.
The hype didn’t just boost ai16z, it positioned daos.fun as one of the most talked-about platforms in the Solana ecosystem.
Currently, ai16z manages over $15 million in assets. However, its rapid growth hasn’t been without challenges. Performance issues, such as site crashes and discrepancies in reported metrics, have raised questions about scalability.
Despite these hurdles, the platform’s ability to merge entertainment and finance has kept it in the spotlight.
How to Raise Money Successfully on daos.fun
While daos.fun provides the tools for fundraising, success depends on how you use them. Here are some practical tips to make your campaign stand out:
- Build Hype on Social Media
Your Twitter account is central to your campaign. Post engaging content, use mems and interact with your audience to generate excitement. A lively and consistent presence can make all the difference. - Get Verified
Only verified creators can start funds on daos.fun. Verification signals trustworthiness to potential investors, so make sure your profile is credible and appealing. - Network for Referrals
The platform operates on an invite-only basis, so you’ll need referrals to get started. Engaging with the daos.fun community and other creators can open doors. - Keep Your Community Engaged
A strong connection with your audience can sustain interest throughout the fundraising period. Reply to comments, host discussions, and share regular updates to keep the momentum going. - Set Realistic Goals
Choose a fundraising target that matches your project’s scope and timeline. Overambitious goals can deter potential contributors, while achievable ones build confidence and trust.
By following these strategies, creators can increase their chances of success while building a loyal base of supporters.
Conclusion
Daos.fun has introduced a fresh way for creators to fundraise and investors to get involved. By combining the lighthearted appeal of memes with the efficiency of blockchain technology, it has created a platform that feels both fun and functional.
Projects like ai16z have shown the incredible potential of this approach, inspiring others to explore what daos.fun has to offer.
That said, like any investment platform, daos.fun requires careful consideration. Creators must work hard to engage their audience, and investors should do their research before committing. But for those who get it right, daos.fun could be the key to turning big ideas into reality.
