DOLODolomite (DOLO) Price

1. Project introduction

Dolomite aims to revolutionize borrowing and lending by providing a decentralized platform where users retain control over their assets. It integrates innovative features like virtual liquidity, staking rewards, and effective governance through its DOLO token. The project's vision includes long-term sustainability and adaptability to market needs through a unique inflation mechanism and community-driven decisions.

2. Team introduction

Co-Founder - Corey Caplan

Corey Caplan is the Co-Founder and President of Dolomite. He has extensive experience in the software-as-a-service (SaaS), consulting, and cryptocurrency industries. His expertise includes project management and planning, Android development, distributed backend server development, Solidity smart contract development, relational database design and implementation, as well as iOS development. Corey Caplan also currently serves as an advisor to World Liberty Financial, a cryptocurrency project affiliated with the Trump family.

Co-Founder - Adam Knuckey

Adam Knuckey is the Chief Operating Officer and Co-Founder of Dolomite.

3. Investment institution

May 15, 2023 – Raised $2.5 million in funding from NGC Ventures*, Draper Goren Holm, Coinbase Ventures, 6th Man Ventures, WWVentures, Token Metrics Ventures, RR2 Capital, Slappjakke, Matthew Finestone, David Bleznak, coinflipcanada, Kyle Rojas, and CryptoCondom.

March 19, 2024 – Raised $900,000 in funding from Optic Capital, Sandeep Nailwal, DCF GOD, Pentoshi, Marc Boiron, DeFi Dad, Jack Melnick, Alicia Katz, and Altcoin Sherpa.

4. Token application and distribution

Token application:

The DOLO token serves as the governance token for the Dolomite protocol, enabling users to influence decisions, earn staking rewards, and participate in the liquidity mechanisms of the platform.

Token distribution:

• Community - 50.75%
• Core Team - 20.20%, 3-year vesting w/ 1-year cliff
• Foundation - 9.65%
• Investors - 16.20%, 1.29% (12,943,333 DOLO) vests over the first 12 months, 14.89% (148,902,667 DOLO)  vests over 3-years with a 1-year cliff
• Service Providers - 3.00%
• Advisors - 0.20%, Vested over 2 -3 years with a 1-year cliff