Welcome to Hexal DAO — The World’s First DeFi Hedge Fund Where Each And Every Investor Has A Say In How Their Assets Are Staked

What is Hexal DAO?

To put it simply, we are a decentralized hedge fund that accounts for input from every single one of our investors. Hexal DAO is a fork of the notorious and reliable Olympus DAO framework. Using an identical bond and stake mechanism, users will be able to stake Hexal and earn rewards for their staking just like our brother DAO, Olympus. Hexal DAO is powered by its own powerful and secure reserve currency token, $HXL. Hexal DAO is built upon the Binance Smart Chain and $HXL is a BEP-20 token.

The purpose of any DeFi DAO is to allow investors to own a share of the the protocol’s liquidity which in return ensures sustainable growth and reward for all. Hexal DAO was created with the sole purpose of allowing a large investor community to enjoy the high yields of a hedge fund while being given a say in the way that their assets are managed.

Transparency, Equality, Fairness

While many DAOs take advantage of large sums of equity, we believe in transparency and fairness therefore all treasury transactions will be logged and documented and members will be able to access these transaction records. All treasury transactions will be accounted for by a vote via a poll in our community snapshot.

Quick Facts:

• Liquidity will be locked
• Treasury funds are held within a multi-signature contract
• All treasury wallet activity will be documented, logged, and annotated with records that are viewable by all community members

Why Use The Binance Smart Chain Network?

When developing the project, the entire time was torn between building Hexal on the Avalanche network or the BSC network (Binance Smart Chain). Ultimately, for scalability and ease of access for investors, we decided it would be best to develop Hexal on BSC (Binance Smart Chain).

Advantages of the BSC network:

• Low Transaction Fees — The average transaction fee for BNB Smart Chain is $0.4037 USD per TX as of January 9th, 2022.
• Transparency — Track each and every transaction within our treasury via a documented log from BSC Scan with our transactions.
• Scalability With Smart Contract Development — BSC smart contracts can be very versatile and easy to tweak, change, or manipulate as we develop the Hexal DAO protocol.
• Familiarity For New Crypto Investors — Binance is the world’s largest cryptocurrency exchange and many users, even those new to crypto, are familiar with BSC, BNB, and Binance itself. We believe that this makes Hexal DAO very attractive a larger audience as it is built upon a reliable and popular infrastructure.
• Ability To List On Large Exchanges — Our goal is to get Hexal listed on Binance exchange by Q4 of 2022.
• Greater Token Security — There is a large amount of third party audit and consulting organizations that we will be able to use for members to track the accountability of Hexal DAO.

Timeline

Hexal DAO will be launching public sale on January 29th, 2022. Stay tuned to our twitter and our discord to hear more from us about any updates and changes to these deadlines.

On February 27th, 2022, Hexal DAO will undergo its very first audit via a third party auditor that is chosen via a poll in the community channel.

Our aim is to wrap up Q1 of 2022 with at least 2,000 holders, and a 70% or greater percentage of $HXL being staked.

Our APY is over 59,000% and we are allowing staking immediately following our public sale.

What’s To Come?

Partnerships are a key in building out a functional and profitable protocol. We are looking to team up with promising DeFi startups to provide funding for their protocol development.

Here’s where we stand out from other DAO’s however — We will be taking community input to find our next venture capital project.

The Hexal fully believes in giving power to the investor, therefore, every single one of our investment projects will be sourced from submission via our community server and we will then create a poll for our members to vote on whether or not that specific project is one worth investing into.

Our roadmap also states that we will be looking to list $HXL on CoinGecko and CoinMarketCap by Q2 of 2022 and we are very confident in that happening along with listings on other large platforms to come.

Keep Up To Date

Official Twitter — https://twitter.com/HexalDAO

Official Discord — https://discord.gg/CfnS2pzsaU

Official Telegram — https://t.me/HexalDAO