What Is LunchDAO (LUNCH)? Complete Guide & Review About LunchDAO

What Is LunchDAO (LUNCH)?

LunchDAO is an autonomous organization that bids for “”Buffett’s Lunch”” and promotes Warren Buffett and the traditional financial forces behind him to enter the crypto industry. They will raise a certain amount of funds by issuing DAO governance tokens to compete with the global high capitalists for “”Buffett’s lunch””, and hopefully will send DAO members to have lunch with Warren Buffett. This will be a game between DAO and the elite.

Auctioning power lunch with Warren Buffett is not the ultimate goal of LunchDAO Coin , but just the beginning. During the auction process, which everyone can participates in, the consensus of members will continue to strengthen, so that $Lunch tokens will continue to grow, and value-added. While LunchDAO will also give a wider range of value to the token. In the future,

LunchDAO Coin will use $Lunch tokens to vote and donate to increase the possibility for ordinary people to communicate with traditional financial forces through DAO, such as Warren Edward Buffett, George Soros, etc. And finally to fully empower $Lunch tokens and realize the ultimate vision of LunchDAO-Becoming the world’s largest decentralized DAO community that communicates with traditional financial forces and cooperates for win-win results.

Autonomous Organization

LunchDao is a DAO autonomous organization that bids for “Buffett’s Lunch” , it also promotes Buffett and the traditional financial industry behind him to enter the Crypto industry. We will raise a certain amount of funds by issuing DAO governance tokens to compete with the global high capital class for “Buffett’s lunch” and send DAO members to Buffett’s table. LunchDao is willing to become the world’s largest decentralized Dao community who be able to communicates with traditional financial industry and cooperates in a win-win situation.

Refund Mechanism

LunchDao has designed a unique cooling-off period for refunds, and the refund cycle is three weeks. If you apply for a refund in the first week, you can get 50% of the investment amount back; if you apply for a refund in the second week, you can get 70% back; if you apply for a refund in the third week, you can get 90% back. Note: The refund channel will be opened on the LunchDao official website.

Users can claim tokens on JuiceBox within 24 hours after the event closed. Meanwhile, a refund channel will be opened on the official website of LunchDao. Please note that according to the rules of JuiceBox, users cannot apply for a refund once they have claimed their tokens.

Donated Token

They will never take any donations for own benefit. The tokens are withdrawn by users who wish to withdraw their funds. Users can withdraw their funds by clicking the “withdraw” button, then funds will be distributed to the LunchDao multi-sig wallet. This is determined by the operating mechanism of the JuiceBox platform itself.

This is also a common issue with all the existing Dao projects: it makes people think that the project team is taking tokens away. By clicking the button, users not only pay their gas fee but also help the team to transfer the platform’s tokens to the multi-sig wallet. Regarding this point we can make a commitment that every use of the raised funds will be approved by all the multi-signers and open to the LunchDao community.

Token

The $Lunch token is the governance token of the LunDao community. Community voting will be opened when LucnDao makes governance decisions. Users need to stake $Lunch tokens to gain voting rights. The election of community representatives, not only depends on how many token they have staked, but also the influence and fairness. Of course, token holders and NFT holders will also receive future treasury income dividends, airdrops and other rights.