DAO stands for “Decentralised Autonomous Organisation” and can be described as an open-source blockchain protocol governed by a set of rules, created by its elected members, that automatically execute certain actions without the need for intermediaries.
The DAO rewards are allocated immediately, which also includes a buyback program.
There are 4 DAO levels to be earned, determined by the amount ACTA Tokens the user is actively staking. The higher the DAO level, the more passive income a user potentially can generate.
Users need to activate the DAO level manually when they have reached the required staking amount. Engaging with a Counselor, Minister, or Ambassador DAO title will lock the required ACTA Tokens for three months. The Governor DAO Title will lock the ACTA Tokens for one year and will only activate after the subscriber passes the KYC (Know Your Customer).
The reason for Governor KYC requirements is that we want knowledgeable people to have a vote in the ActaFi Protocol Governance and not a John Doe.