Cult DAO is about revolutions. More precisely, it’s about investing in a revolution. The anonymous team behind the creation of the Cult network are serious about decentralization and community, and their desire is to see the old financial system crash. If this sounds interesting to you, you’re in luck.
In this article, I’ll take you through an overview of what Cult Dao is, how it works, where it’s going, its unique features, and also guide you on how you can get started investing in the decentralized autonomous organization.
How to Buy Cult DAO – Overview
Not sure how to get started buying Cult DAO coins? Fret not! Here is an overview of the four-step process.
- Step 1: Register with MEXC – Visit MEXC’s homepage and register with the platform. You’ll need to provide your mobile number or email address.
- Step 2: Verify Account – Before you view the Cult DAO price on the platform and transact, you’ll need to pass a brief KYC step. Here, MEXC will require you to provide some of your personal details like your address and proof of identity.
- Step 3: Deposit Funds – You’ll need to deposit funds into your account to buy your cult crypto.
- Step 4: Buy Cult DAO – With your account verified and money deposited into your account, pick your preferred purchase method on the Buy Crypto link on the profile dashboard.
What is Cult DAO?
As its name suggests, Cult DAO is a DAO (decentralized autonomous organization) focused on helping communities of enlightened crypto traders build, fund, and scale Blockchain-based projects that seek to revolt and advance the decentralized revolution.
To do so, Cult DAO developers have provided their users with the tools and support necessary to launch DeFi-related projects as they see fit. In fact, these users also actively vote on whether or not decentralized-oriented projects should be funded in pursuit of this goal.
What’s more? To help foster and ensure a completely decentralized economy, Cult DAO’s protocol employs a liquid and tradable token called CULT. This token powers and fuels the Cult DAO organization’s decentralized funding mechanism.
Cult’s developers claim the token isn’t a charity token or speculative currency, which is unlike most deflationary coins in the crypto realm.
What inspired the origins of Cult DAO? Well, for that, we’ll need to take a little history lesson.
Cult DAO began as a way to revolt and free everyone from the economic chains that bind us. It started with the realization that most of us exist (today) as nothing but cogs in the machine, our only purpose being to enrich central banks by serving economic functions.
The developers of Cult DAO believed that the key focus of central banks around the world was maximum employment, which was in direct conflict with our innate desire for freedom. Out of this quest for breaking free and attaining freedom, Cult DAO was conceived.
In early 2022, Mr. O’Modulus, Cult DAO’s founder, published the Cult Manifesto and officially launched the autonomous organization.
Where to buy Cult DAO?
Honestly, there is no single best place to buy Cult Dao for everyone. It depends on your investment needs and how you plan to trade. You may have noticed, however, that MEXC is our preferred exchange platform for Cult Dao coins. I’ll let you know why in a moment. We’ll also look at seven more options you could utilize.
Founded in 2018, MEXC, also known as MEXC global, has focused on being the highest performing exchange with straightforward and efficient transactions throughout its existence. What’s more? The team behind the exchange is believed to include some of Blockchain technology’s ultimate pioneers. These are individuals who have been exploring the technology since its inception.
As of the writing of this guide, MEXC is available worldwide and has acquired official licenses for its operations in multiple nations. These include Canada, Australia, and the United States of America.
Another reason MEXC rose to fame so quickly is its reliable customer support team. A good crypto platform should be able to sort out its client’s issues promptly and efficiently. That’s precisely what MEXC’s multilingual support ensures. If contacting the live agents isn’t an option in your scenario, MEXC also allows you to submit a ticket or send them a brief email describing your issue.
You can always rest assured they’ll get back to you within a few hours.
MEXC’s review would be incomplete without the platform’s unique selling proposition (UPS) and ease of deposit and withdrawals. The exchange won’t charge you anything when depositing cryptocurrency into your account. Unfortunately, fiat deposits aren’t supported, but you can use fiat to purchase crypto directly on the platform.
The fee for purchasing crypto using fiat will depend on what the 3rd-party merchants decide to charge. This will usually be anywhere between 3 and 5 percent. To see exactly how much you’ll have to pay, head to the site, and select the specific fiat payment method you’d like to use.
While fiat withdrawals aren’t supported, thanks to MEXC’s low-fees, it’s easy to withdraw to another exchange like Binance before selling and withdrawing to a bank account. Overall, MEXC is an excellent exchange that will serve any investor well.
Established in 2018, ByBit is a cryptocurrency exchange that offers traders and investors a platform where they can enjoy a multilingual community support, excellent customer service, and an ultra-fast matching engine.
In addition to cryptocurrencies like Cult DAO coins, the company also offers innovative online derivative and spot trading services, API support to global retail & institution clients, an NFT marketplace, as well as staking and mining products. All these align with the platform’s goal to be the most reliable exchange for the emerging digital asset class worldwide.
ByBit is also a proud partner of Oracle Red Bull Racing Esports, Virtus.pro, Alliance, Astralis, esports teams NAVI, Oracle Red Bull Racing, and the Formula One racing team.
As of the writing of this guide, ByBit is host to more than 6 million crypto traders and investors of varying skill levels and risk appetites. The platform is also backed by a robust infrastructure and powerful matching engine, both of which explain why the platform was able to sail smoothly through the high seas of cryptocurrency’s historic trading frenzy in May 2021.
Established in 2018 and based in Singapore, Bitget is one of the world’s leading digital asset trading platforms with one of the most manageable transaction fees in the market. Currently, the platform serves over two million crypto traders and investors across more than 50 nations. The company already has regulatory licenses from Australia, Canada, and the U.S.
Another feature that makes Cult Dao one of the best platforms you should consider when weighing where to buy Cult DAO is the company’s latest round of financing that launched it to a multi-billion dollar valuation and an average daily trading volume of $10.5 billion.
Even CoinGecko and CoinMarketCap, the best price tracking sites for crypto assets, have repeatedly ranked Bitget in the top five in the world for derivatives (by trading volume.)
To help promote the worldwide adoption of decentralized finance while simultaneously enhancing its global expansion strategy, Bitget has partnered with some of the most beloved and pioneering brands. These include a sleeve partnership with Juventus F.C., Italy’s most established and oldest club.
If all these features tied together don’t make Bitget one of the most reliable platforms to buy Cult DAO coins, I don’t know what does.
Coinbase is arguably the most popular crypto exchange. This platform’s crypto app offers a hard-to-beat service to over 98 million verified users worldwide. If you’ve ever used Coinbase before, you also know it supports a standard platform and an advanced version known as Coinbase Pro.
Also worth noting, some digital currencies, like Cult, can only be acquired with another crypto on decentralized exchanges. Before buying Cult DAO, you’ll need first to purchase Ethereum (ETH). Here is a brief guide if you don’t already have a funded account on Coinbase.
Create a Coinbase account, add your preferred payment method, and buy Eth. Next, transfer your ETH to your self-custody Coinbase wallet. The Coinbase wallet is available as a browser extension and mobile app.
If you have the wallet on your mobile phone, open the app, and tap the “Trade” tab. Next, tap “choose coin” and select Cult DAO, then input the amount of ETH you would like to exchange for Cult DAO. This is the same process you can use to swap your ETH on Coinbase for any token that runs on the Ethereum standard.
Are you scouring the internet looking for a straightforward exchange with all the standard features you’d expect to find in a leading crypto trading platform? KuCoin could be the solution for you.
Based in Singapore, KuCoin offers a wide selection of cryptocurrencies you can trade and is readily available to use in most nations. This includes some of the not-so-popular coins in the realm of crypto tokens. That said, like, with all crypto exchanges, you’ll need to do the homework and ensure that the exchange is allowed to operate in your country.
Another thing that sets KuCoin apart among Cult DAO would-be platforms is its relatively low fee of 0.1 percent per trade for traders and makers. Carefully go through KuCoin’s markets section before signing up and ensure it offers every cryptocurrency you may be interested in acquiring the feature.
Often imitated but never quite duplicated, Uniswap Exchange is among the most popular and original decentralized exchanges available today. Unfortunately, just like with Coinbase, you cannot buy Cult DAO using fiat currencies on Uniswap.
First, you’ll need to buy ETH on another exchange, like Binance or Coinbase, and move the crypto coins to your self-custody Metamask wallet. Next, you ought to connect the wallet to Uniswap and exchange the ETH for Cult DAO coins. Using this method, you can easily swap all Ethereum-compatible assets (ERC – 20) with just a few clicks and without needing to complete any identity verifications.
Regarding safety, Uniswap is one of the best to ever do it. Since it operates as a liquidity pool and decentralized exchange constructed on Ethereum, it implies that its crypto security is at par with the Ethereum Blockchain.
Uniswap locks the funds you provide into a liquidity pool using a smart contract, and said funds wouldn’t be accessible to any other account besides yours. A hacker will have to obtain your account information to stand a chance at penetrating Uniswap’s security and pulling anything from the pools.
What are Uniswap’s exchange fees like? The platform will only charge you 0.3 percent for all swaps. Better yet, unlike most centralized exchanges, the fee on Uniswap doesn’t go to the developers. Instead, it goes to the liquidity providers. This acts as the incentive they receive for providing assets to the protocol.
Note that gas fees, which refer to fees needed to make a transaction on the Ethereum Blockchain, are a separate cost, and their steepness will be determined by how congested the network is.
Pancake Swap (Extra)
The last, but by no means least, place to buy Cult DAO coins is on Pancake Swap. This platform launched in September 2020 on the Binance Smart Chain as an alternative automated market maker to Uniswap Exchange. That implies that, like with Uniswap, you’ll enjoy higher transaction speeds and lower costs when buying Cult DAO coins on Pancake Swap. Unfortunately, you’ll also need to go the extra route and first get some ETH in your Metamask wallet.
That said, even though Pancake Swap did start as a copycat of Uniswap on another Blockchain, the platform did go on to develop a host of unique features that set it apart from all other competitors in the realm.
One of such features is the eponymous swap function. Using this feature, Pancake Swap’s simple interface will allow you to seamlessly swap between any of the assets available on the platform at reasonable trading fees. This feature will also enable you to make trades within seconds and set your preferred slippage tolerance.
Cult DAO Price History
Before looking at Cult DAO’s price history, note that past performance shouldn’t be taken as an indicator of likely results in the coming days. Understanding the past behavior of any financial asset should only be used to complement your predictions of said asset.
With that in mind, let’s get started.
Cult DAO was launched in early February 2022. At its launch, it was worth approximately $0.0000005. Those who jumped in immediately may have been happy to see it skyrocket to $0.000001055 within two days, but less so when it dipped to approx. $0.000000228 within two weeks. The initial rally is attributed to news from the HotBit crypto exchange that had just announced it would start offering Cult DAO to its clients.
Between 26 and 27 March, the coin traded at a low of $0.0000006483 but rose to an intra-day high of $0.00002241 on 31 March. This was an astronomical rise of more than 3,350 percent in five days. The CULT price closed that month at $0.00002038.
On 2 April, the Cult DAO price hit an all-time high of $0.00007366. Unfortunately, things cooled down after that, thanks to the china crypto ban that hit the market hard. By the end of April, Cult’s price had been slashed to $0.0000131.
On 6 May, Cult shot up again and hit the $0.00002931 price level. Unfortunately, stormy clouds were looming on the horizon. Thanks to the collapse of the associated LUNA crypto and the de-pegging of the UST stablecoin, Cult DAO price dipped to a new low of $0.000009436 by 12 May. It closed that month at $0.00001698.
Things got even trickier for the crypto realm in the following month. In June, the Celsius crypto lending platform canceled withdrawals, which only confirmed beyond a reasonable doubt to some that the crypto realm was a bear market.
By 19 June, the token had reached a $0.000007528 price level. By the end of the month, Cult DAO had already scrambled its way to $0.00001069.
On 7 July, Cult DAO hit a daily close of $0.00001363, thanks to the KuCoin exchange’s announcement that it would list the coin. Around a month later, on 9 August, the market crashed to $0.0000139.
Cult DAO Price Prediction
Now, let’s take a look at Cult DAO’s price predictions by leading experts in the crypto realm.
WalletInvestor analysts are quite upbeat regarding their Cult DAO price forecast. They predicted that the token could reach $0.0000365 in July 2023 and probably keep rising to a new all-time high of $0.00015 in approx. five years.
CoinArbitrageBot is also bullish sentiment in their Cult DAO prediction. The site’s analysts project that the coin should hit $0.00002228 by the end of 2022 before hitting $0.00003966 in 2023. In 2024, these analysts believe the coin should get to $0.00006417, after which it’ll skyrocket to $0.0001038 by 2025.
According to predictions from DigitalCoinPrice, the analysts suggest that the token should hit $0.0000198 by the end of 2022 before rising to $0.0000224 in 2023 and $0.0000235 the year after that.
Based on these estimates and and we now know about the passed prices of CULT, it seems likely that the price of Cult DAO could fall between the following ranges in 2022, 2023, and 2025.
|Year||Potential Highs||Potential Lows|
How to Buy Cult DAO – Step by Step
Learn how to buy Cult DAO on MEXC in four simple steps. We’ve also got an excellent guide detailing how to buy Maker – another popular altcoin.
Step 1 – Register With MEXC
Head to MEXC’s homepage and hit the “sign up” button on the top right corner of the page. On the pop-up form that appears, fill in your personal details as requested and hit sign up when you’re done. Details MEXC will need include your email, password, verification code, and referral code (if you have any).
Step 2 – Verify Account
Before you can carry out any transactions on MEXC, you’ll need to conclude a standard Know your Customer (KYC) procedure. The personal details required to complete the KYC include your Nationality, ID Type, first name, last name, and an identity card image.
MEXC should take no more than 24 hours to verify your identity.
Step 3 – Deposit Funds
Fund your newly verified account immediately if you prefer to buy your Cult DAO coins via credit or debit card. This also applies to those who intend to fund via bank transfers.
Step 4 – Buy Cult DAO
To buy Cult DAO, head to the “Buy Crypto” tab on the top left corner of the site’s homepage and pick the purchase method you want to use. Options you can choose from include P2P Trading, Global Bank Transfer, Debit, Credit Card, and Third-Party payment.
Once in, pick Cult DAO from the drop-down and complete the purchase process.
Congratulations, you’re now a crypto trader and investor.
How to Buy Cult DAO – Conclusion
Cult DAO is a different breed of creation, even within the DeFi sector. The platform comes without human interaction, and only the tiny profits generated from each transaction are used to fund and grow the platform. The developers cannot switch it off, and governments (any global government) cannot touch it.
As such, if you haven’t already, I highly suggest you get behind the cause. Better yet, once you’re ready to take the plunge, head to MEXC and buy some Cult DAO coins using the detailed guide we’ve shared above. Key benefits of investing with MEXC include hassle-free registration, a premium help center, a range of deposit and withdrawal methods, etc.
Popular places to buy Cult DAO and other crypto coins are cryptocurrency exchanges, brokerages, and payment services. The recommended option you should consider is MEXC.
Yes, you should. Cult DAO has not only maintained an excellent track record so far, but the forecasts are also largely optimistic.
To buy Cult DAO, choose a preferred crypto exchange or broker to place your order, create an account, verify the account, select a preferred payment method, and safely purchase your Cult DAO coins. Also, ensure you safely store your purchased cryptocurrencies.
The average Cult DAO price predictions for 2023 and 2025 are set at $0.0000329 and $0.0001296. Note that price predictions for things as volatile as cryptocurrencies tend to be wrong, so only use this information to inform your sound judgment.