4/13/20243 min read

AirDAO, originally known as Ambrosus, traces its roots back to 2017 when it completed its initial fundraising. After two years, Ambrosus developed a blockchain focused on the Internet of Things (IoT) and supply chain sectors.

In collaboration with Singapore-based enterprise incubator Business Engineers Asia, Ambrosus helped Ukrainian fast-moving consumer goods companies like VERES, Yaro, Street Soup, and GNP Fruit achieve supply chain traceability for global trade.

Subsequently, Ambrosus initiated the "Swiss Wine—Vision 2030" project with the Swiss Wine Association, aimed at digitizing the wine value chain and providing Swiss grape growers with a digital platform. Although this collaboration was not hugely successful at the time, it laid the groundwork for AirDAO's later entry into the real-world asset (RWA) track. The Modus platform, focusing on real estate development in southern England, was launched in March as the first RWA project in the AirDAO ecosystem.

In early 2022, Ambrosus began expanding its technology to include EVM compatibility, cross-chain AMB bridges, and storage, focusing on developing DeFi. It also clarified its direction in enterprise business development, with subsequent growth centered around IoT, retail and consumer goods, telecommunications, manufacturing, supply chains, and smart cities.

By mid-year, Ambrosus had gradually formed an ecosystem and entered the Ambrosus 3.0 phase, an EVM-compatible L1 integrating supply chain, IoT, data storage, and DeFi solutions.

Post Ambrosus 3.0 era, development slowed, and the community called for a transformation, leading to the rebranding of the Ambrosus brand to AirDAO. AirDAO is a decentralized autonomous organization (DAO) governed by the community, managing the Ambrosus blockchain and its dApp network.

Strategically, AirDAO shifted focus to providing DeFi services in emerging markets like Turkey, Southeast Asia, Africa, and South America, integrating all products into one interface accessible via mobile devices. This supports individuals experiencing high inflation in their home countries, who may lack access to desktop computers and traditional bank accounts but can use mobile phones for internet services.

Financial products are often reserved for the wealthy and highly educated. However, AirDAO aims to democratize access by enhancing users' financial literacy and simplifying the complexity and accessibility of products, allowing everyone the opportunity to invest in assets typically considered out of reach, like bonds, real estate, compounding yield pools, and decentralized banking services.

Supported by a robust $2 million initial strategic investment from DWF Labs, which also serves as the market maker for the AirDAO Token AMB, AirDAO established its academy offering tutorials on how to access and use the AirDAO platform.

AirDAO's economic model innovated with a deflationary model and destruction mechanism. Part of the funds in the AirDAO treasury are invested in DeFi protocols, with the returns used to regularly buy back and monthly destroy AMB tokens. According to official explorer data, the first buyback destroyed nearly 3 million AMB, demonstrating AirDAO's long-term commitment to its token value.

Beyond economic model reforms, AirDAO actively promotes the development of its peripheral ecosystem. AirDAO invested $150,000 in RWA blockchain company Modus, headquartered in the UK, providing users with opportunities to invest in fractional real estate developments. In fact, this was not AirDAO's first foray into the RWA field. As early as 2019, before the RWA concept became widely known, AirDAO was already involved. Analysts predict the RWA industry will grow to a $10 trillion market by 2030.

To further promote the AirDAO ecosystem, DWF Labs made an additional $750,000 investment in AirDAO three months after a $500,000 donation to the AirDAO ecosystem fund, and joined as an AirDAO validation node to support the ongoing development and innovation of the AirDAO ecosystem.

With sufficient capital accumulation, AirDAO released its latest vision and roadmap, focusing on more practical implementations than its previous technology-heavy agendas. The roadmap highlights the launch of mobile apps, P2P services, and more ecosystem products, aiming to seamlessly integrate AirDAO's offerings into the everyday lives of people worldwide.

In 2024, AirDAO launched the updated Bond Market Platform (BMP), warming up for the upcoming Legion, a bond market-like platform but with new identities and functions. At Legion, users can buy BOND bonds or create their own. Legion will also serve as a LaunchPad platform, supporting fundraising for new projects and offering AirDAO users opportunities to invest in seed and public rounds of new ecosystem projects. AirDAO has already initiated an airdrop campaign, with participating users receiving SWORD tokens.

Following is Mantis, a decentralized trading platform with innovative liquidity incentives. Mantis' Single-Side Liquidity (SSL) pools allow users to stake single assets to generate returns while minimizing impermanent loss risks. Mantis is not just a DEX; it is also a core part of community building, where users can communicate and connect directly. Mantis will also issue its native token BUG, further enhancing its ecosystem value.

Given the low monthly interaction frequency between average users and wallets, AirDao will launch its ecosystem mobile wallet with built-in Play to Earn features and a task platform to attract user attention.

Moreover, AirDAO's staking platform Arcadia will undergo a rebranding to become SourPatch, bringing a more flexible and user-friendly staking experience to the AirDAO network. Subsequently, AirDAO will continue AMB destruction, reducing the total supply of AMB in response to community demands while maintaining system stability and sustainability.

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