The Purpose of the Formula 76 DAO is to be a Globally Decentralized Crowdfunded and crowd sourcing Record Label owned and operated by its $FORMSS Token Holders.
$FORMSS is a social currency used Primarily for Voting On and Submitting Proposals to the Formula 76 DAO as well but not limited to:
$FORMSS tokens can be used for the following: ● Stake FORMSS for token rewards related to its overall activities;● Stake FORMSS for rewards related to specific activities; ● Stake FORMSS for exclusive content; ● Stake FORMSS to vote and participate in the DAO; ● Stake FORMSS to subscribe to exclusive merchandise; ● Use FORMSS tokens to pay for services in its network
● Building a global community of Independent Hip Hop Artist ● Producing revenue through the events, sales of Formula 76-owned NFT Content ● Allowing the community to participate in the DAO by passing proposals and voting; ● Coordinating research and development for Hip Hop Artist in the DAO
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