# Formula 76 DAO $FORMSS

**Published by:** [Formula 76](https://paragraph.com/@formula-76/)
**Published on:** 2022-05-02
**URL:** https://paragraph.com/@formula-76/formula-76-dao-formss

## Content

Formula 76 DAOOut of Beta July 6th, 2022OVERVIEWThe 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 networkActivities of Formula 76 include:● 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 FOLLOW AND JOIN OUR COMMUNITIES https://discord.gg/W4WaVBUMnv

## Publication Information

- [Formula 76](https://paragraph.com/@formula-76/): Publication homepage
- [All Posts](https://paragraph.com/@formula-76/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@formula-76): Subscribe to updates
- [Twitter](https://twitter.com/DaGiTheGambler): Follow on Twitter