# Using a Social Token to fund Projects 

By [Luke Windigha Bonaize](https://paragraph.com/@luke-windigha-bonaize) · 2021-11-27

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Lately I have been exploring projects on web3 and DAO’s seem to have a very strong use case. Can you imagine if very Uber drivers owned a fraction on the company?

My idea is pretty straight forward,

1.  Building a DAO
    
2.  Creating a Token
    
3.  Attract investors - exchange token for ETH & Other Stable coins
    
4.  Bond funds invested- Liquidity farm
    
5.  Use profits to fund project
    
    FYI this is only v1 and may change based on input and suggestions.

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*Originally published on [Luke Windigha Bonaize](https://paragraph.com/@luke-windigha-bonaize/using-a-social-token-to-fund-projects)*