# 1521 DAO

By [Xin Xin](https://paragraph.com/@xin-xin) · 2021-11-30

---

This is where all updates about the 1521 DAO project will be published.

What are the details of the 1521 DAO project?
---------------------------------------------

**The Philippines was claimed in the name of Spain in 1521 by Ferdinand Magellan, which is why it is important to reclaim 1521 and use it as our own $token that will revolutionize the use of WEB 3 technology in helping alleviate poverty in the Philippines.**

We are raising 10 ETH, with contributions capped at 2 ETH. That ensures a reasonable number of people are able to participate. Allocations are made on a first-come, first-serve basis. If you don’t have an Ethereum wallet, I recommend downloading [Rainbow’s](https://rainbow.me/) mobile app (iOS only). [Metamask](https://metamask.io/) is a good alternative.

**Contributors will receive a stake in $1521, our token.**

---

*Originally published on [Xin Xin](https://paragraph.com/@xin-xin/1521-dao)*