UNKNOWN

JANUARY 2022

GLOBAL

ZODIAC DAO

DESCRIPTION OF EVENTS

"Zodiac is a belt of the heavens within about 8° either side of the ecliptic, including all apparent positions of the sun, moon, and most familiar planets. It is divided into twelve equal divisions or signs which each carry its deep meanings."

 

"ZodiacDAO is a DeFi 2.0+ decentralized reverse currency protocol based on the $ZD token. We use the POL (Protocol Owned Liquidity) to make sure that $ZD is back into ZodiacDAO treasury stable and sufficiently."

 

"Singapore, Singapore–(Newsfile Corp. – January 2, 2022) – ZodiacDAO Launches an advanced OlympusDAO fork containing Rebased, NFT, GameFi and Web3. Zodiac is a decentralized protocol based on the $ZD token – collateralized and backed by the Zodiac DAO. ZD will be the reserve currency on the BSC network. In order to maintain price stability, Zodiac will use the Algorithmic Reserve Currency algorithm and will also be supported by the POL (Protocol Owned Liquidity) for the most sufficiency. Zodiac will be community owned; $ZD holders decide on Zodiac’s future via on-chain voting and HODL-ing activities."

 

"Their GameFi is currently under development and anti-inflation will be applied as well, so people can play, earn, and rest assured about the stable price of ZD along with their great marketing strategy."

 

"We’ve received inbounds that may indicate high risks regarding to a project named Zodiac DAO. The twitter account is gone and we wish the community DYOR enough before interacting with the dApp."

 

"#zodiacdao has been identified as a #rugpull. Their twitter account @zodiacdao_bep20 has been deactivated. The team is currently looking into it. DO NOT interact with this project!"

The ZodiacDAO was a collateralized reserve currency. The liquidity, website, Twitter, Medium, and Telegram have disappeared. There is limited informatino on how much was lost and no apparent recovery plan.

Sources And Further Reading

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