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What is PresaleDAO?

"AF-PresaleDAO is a sub-fund to $APEFUND that invests only in Presale Stage Projects. The reflections collected in the ""Fund Wallet"" will be used to invest in Presale Projects that the Ape Fund Community Decides on (as a DAO).

Full description of PresaleDAO

"AF-PresaleDAO is a sub-fund to $APEFUND that invests only in Presale Stage Projects. The reflections collected in the ""Fund Wallet"" will be used to invest in Presale Projects that the Ape Fund Community Decides on (as a DAO). AF-PresaleDAO holders will receive 8% Reflections of all transactions on the Token (?) in the form of $APEFUND. The value of the $AF-PresaleDAO will increase, as when the community decides to book profits on the tokens it invests in, the profits will be used to BUYBACK $AF-PresaleDAO, and Burn those tokens, reducing Total Supply."
  • Exchange symbol (?): AF-PRESALEDAO
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS