PartyDAO

PartyDAO is a web3 social application designed to help users collaborate in groups and communicate more effectively. At the core of the PartyDAO protocol are two key concepts: Party and Crowdfunding. 

“Crowdfunding” is the primary method for users to create or join parties, enabling multiple people to pool resources together. Anyone who wishes to join a specific party or create a new one contributes $ETH to the party’s pool through the PartyBid and mints their own exclusive Soul Bond Token (SBT). This SBT represents the amount of funds contributed to the party and determines the contributor’s weight in future governance voting among other Party members.

Meanwhile, a “Party” refers to a group of multiple Ethereum accounts that work together to perform actions on-chain. Each member has their own governance weight in decisions, with their influence based on how much they contributed during the crowdfunding period. Once the crowdfunding period is over, the Party can use WalletConnect to interact with any Ethereum app using the collected funds. This way, DAO Party revolutionizes the user experience, enabling multiplayer interactions in DeFi, NFT collection, gaming, project management, and more.

🪙 PartyDAO Token: Although the protocol’s team has not publicly disclosed any plans to release a native token, given the project’s maturity, a TGE and a PartyDAO airdrop could occur at any time

Taking into the account the rising interest from crypto users in the protocol, our team decided to conduct a comprehensive analysis of the PartyDAO project and identified some critical pros and cons. Here’s what we found:

✅ PartyDAO Pros:

• Interesting concept and product design;
• Above-average Growth and Influencer marketing performance;
• Strong network of top-tier funds, with over $16.4M invested in the project’
• Multiple top-tier partners support the protocol;
• Experienced core team members, with the CEO having previously worked at Goldman Sachs and Snapchat.

❌ PartyDAO Cons:

• Poor SEO, PR, and SMM performance;
• Absence of marketing infrastructure;
• Lack of transparency in tokenomics;
• No clear roadmap;
• Lack of transparency regarding the team members: not all team members are added to LinkedIn.