What is HairDAO
What is the project about?
HairDAO is a BioDAO (part of the DeSci movement) dedicated to funding early-stage hair loss R&D. We believe that by increasing early stage funding, we'll be able to bring new hair loss treatments to market.
What makes your project unique?
Nobody else is using crypto to facilitate innovation in the real world via generation of hair loss IP.
History of your project.
We launched in November 2021 and have been apart of the first bio.xyz cohort (with VitaDAO, AthenaDAO, ValleyDAO, and PsyDAO). In November 2021, we minted our first IP-NFT in relation to our first study, which is testing the impact of T3 and T4 Thyroid Hormones on human scalp skin organ cultures. Here's the link to our IP-NFT: https://etherscan.io/nft/0x0dccd55fc2f116d0f0b82942cd39f4f6a5d88f65/1
What’s next for your project?
We have an entire pipeline of hair loss research studies that we plan to fund, conduct, and mint as IP-NFT's until we find the cure for hair loss.
What can your token be used for?
While we'll likely include more utility down the line, right now our token is a governance token. 1 HAIR = 1 vote. See our snapshot here: https://gov.hairdao.xyz/#/
HairDAO vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, HAIR would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of HAIR might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including HAIR.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.