Intro to VirgoDAO
Messier's DAO on Ethereum
Last updated
Messier's DAO on Ethereum
Last updated
Virgo is a trustless, decentralized autonomous organization (DAO) governed by M87 stakers and powered entirely by immutable smart contracts. These smart contracts handle all internal functions—spending treasury funds, purchasing tokens, and distributing rewards—without any need for intermediaries. At no point in any process do middlemen gain access to funds, ensuring Virgo remains completely trustless by design.
Messier's applications operate across multiple networks, collecting service fees from users and routing them back to the Virgo DAO treasury on Ethereum.
M87 is the community token—freely tradable on the open market, stakeable in Virgo to earn passive income rewards, and usable for bidding on Messier Objects NFTs, which generate even higher passive income than staking M87 alone.
The number of M87 tokens a holder stakes in Virgo determines their governance role: whether they can create proposals (Pōwehi) or vote on proposals (Halo) related to using treasury funds to invest in alternative tokens, which are then distributed to stakers.
Because Virgo’s treasury is not dependent on M87 token purchases for funding, the community can objectively evaluate and invest in other promising projects.
Finally, Virgo features powerful buy-and-burn mechanics that create sustained buy pressure on the M87 token while significantly reducing its circulating supply.