Guru Network DAO, known as ftm.guru and traded under the ticker ELITE, is a decentralized and autonomous organization that aims to help everyone and decentralize finance. It was started in May 2021 as a vast collective and open community with a shared goal. The network has launched 49 dApps and deployed 238 contracts, with over 50 daily active users and an average daily revenue of $50. It has a circulating market capitalization of $145K, total value locked in smart contracts of $126K, and over 164K on-chain user interactions. The network supports multiple blockchain networks and has been in service since May 2021.
The ELITE token is the governance token of ftm.guru. It is a regenerative token with 18 decimal places and a capped supply of 250. Holding ELITE provides special voting rights over the eliteness.eth domain. Contributors to the ELITE economy earn ELITENESS, a non-transferable virtual property. ELITE is a highly liquid asset with a 1.337% transfer charge. Liquidity providers, farmers, XELITE stakers, and all holders accrue ELITENESS based on their on-chain actions. ELITENESS can be acquired by anyone, including robots and smart contracts, and anyone with an ELITENESS over 133.7 can create proposals, while positive ELITENESS holders can vote.
Guru Network has a diverse treasury that includes various assets generating sustainable yield and providing governance rights at external protocols. Some of the assets held by the network include Spiritswap, Fresh Beets, USD Coin, DAI, Wrapped Fantom, inSPIRIT, veFBA: Firebird, Scarab, Ethereum, Echelon, Metis DAO, Golden Scarab, Radial Finance, Scarab inSPIRIT, Solidly, and OXD. The total valuation of the treasury is $148,300. The network also offers several decentralized finance platforms, such as Kompound Protocol, VeNAMM, and various token airdroppers and explorers.