⭕BARACS

$BARACS tokens are a testament to the active and committed participation of community members within the DAO.

$BARACS tokens serve as the primary medium for voting and governance activities within Scarab DAO. The holders of $BARACS tokens are called Pharaohs and $BARACS tokens grant them the ability to cast votes on proposals and judgments. This democratic voting mechanism empowers community members to collectively decide on actions and investments, ensuring that decisions are made in a transparent and community-driven manner.

$BARACS tokens also act as shares in the Scarab ecosystem. As the DAO engages in various revenue-generating activities, the earnings are distributed to $BARACS holders. This revenue-sharing mechanism incentivizes long-term commitment and active engagement within the community. It aligns the interests of $BARACS holders with the DAO's success, as they directly benefit from its growth.

Obtaining $BARACS Tokens

The process of obtaining $BARACS tokens involves the conversion of $SCARAB Tokens. The conversion ratio from $SCARAB to $BARACS is 1:1. In other words, for every $SCARAB token exchanged, one $BARACS token is acquired.