# Memecoin Index Fund

MoonDAO is a decentralized fund portfolio operating on the Solana blockchain. At its core is the Memecoin Index Fund, a portfolio of the most promising memecoin projects as selected by the community.

#### **Key Features:**

* **Community Governance**: When the smart contract is live, investors can join the fund. Based on their investment, they receive voting power to pick their preferences for the memecoins they are bullish on. Ultimately, giving investors the power to decide which memecoin projects enter the portfolio.
* **Eligibility Threshold**: Projects must secure a minimum of 1% of the total vote to be added to the fund, promoting collective decision-making.
* **Diversified Exposure**: By pooling votes and investments, MoonDAO reduces the risk associated with single memecoin investments while maintaining exposure to projects with explosive growth potential.
* **Smart Contract Operations**: All fund operations, including voting, allocations, and transactions, are managed by secure, audited smart contracts for transparency and trust.
