DAQ Index Token
Bringing market indices onchain.
DAQ is a tokenized index on BNB Chain that tracks the Nasdaq-100, with a reference value driven by oracle-powered index data and a formula anyone can check.
In development · Not an offer to sell · No guaranteed returns
Example reference value per DAQ
$300.00 USD
Example: NDX 30,000 pts ÷ 100 · Not a live price
01 / The idea
One idea: connect the index world with the blockchain.
DAQ aims to have its reference value move with the Nasdaq-100 (NDX) according to a published formula. It is not a share in Nasdaq, Inc., and it is not a token priced to the QQQ ETF.
The Nasdaq-100 is made up of large non-financial companies listed on the Nasdaq market. Well-known examples include:
- NVIDIA
- Apple
- Microsoft
- Amazon
- Alphabet
- Meta
- Tesla
- Broadcom
Constituents are examples and can change. Holding DAQ gives no ownership or voting rights in these companies.
02 / Reference value
A formula you can check yourself.
The index level is scaled down so one unit is easier to reason about. Take the published Nasdaq-100 level and divide by 100.
Figures are an example. The market price of the token can differ from its reference value.
03 / How it works
From index level to onchain value.
- 1
Index data
The Nasdaq-100 level is published during US market hours.
- 2
Oracle
An oracle carries that index data onto BNB Chain, where anyone can read it.
- 3
Reference value
The onchain value is divided by 100 to give the DAQ reference value.
04 / Token
Token details.
- Symbol
- DAQ
- Network
- BNB Smart Chain
- Standard
- BEP-20
- Decimals
- 18
- Total supply
- 500,000,000 DAQ
Only trust a contract address published on daqtoken.com.
05 / Questions, answered
Understand DAQ more clearly.
How is DAQ different from buying an ETF?
DAQ references NDX ÷ 100 directly. An ETF has its own unit price, fees, dividends and tracking terms. DAQ is a blockchain token, not a fund unit.
Will the token price always match the index?
No. The reference value follows the formula, but the price on a market depends on buyers and sellers and can move away from it.
What happens when the stock market is closed?
The index is not updated outside US market hours, so the reference value holds the last published level until the market reopens.
Does DAQ pay dividends or a fixed return?
No. DAQ pays no dividends and promises no return. Its value can go down as well as up.
How do I add DAQ to my wallet?
Tap "Add DAQ to wallet" in a browser with MetaMask, Trust Wallet or another BNB Chain wallet. It will ask to switch to BNB Smart Chain and then to add DAQ. On a phone, open daqtoken.com inside your wallet app's browser. You can also add it by hand: copy the contract address above and use your wallet's "Import token" option.
Is DAQ affiliated with Nasdaq?
No. DAQ is an independent project and is not sponsored or endorsed by Nasdaq, Inc.
Start with understanding, before you invest.
Read the product concept, the pricing mechanism and the open questions in the DAQ whitepaper.
Download whitepaper ↓