AnubisDAO: What It Is, Why It Matters, and What Happened to It

When you hear AnubisDAO, a decentralized autonomous organization built to manage crypto assets and governance through community voting. Also known as Anubis Governance, it was one of many projects in 2021 trying to prove that blockchain could replace traditional corporate structures with open, transparent decision-making. But unlike successful DAOs like MakerDAO or Uniswap, AnubisDAO never gained traction. It launched with hype, a token, and a website—but no real users, no active treasury, and no clear roadmap. By 2023, its social channels went silent. The token stopped trading. And the people who once talked about it? They moved on.

What made AnubisDAO different from the ones that survived? It didn’t solve a real problem. Other DAOs emerged to fix things like lending protocols, exchange fees, or governance token distribution. AnubisDAO just wanted to be a DAO. It had no product, no service, and no clear reason for users to lock up their crypto to vote on proposals that never got implemented. Its token, AnubisDAO token, the native currency used for voting and staking within the AnubisDAO ecosystem, was listed on one or two obscure DEXs, but never made it to Coinbase, Kraken, or even Uniswap’s top 100. Without liquidity, there was no price movement. Without price movement, there was no interest. And without interest, the community collapsed.

DAOs aren’t just about smart contracts and governance votes—they need people who care enough to show up. AnubisDAO never built that. It didn’t have a strong founder, no active developer updates, and no real-world use case. Compare it to Shield DAO, a testnet-focused project that rewarded early contributors with tokens, even if those tokens later became worthless, or Ramifi Protocol, a failed stablecoin that at least had a clear, if flawed, economic model. Those projects had at least a starting point. AnubisDAO had a logo and a whitepaper. That’s it.

The crypto space is full of ghosts—projects that launched with fanfare and vanished without a trace. AnubisDAO is one of them. But its story isn’t just a cautionary tale. It’s a lesson. If you’re looking at a DAO today, ask: Who’s actually using it? What problem does it solve? Is the token traded anywhere real? If the answers are quiet, it’s probably another AnubisDAO waiting to fade.

Below, you’ll find real examples of crypto projects that did something—whether they succeeded, failed, or vanished. No fluff. No promises. Just what happened, why, and what you can learn from it.