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This document provides guidance and key information to assist the development of the Tok Decentralized Autonomous Organization or TokDAO. (Subject to change)
TokDAO is a private organization consisting of artists, content creators, developers, founders, writers, NFT and crypto enthusiasts.
TokDAO is governed by TokDAO token holders via decentralized on-chain voting mechanisms.
Details on TokDAOâs initial organizational environment, on-chain governance, goals, treasury allocation, benefits, elections, are outlined below.
\This paper is intended to be used as a guideline for the initial phases of the* DAO, as a DAO, ultimately it is up to the collective community how they want the organizational environment to be, treasury allocation, direction of the DAO, voting etc. This all can be subject to change, depending on majority vote.
Vision
Grow TokDAO as a prominent entity inside the Web3 space while returning value back to participants and holders inside the DAO. Build and release products that return value back to TokDAO holders. Have a massive collective community with the ability to make an impact on the current market.
Goals
1. Become the largest DAO community in Web3
2. Bring Value to the Web3 Community through Educational Resources on DAOâs, NFTs, Crypto & Blockchain Technology
3. Build a network of leaders, artists, content creators, developers and NFT/crypto enthusiasts
4. Create tools/products to be used by project founders and end users that return value to holders
5. Form TokDAO into a Web3 marketing monster
6. Leverage the Community Network to Secure Partnerships and Opportunities for Future Growth of TokDAO
7. Create a standard of review through the TokDAO community for new projects entering the market
8. Bridge the gap between other alpha groups. (More on this later)
Benefits to members
TokDAO holds a 20% stake in TokLabz. Meaning, when TokLabz sells a product, TokDAO will receive 20% of the profit split amongst its respective members from said product. Example: TokLabz make $1,000,000 in profit, TokDAO receives $200,000, someone holding 1% of tokens would receive $2,000. (Most Likely) Paid in Solana.
TokDAO members receive a profit share from products or tools that are released from the DAO.
TokDAO members can leverage the network that's built inside the DAO.
TokDAO members are able to participate in bounty programs to receive monetary rewards relating to TokLabz and TokDAO.
TokDAO members have access to vote on treasury funds.
TokDAO members will be able to become contributors to the DAO for products/tools.
You are part of a private community with many avenues of opportunity, this is your chance to contribute and build something amazing.
As the user base grows, there is a high likelihood of different ideas to come into play.
Benefits can increase.
Governance
What does it cover?
TokDAO token holders have the ability to bring up proposals, this can be treasury allocation, leadership, partnerships, revenue streams, products, etc.
How many votes do I get per token?
1 token = 1 vote
Where will voting take place?
TokDAOs native website
Can any holder post a proposal?
Yes
Proposals will be reviewed by the committee task force before posted to the TokDAO community. This is to prevent something like âdrain the treasury and disperse to all holdersâ. We want to grow, not be stopped in our tracks.
Proposals are approved or denied dependant on reaching this criteria;
Votes must reach a threshold of 70% total TokDAO token holders voting
Everyone must vote before the given voting deadline.
Once that threshold is met and a 51% vote is confirmed, the proposal is approved. Then moved to execute.
Inside the DAO, there will be different task forces. I.e;
committee, treasury board, marketers, alpha group, content creators, ambassadors etc. all working together on the goals and proposals put forth.
Ultimately, if something needs to be changed from the initial structure set out, it can. Just needs a vote.
Notes from Z:
Roadmap for TokDAO?
I wouldnât necessarily call it a roadmap, more like a path that we are carving ourselves. It can change
As set out in the initial goals/vision, the forefront focus of the DAO will be growth and returning value back to its holders.
I want to be able to work with everyone to make an impact on the ecosystem.
You guys make up the project, you make up the culture, let's make it a good one.
Iâm starting this from nothing, zero.
Website, voting functionality, team payouts, etc. will all come after mint. Please dually note this. I will be in constant contact with the community throughout the process. Questions, comments or concerns can be directed to me or future team members.
If you are uncertain about something, dislike something, come ask me or have a discussion about it.
We're going to succeed.
Determination, patience and consistency. It's a marathon, not a sprint.
Leave a comment! I'll do my best to respond to all of them.
Post Details
- Posted
- 2 years ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/TokDAO/comm...