🚀

DAO Launch

ℹ️
The early community is exploring the possibility of launching the DAO using a one-time presale to seed membership, the treasury and unit economics surrounding the token.

This solves the chicken-and-egg issue implied by launching the DAO’s first

. Read on to understand.

🪣
Bucket Auction

If you read

, you probably understand why launching a DAO
✨
Daily Auction
 with no yield is exactly the same thing as launching an NFT as we know it today.

We want to avoid this.

The

can only launch if the wallet buying it will receive its yield 30 days later, and every 30 days thereafter (as well as
➗
Exit Distribution
 from
🔥
DAO Exits
 later on).

That assumes the DAO Portfolio contains products, and the

is actively growing as a result of its free cashflows, which enables the
📈
DAO Yield Design
.

For this simple reason, the

cannot start until the DAO is distributing
🧑‍🌾
Current Annual Percentage Yield (CAPY)
.

For this reason, the early community has decided to launch the DAO by emitting an initial supply of the NFT based sold in an initial token offering, organized and executed using the

model popularized by the Doodles project.

The goal of the presale will be to seed the

and the
DAO Treasury
DAO Treasury
 to kickoff
💸
DAO Acquisitions
 and
🧑‍🌾
Current Annual Percentage Yield (CAPY)
 payments.

Details on the presale TBD.