Question 1

WHAT IS A DAO?

Accepted Answer

In its simplest form, a decentralised autonomous organisation is a group of friends with a shared bank account. The community raises funds together, creates proposals for how the funds could be used, and then votes on which proposals help achieve their collective goal. Blockchain technology allows these groups to form with greater efficiency and legitimacy by embedding their governance into a digital contract and storing funds in a multi-signature bank account.   The benefits of this structure include: - members can attain and prove their partial ownership in the DAO - decisions are made democratically through voting system - collective funds can only be invested into projects with members’ approval

Question 2

HOW DO I BECOME A MEMBER?

Accepted Answer

Currently, membership is free and you can sign up by clicking here and filling out our application form.   Later down the line, we will implement a token-based membership where you will need to hold enough of our currency to become a member and unlock the benefits. Anyone who contributes to the sucess of the community will be rewarded with our token (currency). In other words, you could join the membership just by contributing, or you could buy your way in by purchasing enough of our cryptocurrency directly from the community treasury. Again, the specifics of this are yet to be decided.

Question 3

HOW CAN I GET INVOLVED?

Accepted Answer

Join the community here.   Find out how different people help us in different ways here.   You can review the specific ways to earn bumps (points) here.

Question 4

HOW DO PEOPLE GET REWARDED (PAID)?

Accepted Answer

Initially, we'll transparently track community participation and reward members with points. For example, for every person you invite to the Discord, we'll give you one point. These points have no value at first, but they represent a value we implement in the future. As a community, we will decide how much a point is worth so that everyone is rewarded without bias.

Question 5

ARE TOKENS OR POINTS WORTH ANYTHING?

Accepted Answer

When we implement our "token", which won't be for another 4+ months, the process involves minting (creating) our own crypto currency. Crypto currencies have a finite supply in circulation which adds value to the token. In the future, all members will need to own enough of the currency (through rewards or purchase) to remain a member. This encourages members to contribute as much, and as early, as they can to the success of the project. The more you contribute, the more tokens you earn, the more the brand grows, the more popular our membership becomes, the more value your tokens hold because people are willing to pay more to join.

Question 6

HOW DO WE TRUST THIS TECHNOLOGY?

Accepted Answer

This entire process relies on trust. The community must trust each other for the community to function. When you join, everyone is treated as an equal - you're free to contribute or leave at any time. If you were to invest in a traditional business, your money would be locked away and you would be locked into your position. All the owners of the multi-sig wallet must sign off on the transfer of any funds. These methods and technology have been used for years - some DAOs are multiple years old. Running off with the money would be social and career suicide, but if you're unable to trust the community, then we kindly urge you not to join.

Question 7

HOW DO I VOTE? HOW MUCH IS MY VOTE WORTH?

Accepted Answer

When we launch our voting system, we'll add the details here.   Until then, if you have any questions or requests, feel free to drop them in the 🙋any-questions channel in our Discord.

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