P-5: Governance Token Proposal

Excellent to see this coming together

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Happy new year everyone

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Hoping the day come true

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Why are founders and advisors getting 10%? Specially when some of the advisors are known grifters? As for founders, the only thing they “founded” was deploying the default OpenZeppelin DAO contract with close to zero modifications and then create a discord and twitter account. This sounds like an easy cash grab for what was supposed to be a community thing. Sorry but I’m out. Want to know what a real fair community driven token launch looks like? Here you go:

Anything else is a shameless cash grab. Good on you for coning us though.

Maybe I’m missing something here, but I’m hoping I get clarification. Just to preface my questions aren’t meant to be antagonizing, just genuinely curious to learn and keep things transparent.

1 - Re: Founders and advisors receiving 10%
(Remembering I am not a founder) Would it not be fair for some people who had large followings to bring a community together to be compensated or is that not seen as some sort of value, and if not so why?

2 - Re: Advisors = Grifters?
Could you mention the accused and potentially the scenario that deems them so?

3 - Re: easy cash grab for what was supposed to be a community thing
GTC is giving 50,000 tokens, and the community is getting something in return, where we initially (or at least I) didn’t expect anything. Perhaps you’re referring to some other aspect of the token allocation, could you clarify?

4 - Re: Want to know what a real fair community driven token launch looks like [graph]
Could share the token that this the graph is referring to and in your opinion do you believe the community is thriving?

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This person created their account 10 hours ago, the same time they posted this comment, and has not participated in any of the community discussions, building, or voting up until this point, and I’m also wondering if they are even a member of the DAO.

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Agree, they could very well be a troll, but trying to give this person the benefit of the doubt knowing that the forum is open to the public and, from my understanding, they don’t need to be a member of the DAO to chime in on topics.

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Would it not be fair for some people who had large followings to bring a community together to be compensated or is that not seen as some sort of value, and if not so why?

I was not aware that Developer DAO was a way for its founders to monetize their audience on social media. I am not surprised though as this is not the first time this has happened. If I wanted to join a fanclub, I would have done so, DAOs are not fanclubs to make twitter users with big following richer.

Could you mention the accused and potentially the scenario that deems them so?

iykyk

Perhaps you’re referring to some other aspect of the token allocation, could you clarify?

I’m talking about people receiving 10% for deploying a basic OpenZeppelin contract and monetizing their audience.

Could share the token that this the graph is referring to and in your opinion do you believe the community is thriving?

I’ll let you google “fair launch”.

And no, I’m not a troll, just not a fan of what’s happening here so I’m stating my opinion as that is what forums are for I suppose.

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I can point to months of effort on my part in building D_D, launching the development guild, launching our RFCs initiative, coordinating efforts to help multiple open source community projects get started, etc.

Does that mean I deserve 0.5% of tokens on launch and another 0.5% over 2 years? I’d like to think so, but I’m open to having that discussion.

I can point to months of effort on the part of many others in building D_D, creating a vibrant community, participating in guilds, teams, and other groups to help make decisions, build our wiki, launch open source projects, etc.

Does that mean they deserve an additional portion of 10% of tokens compared to someone who has only held a token but not participated in any way? I’d like to think so, but I’m open to having that discussion.

What I don’t see is how any reasonable person who has been even slightly involved in the community up to this point could come to the conclusion that all any of us has done is launch a contract and monetize an audience, and that it’s somehow fair that everyone receives the same amount of tokens regardless of contribution and participation.

Can you share something other than an image some guy posted on the Internet 24 hours before you made your first post that justifies the point you’re trying to make here? Can you share some evidence that a distribution of “Community 100%” results in a better DAO than distribution that rewards core team and early contributors? Can you share some evidence that you’ve contributed in some way that entitles you to an equal share of tokens as someone who has been here week after week participating, contributing, etc.?

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The only thing this DAO has produced is deploy a vanilla DAO contract and now an ERC20 contract, this literally takes a minute. Not months of work. Not fooling me.

DAO vault is related to the development of DAO as a whole. Although it is just a simple ERC20 token, after community discussion, since the community agrees that I think it is reasonable, 100% belongs to the community, is not what we want to see, and we can’t even reach a strategic relationship with other DAO (such as GITCOIN). Does this person really have a complete understanding?

I think if @mikehd does or doesn’t have that understanding, ultimately they’re voicing a concern. What the bigger question is, irregardless of any single individuals opinion, is how the broader community feels about these concerns and whether or not they share the same sentiments.

If or if not would just be reflected in the votes.

Regardless of bad or good, opinions and feedback are there to hopefully give perspective.

I mean I appreciate the feedback and concerns @mikehd, maybe not the way I’d present them (everyone has their way), and I agree that things should be questioned, but I think the feedback (at least for myself) just strengthened my vote and decision.

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that’s a good proposal :grin:

Some people just want to get the profits of NFT, they choose to sell it immediately, so they can also get the airdrop. People like me who are very supportive of the community feel very sad. I bought NFT from a very early time, but the failure of mint led to the later It’s a very sad thing to be unable to participate in the governance process of the people, and you don’t seem to have a solution for this.

The proposal looks amazing. Just a couple of thoughts:

  1. To increase the percentage of partner’s share and use the excess share to onboard more advisors who can add more value to the overall Developer DAO model. This could contribute to onboarding more individuals with experience and exposure to onboard and assist.

  2. Do a sub-categorization of the Treasury of the DAO into:
    a) Rewards for contribution to the people who are onboarded once the tokens are distributed and the DAO starts to function. (I suggest 15%)
    b) Treasury Swaps: These treasury swaps with other DAO’s and projects will enable building and diversifying our treasury and this way deleveraging the risk and adding more value to the CODE tokens. These swapped tokens will give 3 benefits:

It will give us governance in other relevant treasuries and help the DAO with more power.
It will help in expanding the treasury and also deleverage the risks of having the complete treasury in one token. Once these governance tokens could be lent, it would earn passively for the DAO.
It will enable more interested DAO’s to work in collaboration with us and hence this would help us leverage their network and expertise just like the Gitcoin one. (I suggest 20%)
Operational Expenses: (I suggest 10%)
Others (5%)
Having a clear demarcation will help the DAO in budgeting and also help with more focused decisions.

Happy to elaborate and help more on this!

My Twitter: @Crypto_wildwest

very excited for this :slight_smile:

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