Goals of currency
- signal reputation, reward contribution / involvement in community
- fund, financially sustain, and grow our local house operations
- allow for governance + other forms of participation
Ongoing questions
- what chain to mint on?
- ETH, Polygon (or other L2), Solana
- how to launch / structure
- ERC-20 or ERC-721 (or hybrid)? is the former necessary, or do we just stick with ecosystem token?
- DAO vs sub-DAO (parent / child contracts)
- how to reward contributors?
- when to reward using NFT vs ecosystem token
- how do you earn them? contributions + bounty from tasks?
- conversion rate between ecosystem token + NFT
- incentivizing do-ocracy
- thinking through harms + benefits of tokenizing contributions
- what do the NFTs give you?
- see bottom for defined use cases for NFTs
- thinking could give a discounted rent price / membership for NFTs but not stays (internal ecosystem tokens)
- do we do “seasons” for NFT? how do we think about recurring revenue for maintenance?
- governance via NFTs? or just via ecosystem tokens?
- what things should be governed vs not (and how do we maneuver non-enforceable contracts): crypto → irl experiences
- NFTs to represent ownership of house? or just general governance + stay
- decoupling paper ownership w/ ownership rights (ownership vs control)
- people probably don’t care if the property is owned by non-profit (owned by “no one”) if they can still access + use the property
- how does this impact psychological ownership + taking care of the space during use?
- earn equity for house — house can then be transferred to stewards to take care of
- NFT / ownership of house and profit sharing
- will likely not have dividends (revenue goes back into collective treasury which is then voted upon to expand into new housing)
- sustaining renovation costs
- how do we support new economies / spaces (subDAOs) to fund themselves?
- new token launch per subDAO?
- exchange / conversion between umbrella / parent org + children org?
- nonprofit vs LLC management structures
- managing home vs owning home
- potential for scaling out for future use cases (we don’t have to prematurely optimize though)
Ramon jam
- just focus on NFT (and make tokens upgradeable)
- maybe do ERC-20 later; contributions can just be awarded through ecosystem tokens (offchain)
- design a governance system, you just select 4-5 people to vote (council, incentivized one way or another)