ZooDAO’s Fair Valuation Community Round B

DAO Proposal 008

ZooDAO
3 min readFeb 17, 2023

ZooDAO is a revolutionary dApp with no competition, and Zooligans, new and old, are beginning to realise the sheer scope and scale of ZooDAO’s dApp. We have an extraordinary opportunity to build and clip our Battle system to NFT and DeFi protocols over the entire EVM space. For this vision to become a reality, we must secure our development budget for V1+. This proposal seeks community approval to free up 2,000,000 $ZOO tokens to sell to the community at a fixed price. The round will provide an opportunity for Zooligans to invest in ZooDAO’s future growth and success while receiving a fair valuation for their investment. Our previous raises have allowed us to build a strong foundational codebase that can be clipped to almost any DeFi protocol on any chain with very few variables, allowing us to opt for a small raise size. Our Community Round B will ensure that that vision comes true.

The ZooDAO team and community have recently enjoyed a growing interest in the $ZOO token, with the price currently over 14c on Sushiswap. However, for new buyers to come in, liquidity needs to be deeper, especially for more significant buys. To address this issue and give the community a fair valuation for a long-term ZOO entry, ZooDAO seeks to put together a community raise at a $6.5m valuation for 6.5c per token. 2,000,000 $ZOO tokens would be sold for a total of $130,000 should this proposal pass.

Buyers in the community round must understand that their bought tokens will be locked for six months and released over a 6-month vesting schedule. However, in exchange for this vesting schedule, buyers in this round would receive an extremely fair valuation and low price per token, usually only accessible to VCs and insiders.

ZooDAO wants to give the community the same opportunities, providing a valuation often only seen by these groups. ZooDAO is unlike many other projects that extract the absolute maximum out of their community while giving them the minimum in return.

We have seen numerous examples of predatory community rounds at $100m+ hidden valuations.

These are sales where the participants and community were burned, of course.

New community members wish to enter a decent position. Still, they are unable due to price impact, and more community members are beginning to understand the scale of what ZooDAO has been building and want to accumulate. This community Fundraising Round B allows supporters to invest in ZooDAO’s growth and success while accumulating a solid position without price impact.

ZooDAO is committed to building something incredible, and the community is our key partner in achieving this vision. The community fundraising round provides an opportunity for long-term believers to support the journey, take their seats at the DAO table, and invest in the future of ZooDAO.

The ZooDAO team unanimously supports this proposal.

Vote here: https://snapshot.org/#/zoodao.eth/proposal/0x957c0b5bf1d7ce2c6c59e4a4dc8f952550d9a191a3358fe6aa4183a7216f3060

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ZooDAO

ZooDAO is the first community-governed platform enabling users to generate yield from their NFTs.