FIREDAO FUND ALLOCATION OVERVIEW
The RainbowCity Foundation serves as the initiator of FireDAO. Before the complete issuance of FDT, the ecological revenue allocation is managed by the RainbowCity Foundation and not distributed to the ecosystem. After the full issuance of FDT, the revenue generated by the FireDAO project and submitted to the RainbowCity Foundation Treasury will be allocated based on the following principles, with possible adjustments based on ecosystem operations.
RainbowCity Treasury Revenue Allocation Principles:
1. RainbowCity Foundation Vault:
— Automatically receives 15% of the fund, managed by the RainbowCity Foundation to support the construction of the entire RainbowCity ecosystem. No community announcement is required for fund usage.
2. FireDAO Community Vault:
— Automatically receives 15% of the fund, owned by the community and initially managed by the RainbowCity Foundation. Community usage must be publicized. Future usage direction will be determined by community governance DAO through voting.
3. FireSeed Labs Vault:
— Automatically receives 15% of the fund, exclusively owned and used by the FireSeed Labs team. No community disclosure is required for fund usage.
4. Community Ecological Operation:
— Automatically receives 10% of the fund, mainly used for community ecological operation. In the future, it will be authorized for use by 12 guilds established by the community to promote ecological development and operation. Before FDT launch, this share is managed and used by the RainbowCity Foundation.
5. Buyback & Burn Fund:
— Automatically receives 5% of the fund. DAO members with 100,000 FID reputation points can freely utilize this fund for FDT buyback and burning, earning rewards. The fund is divided into two pools: real-time buyback pool for normal buyback and burn, and emergency buyback pool triggered when FDT price drops by 20% in a day. Before FDT launch, this share is managed and used by the RainbowCity Foundation.
6. FDT Liquidity Fund:
— Automatically receives 15% of the fund, used to repurchase FDT from the market, form an LP, and inject it into the liquidity pool of the WETH/FDT main trading pair, enhancing liquidity. Before FDT launch, this share is managed and used by the RainbowCity Foundation.
7. FLM Liquidity Fund:
— Automatically receives 5% of the fund, used to repurchase FLM from the market, form LP, and inject it into the liquidity pool of WETH/FLM main trading pair, increasing liquidity. Before FDT launch, this share is managed and used by the RainbowCity Foundation.
8. Citynode Promotion Competition Fund:
— Automatically receives 5% of the fund, used for a competition with weekly, monthly, and annual rankings. Top 49 winners in each ranking receive rewards based on allocation ratios of 50%, 30%, and 20%, respectively. Winners must meet minimum point standards to qualify. Unmet points enter the incentive pool for the next cycle. Before FDT launch, this share is managed and used by the RainbowCity Foundation.
9. FireSeed Promotion Competition Fund:
— Automatically receives 5% of the fund, allocated to a competition with weekly, monthly, and annual rankings. Top 49 winners in each ranking receive rewards based on allocation ratios of 50%, 30%, and 20%, respectively. Winners must meet minimum point standards to qualify. Unmet points enter the incentive pool for the next cycle. Before the promotion competition launch, this share is managed and used by the RainbowCity Foundation.
10. Ecological Revenue Incentive Fund:
— Automatically receives 10% of the fund, awarding funds based on the weight of SBT-001. Users with FID Reputation scores of 100,000 can execute the contract every 24 hours to claim token rewards. Only users with 100,000 SBT-001 are eligible for incentives, encouraging higher SBT-001 holders to receive more rewards. Users with lower SBT-001 must work harder to meet the minimum standard. Before FDT launch, this share is managed and used by the RainbowCity Foundation.
RESOURCES
https://www.firedao.co/
https://www.firedao.co/fdpapercn.pdf
https://www.firedao.co/fdpaperen.pdf
https://twitter.com/FireDAOlab
https://www.tiktok.com/@firedaoofficial
https://www.youtube.com/@FireDAOlab
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Janus23
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3528981
Wallet address: 0xc5df5839c467b2d7A69f461979255443A8637955
