Coordinating Capital as ‘One’
How will the Contribute DAO work?
Dear TRIBe,
we hope to find you well!
Development is proceeding at full steam and we will soon be able to announce the dates for the upcoming TDAO ‘Locked Liquidity Event’. (LLE)
Today we wish to take a further look at how governance for the Contribute DAO will work. Expect even more details soon as we get close to its launch, and to real on-chain governance.
- TDAO holders will own every right to the ecosystem.
- Governance will enable them to deploy their treasury in any way and to change the DAO’s on-chain parameters.
With such powers, members can set-up autonomous strategies, launch new products or forks, boost marketing, rebalance the treasury, invest, distribute profits, activate promotions, add utility, form partnerships and anything that the DAO will set itself to achieve.
Contribute is all about capital coordination and creating value for its members.
Following the launch, you will also learn about initial ideas for Contribute Enhancement Proposals (CEPs) and other incentives and open calls that some DAO members will prepare, alongside plans to potentially assign rewards to the most solid and valuable proposals being approved.
The TDAO Treasury will be the key element to all of this. It has been designed to initially capture value from TDAO’s trading volume, as explained more in-depth here.
The treasury’s #1 goal is to foster development and self-sustainability for the Contribute ecosystem, soon formed not only by TRIB, its base layer, but also by TRIG, for mining rights and TDAO for governance.
Moving forward, new and exciting ways will be proposed with the focus on growing the treasury and creating value for the DAO’s members.
TRIB holders will be able to grab their rights to govern by participating in the Locked Liquidity Event and / or by buying TDAO, starting to trade on its Price Floor (in TRIB) directly on Uniswap after the even will be concluded.
TDAO Governance: The Details
TDAO holders have the right to vote on any proposal that they deem appropriate and beneficial.
Governance will start after 25% of TDAO tokens are in circulation (outside of the TDAO/TRIB Uniswap pool) or 30 days has passed since the end of the LLE event. Whichever comes first.
It will work in this way:
- Proposals will be informally made available in the Contribute Snapshot page in order to gauge community interest. They can be widely discussed on our social media channels.
- If the proposers find it valuable to activate an on-chain proposal, they can do so as long as they hold at least 1% of TDAO’s total supply delegated to them, or in their wallet.
- Votes will require a quorum of 5% and last for 72 hours.
- Any proposal can be vetoed. If a user owns — or is delegated to — at least 1% of TDAO’s total supply, a proposal to stop the previous proposal can start. This veto needs to win with at least 20% of TDAO’s total supply in its support. In this case, the previous proposal is blocked and will have to be rediscussed. The veto vote will last for 48 hours.
What does it mean to ‘join’ the Contribute DAO
Joining the Contribute DAO means being able to deploy its capital and to change meaningful on-chain parameters within the ecosystem.
Members, the TDAO holders, will always have a say and their votes count as much as those of any other holder. They own ALL of the treasury.
Similarly to TRIB, the DAO is permissionless. Anyone can build further on it and/or cooperate with whoever they want. Anybody can ask the treasury for the deployment of funds using a proposal.
TDAO holders can design profit-making strategies, they can offer incentives towards volume creation, they can launch new projects distributing some tokens to the DAO, or even develop proprietary Dapps, and much more.
Contribute is a round table where every member gets a seat.
Running the Basic Needs
To efficiently maintain the DAO, and to best help its orderly progress, some community members will initially prepare a proposal asking governance to employ a small amount of its treasury to cover for the most essential needs.
These have currently been identified as:
- Project and community management and basic organisation, which includes the creation of a standard template for Contribute Improvement Proposals, (CIPs) archiving material and coordinating between parties.
- Web hosting.
- Writing articles and managing the Contribute’s Medium page to be the leading source of informative material about the ecosystem.
- Drafting and managing a detailed list of secondary requirements for the DAO to grow further and thrive.
These will be tasks of various nature: social media engagement, design, marketing, editing videos, exploring and building partnerships, ideating further utility and more. Community members can easily apply to lead tasks that the DAO will offer rewards for. As usual everything will have to be approved by governance. - The creation of standard rules of engagement in community-led work being assigned by the DAO to individuals or small groups.
TDAO holders will be able to discuss each and every proposal in detail, use the Contribute Snapshot for pre-approval, before moving onto on-chain voting.
- We are also happy to let you know that the Uniswap pools TDAO/ETH, TDAO/WBTC and TDAO/USDC will all be whitelisted from the beginning alongside the ‘mother pool’, TDAO/TRIB, where TDAO’s Price Floor will always be in place.
There will be NO FEE on buying TDAO from any of these pools.
…and for today, we are out.
“How to join the capital coordination revolution?”
Easy. Welcome to Contribute.
Catch up with all you need to know:
Contact us:
