BLVKHVND

Joining of the HVNDs Membership Initiative

As BLVKHVND continues to evolve and develop into a professional esports DAO competing on the world stage, it’s important to recognize that there are two separate divisions of the HVND, the OG HVND and the NFT Acolytes.

BLVKHVND understands that both these divisions are equally significant and vital to our success, as each has their own separate members, treasury, props, strategies and profits. But supremely both are heavily committed to growing our brand through “Culture at Play”.

The challenge we are now faced with is, how do we effectively combine the two to become one, which will enable BLVKHVND to grow its strategic operations to transform into a greater force and ultimately positioning BLVKVHND to be the pioneers and leaders who continue to set the professional benchmarks for other esport DAOs to follow.

It’s imperative that we acknowledge that the OG HVND are our legacy members, the initial OG holders who participated in our crowdfund are the true owners of the OG HVND treasury and this should never change. This is why it’s not only paramount no value is extracted from the OG HVND treasury in merging the two communities, but it’s critical we ensure that the OG holders early investment into the HVND remains protected.

The Joining of the HVNDs membership initiative is an opportunity where we can not only provide both protection to the OG HVND treasury and its legacy members, but introduce a real membership program into BLVKHVND for any successful winner from our NFT acolytes auctions.

This will become the new pathway and membership entry for all new people wanting to join the BLVKHVND family and to become an OG holder.

History of the HVNDs

Previously, I wrote about the differences between the NFT Acolyte and the OG HVND and the complexities in merging the two communities where both are able to enjoy the shared benefits from both treasuries.

HVND SU (vain) OP — 20/01/2023 08:07 Off the heels of deploying NFTs through nouns builder, I wanted to address how our og $HVND (erc20) token works and how value is derived from it. To avoid confusion we’ve separated the $HVND NFT token from the $HVND Crowdfund token and also due to the constraints set forth from the Nouns Builder contract.

To best explain the differences, I’ll speak to three areas: ownership, value accrual, and governance.

$HVND NFT For those who participate in the daily auctions, you are purchasing a membership to BLVKHVND, granting you ownership of that contract’s treasury. The purview of what the community votes on is aligned with the brand principle of making BLVKHVND the world’s largest esports community. Value for members is derived from the auction price, cultural influence, and how the community funds initiatives and subcultures within blvkhvnd. As a member, you can push forth proposals to help drive BLVKHVND in your own image and influence the collective.

OG $HVND TOKEN For our legacy members, the initial OG holders who participated in our crowdfund, and those of whom were able to get $HVND when the token initially had liquidity to be farmed or purchased via DEXs, you are owners of the treasury set forth by BLVKHVND prior to the inclusion of the $HVND NFT memberships. This treasury currently is responsible for our partnership with Nouns Esports, year 1 tournament earnings, staked Parallel assets, $PRIME token, $SAFE token, as well as our year 1 sponsorship with Zora, and our partnership with ParagonsDAO. Other value accrued to this token will stem from platform fees from project STADIUM and emerging liquidity models in the near future. As a member, current governance has historically been done through Snapshot, with many responsibilities made by the core team.

Now that you know the differences, here is our plan for year two and how to build a bridge between both communities:

We recognize that the nouns Builder contract creates a governance model that is far more accessible and transparent than Snapshot. The drawback is that the current contract doesn’t enable us to manage any other asset other than ETH for the time being. Therefore, it doesn’t make sense for us to port our entire OG treasury over. However, with your help as community members and the work we’ll continue to do with our Zora and Paragon partners is to find the best way to create that blend over time.

Proposal

The proposal is for the NFT Acolyte treasury to purchase 1 ETH of HVND tokens from the OG HVND treasury. These tokens will then be used to fund the Joining of the HVNDs membership initiative, where we reward successful auction bidders from the NFT acolyte auctions. The number of NFT acolytes the successful bidder holds at the time of the auction, will act as multiplier and this will increase the value of HVND tokens they receive as a reward.

As a show of appreciation for their early pledge to the HVND, all previous successful auction bidders will also receive rewards to be paid retrospectively, including any multipliers that they are entitled to (see Rewards Program).

The OG HVNDs will also receive the added benefit of swapping their HVND tokens for ETH which currently drives high market value and can be used for better investment opportunities to grow the OG HVND treasury.

Rewards Program

The concept is to purchase 1 ETH of HVND token at approximately .07c, which is approximately 27,000 HVND tokens. These HVND tokens will be utilised to fund the reward pool where payments will be distributed to successful auction bidders using one of the proposed three models set out below:

Retrospective Payments and Runway

The snapshot taken at the 142 NFT acolyte it identified we have only had 108 proceed to auction. Retrospective payments would need to be made to previous auction winners and the below will show what payments are required for each of the three proposed models:

The initial purchase of approximately 27,000 HVND tokens will ensure there are enough HVND tokens to make the retrospective payments, as well provide sufficient runway for the rewards program to continue to XMAS 2023. It is forecasted we will require 9,000 to 12,000 HVND tokens to fund the Joining of the HVNDs membership initiative up until XMAS 2023, this date has been chosen as this is our one year anniversary for the NFT Acolyte pledge.

Other Initiatives and Incentives

To assist with the implementation and growth of the Joining of the HVNDs membership initiative, 9,000 HVND tokens from the initial purchase will be set aside to be used to fund prizes for our community events and competitions that focus on the BLVKHVND theme “Culture at Play’'. Other strategies will also be funded via the NFT Acolyte treasury under the current Nouns proposal framework.

This will be directly targeted at onboarding new members into our HVND community and further strengthening our grip on global dominance and our pursuit to being the leading Web3 Esports DAO.

ROADMAP [proposed]

Currently, our first incentive design is our “CULTURE AT PLAY” mint roulette where minters of our “not as sickly” NFT by carlosknowsnot are entered in a weekly draw to earn HVND Acolytes, merch, game assets from our friends [parallel], among other prizes to be announced.

More info here: ONCHAIN SUMMER ROULETTE

Management of the Rewards Pool

Upon completion of the purchase of the HVND tokens, they would be deposited into a multisig (“the reward pool”) to be controlled by two core team and one NFT acolyte member who are responsible for processing the reward payments.

The HVNDler will be responsible for overseeing all functions of the Joining of the HVNDs membership initiative and is responsible for coordinating all transactions from the reward pool.

In addition to the above, the HVNDler will be required to update data from the auctions, maintaining accurate records for rewards payments and organising the monthly transaction of payments to be paid to members.

Once the initial transfer of HVND tokens have been made into the multsig, the transactions will be initiated to process the retrospective payments.

All future rewards will be paid monthly to the successful NFT Acolyte auction winners.

Funding

To ensure this prop can be effectively and efficiently delivered we are asking for 1.75 ETH from the NFT Acolyte treasury to be distributed as per the below:

• 1 ETH to purchase HVND tokens from the OG treasury to be fund the Joining of the HVNDs rewards pool;
• 0.5ETH to cover administration such as gas on transactions for the reward program
• 0.75 ETH to be paid to HVNDLer to setup and manage all the ongoing administrative functions of the Joining of the HVNDs membership initiative.

Governing Members:

• sirsu.eth
• uselesscrypto69 [HVNDler] (0xaf2fea8278222a8ab0f98a6386dcbe48b746942d)
• blvk0ut.eth
• [two additional community members]