CityDAO

Summary:

Over the last 8 months, the Core Team laid groundwork for CityDAO - including acquiring Parcel 0 and setting up the legal infra for CityDAO LLC, Parcel 0, and the land drop. As we decentralize operations and welcome the council, this proposal seeks to reward contributors upon success criteria like the Parcel 0 Launch and Operating Agreement. This proposal grants 281 out of the 2,000 reserved contributor Citizen NFTs for core team members.

Background:

At the outset, 2,000 NFTs were set aside for core team members, contributors, partnerships, awards, and bounties. There has been no consistent ongoing rewards for core team and contributors. Rewards were issued sporadically, so we propose the following adjustments. This issues a one time compensation event that represents the work the core team, contributors, and more recently council has done over the past 6 months of DAO existence.

Rewards shall be issued in full upon Success Criteria below being met:

• Parcel 0 legal docs complete (conservation agreement or NFT holder agreement in place)
• Parcel 0 land drop executed on
• Operating Agreement is instituted for CityDAO LLC

Rewards authorization:

https://docs.google.com/spreadsheets/d/11ggKvbou9MLWBfFP-B_sVPYVxXKVqNGv-3MZLPn3SLY/edit#gid=0

Currently, no ongoing rewards are authorized and ongoing comp will be handled in a separate proposal.

Notes:

• These rewards are not vested since they represent rewards for 8 months of prior work. Future comp will be vested.
• This proposal is meant to replace all prior rewards, including mandating the return of NFTs in some case. There was some NFTs previously issued explained in this spreadsheet compiled by Alex who audited the NFT outflows.