Founders DAO

A Win-Win Proposal for Founders DAO Holders After 4 Years together

A bold step to reward loyalty, ignite community, and close a chapter in style—Founders DAO’s final act awaits your vote

Created Date: March 21, 2025 Authors: @Scoot, @Aeron Implementers: Multi-sig Committee, Development Team, Artists (TBD), Event Planning Committee Location: Las Vegas, NV, and the Ethereum Blockchain Goal: Deliver value to Founders DAO (FD) members by distributing $GG tokens to holders and hosting the first-ever FD in-real-life (IRL) community event.

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Summary of Proposal After four years, this proposal aims to reward FD token holders with $GG token distributions and a unique IRL experience, while transitioning the DAO into an informal community club. Here’s how:

1. Treasury Allocation for $GG Token Support Allocate 15 ETH from the treasury: 5 ETH to be added to the Camelot Liquidity Pool (LP). Funds are to be added to LP within 7 days of the proposal passing 10 ETH to market-buy $GG tokens in 1 ETH weekly purchases over 10 weeks, following the distribution of $GG Token Pods.
2. Creation and Airdrop of DISTRO NFT Hire an artist and developer to create a “Founders DAO Distro” (DISTRO NFT). Airdrop one DISTRO NFT per FD token held to all PVFD holders within 30 days of the vote passing, with 7 days’ advance notice via the FD Twitter/X account for snapshot preparation.
3. Options for DISTRO NFT Holders DISTRO NFT holders can choose one of three paths: Option 1: IRL Event Access Redeem 6 DISTRO NFTs for an “IRL NFT,” granting access to a Las Vegas community event (tentatively August–October 2025). Option 2: $GG Token Pod Redeem any number of DISTRO NFTs for a “$GG Token Pod” NFT, which drips $GG tokens over 2 years (proportional to DISTRO NFTs redeemed) on a per-block basis. Mechanics to be finalized with San Leo. Option 3: Do Nothing Retain the DISTRO NFT without claiming either benefit (forfeits both options).
4. Key Deadlines and Details Snapshot Date: March 21, 2025 (must hold at least 1 PVFD and vote YES to qualify for IRL event). Airdrop: Approximately 1 month after vote approval. DISTRO NFT’s will be tradeable. IRL NFT Claim Deadline: May 31, 2025. $GG Token Pod Claim Deadline: July 15, 2025. $GG Drip Start: On or around August 1, 2025.

Token Mechanics: Market-bought $GG (10 ETH worth) will be burned. LP (5 ETH) will be locked and burned. Unclaimed $GG will be prorated among $GG Token Pod claimants. $GG Token Pods will be tradeable post-drip.

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IRL Event Overview: Las Vegas Community Gathering Purpose: Transition Founders DAO into an informal club, reduce legal overhead, and unite members for a memorable IRL experience after nearly 4 years of online camaraderie. Location: Las Vegas, Nevada Timing: Tentatively August, September, or October 2025 (exact dates TBD by committee). Duration: 3 days, 2 nights Event Goals: • Bring together FD members to share meals, experiences, and memories. • Utilize the DAO’s remaining liquidity (110 ETH) for community benefit. Draft Itinerary (Subject to Change): • Day 1: Arrival, cocktail hour meet-and-greet, group dinner, and optional gambling/fun. • Day 2: Full day of events (e.g., shooting range, supercar experiences, poker tournament, casino tour, nightclub outing, golf, hikes), followed by a second group dinner and free time. • Day 3: Group breakfast buffet, final event, and farewells. Budget: • 110 ETH from the treasury, managed by the event committee for activities, hotels, and logistics. • Funds may cover travel stipends (ETH/USDC) or direct hotel payments, depending on participation. This is not guaranteed.
• Round-trip tickets provided for Avereth. Contingency: If the event is canceled for whatever reason, funds will be returned to the treasury.

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Implementation Details

1. Funding: Remaining treasury ETH (110 ETH) allocated for the Las Vegas event. Funds will be sent to a new multisig wallet within 48 hours after vote passes. The committee can decide to convert the ETH to USDC (or another Stablecoin) if they see fit to properly budget.
2. Event Planning Committee: @Scoot and @Aeron will head the planning committee. And they will have the authority to nominate other members to help as they see fit.
3. Event Scale: Final itinerary depends on the number of participants

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Benefits

1. Increased PVFD Value: Potential floor price rise as members acquire 6 PVFDs for the IRL event.
2. Enhanced $GG Value: LP addition and market buying boost $GG token economics.
3. Decentralization: Further distributes $GG to holders.
4. Community Building: Connects members IRL after years of Discord interactions.

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Drawbacks • Most liquid DAO funds will be depleted, leaving ~13 ETH for final legal fees and dev work. • Non-liquid assets (e.g., NFTs) remain with the DAO, subject to future votes.

Addendum from previous PUNKS proposal (as Requested from San Leo): There was an error made in counting the PVFD’s sent in for punks redemption. The vault needs to transfer back PVFD #4635 to 0x0f73622476e604d34ddf24ef4d709968a264a259 (loltapes.eth), due to a mistake made in the PUNKS redemption proposal.

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Voting Options

1. For
2. Against
3. Abstain