Nouns DAO

Clients must be approved via a DAO proposal to receive rewards through the Client Incentives Program. We recommend revoking approval of client IDs that are either deprecated/inactive or noncompliant. Removing these clients ensures that the DAO only allocates rewards to active, compliant participants, while reducing tax and liability exposure for the DAO. This proposal updates the list of approved eligible clients by removing confirmed deprecated/inactive clients, as well as those deemed noncompliant.

• Deprecated/inactive clients: These teams have confirmed they no longer wish to operate an active Nouns client ID.
• Noncompliant clients: Rewards paid to non-KYC’d entities create unnecessary tax withholding burdens for the DAO. We made multiple attempts to contact all client owners over the past few months. All attempts at communication with these owners were unsuccessful, therefore these clients have been deemed noncompliant.

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Clients Proposed for Removal

• ID 2: Houseofnouns – Rocketman (deprecated)
• ID 4: Nouns.biz – Joelcares (inactive)
• ID 8: Nouns.gg – Nouns Esports (inactive)
• ID 14: Pronouns – Dot (noncompliant)
  • Rewards status: None claimed since the formation of the DUNA. ~1.24 ETH rewards eligible to claim. Claiming would result in a tax liability of approximately $1,350 USD at current prices.
• ID 15: Nouns Auction – Nekofar (noncompliant)
  • Rewards status: None claimed since the formation of the DUNA. ~0.018 ETH rewards eligible to claim. Claiming would result in a tax liability once $600 USD is claimed.

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If you have any questions, please let us know.

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