SeizerDAO

This is a proposal to alter SeizerDAO’s initial token launch and auction schedule to accommodate our growing community at the genesis moment of our DAO.

As SeizerDAO has launched, we’ve had a stream of new community members from the 6529/OM community and some OG members having missed out due to ArtBasel Miami coinciding with mint week.

The DAO WhitePaper had set out an initial token sale of 50 tokens at 0.2E along with a weekly token launch schedule to kick-off right after.

WhitePaper link: https://mirror.xyz/0xB10D617109342926fC845DD6943e5E86c88fa4Cc/sFmt5Wyy_tXvJxsopvfd4n7hS_cVDKq4hzHyEDd3I8M

After debates in the community Discord,we created a poll to guage interest, below are the poll results:

Here are 3 options proposed by the community:

Option 1: The 6529 Approach

Additional token supply: 15 tokens Minting Period: 24 hours Mint Price: 0.2E

Allowlist all members in discord who have sent their address in the #daotoken-mint-address channel at the time of the release of this snapshot proposal.(6 PM EST) Announce mint time and website announced 24 hours in advance. Only for new members to join, existing members can not participate. Weekly Auction will begin after all tokens are minted out or the minting period ends.

PROS: Non-subjective and unbiased Equal chance for all The 6529 way. Currently being utilised for Meme Card drops. Additional raise of 3 ETH to the DAO treasury

CONS: Some members will still miss out Possible small gas war If overestimated demand, can impact future issuance

Option 2: Temporary Accelerated Auctions

Additional token supply: 14 Tokens Minting Period: 2 Weeks Reserve Price: 0.2E

As per the whitepaper, the DAO will have a weekly token auction as an issuance model. This approach will modify this schedule for a proposed period of 2 weeks of daily auctions. Daily Nouns-style auctions for a period of 2 weeks after which the cadence will reset to the original schedule of weekly auctions. Anyone, including existing dao token holders can participate

PROS: Allows market dynamics to flourish Equal chance for all Chances of increasing treasury in the short run

CONS: Some community members will still be priced out

Option 3: No Change

Additional token supply: N/A Minting Period: N/A

Stick to original issuance plan as per Whitepaper Kickstart 1st Weekly Auction.

PROS: Sticks to original vision Avoids complexity Allows market auction dynamics to flourish CONS: Both new and old community members will be left out of the initial allowlisted sale.

Additional Considerations: We should also vote on the fact that this is a one-off extraneous event happening at the time of the DAO’s Genesis and is not to be repeated again. The WhitePaper lays out the issuance schedule as below: A weekly new addition to seizerdao through a token auction in which all funds go to the treasury and are used for DAO initiatives or acquisitions. These auctions will initially be for a period of 1 year, beyond which, the DAO can vote on continuity or explore other models. Thus, at the end of the first year period, we will have a fresh proposal being voted on by the DAO with regards to future issuance. Regardless of whichever option that is chosen, we vote to not deter from this for the period as set out in the WhitePaper.