CRE8R Distribution Proposal

Title: Token Initial Distribution
Proposal: Start giving out some tokens
Date Created: 9/30/2021
Date Posted: 09/30/2021

SUMMARY

This is a proposal to distribute some CRE8R tokens.

BACKGROUND

*In order to get whitelisted for Bancor LPs, we need to have the token distributed somewhat. So I would like to propose some.

*Some Cre8rs are concerned about the tax implications of distributing tokens post assignment of value.

*Some Cre8rs have done a lot of admin, and marketing, work that has gone unrewarded.

MISSION STATEMENT

I’d like to get the ball rolling on handing out some of the tokens.

SPECIFICATION

The $CRE8R token has a max supply of 88,888,888

The proposal is to allocate 8,888,888 tokens (10% of the MSup) for immediate and later distributions.

25% of the 8,888,888 to the Multisig.

  • They have been here since the start.
  • They have done many things to take us where we are today.
  • {insert your validations, or conflict below}

If this is to pass, that would be 2,222,222 tokens or 370,370 (rounded) each

70% of the 8,888,888 to the F100 NFT holders

  • They have earned their place in the DAO
  • They will continue to partake in further projects
  • We won’t need to add CRE8R tokens to individual Circles
  • {insert your validations, or conflict below}

If this is to pass, that would be 6,222,222 tokens or 62,222 (rounded) each - Many of these will remain in the treasury until all F100 NFT have been given.

5% to the people that have been active in the discord channel proportional to their activity. Dunks can explain this better than me.

  • These people are also the dao, and they deserve compensation.
  • This will help us solve the issue of wallet count being too low for Bancor
  • People that have ghosted the discord, will not fill in the form to be added to the airdrop list.
  • We COULD consider this also a way to recruit more to the discord, but I worry about this.
  • {insert your validations, or conflict below}

If this is to pass, that would be 444,444 tokens or assuming 620 members 717 (rounded) each

Some issue with this

  • we cant put these token on vesting if we want to achieve Bancor reqs
  • Some discord members are much more active than others, and this can be solved with dunk’s metrics (@dunks)
  • That’s 8,888,888 USD, assuming 1 CRE8R = 1USD. Wow…Dump?

Comments
Comments that go contrary to this proposal and get enough :heart: (3? 5?) will cause me to edit this.

PROPOSER BACKGROUND
:sandwich:

1 Like

I too am worried about airdropping to all 620 discord members. I’d say there are probably under 25 of us who are truly active in the DAO.

It’d actually make more sense to drop tokens to people who have participated in weekly meetings (these are long grueling meetings, often 2+ hours, sometimes longer if people stay back for more discussions).

2 Likes

what if we reduce the allocation %. the idea is to get it spread out a bit. but yes… 5734 is quite a bit

yeah agree, 1/10 of that amount for random people in our discord seems fine.

Above comments edited in!

looks good to me. True (and sad) that less than 20 pple in the discord are active.

1 Like

I don’t really understand all this stuff, but commenting because it’s needed.
I think you know what you’re doing so I’m cool.

The airdropping might be an issue because also BOTs are members too

2 Likes

Smart…I didn’t discount the BOTs… but my number for Discord Airdrop is an estimate.

1 Like

I’ve seen examples of air drop when the answers can only be found by humans doing a little bit of effort to find. Maybe can implement that to possibility of bots

Set 20 questions, randomise it so that each person must answer 5. Need to get it correct to be eligible for airdrop. We can use it as a filter to investigate further.

1 Like

dunks has something that will help us filter this… some engagement metrics

1 Like

Another thing I think is worth discussing for us is the F100 NFT allocation

  • Currently the requirement to be in the F100 is by earning $2k or more through participating in Coordinape for 3 epochs or more.

  • This proposal suggests that we allocate 62k+ tokens to each F100 members.

For the OGs who have stuck with us through thick and thin (even when no tokens or extra incentives were offered), this is fine. However, how does everyone feel about new joiners who will receive 62k $CRE8R tokens through the current requirement?

Is our barrier to entry a bit too easy? Why or why not?

This may require another post on Discourse itself for discussion but I’m posting it here because we’re also discussing the amount of $CRE8R tokens that will be set aside for F100 members.

3 Likes

Hmm good question. Perhaps time is a better indicator of involvement. In a busy period, 3 epochs can really be just 1 month run simultaneously.

What kind do people do we want in? I can list out some characteristic:

  1. willing to put in more than take out
  2. willing to stay in for the long run
  3. willing to get hands dirty
  4. share similar visions

Perhaps we can put in a minimum time of 3 months. The reason is that all the good and bad can be seen in 3 months time. Or maybe a person have to seek a minimum of 8 F100 members to vouch. This will eliminate the issue of a wrong fit.

This means that I would have failed to be an immediate F 100 member by criteria. But I hope I have gained enough social capital to be accepted as part of the F100 by 8 other members

3 Likes

This is gold, RA!

Love those characteristics you listed. These are for sure the types of CRE8RS we would love to have in our F100!

Personally I have been researching and reading about DAOs. Somewhere I read that ‘culture is more important for DAOs than it is for traditional organizations’ and that was a big ‘AHA’ moment for me. We can discuss strategies, tools that we use (ie. Coordinape), better organizations, etc all we want but ultimately DAOs are made up of people, and ‘culture’ dictates how people behave.

I love the idea of ‘minimum 3 months of participation’ or ‘minimum 8 F100 members to vouch’ criteria.

I can aid on the research for DAOs, lol

Been doing enough summaries about podcasts on DAOs to give a good macro view of what are the best practices of DAOs. Mainly by Cooper Turley.

Think I can start a thread on what makes a good DAO and we can all contribute ideas. I think we first need to define a culture we can all identify with. All these seem frivolous and airy fairy, but I think it is as important as the foundation of a building. It guides our actions because we can all look at these values to check.

4 Likes

Will reach out to you via DM about those DAO related podcasts! :star_struck:

A thread would be awesome! Also, this is basically work we will be contributing to the ‘vision’ part for the initiative that Dunks set up: ‘Vision/branding/Marketing for CRE8RDao’.

LFG!!! :muscle:

See this too: F100 Rights Rules and responsibilities + Token distribution

I think these work together…

1 Like

All your ideas from today meeting were spot on. Personally I don’t think distributing the tokens in one go will be effective and some will just cash out. Dripping sounds good, a vesting period as well, or even a progressive monthly unlock 10%/20%/30% etc.

One thing that I was thinking when you said that “outsiders” will not be interested in CRE8R tokens, what if we make them to be interested? What if clients will get a discount for a CRE8R content package when holding a certain amount of tokens?

To address the new F100s … we can add them to vesting for sure. it would actually probably be better to do so as they can claim tokens when they feel its tax appropriate.

I do think that RA has a good point an time in is just as, if not more, important than $s earned

Regarding this… the reason, the few of us that talked this, decided against this was that we don’t want to make it a burden for clients to pay. and its the same thing if they pay us and we buy the tokens with their money. we have more control this way too.

also, the LPs need to be deep so when they buy them there isn’t much effect. so this can be explored later

2 Likes

Yes, I think you are right. Make sense now when reading your comment