🏛️Governance Mining

(WIP, Subject to Change)

Regarding Phase 2 - Bootstrapping the DAO

Our goal is to launch Spacerox DAO governance as decentralized as possible while keeping the community engaged and entertained. We want community members to see themselves as a part of the project, aligned with the same goals. So, the community should take steps forward and participate in the DAO Bootstrap phase and governance mining and not just blindly follow the core team’s decisions. During this period, we will seek a consensus on all major DAO-related topics.

What is the Bootstrapping phase?

Spacerox DAO’s Bootstrap phase is the preliminary stage of DAO creation. In other words, this is the process when the most loyal and engaged community members get together to establish the future DAO foundational rules. Future tokenomics will be based on the decisions made during the bootstrap phase.

Why participate in the Bootstrapping phase?

The main idea of the DAO Bootstrapping phase is to provide the community with the rights and means to shape the DAO from the very beginning. Community Pass holders will have to participate in multiple governance polls and state their opinions on multiple topics, including how to distribute tokens/NFTs to early participants. If you are going to mint a Community Pass, you have to be ready to participate actively in the decision-making.

What will we be doing during the Bootstrapping phase?

Create, discuss and vote on proposals to define the future DAO structure and ground rules.

What topics will be discussed during the Bootstrapping phase?

Based on research of a number DAOs, there are several important topics that define a DAO, and they are essential:

1. Governance and Decision-Making processes 2. Organizational structure and rules 3. Revenue Sharing and Tokenomics 4. Community tasks, goals, and metrics

All these topics need to be discussed during the DAO Bootstrap phase in workshops and Discord, then formed into proposals to be voted on. Decisions made by Community Pass holders at this stage will form DAO ground rules and mechanics.

Where will discussions take place?

The main communication channel is a private Discord channel for Community Pass NFT holders.

Discord — http://discord.gg/f9gVBxajDb CollabLand bot for verification available at #collabland-join channel. You have to press a blue "Let's go!" button and follow provided instructions.

How will we be making decisions?

During the DAO Bootstrap phase, the community will be provided with tools for proposal creation (Discourse) and voting (Snapshot).

The voting process will be off-chain Snapshot-based. Only NFT holders will be able to participate in the voting. The Snapshot instance will be launched once the NFT minting process is done.

To make the governance process effective, the following is proposed:

• Initial discussion and temperature check on Discord in a form of emoji voting

• Based on the discussion, the community publishes a formal proposal on Discourse.

  • Once the draft proposal is published, there is a 3-day period to discuss and leave comments on the topic. Based on this discussion, the proposal is amended.

  • The updated final proposal gets published for voting on Snapshot. The voting period is 3 days. At the end of the period, a decision will be made by a simple majority.

Once we find consensus on all major topics, we will announce the DAO Phase 3 launch date. The current expectation is the end of February 2023.

What if people sell the NFTs? Will their new owners be eligible for the Bootstrap phase?

NFT holders can vote and participate in the DAO Bootstrap phase. Multiple NFTs in a single wallet won't add up your voting power. 1 wallet with an NFT has 1 vote in the Bootstrap phase.

What about Buying/Selling Community Pass NFTs on Marketplaces?

Opensea and MagicEden collection pages will be available soon after minting starts.