Technical Details: Base
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- πΎ Treasury Custody: Funds stored in a Base smart contract. Owner of the DAO has free reign to do as they wish with these funds. They could buy NFTs, invest in defi, or bridge them cross chain.
- π DEX Trading: DAO tokens trade on Uniswap V3.
- π Liquidity Lock: The Uniswap V3 LP NFT is locked until fund expiry.
- β οΈ Emergency Hatch: If an issue is found before Uniswap pools go live, fundraising can be paused and funds refunded.
- Tokenomics: There is an initial supply of 1B tokens. The DAO manager then chooses some percentage of this 1B to get added to one sided UniV3 liq, usually between 10-20%. The remaining of this 1B gets distributed pro rata to fundraisers. Optionally, an additional arbitrary amount of supply may be minted to the team/treasury after this for free.
- Optional Treasury Snipe: Your DAO may choose to snipe some of its own tokens using the treasury. They will get the first buy.
- Public Round and Tiers: Usually everyone gets the same price for the presale, with the initial mcap set to the amount of funds raised. However, on our Base contracts we have the option to set different 'tier levels'. You could choose to do a public sale component where they get in at twice the worse price of whitelisters for example.
- Fund Expiry: At fund expiry (which the DAO manager can extend indefinitely), funds will be redistributed pro rata to DAO token holders. It will be an airdrop based on a snapshot mechanism.
- Whitelisting UX for DAO Manager: Whitelisting is added via a simple form on our UI. You paste in a list of whitelisted addresses for the current tier. Whitelisting occurs in tiers/phases, starting from highest allo to lowest allo. Example: start phase 1 at 1E, whitelist 10 addresses. Only these 10 can contribute max 1E. Lower tier to 0.1E and add 100 addresses, then these next 100 addresses can add 0.1E max. If you miss your tier, you can deposit later in the lower tier at the lower amount. Daos World admin will change the tiers for you, and they can add whitelisters themself too.
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