Introduction
Last updated
Last updated
We are a community of builders and investors creating startups whose profits feed the DAO's treasury pool.
Investment funds participating in seed rounds will probably invest in 15-20 different startups.
If I'm a founder and I get the investment, if I can't scale with the initial investment I will probably fail within the first 5 years.
Generally, 15-20 startups are chosen because at least one is expected to generate enough profit to cover the investment and generate profit.
Founderz DAO wants to replicate this concept to startup founders as well. Through our membership distribution method, we will have the ability to create a community that could create not 15-20 startups, but hundreds or thousands as time goes on.
One Founderz is auctioned every 24 hours, until climate doomsday.
One interface for participating in Founderz auctions is founderz.wtf, which is a website built and maintained by the project founders ('Co-Founderz').
Because of the way Ethereum works, Founderz auctions must be settled after they are completed. The auction settlement transaction does three things: 1. it sends the current Founderz ERC-721 token to the winner of the auction, 2. generates the next Founderz, and 3. begins the next 24 hour Founderz auction.
Our NFTs are Modular and Progressive, find out more at the link down below.
The Founderz DAO treasury receives:
100% of ETH proceeds from daily founderz auctions.
5% fee on secondary sales
>3% startups revenues
Founderz DAO, which is based on Compound Governance, is also the main governing body of the Founderz ecosystem. Each founderz is an irrevocable member of Founderz DAO and entitled to one vote in all governance matters.
Founderz use their voting abilities (remember, 1 Founderz = 1 vote) to direct the treasury. Founderz can create and vote on governance proposals, which execute transactions on the ethereum blockchain when they are approved.
Proposals may cover:
Startup Proposals
DAO Proposals
Read our guide on how to properly make a proposal.
