Moonbirds DAO – A $ 2.6 million community governance project

The list of collection of NFT “promising” is as long as their actual numbers decrease once the initial excitement subsides. With a few emblematic projects remaining at the forefront of this ever-changing scene. And a market in free fall from its last all-time high in January of this year. The opportunity for some to rethink their internal dynamics in order to support an ever-present community. As in the case of the project Lunar birds they announce the next implementation of a DAO.

fashion is Decentralized Autonomous Organizations (DAOs) in the cryptocurrency sector. Structures designed to manage projects or investments in a transparent and community way. But sometimes simple investor clubs with more than questionable managementin any case as regards the ideological presuppositions that should animate its implementation.

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Whatever, this option seems to become the norm when it comes to iconic NFT projects. Because it’s under the cover of an Apecoin DAO Yuga Labs launched – without being officially linked to it – the APE cryptocurrency in connection with the Bored Ape Yacht Club (BAYC). A way to avoid accountability to regulators? In any case, this is the choice that the structure has just made. Test collective at the origin of the collection Lunar birds. Explanations …

Moonbirds DAO – An endowment of $ 26 million

The announcement was made public yesterday (October 3) on the official Twitter account of the NFTS Moonbirds Collection. A decentralized autonomous organization (DAO) should be established by the beginning of next year.. With the main goal of “enabling creatives to advance the ecosystem, reputation, tradition (and memes) of Moonbirds”.

And, to accomplish this mission, a check in the form of$ 2.6 million war chest donated by Proof Collective. The latter distributed in the form of $ 2 million in cryptocurrencies ETH and the rest in copies of Moonbirds. The latter come from Proof Collective’s private collection for $ 100,000 (7) and scheduled redemptions of up to $ 500,000 (approximately 37). But that is not all…

To provide ongoing support to his DAO, 35% of the royalties from the secondary sales of Moonbirds and Oddities will accrue to him in the form of ETH. Additionally, any additional tokens or NFT airdrops will go to the DAO treasury. “

Lunar birds

Moonbirds – A cryptocurrency slated for 2023

In order to avoid excesses or community power grabs, this Moonbirds DAO it will go through a “cold start” phase. This for allow the Proof Collective structure to veto what are presented as possible “rogue proposals”. But in effect, “the owners of Moonbirds and Mythics can participate and vote on the DAO activity. With a” distribution of powers “yet to be defined before its official launch, scheduled for the beginning of the year 2023.

We doubt this will happen, but we want to put safeguards in place to protect ourselves from attacks until we are comfortable with the voting process.. “

Test collective

An implementation of this DAO Moonbirds which could then correspond on the calendar to the launch of a utility cryptocurrency announced a few weeks ago by Proof Collective. Or even ultimately be the main reason, kind of like the BAYC model above. Because the structure at the base of this collection is not lacking in initiatives and new ideas to give energy to this project. Although at the same time he claims to be aware that ” the world doesn’t need another token to speculate“. On good terms …

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