The BLNK token serves as the governance token and social currency for the BLNK Collective DAO, enabling members to vote and influence the development of the collective and the NFT project. You can read more about the BLNK Collective here.
The BLNK Collective DAO will be formed to govern and manage the collection by the community. Voting power and ownership claims will be distributed in the form of the $BLNK governance token on the Polygon network. Polygon was chosen to make blockchain interactions as accessible, cheap and eco-friendly as possible, in turn lowering the barrier to entry for newcomers and veterans alike.
The total maximum supply of $BLNK is set to 10,000,000 tokens.
Contract: 0x9FcC320cB40b141887F36343DE231493c60A3135
The verified contract can be found here: https://polygonscan.com/address/0x9FcC320cB40b141887F36343DE231493c60A3135
The token will allow us to vote on proposals ranging from artist invites, new partnerships, artwork exhibitions and promotions, as well as DAO roles and responsibilities.
Some of the most important votes will include multisig-signer roles and access to the NFT smart contract for minting and maintenance purposes.
Token ownership will furthermore be tied with certain roles and access management within our community Discord server and other future platforms, and could be used to restrict or enable access to other upcoming collections or partnerships.
Going with a token instead of a membership NFT gives us the opportunity to grow organically and distribute fractional ownership and voting power between all members. By enabling members to freely distribute any amount of tokens in their possession, we create a truly invite-only system in which every individual member has a say in the growth of the community.
Beyond ownership and voting power, this additional utility turns the $BLNK token into a social currency through which we can reward individual contributors on a granular level while maintaining the freedom to be as much or as little involved as they choose.
In contrast to many NFT and DAO projects, BLNK Collective is set up for slow, long-term organic growth. The $BLNK token will only be acquired through invites, contributions and member-to-member distribution.
There are no official $BLNK liquidity pools or token sales planned at this point in time. This serves to further disincentivize speculation or any expectations of profit. It means that nobody can simply buy up a significant amount of voting power in one go, provided members don’t voluntarily put their tokens up for sale. This also serves to provide an inherent protection against “rugs”, as the DAO will only hold the funds received from sales and royalties to keep the minting process self-sufficient.
We aim to create value for and not profit off of our members and community.
We want your vibes, not your wallets.
The BLNK Collective Discord is open to anyone who wants to join us on our journey. Some of the channels will be accessible to token owners only, so that members and artists can chat amongst themselves. In order to unlock those channels, members will need to verify their wallets using our CollabLand Bot.
There will also be additional roles that reflect other aspects of the membership, including but not limited to collector status for those who own an Unknown Connection NFT and specialized roles reflecting the representative status of individual members.
The only way to become a full member of the BLNK Collective is by acquiring tokens that unlock your access and voting power. This can happen in many different ways:
Initial token distribution and artist invitations by the DAO
Artist rewards for Unknown Connections NFT contributions
Mission & Squad rewards for valuable contributions to the community
Getting invites as an Artist or Ambassador through community votes
Existing members sharing the appropriate amount of tokens
Artists and Ambassadors using their token rewards to invite their followers
Beyond that, everyone is invited to join the Discord and stay up to date on this project.
As we’re just starting out, new members and artists will be invited manually into our collective, with the goal to gradually turn this into a more organic process. The bigger we grow, the easier we want to make it to join and apply to participate in the NFT project and DAO as a whole. As such, some aspects are under construction and will be changed along the way.
If you are interested in participating with your art, or just want to check out the project and come along for the ride - follow us on Twitter and join our Discord!