Subscribe to Collab.Land
Subscribe to Collab.Land
Share Dialog
Share Dialog
>6K subscribers
>6K subscribers
The Collab.Land Co-op, a DAO, is a community-governed organization to oversee the Collab.Land ecosystem. Membership in the DAO confers the right to submit and vote on governance proposals. To start, the DAO will be in charge of overseeing the Collab.Land Marketplace — an “app store” hosting various miniapps built by developers to give communities more features.
Entry to the Collab.Land Co-op is contingent on two things: ownership of at least 10 $COLLAB and ownership of a Collab.Land DAO Pass (DAO Pass).
In this post, we will explain in more detail what the DAO Pass is, how to claim it, and the mechanics behind it.
The Collab.Land Co-op DAO framework is operated by Origami. Origami’s DAO framework requires that participation in a DAO is not just dependent on token holding, but also dependent on the wallet having a DAO Pass.
Any wallet that has at least 10 $COLLAB can claim a DAO Pass through the following URL: https://app.joinorigami.com/join/258692110553841664
DAO Passes are non-transferable NFTs. A wallet that contains both a DAO Pass and any amount of $COLLAB token is then eligible to participate in Collab.Land Co-op governance. But first there are some important things to know about the DAO Pass!
Any wallet that holds 10 $COLLAB can claim a DAO Pass. This means that technically a wallet with 10 $COLLAB can claim a DAO Pass, transfer the tokens to another wallet, and claim another DAO Pass. Though at face value that may seem like an opportunity to game the governance process, we’ll explain how the DAO Pass mechanics protect against that.
The DAO Pass is non-transferable and cannot be sold. It can never leave the wallet which claimed it. This means that any DAO Pass listed on marketplaces like Opensea will fail if a transaction attempt occurs.
A single wallet cannot own more than one DAO Pass. Only the right to vote is conferred by the ownership of a DAO Pass. The weight of your voting power is determined by the number of $COLLAB you own.
One wallet with 100 $COLLAB has the same voting power as 10 wallets with 10 $COLLAB.
You cannot vote without both a DAO Pass and at least ANY amount of token simultaneously. When a voting snapshot is taken, only the wallets with both a DAO Pass and $COLLAB are eligible to vote.
Even if one member created 100 wallets and claimed 100 DAO Passes with the same 10 $COLLAB, that individual would never be able to exercise more voting strength than the 10 tokens they own.
It's important to understand these clarifications in order to participate effectively and trustlessly in Collab.Land Co-op governance. There is no way to increase your voting power by transferring tokens between wallets and claiming multiple passes. Not only will it cost gas to transfer between wallets, there’s also no benefit that can be gained from minting multiple DAO Passes.
** By understanding how the DAO Pass works and the benefits of its usage, members can participate effectively in the governance process. If you have any clarifying questions regarding DAO Pass or Collab.Land Co-op governance, don't hesitate to reach out to the team: https://discord.gg/collabland**
The Collab.Land Co-op, a DAO, is a community-governed organization to oversee the Collab.Land ecosystem. Membership in the DAO confers the right to submit and vote on governance proposals. To start, the DAO will be in charge of overseeing the Collab.Land Marketplace — an “app store” hosting various miniapps built by developers to give communities more features.
Entry to the Collab.Land Co-op is contingent on two things: ownership of at least 10 $COLLAB and ownership of a Collab.Land DAO Pass (DAO Pass).
In this post, we will explain in more detail what the DAO Pass is, how to claim it, and the mechanics behind it.
The Collab.Land Co-op DAO framework is operated by Origami. Origami’s DAO framework requires that participation in a DAO is not just dependent on token holding, but also dependent on the wallet having a DAO Pass.
Any wallet that has at least 10 $COLLAB can claim a DAO Pass through the following URL: https://app.joinorigami.com/join/258692110553841664
DAO Passes are non-transferable NFTs. A wallet that contains both a DAO Pass and any amount of $COLLAB token is then eligible to participate in Collab.Land Co-op governance. But first there are some important things to know about the DAO Pass!
Any wallet that holds 10 $COLLAB can claim a DAO Pass. This means that technically a wallet with 10 $COLLAB can claim a DAO Pass, transfer the tokens to another wallet, and claim another DAO Pass. Though at face value that may seem like an opportunity to game the governance process, we’ll explain how the DAO Pass mechanics protect against that.
The DAO Pass is non-transferable and cannot be sold. It can never leave the wallet which claimed it. This means that any DAO Pass listed on marketplaces like Opensea will fail if a transaction attempt occurs.
A single wallet cannot own more than one DAO Pass. Only the right to vote is conferred by the ownership of a DAO Pass. The weight of your voting power is determined by the number of $COLLAB you own.
One wallet with 100 $COLLAB has the same voting power as 10 wallets with 10 $COLLAB.
You cannot vote without both a DAO Pass and at least ANY amount of token simultaneously. When a voting snapshot is taken, only the wallets with both a DAO Pass and $COLLAB are eligible to vote.
Even if one member created 100 wallets and claimed 100 DAO Passes with the same 10 $COLLAB, that individual would never be able to exercise more voting strength than the 10 tokens they own.
It's important to understand these clarifications in order to participate effectively and trustlessly in Collab.Land Co-op governance. There is no way to increase your voting power by transferring tokens between wallets and claiming multiple passes. Not only will it cost gas to transfer between wallets, there’s also no benefit that can be gained from minting multiple DAO Passes.
** By understanding how the DAO Pass works and the benefits of its usage, members can participate effectively in the governance process. If you have any clarifying questions regarding DAO Pass or Collab.Land Co-op governance, don't hesitate to reach out to the team: https://discord.gg/collabland**
Collab.LandTop 100 Community Proposal: OliveX Fitness Metaverse
Project Name: OliveX Fitness Metaverse Author Name: HappyUtopian#0125 Number of COLLAB tokens requested: 925,847 Recipient Address: 0x8382833B956E00952C25d630F858c080D98A1B38 How will the tokens be distributed? OliveX is a company that focuses on fitness games in Web3 and so with that spirit in mind, our token allocation proposal will also be designed based on gamified mechanics to encourage activations and engagement by the Fitness Metaverse community members. The tokens will be distributed ...
Collab.LandTop 100 Community Proposal: Pomerium
Project Name: Pomerium Author Name: Ethan Jung(pompom#0073) Number of COLLAB tokens requested: 800,096 Recipient Address: 0xC1b94CDcC35cCB6cf4B31E37f2A8Cd74eC4e76b2 How will the tokens be distributed? a. Mechanism for distribution We plan to allow users who have contributed to the growth of our project and Collab.Land to claim $Collab tokens. Claim amounts are paid differentially depending on the entry. 20% - Holders exceeding the preset threshold amount for the # of $PMR (Differential Distri...
Collab.LandTop 100 Community Proposal: Alien Frens
Project Name: Alien Frens Author Name: Monti/Mason/Pape Number of COLLAB tokens requested: 1,526,507 Recipient Address: 0x0c9Fb971360D0d56C55171E3bB515F0736A95072 Proposal for token distribution (under 1000 words): Tokens will be distributed to Alien Frens NFT holders according to however many Alien Frens NFTs they hold (as of snapshot date) at a rate of 100 $COLLAB per fren. This totals 1,000,000 $COLLAB distributed. The remaining 526,507 will be distributed among AFE holders (Our secondary ...
Collab.LandTop 100 Community Proposal: OliveX Fitness Metaverse
Project Name: OliveX Fitness Metaverse Author Name: HappyUtopian#0125 Number of COLLAB tokens requested: 925,847 Recipient Address: 0x8382833B956E00952C25d630F858c080D98A1B38 How will the tokens be distributed? OliveX is a company that focuses on fitness games in Web3 and so with that spirit in mind, our token allocation proposal will also be designed based on gamified mechanics to encourage activations and engagement by the Fitness Metaverse community members. The tokens will be distributed ...
Collab.LandTop 100 Community Proposal: Pomerium
Project Name: Pomerium Author Name: Ethan Jung(pompom#0073) Number of COLLAB tokens requested: 800,096 Recipient Address: 0xC1b94CDcC35cCB6cf4B31E37f2A8Cd74eC4e76b2 How will the tokens be distributed? a. Mechanism for distribution We plan to allow users who have contributed to the growth of our project and Collab.Land to claim $Collab tokens. Claim amounts are paid differentially depending on the entry. 20% - Holders exceeding the preset threshold amount for the # of $PMR (Differential Distri...
Collab.LandTop 100 Community Proposal: Alien Frens
Project Name: Alien Frens Author Name: Monti/Mason/Pape Number of COLLAB tokens requested: 1,526,507 Recipient Address: 0x0c9Fb971360D0d56C55171E3bB515F0736A95072 Proposal for token distribution (under 1000 words): Tokens will be distributed to Alien Frens NFT holders according to however many Alien Frens NFTs they hold (as of snapshot date) at a rate of 100 $COLLAB per fren. This totals 1,000,000 $COLLAB distributed. The remaining 526,507 will be distributed among AFE holders (Our secondary ...
No comments yet