# 🌕 EmbraceDAO Whitepaper

**Published by:** [EmbraceDAO](https://paragraph.com/@embracedao/)
**Published on:** 2022-02-27
**URL:** https://paragraph.com/@embracedao/embracedao-whitepaper

## Content

Welcome to EmbraceDAO First of all, thank you for dropping in to this space, as we are very excited to share you our vision about the concept of Embrace. Our founding team is a bunch of friends, software developer by profession and strong believers on the concept of DAO. Our vision When the NFT space grew more rapidly in 2021, we started to explore on this space, and eventually bumped into the concept of DAO (loving it immediately!). We understood that this concept relies heavily on community, currently more active use cases towards token governance, and yet relatively low use cases of DAO on NFT projects. We see many wonderful communities in a variety of NFT projects, but their voices might not be heard and executed, and our vision is to Make DAO work in NFT projects: Further empower current active communities, contributing not just ideas but the chances of executions Bridging the gap for someone new to the space, as this space is growing way too fast, for someone new joining in may be hard to pick up everything easily LFG is our core values LFG - Learn, Formulate, Growth Everyone needs to, and can start somewhere, some point of the time, in this crypto space. We want our people to be nice and embrace the above values as well: Learn from each other Formulate ideas together Grow our wealth together When executing our plans, we always reflect on the above values. Our missions Embrace Token preview 1. Embrace NFT - A treasury for investing in NFTs In order to realise our vision, we have to do a lot of things. By going step by step, our first mission is to launch an NFT treasury project, where holding one of Embrace NFT gives you access to be part of this treasury, votes for project for the treasury to invest in, and grow together with the community. 2. Benefits as a holder More access of funds to join secondary NFT markets, also blue chip in the future when the treasury grows A promised % of dividend from the treasury, interval to be decided and voted by all the holders. Each NFT represents 0.5% ownership of the cut, (limiting to 200 mints only, max 3 per wallet) Submit proposal of any interesting NFT projects, decision to execute or not depends on the votes from the community 3. Responsibility as a holder Stay active with the community, learn from each other, and do not hesitate to share. This space is still relatively new, no-one-knows-it-all React towards proposals from the community. It’s okay to say No, but it’s not okay to not voice out, as we want this project to be DAO centric, where everyone plays a fair share We are also building an app, that aims to achieve full transparency of the funds in treasury, it’s publicly able to be viewed by everyone, and in future you will be able to submit proposals and vote as holders on this app. Embrace App to view transparency of treasury LFG, LFG Lastly, let’s effing go, to learn, formulate and grow together. Stay tuned for the next announcement, where we will be sharing a huge potential roadmap for this project. A huge thanks for everyone that has read the whole piece of this, and wish to invite everyone to join in this movement. Cheers! Up next → https://mirror.xyz/0xfFc2A8dE2B62741F55CD97bdABEf8239ca2C60C0/3M-_8yQZOMh-xZOJA9Saxkeo9N0zxJV1Qq_YcjA10v0

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