MoonDAO is an international collective on a mission to propel humanity into space to explore the cosmos while upholding the Web3 principles of decentralization, inclusivity, and transparency. As part of our mission to increase access and enable people of all backgrounds to participate in this exciting future, in partnership with Space for a Better World, we’re providing the MoonDAO community with a once-in-a-lifetime opportunity to win a Zero-G flight experience.

The winner of this event will join astronauts Doug Hurley and Nicole Stott in zero gravity. The team will fly in parabolic arcs to create a weightless environment where the winner can float, flip, and soar as if they were in outer space. To enter the competition, you must purchase an NFT ticket. 

Chainlink VRF generates both a random number and cryptographic proof off-chain, then delivers both on-chain where the cryptographic proof is verified on-chain prior to the acceptance of the random number by the consuming application. 

The leading verifiable RNG works by combining block data that is still unknown when the request is made with the oracle node's pre-committed private key to generate both a random number and a cryptographic proof. The zero-g flight competition smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This helps provide users with automated and publicly verifiable proof directly on-chain that the winner selection process using Chainlink VRF for randomness is provably fair and cannot be tampered with or predicted by the oracle, outside entities, or the MoonDAO team.

About Chainlink

Chainlink is the industry-standard Web3 services platform. It has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert. ** **

About MoonDAO

MoonDAO is an international collective of people united by the mission of decentralizing access to space research and exploration.

MoonDAO's mission is to create a self-sustaining, self-governing settlement on the Moon by 2030 to act as a launch point for humanity to explore the cosmos.

Learn more about MoonDAO by visiting moondao.com, or twitter.com/OfficialMoonDAO

Join our journey by Discord: https://discord.gg/bChqQsFu3V

Context: Our first mission of sending two members into space has had massive returns in growth and publicity to the DAO: it has given us the momentum to reach nearly 12,000 token holders and create a strong governance and incentives foundation to operate as a DAO. The DAO has survived the bear market thanks to treasury diversification into stable coins and a strong community that weathered the storm -- the people that stuck through those turbulent times have become very close, and our community is stronger and more mission-focused than ever. We are now in a period of building to prepare ourselves for the next incoming wave of energy in the markets. Now is the opportunity to focus on creating sustainable revenue streams that play to the strengths of a DAO, and create a strategy for navigating our path to the moon.

We have a bunch of ideas that could be turned into subDAOs and could generate revenue for the DAO:

1. A MoonDAO Satellite

2. Sending members into low earth orbit

3. Sending members around the moon (and eventually on the moon)

4. Asteroid mining

5. Satellite debris clean-up bounty programs

6. Marketing / Social / Podcasting for Aerospace companies

7. (insert your own idea here)

Options considered for financing new projects

We will go through three options considered:

1. Do not raise money to finance new projects (e.g. use existing funds to finance new projects, and potentially keep the door open to financing in the future)

2. Sell $MOONEY directly to finance new projects

3. Create a subDAO for each new project

There are other options like debt financing, but I think without stable revenue coming into the DAO we aren’t in a position to risk debt financing at the moment. There may also be options “outside the box” that aren’t being considered, and I’m open to hearing other ideas.

What follows is an analysis of the pros and cons of each option considered, and finally a summary with my recommendation for what we should do.

1. Use existing funds to finance new projects

This is the null-hypothesis or “no-op” -- it is worth considering whether we need to raise any new capital at the moment. We could always wait until a future moment. This is the “why now?” question.

At the moment MoonDAO has ~$2.25 million in stables and ETH, this is enough to run several internal proof of concepts and maybe make one large bet. There is always the option of “doing nothing” and keeping operational costs low, often this can be the best course of action as we wait for market conditions to improve and wait out the bear market.

Ultimately, however, we would need to either generate enough revenue to finance our ambitious plans to the moon or raise more capital from the community. We might not need to do this now -- but eventually we will likely need to (unless we find partners that are willing to pay us big contracts for products and services we provide, and we never need to finance again).

It’s always best to finance when you are not in need of financing -- and if we wait too long, financing might be our only option and we may have to take terms that are not great for the DAO. The water hasn’t reached our necks yet, and the structure of the DAO is antifragile enough to scale operational expenses up or down. I’m very confident that we’ll survive the bear market.

While we wait, we would have a slow stream of payments out to contributors over time (at current expense rate we have ~2 years of runway, but again, costs can be reduced), but the scope of our ambition will ultimately be limited in that time, we would not have enough to send more members into space sustainably, build satellites and payloads that will go to the moon, or finance sending a member to the moon with a partner. In other words, at some point we need more money to finance our future missions and while we wait we are in a state of limited ambition.

If we go with this option, I think the best course of action would be to use this time to focus on providing bounty services for partner companies and create stable revenue streams for the DAO, leveraging our global workforce to help those companies (and retain some % of bounty for the DAO) -- this is definitely the path to sustainability long term and I think this should be worked on regardless of what path we take for financing new projects. Although this model would sustain us, it will take time to build up the reputation and operational efficiency to scale this up to a multi-million dollar opportunity.

The best way to get to a point of self-sustaining revenue through a global workforce is to create awareness of our DAO as the premier way of getting everyday people to work productively towards a multiplanetary future. Without exciting projects for the DAO to focus its energy on, it would be difficult to recruit new members, and we might see the community start to dissipate, and people starting to look elsewhere for opportunities. I strongly think that we need flagship projects that generate interest in the DAO and get new contributors excited, while also offering opportunities for them to work for the DAO and create sustainable income.

Basically, I think we need to continue the momentum of the DAO and highlight inspirational projects for the DAO -- either with exciting partners that are willing to pay us to work on interesting projects, or community financing and running our own exciting plans. If we don’t have these projects, I believe that we might suffer a slow death as interest wanes and our treasury dissolves over time.

TLDR: Pros: Market may improve in the future, we may come across a partner that gives us a contract to make sustainable income for the DAO (so we don’t need to finance), we keep options open. Cons: Limited scope of ambition, less excitement for contributors, if opportunity never comes we may slowly burn treasury and suffer a slow death.

2. Sell $MOONEY to finance new operations

Our treasury has $5.6MM in $MOONEY tokens and we could sell some of these directly to finance new projects. About ~48% of the total $MOONEY tokens still sit in our treasury. This is the traditional financing route of a “company” -- we could earmark something like 10% of the $MOONEY tokens and sell them directly to people. This would empower our treasury, converting $MOONEY tokens to stables.

I think this is the most simple way of financing -- we would simply open up an address and let people donate to MoonDAO to finance our future projects, and in exchange distribute MOONEY to those addresses that put in money proportional to the amount they donated.

The major cons of this approach are that the markets are pretty weak at the moment -- I personally think MOONEY is trading for under its value and by selling the tokens we’d be selling ourselves short. It also increases the circulating supply of MOONEY and would not be great for MOONEY holders, although this may be offset with the new staking to vote which will diminish the circulating supply of MOONEY.

If we want to go this route, I think we should wait until market conditions improve and in the meantime keep operational expenses low and hopefully wait for the market to warm up within the next year or so. There is a risk that the bear market continues for a few more years and we are put into a position where we need to dilute the holders and sell $MOONEY. We would likely use some lock up period for these new people though, and that could offset the dilution.

We are also in a tricky position where the value of $MOONEY is directly proportional to the value of what it is governing -- aka the treasury + network of talent. So it’s a lose-lose situation to wait as the treasury dries up, because governance value would also be impacted. So sitting on our hands too long could be bad for the DAO -- we shouldn’t wait too long, but we also shouldn’t sell at a low point.

If we do sell $MOONEY directly, I think we should do so by focusing on selling it to partners that strengthen our position and add a lot of value to us, while also creating opportunities for the community to receive the same terms.

There are also legal uncertainties with selling $MOONEY directly, and we may need to engage a lawyer to help us navigate the uncertainty and protect the DAO.

It’s also important to note that we can never mint any more $MOONEY because we have revoked ownership over the juicebox project. So, we are going to be limited in the amount of $MOONEY we can sell. This is a protection to $MOONEY holders, but it also means we can’t just constantly raise by creating more $MOONEY. This is a good thing though, since it gives scarcity (and therefore value) to the token.

In my opinion the best use of $MOONEY at the moment is to use it to incentivize new contributors to work for the DAO, giving talented members $MOONEY to help build the DAO and using the new staking mechanism to lock up tokens so they are incentivized to build with us long term.

TLDR:

Pros: Simple, keep the focus on $MOONEY, gives us more runway to finance ambitious projects now and keep the momentum going.

Cons: Dilutes MOONEY holders, market conditions are weak and we’d be selling $MOONEY low (implicit bet against ourselves), and there is legal uncertainty we need to navigate.

3. Create a subDAO for each new project

This is the most “DAO”-centric solution to raising capital for projects -- but since it’s something that is new, there is no playbook for this. Therefore this idea depends a lot on how subDAOs are implemented.

If done right, subDAOs could become a recurring stream of ETH/Stables to the main DAO, and a passive form of token streaming to the $MOONEY holders, all while further decentralizing the DAO and creating more autonomous sub-units that can scale to tackle any new goal.

This option is more operationally complex, as the DAO becomes a curator/incubator/venture model for new projects, and thus will require more DAO operators. However, it also creates a big opportunity for talent to be able to run their own organization within MoonDAO. This increases our talent pool by putting more responsibility into the hands of project leaders.

Having multiple sub-projects creates a federation of projects that are all united by MoonDAO and networked together by MOONEY. This is a model that can only be achieved with the new tools we have at our fingertips in “web3,” so we would be breaking new ground and pioneering a new space.

Right off the bat I’ll address the major concern I’ve heard: new tokens. At the moment $MOONEY is the only token that governs the DAO through staking with vMOONEY. This will always remain the case. This will never change, $MOONEY will always be the central token.

The worry seems to be that by creating new tokens, this will dilute the governance and move operational energy away from $MOONEY. These are valid concerns that need to be addressed, and there needs to be clear incentives for $MOONEY holders to move forward with this new system.

My suggestion is that new subDAO tokens are distributed as follows:

1. 10% of minted tokens are airdropped to existing MoonDAO members (vMOONEY holders)

2. 40% are reserved into the subDAO’s treasury and controlled by the subDAO token holders (incentivize contributors, liquidity, etc.)

3. 50% are distributed to people who are funding the project

By airdropping the minted tokens directly to MoonDAO members, we create a passive stream of new subDAO tokens that are going to their wallets. By default they become members of the new subDAO and can vote on those projects.

A fixed supply of tokens would be generated for each project -- ideally following an infinite series allowing anyone at any time to mint tokens for some period of time. As tokens are minted it asymptotically reaches a final token issuance (price goes to infinity). I haven’t seen a tool that does this yet, so if not, then we can follow a similar style to the MoonDAO minting of a 1 month period open mint. We can also follow a staking model for the subDAOs similar to what we did with vMOONEY.

New tokens would be scoped to govern the multisig associated with the project, and otherwise will not affect MoonDAO’s regular governance. MoonDAO as a network will only be governed by vMOONEY holders.

Furthermore, MoonDAO would take a 5% cut of all ETH/stables/etc. raised into its main treasury -- this means that MoonDAO would have a passive stream of new ETH coming into the main treasury for each project that is being funded.

Therefore new projects would support the main treasury and the vMOONEY holders. All the while decentralizing the DAO and creating focused projects where people can choose for themselves what projects they want to fund directly, and not diluting $MOONEY supply.

TLDR:

Pros: vMOONEY holders automatically receive subDAO tokens, the main multi-sig gets passive income from funds raised in other subDAOs, the DAO is more decentralized as a federation of projects allowing for talented people in our DAO have more space to run their own show, MoonDAO members can directly support projects they believe in, and $MOONEY isn’t diluted.

Cons: $MOONEY isn’t in control of subDAOs, higher operational complexity

Summary

Eventually we will need to create valuable products and services that generate $XX million in yearly revenue for the DAO so we can make it to the moon.

To get to that point, we will need to invest some amount of money into projects that get us to that scale (satellites, direct experiences of space, affiliate marketing, etc.). The more bets we can make and curate inside of the MoonDAO community, the higher our probability that a moonshot will take off.

We should keep our ambitions high and keep funds flowing into MoonDAO to sustainably finance projects that attract the right talent that will ultimately create self-sustaining revenue for the DAO by producing products and services that get us to the moon.

Global markets are soft, and selling $MOONEY directly will dilute holders and is an implicit bet against ourselves by selling at a low.

Creating subDAOs allows us to finance new projects while not diluting $MOONEY holders. It also lets talented people create their own DAOs within the MoonDAO ecosystem -- thus expanding our network of people.

With each subDAO vMOONEY holders would receive a passive stream of governance tokens, and the MoonDAO main treasury would receive money coming in from new subDAO raises -- creating some recurring revenue for the DAO to operate and keep making moonshot bets, and further incentivizing people to hold $MOONEY.

We don’t want to sit on our hands too long, there’s no time to waste -- it’ll either be a DAO on the moon or it’ll be a nation or company. What are the implications if the moon is in the hands of a few nations? Or a few companies?

The chance to create a positive future is in our hands -- one moonshot at at time.

May 5th, 2022 - MoonDAO officially announces it will send a lucky winner to space.

https://twitter.com/blueorigin/status/1518651905148301312?s=20&t=g5sDbtFXnKUSC-pb6EjZNA

Founded in November 2021, MoonDAO is a decentralized autonomous organization (DAO) united by the mission of decentralizing access to space research and exploration. MoonDAO launched on Juicebox with an initial fundraising goal of $450,000 to send members into space and achieved huge success with 2,623 ETH (equivalent to $8.3 million at crowd raise close) raised from the community. The community now has a treasury of $40+ million dollars (as of this writing) supported by MoonDAO’s governance token $MOONEY, and has successfully purchased two tickets from Blue Origin to go to space. This represents MoonDAO’s first major milestone in space exploration, but this is only the first mission: MoonDAO has a multiyear road-map ahead of it.

How will MoonDAO choose who flies to space?

On Sunday May 29th at 8am PST, MoonDAO is releasing a ticket to space NFT collection that gives the holders the opportunity of going to space.

The winners will have the opportunity to fly to space - provided that each individual must also meet Blue Origin’s requirements to fly. Blue Origin reserves the right, in its sole and absolute discretion, to evaluate all potential individuals and to approve or deny access to any voyage.

The holders of the ticket will also be airdropped $MOONEY, our DAO’s governance token, such that they can vote on issues in the DAO. Holders of the NFT will be fully fledged members of the DAO, with perks such as special access to future projects in the DAO, special access to events (like the party for our first members to be sent into space), and access to NFT holder exclusive parts of our Discord.

NO ENTRY FEE. NO PURCHASE OR OBLIGATION NECESSARY TO ENTER OR WIN. IT IS NOT NECESSARY TO OWN A TICKET TO SPACE NFT IN ORDER TO ENTER OR WIN. VOID WHERE PROHIBITED. THIS SWEEPSTAKES IS IN NO WAY SPONSORED, ENDORSED, SPONSORED OR APPROVED BY BLUE ORIGIN TEXAS, LLC (“BLUE ORIGIN”).

What’s next for MoonDAO?

MoonDAO has a very ambitious mission to decentralize access to space research and exploration and is focused on building a new type of organization that facilitates international collaboration of space related projects.

In line with this mission, MoonDAO has recently launched the MoonDAO Projects Program that offers anyone in the world up to $50,000 USD (for the first month) for projects that promote MoonDAO’s mission of decentralizing space exploration. Projects are wide-ranging and can involve research, engineering, governance, international space collaboration, or art. Current projects in the MoonDAO pipeline include the construction of a MoonDAO satellite, the production of the first music video filmed in space, and even preliminary projects leading to the design of a MoonDAO rocket.

How to join MoonDAO?

Anyone can join MoonDAO by joining MoonDAO’s Discord! Contributors can also purchase MoonDAO’s governance token, $MOONEY,  giving its holders the right to govern the DAO and help lead humanity towards an inter-galactic future that brings everyone along for the ride.

There is no expectation of profit with the $MOONEY token. It is a governance token. You are not receiving fractionalized ownership of the DAOs assets in exchange for the token, check our FAQs for more information and disclaimers.

For more information

Join our Discord:

https://discord.gg/5nAu7K9aES

Follow us on Twitter:

https://twitter.com/OfficialMoonDAO

Visit our official website:

https://moondao.com/

Read our first blog article introducing MoonDAO:

https://mirror.xyz/pmoncada.eth/uuufJem6v9X-fW3Bu4v1p_3qA5gPf96lZelHUM97BC8

MoonDAO is an international collective of people united by the mission of decentralizing access to space research and exploration. We have a multi-year roadmap with ambitious milestones for space exploration. Our funding cycle is open until the next full moon (January 17th, 2022). If you like what we’re about, you can contribute here in exchange for governance tokens. We did not pre-mine any tokens for the founders, VC investors, or anyone else, everyone receives the same terms! Also, this will be our one and only token supply creation, our token has a fixed supply. If you’d like to get involved you can join our Discord to learn more about our goals, hang out, help out (and get paid), or share ideas and suggestions!

Hold on, what exactly is MoonDAO?

If you’re new to web3 or not hip on all the lingo: MoonDAO is a decentralized autonomous organization (DAO for short). This means we are a group of people that coordinate online in a decentralized manner and are united by a common mission. In our case, our mission is simple: To decentralize access to space research and exploration.

https://twitter.com/OfficialMoonDAO/status/1468283164456062981?s=20

Why should we decentralize access to space?

We are currently living at the inflection point of a privatized space race. The implications of this exponential takeoff is massive, and its outcomes will define our future. Few people comprehend the magnitude of the opportunity to go to the Moon or Mars.

Creating an economic connection with an entirely new planet will be such a massive wealth creation opportunity that few can wrap their heads around. Trillions and trillions of dollars in mining for materials, manufacturing off-world, and constructing new civilizations. And who would benefit most from this? The people that are already the richest in the world.

Now, we don’t doubt that making life multi-planetary is a bad goal, quite the opposite, we believe that making life multi-planetary is one of the most inspiring and important missions in our lifetime, the big question is: how?

We believe that an international, decentralized, inclusive, and transparent organization would be much better aligned with the needs of the everyday person.

At MoonDAO we do not believe in "Emperors of the Moon," “Kings of Mars,” or "CEOs of Space," but instead we believe in extending the unalienable rights of citizens of planet earth to the solar system and beyond, and sharing the benefits of space exploration with “the people.”

Space travel isn’t nearly as far off as you might think, either, we are on the precipice of an exponential curve:

Ok I see, so… how do you intend on going to the Moon as a DAO?

MoonDAO’s Roadmap

🌒 Moon Phase 1: Deploy a token for decentralized governance of MoonDAO.

Our funding goal: The primary goal is to decentralize the governance of MoonDAO, but in order to fund our project we need capital. Some tickets to space are being advertised for “as low as” $450,000, but tickets in auction have gone up to $28 Million dollars. This token raise won’t be our only opportunity to raise funds, but ideally this token gives us enough runway to achieve Moon phase 2.

In order to be a DAO, we need a governance token for decision making. This is our first step. There is no expectation of profit with this token, this token’s purpose is to coordinate our governance.

It is very important to note that the core team has not pre-mined any tokens for ourselves. We have not given “special terms” to any Venture Capitalists, Influencers, Angel Investors, Rich Friends or Family, or any other person. We are all being treated equally.

Every investor, builder, or fren, big or small, has gotten the same terms. No special treatment for anyone. This is unusual for an Ethereum project, but we thought it would be more fair for everyone involved that we did not airdrop or pre-mine any number of tokens for people ahead of time. We are not VC funded, we are community organized and led, this is very important to us!

What are the properties of this token?

1. Our token will have a fixed supply. Once our initial token raise is over, we will never increase the supply of the tokens.

2. Our token will be used for governance decisions. We will have proportional governance up to a community decided limit. The limit is needed so that if one person buys more than 51% of the tokens they cannot centrally control the DAO’s decisions. To begin, we will use a 4% limit of the total coin supply, however anyone is welcome to purchase more than 4% if they would like to contribute more.

3. The money raised from this token will fund the workers (NFT designers, website developers, solidity developers, marketing, legal consulting, etc.) needed to complete the rest of the roadmap.

4. The token raise will occur on juicebox.money, and for every contribution we will create governance tokens at a fixed rate. You will receive a portion of those tokens in your wallet, and then some will stay with the DAO in order to fund the work required to make this DAO function, and those tokens will form part of the shared treasury that you can vote on with your tokens.

There is no expectation of profit with this token. It is a governance token. You are not receiving fractionalized ownership of the DAOs assets in exchange for the token, check our FAQs for more information and disclaimers.

https://moondao.com/docs/faq

🌓 Moon Phase 2: Send a MoonDAO member to space in 2022.

1. We will release the Ticket to Space NFT collection. These tickets will put you into in the running to win a ticket on a rocket to space in 2022.

2. The money raised from the sale of these NFTs will be used to buy tickets to space on a SpaceX/Blue Origin/Virgin Galactic etc. rocket ship.

3. Send MoonDAO member(s) to space in 2022.

How much will this cost? Virgin Galactic advertises its tickets will be sold for “as low as” $450K and it has been reported that Blue Origin’s tickets are have gone up for auction for over $28M. The range is large. MoonDAO wants to help create a world where anyone can fly to space regardless of their financial situation. We hope that this can be a meaningful and inspirational first step in decentralizing space exploration.

So far in history, space exploration has been gated to the rest of the world — accessible to only the privileged. MoonDAO changes this for the first time in history.

🌔 Moon Phase 3: Provide funding to space research and exploration.

We don’t want to just take a ride on someone else’s rockets, we’d like to fund and coordinate our own plans. We think an international collective could move much faster than any red-taped organization, and we can contract out certain aspects of rocket development to private companies, or invest in other private and public organizations.

🌕 Moon Phase 4: Put a MoonDAO colony on the Moon.

That's one small step for a DAO, one giant leap for DAO-kind.

The 1967 Space Treaty forms the basis for all law concerning space. In this treaty it states that no national appropriation of the Moon can take place. However, a DAO is not a nation — it is an international collective of frens.

We have the opportunity to use these new governance and coordination tools in order to form a more perfect union as we extend the rights and liberties of every human on earth into the solar system.

🌝 Moon Phase 5: Have sweet Moon parties (everyone's invited).

They're gonna be sweet. BYOB but we'll provide transportation.

Our Values

We don’t want to get on our soapbox too much, but MoonDAO has very strong values and a strong vision.

Scaling DAOs is difficult, scaling any organization is difficult. We want MoonDAO to last for year and years, and to outlive any individual member. In order to scale this DAO we abide by strong values:

Space should be in the hands of the people.

ALL the people, with NO special treatment to any single group, nation, or private entity.

This is why we have no pre-mine, no whitelisting, no special treatment to influencers, investors, VCs, our close friends, or the founders themselves.

We uphold values of inclusion, peace, transparency, freedom of organization and speech. Space should be in the hands of the people.

MoonDAO will support funding for individuals to go to space, acquisition of collectively governed assets (like our own rockets 👀), and fund future space research and exploration as it fits into the mission of becoming the governing body for the moon and other celestial bodies.

Who is behind this?

Kori Rogers and myself found each other on Discord after the fallout of ConstitutionDAO. I myself was a core developer at ConstitutionDAO, but ultimately I resigned after a disagreement with some of the other core contributors. I learned a lot from my time at ConstitutionDAO and I’m taking the learnings to MoonDAO.

We have now built an awesome team at MoonDAO, when asked to write bios many say things like “I’m not good at self-promotion,” and I think the ethos of MoonDAO is not about making it “about” any single contributor. However, it is only human nature to be skeptical of organizations without a clear face or reputation behind it, so Kori and I have written some bios so people can get to know us -- however we do not claim to be the leaders, nor do we want any special treatment once the DAO reaches maturity. We are DAO members first, not “core contributors” or anything like that.

Pablo Moncada-Larrotiz​

Bio: “Hey I'm Pablo, I used to work in BigTech but then I dropped out after seeing where the world could be heading with centralized control over billion's of people's lives. I see cryptographic decentralization as a key component of the solution to fixing these problems. My full-time attention is on JuntoDAO: a DAO to allow people to collectively govern their real life and digital assets with smart contacts, basically making it easier to share things with your friends. Before that I worked at Waymo (Google's self driving car), YoutubeVR (real-time server-side rendering, light-field enthusiast), and in biotech (developing a bioreactor to engineer human body parts). I mostly grew up in Ann Arbor, MI, and went to Michigan (Go Blue!), but I'm very culturally Spanish and lived in Zaragoza as a kid.”

Twitter: @LarrotizPablo || DiscordID: @pmoncada

Kori Rogers​

Bio: “Hey all! I'm Kori- a Web 3.0 fanatic and a graduate in MEng Engineering Science at Oxford University. I'm currently a part of Y-Combinator company Filta- helping to build an NFT market-place for AR art. Before falling into the rabbit-hole, I worked at the Computational Health Informatics Lab at Oxford- designing machine learning algorithms to predict emergency events in ICUs to save lives. I'm British-Japanese and grew up in Singapore, but I've recently found myself hanging out in the States.”

Twitter: @korigrogers || Discord ID: @kogero

There are awesome contributors who have done incredible work so far: Max Dana put together our website at lightning speed; “Boilerrat” has been a voice of reason, guiding big discussions with his experience in the space, and providing dank memes; and many many others that are “Moon Settlers” (enroggo, izkp, jango, nektar.c.k, 0xSTVG.eth, moguel, to name just a few) in our Discord that have helped in a million different ways and have been critical in moving this project forward. We have made many frens along the way, and I’m sure there are many more that will join us in our mission as we go!

Interested in contributing?

Our token is available until the next full moon! We might (wink) commemorate early contributors.

To stay up to date follow us on twitter:

https://twitter.com/OfficialMoonDAO

If you have more questions check out all our FAQs, documentation, plans for progressive decentralization, details about our multi-sig and token raise can be found on our website moondao.com:

https://moondao.com/docs/introduction

Join us on Discord! DAOs are all about communities working together. Join the Discord to get involved and help us achieve our mission. We can pay you for your contributions!

https://discord.gg/uh2d2uXM78

Thanks for reading! We hope you join us!

With everyone’s support ConstitutionDAO has already raised $4,931,440 (as of this writing). This is awesome. But there’s a problem.

We only have two more days. And we need to raise something closer to 50 million if we really want to pull this off.

How can we do this?

What if… we use memes?

What if we meme magic our way to buying the constitution and deliver the message that the constitution belongs in the hands of the people - not some rich billionaire private owner.

Introducing… the NFT split

Most popular NFT platforms allow for something called a Split. A split is when you let the benefits of your sold NFT go to multiple parties instead of just one.

*insert Owen Wilson saying wow*

What does that mean? You can support ConstitutionDAO by selling an NFT and then splitting the proceeds to ConstitutionDAO.

For example, I split this entry! The proceeds of this entry are split as follows:

• 90% go to ConstitutionDAO.

• 10% will go to a foundation called GiveWell an effective altruism-focused organization.

When you make your NFT, you could make the other 10% go to yourself, but I thought since I’m involved with ConstitutionDAO I don’t want to take advantage of that fact and take anyone’s money.

So how can you help ConstitutionDAO?

You can NFT songs, like this one:

https://twitter.com/songadaymann/status/1460316250924531726?s=21

You can NFT memes, like this one:

https://twitter.com/sullydoesitall/status/1460125673922703369?s=21

Or just NFT tweets directly -- like the first ConstitutionDAO tweet just 4 days ago:

https://twitter.com/ConstitutionDAO/status/1458990413625315354?s=20

Here’s how you can do it:

1. First you’ll need a web3 wallet

2. Next you need to create a split. Mirror (the platform I’m using) makes this relatively easy. Just add ConstitutionDAO’s address as getting a percent of the NFT (I would recommend using as high as a percentage as possible to support us, but you can choose whatever you want) the other percent can be your own ETH address or a cause you care about (like GiveWell in my case).

   ConstitutionDAO’s ETH address is: 0xb1C95AC257029D11F3f64ac67b2307A426699322

   - Note: If you’re using mirror make sure that the .csv you create has no formatting or it will give you a bug.

3. Next, start making memes and post them in our discord!

4. If your memes are dank the 11,290 members (as of this writing) might buy it! Post in our #memes channel disclose the split you’re using (although it’s on chain, so everyone will know if you’re telling the truth!)

Ok… who actually controls this thing? What’s really going on with this?? Is this a scam??

This was my first instinct too, I was extremely skeptical. However, there’s something beautiful about a DAO -- all the transactions happen publicly on chain. So you don’t have to trust others, it’s all publicly verifiable.

We have pushed for as much as transparency as we possibly can offer given the time constraints, and have published all the answers to all the most common questions people have here: Official ConstitutionDAO FAQs

We have pushed so much for transparency over time.

1. Open source code.

2. Sharing who owns the multi-sig wallet (who has the funds) -- the owners of the wallet are all extremely trusted people in the web3 community. I’ve personally worked with them like crazy these past few days, they’re all incredibly talented and all want just one thing: To buy The Constitution.

https://twitter.com/ConstitutionDAO/status/1460435156427329543

3. All of our smart contracts are community vetted and battle tested with millions of funds in them before. Vet them yourself here.

4. None of the core contributors have taken money or have pre-mined any of the token for themselves.

From the official FAQs: The core team has not received or pre-minted any tokens. Following the purchase of The Constitution, we intend to submit a proposal to be voted on by the community. While this is unusual, we believe that it establishes a precedence of mutual trust between the core team and the backers of the ConstitutionDAO.

You don’t have to listen to me: Everything is publicly on-chain, so it’s all publicly verifiable that no tokens were pre-mined.

5. We will govern the fate of the constitution together. But we will make sure that it is very difficult to make any modifications or alter / destroy the constitution.

From the official FAQs: ConstitutionDAO is seeking an esteemed partner to publicly display the Constitution. The eventual home must have the expertise to properly house, store, and maintain the artifact. Additionally, the community has expressed strong preferences for institutions that are free to the public and willing to cover the costs associated with housing the document. Since the inception of ConstitutionDAO, the community has continuously emphasized the value of historical preservation. None of the core contributors wish to physically alter The Constitution in any way, and are committed to its safety and security. We intend to formalize this foundational value by a vote of the DAO.

This feels like a scam. Isn’t this just a multi-sig with a bunch of money being raised for just a few people?

Because we have been under such an insane time crunch (only 3 days left to buy the constitution), some aspects of ConstitutionDAO have been more centralized than I had hoped.

However, we can fix this with progressive decentralization over time.

We can launch a governance token and move away from a multi-sig over time so we become truly decentralized. This will be voted on by the current core-contributors, and I think they will make the right call here and push towards more decentralization in the spirit of being a decentralized autonomous organization.

All of our code is public, however all of our chats are not. The core-contributors are working closely together at speed. Having these chats be publicly open is hard because we would have so much other noise to attend to from other people.

However, the chats can be made public and read-only over time, so that anyone can see what is going on. This will be voted on by the current core-contributors, and I think they will make the right call here to allow the community to see the inner workings of the DAO.

Furthermore, we can create transparent mechanisms for allowing other interested community members to become a core-contributor. I know it’s hard to become a core-contributor right now because everyone is extremely slammed -- unfortunately on-boarding requires a lot of time to invest with context sharing which ultimately slows us down.

I know it’s hard to become a core contributor because it was extremely hard to become one myself -- and I was in the discord just hours after it launched -- a lot of internal politics is involved.

Unfortunately tech can’t solve people, but we can decentralize all the keys to power over time and truly become a DAO, and create transparent methods of on-boarding new members and true decentralized governance.

I truly believe in this effort. I think we’re all going to make it. With your help.

Meme magic is incredibly powerful.

Let’s show the world what we can do.

WAGBTC (We’re all going to buy the Constitution)

Hi, I’m Pablo

I want to make the world a better place. I think technology (specifically web3 technology) is the biggest lever I can pull that will help everyday people.

So what am I working on?

I’m working on Junto: A web3 distributed library

Junto’s mission is to help shift our world’s economy from a scarcity model to an abundance model.

We’re tackling this problem by reviving the idea of a distributed library in the web3 era.

What is a distributed library?

A distributed library is like a normal (centralized) library, but instead the users still own the items. There’s no central storage, or central entity that manages the items. It’s all peer-to-peer. It’s not just for books, but for anything!

A library could be made for anything that sits around with little use: Spare rooms, extra cars, vacation homes, books, climbing gear, music equipment, rarely-used expensive kitchen ware… the list goes on

Why does web3 make this different?

We’ve always been able to lend our things out to people, but it rarely happens. It seems like a hassle. Things break. Logistics can be annoying. People are busy. People forget to return the items.

Yes, the world would be a better place if everyone shared their stuff, but you have to either really trust the other person you lend to, or set up a complicated legal agreement for collateral and insurance (like a time-share). Then what? Will I sue them if they break it?

Enter web3

For the first time ever with web3 we’re seeing powers that traditionally only a company or government could wield (with an army of expensive lawyers) that are now in the hands of the everyday person or community.

We can easily make self-enforced smart contracts. No legal fees (likely some gas, though). Just connect a wallet and get moving.

Web3 allows for people to easily make money on the internet through community network effects.

Web3 also lets you incorporate a DAO for each community that can allow people to trade using their own complementary currency, and then as more people join, the library’s value goes up.

You can tokenize your items and sell them on-chain, or just upload your items to Junto and let them make money for you while you sleep.

Ok… but you still have to trust people to not break your things? How is trust solved?

Smart contracts are a huge key here. Namely, incentive alignment between people using mutually assured destruction.

Let me introduce the Junto contract and explain how it works (I promise it won’t be painful, 3 minutes max of thinking). This really is the core technology that enables all of this to work.

So let’s imagine Lisa wants to lend Bob her $10 item.

What if Lisa could send Bob a smart contract that asks Bob to deposit $15 in the contract?

This means that Bob would never be incentivized to steal the item, because he would lose more than the item is worth.

Lisa doesn’t have to trust Bob at all, because she can always take the $15.

This solves a lot of issues already. Even this vanilla contract would be extremely helpful for making these transactions happen. If you look closely there’s a problem here though! Bob has to trust Lisa. Lisa could steal the $15 from Bob.

To protect Bob we can prevent Lisa from stealing the money in the contract herself.

Instead she can just “nuke” the contract and forward the value inside of it to an agreed upon address (e.g. a charity both Lisa and Bob support).

This is a little better. Now Lisa can’t steal the money in the contract herself. She’s not incentivized to destroy the contract, but if Bob were to steal the item, then she can nuke the contract.

There’s still a problem here though: Bob could be blackmailed by Lisa for the $5 (she’s very petty). So to balance the equation Lisa can put in what we call a “goodwill collateral.”

This is collateral that Lisa puts into the contract to say “Hey, I have something at stake inside of the contract too. I want to get my money out as well. I have no incentive to blackmail you.”

So, here we have the final contract state!

Both people in the contract can at any point “nuke” the contract and nullify it, but both are strongly incentivized to get their money out of the contract and work together.

It’s important to note as well that each of the fields in the contract are totally open for customization. You can make the “Agreed upon 3rd party” the lender. Or you can change the collateral amounts based on trust levels. If you feel like there’s an asymmetry of risk, you can up the collateral on either side of the contract before signing. It’s all in your hands.

Also: you can include a payment before or after the transaction ends.

So you can charge someone for using your surfboard, books, recreational equipment, spare room, car, etc., and sleep easy at night knowing that the contract protects you

(NB: I invite anyone to try to crack the game theory of this contract! Many have tried…)

Ok, so I just upload my items to an app and they make money for me? I don’t have to trust anyone?

Basically yes! Our app is trying to decentralize the core functionality (peer-to-peer transactions) and then become progressively decentralized over time so there is no middle man.

You’re still in control of your items. You own them, can remove them from the app whenever, or modify the contract for any of the items.

What would a world where people use this look like?

Right now we are incredibly dependent on global supply chains and huge companies. This is not only extremely fragile as a system, but also this centralization can lead to authoritarianism from large powerful organizations. Stick it to the man by sharing your items.

Our sense of community used to come from our economic relations -- tight knit communities where each would help bring something to the table. Strong local communities make people much more resilient to life's ups and downs.

An economy should be less about faceless transactions, and more about relationships developed and strengthened over time.

Imagine going to a new city and joining a Junto of people with similar interests (say, a music community) where people are willing to share their extra guitar pedals, synths, mics, mixers, etc., with new people. Or a climbing community where you can easily borrow a crash pad. Or a camping community, cooking community, etc.

The list goes on. This doesn’t only provide economic value, but it’s also a way to connect with new people with similar interests and to engage with others in a mutually beneficial way.

It’s simple:

Make money + connect with new people + fight authoritarianism

Win + win + win

So, when can I start using this?

We’re launching our MVP very soon here in the mission in San Francisco. If you’re in the mission and would like to try our app then DM me on Twitter @LarrotizPablo or you can send me an email at pablomoncada95@gmail.com

We’re also always looking for other web3 tinkerers that find this space exciting.

If you’re not in the mission but still interested, let me know! We’ll figure out what community we want to onboard next based on interest.

Thanks for reading!