cloud3.eth

cloud3.eth

cloud3.eth

Past Votes

44

CIP 212 - Return Funds to Citizens

Summary:

With the departure of myself and David, who have historically kept the DAO in compliance, paid taxes, and maintained the off ramps, I believe now is the time to return the CityDAO Treasury funds to Citizens pro-rata.

After failing to pass 7+ proposals 4, I see no path forward for us to agree on a reasonable way to spend the money, and keeping millions of dollars in a multisig leaves it vulnerable especially over a long period of time with multisig members cycling in and out.

I will be leaving the multisig, closing the bank accounts, off ramps, and CityDAO social media accounts, discontinuing to pay taxes our properties, and completely removing myself out of the operation of the DAO.

The most responsible path forward is to return the funds to the Citizens who contributed them.

The claim will be about $320 per NFT according to my napkin math from this post 10, but that is heavily dependent on ETH fluctuations.

Implementation:

Upon passage of the CIP, any Citizen may volunteer to be a part of the Return of Funds Task Force. They will decide on an implementation mechanism and have a budget of $3,000 to develop and audit a smart contract as necessary and pay legal fees for any research needed into dissolution.

The most likely scenarios are either an airdrop to return the funds or a smart contract that lets Citizens claim their share of funds are options.

TImeline:

Upon passage of the CIP, the Return of Funds task force will convene and develop a mechanism to return funds and initiate the process within 30 days.

APPROVE
2 votes
4 months ago

CIP 208 – Sponsorship for Legal Qualification of DAOs Book

This CIP belongs to privatenf, sent to snapshot by simplepixellife

CIP Author

I’m an academician at a university in Türkiye who met CityDAO about a year ago. I met CityDAO because of my master’s thesis on DAOs. In my thesis, I analyzed the legal qualifications of DAOs. I first received Citizen NFT in CityDAO, where I participated as an observer to see how DAOs work technically and to be involved in this process, and then I started to actively participate in the work in the Turkish community. With this CIP, I would like to spread the name of CityDAO with my thesis on DAOs in Turkish. In fact, this proposal first came to me from @simpelpixellife, another CityDAO citizen.

Short Summary of CIP

This CIP has been prepared to encourage CityDAO to sponsor my master thesis titled “The Legal Nature of Decentralized Autonomous Organizations (DAOs) on Blockchain Technology”. If this sponsorship offer is accepted, it is thought that CityDAO will spread the name of CityDAO among both Turkish academics and the Turkish blockchain ecosystem as a result of the gift of the book to leading academics and Web3 developers in the field, and thus the participation of people with high intellectual knowledge in our community will be ensured. The requested fee for this purpose is 3.500$ in total.

How CityDAO will benefit?

In the first phase with this CIP, when my thesis is published as a book, we want to show in Türkiye that CityDAO contributed to this book. CityDAO has found its place in many places in the book. When examples were given in the explanation of the subject, these examples were given through CityDAO.

In addition, CityDAO’s logo and the phrase “with CityDAO contributions” will be printed on the back cover of the book. If the text is prepared, we will add this short text written by CityDAO to the back cover of the book or as a preface.

After the book is printed, it will be sent to the competent people in the blockchain and crypto ecosystem in Türkiye. In this way, CityDAO will be followed with more interest by the Turkish ecosystem and scientists, and the intellectual accumulation of our community will also develop.

If CIP is accepted, the following people and communities can be given as examples of the people in the ecosystem to whom the book will be gifted:

-İsmail Hakkı Polat (https://tr.linkedin.com/in/ismailhpolat)

-İTU Blockchain (https://www.itublockchain.com/)

-ODTU Blockchain (https://tr.linkedin.com/company/odtublockchain)

-Devrim Danyal (https://tr.linkedin.com/in/devrimdanyal)

-Hale Cide Demir (https://tr.linkedin.com/in/halecidedemir)

As a result, if this CIP is accepted and fulfilled, a CIP will be prepared again for the second phase. In the second phase, the book published in Turkish will be translated into English and published by a major publishing house in Europe or the USA under the sponsorship of CityDAO.

Purpose of the CIP

With this CIP, it is aimed that this book will contribute to build the Web3 city of the future within the scope of the vision of education guild and CityDAO universities, which are the activities of CityDAO. If this CIP is realized, a comprehensive scientific work on DAOs will be the first and only one in Türkiye. This is because there is no specific work on DAOs in Turkish law. This book is written in a simple manner to provide basic information on DAOs to people who are not competent in the field of law. Moreover, the book is quite comprehensive in terms of its volume.

One of the main objectives of CIP is to popularize the name CityDAO in Türkiye if the name CityDAO is mentioned together with such a work.

CIP’s expenses

For the first stage I have described above, no money will be paid for publishing the book. In Türkiye, publishing houses do not charge for the first printing of the book, they print the book for free in exchange for publishing rights.

In the first phase, the author will only need a budget of 2,500 dollars for sponsorship and 1,000 dollars for the purchase and delivery of the book from the publisher to important people in the ecosystem.

Process

If the CIP is accepted, the sponsored book will be printed within 1 month at the latest from the date of acceptance.

After the printing, gift books will be purchased from the publishing house and delivery will be made to the people to whom they will be sent.

All expenses will be documented.

Risk factor

The potential risks are actually quite small. Because the book will be published with or without CityDAO sponsorship. In addition, the publisher will not be given the right to publish the book in English. This right will remain with the author. Therefore, the publishing house will not be able to create problems for the printing in the second phase.

Additional information and Links

The thesis version of the book is included in the thesis database of the Council of Higher Education, which is the guiding institution of the universities of the Republic of Türkiye.

Click on the link https://tez.yok.gov.tr/UlusalTezMerkezi/ for the thesis. Then enter " Blokzincir teknolojisi ile gerçekleştirilen merkeziyetsiz otonom organizasyonların (Dao’ların) hukuki niteliği " in the “enter search term” section. Click on the pdf image of the result.

This is my Linkedln profile: https://www.linkedin.com/in/salih-karadeniz-3691b122a?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

Reject
2 votes
6 months ago

CIP 207: CityDAO Compute Cloud - Build a GPU Cluster in Wyoming

I propose we start the world’s first crowdfunded compute cluster in Wyoming to take part in the AI revolution and earn income for the DAO.

TLDR

It’s time to do something big to bring CityDAO back to the forefront of the conversation and bring new life and energy to the DAO, and we are uniquely positioned to pull off building a large cluster of GPUs in Wyoming.

We have capital, land, and a Wyoming-based legal entity. And at ~6 cents per kWh, Wyoming has just about the cheapest electricity in the states, making it the perfect place to do this.

Budget:

Total proposed budget: $600,000 USD

  • $500,000 - Purchase 300 Nvidia GeForce RTX 4090s (and potentially other GPU types)
  • $70,000 - Servers, equipment, other setup costs
  • $30,000 - Legal and misc expenses

Business Model

I believe this could generate about $30k / mo for the DAO treasury. Here is the full breakdown of the unit economics 27.

Upon passage of this proposal, Scott will lead implementation of the effort, setting up a fund with CityDAO LLC as the main limited partner and Scott (and potentially others at his discretion) as a General Partner. The DAO will spend $600k for shares in the new fund, and be paid quarterly dividends from the operation of the GPUs. The fund will have a standard 2/20 management fee model. The GPUs will earn revenue by being put on Runpod or a similar service.

Benefits to CityDAO

  • A consistent income source for the treasury. These GPUs have an estimated payback period of 12 months and after that generate mainly profit.
  • Status and reputation - the first cluster will be called the CityDAO Compute Cluster, and as the first crowdfunded compute cluster will be a hit on Twitter and a real contribution to the AI and crypto communities.
  • Compute - having a bunch of compute is cool - we can let citizens use it at a discount and even train our own models on it.

Benefits to Citizens

  • Access to a CityDAO Compute Cloud shared server Citizens can use to do things like host websites, run code, etc.
  • Potential for discounted or free compute allocation (depends on the economics and will be considered depending on how fast the GPUs are paying off)

Why should we do this?

  • Timing - This is the perfect time to start the world’s first crowdfunded GPU cluster.
  • New energy and purpose - CityDAO needs an ambitious new project to rally around. The DAO can build tooling and projects around the cluster. Maybe we can all go to Wyoming and visit!
  • Wyoming connections - We are uniquely already set up to operate in WY and I recently got connected with a Wyoming-based datacenter with just about the cheapest electricity anywhere - 6 cents per kWh that set up all the infrastructure to run GPUs.
  • Future of AI - Demand for compute is projected to increase a lot over the next decade.

Risks

  • I want to be transparent that it’s hard to predict the future and demand for compute or our specific GPU type could decrease.
  • One reason 4090s are so appealing is they are underpriced in the market because Nvidia’s terms of service require they be used by consumers, not in data centers. One large risk here is that they somehow start enforcing this provision.
  • AI may be in a bit of a bubble and demand for compute could decrease.

Updates - 2/13/24

  • I’m lowering the ask to $600k - still enough to start up the cluster and run the experiment and a much smaller percent of the DAO treasury
  • At the time the cluster goes live, Citizens will each get a free CityDAO Compute NFT to commemorate the moment.

Updates - 3/5/24

  • Location: Upon passage, we will do a search for the best data center with the cheapest electricity pricing instead of being tied to Wyoming. For example, states like Texas and Arizona might be better since they have more data center infrastructure already built out.
  • Marketing reel: We will take videos and create a marketing reel documenting the process to post on Discord and Twitter

Update - 3/8/24

  • Added Risks section
  • Added Citizen Benefits section
  • Diversify beyond 4090s and purchase other GPU types

APPROVE
2 votes
6 months ago

CIP-203 ETH Treasury Yield with CityDAO Validators

Earn income from our WETH treasury and contribute to decentralisation

The treasury has 656 WETH that has been sitting idle for over a year.

This CIP proposes creating 20 x 32 ETH CityDAO validators to earn yield on our treasury, whilst also contributing to the decentralisation of Ethereum.

Income We could be earning 28.8 ETH ($55k) per year on our current treasury (640 x 4.5% APR).

Decentralisation By creating CityDAO validators, instead of using LIDO stETH, we’re helping decentralise the validator set. Lido currently controls over 30% of all Ethereum validators.

Risk We currently hold ETH and there is no additional ETH exposure risk. No smart contract risk. By running our own validators, we don’t have any smart contract risk with a liquid staking token.

Slashing risk. Validators will be run by a trusted Node Operator with historic experience.

Withdrawals The beaconchain now allows for withdrawals, when we need to sell ETH, we can withdraw validators in 32 ETH lots or all at once.

There is currently no exit queue to withdraw validators, but this could change in the future and we should plan for withdrawals ahead of them being required.

Node Operator The CityDAO Node will be operated by Reeves (proposal author) who has been running community validators for years. Reeves was a facilitator and Gnosis Signer of the CityDAO Dev guild when it existed, and worked on the Parcel-0 Land NFT.

Costs Initial Hardware Costs: $1,500 USD to purchase dedicated hardware for CityDAO.

Commision: 10% of income to the Node Operator to cover running costs (maintenance, power and internet). This is the same commision that is charged by Lido if we were to use stETH. Rocketpool has a 14% commision.

Approve
2 votes
10 months ago

CIP-190

Overview

This CIP seeks to reimburse MemeBrains for 2,014.65 USDC of expenses he incurred while establishing a CityDAO presence at ETH Toronto earlier this year, August 2023.

Here is the One-Page Summary Report for CityDAO at ETH Toronto (https://docs.google.com/document/d/1kYP4WRE-k6dijiegOvPmntxfynWpMzPkOCGSu1nKYmM/edit) including details on the DAO panel with 100+ attendees, the Bankless DAO after-party collaboration with 75+ attendees, the CityDAO event banner, event badge minting, video interviews with attendees and other photos/videos for social media sharing and branding purposes, and more.

Here is the Master Folder for all ETH Toronto event files 2 including photos, videos, budgeting etc. https://drive.google.com/drive/folders/16a13CAaDaEkSKWTQq9rDYuen9BoSZmsm?usp=sharing

Here is the Costs Detail Breakdown (https://docs.google.com/spreadsheets/d/1iquuxOrWS6pI_xtQ2yXSVBGfMPmsSvuxRdDTqtA85c0/edit#gid=0) for the 2,014.65 USDC of expenses sought to be reimbursed. Note that the expenses sought to be reimbursed from this CIP are for physical out-of-pocket expenses only. None of the funds requested for in this CIP are for his personal time as this was a volunteer based initiative.

Background

CityDAO has participated at numerous major events in the past such as Permissionless, ETH Denver, DCentral, and more. Participating at these events provides benefits such as; potential recruitment of new contributors, credibility in the ecosystem, IRL meeting points for CityDAO Citizens to get to know each other better, in-person meeting and strategy sessions for Citizens, social media content, and more.

MemeBrains used to have a small event production company from his early entrepreneurial career and produced approx 12 events for the Toronto small-business community ranging from 50ppl - 500ppl in size. He volunteered himself to carry out this initiative for CityDAO.

Yes
2 votes
1 year ago

CIP-187: City Hall

Outline

Video Overview

https://vimeo.com/851467740

Budget Estimate

https://docs.google.com/spreadsheets/d/152kX9W8a-bSq1x16h2uPf-9Ojhm6yiqT6a2IgU9ShOc/edit#gid=0

Overview

This CIP authorizes the purchase of a multi-functional space in Denver, Colorado that will serve prominently as CityDAO’s City Hall. The space will be collectively owned by CityDAO and available for Citizens to co-work in, serving as a home base for Citizens to build especially during ETH Denver.

The space can be opened up (or rented out) for events, hackathons, build weeks, and used as co-working to achieve a sustainable business model. This CIP allows for the acquisition of the property but does not force CityDAO to acquire one or operate any specific activities.

Potential Uses & Benefits

Once acquired, the following uses can be immediately considered:

  • Flexible co-working space for Citizens - the "City Hall" for CityDAO.
  • Community events, hackathons, and educational programs.
  • Develop local partnerships and sponsorships.
  • Any other community-led initiatives that align with CityDAO's values and objectives.
  • Citizen Benefits where permitted

By securing the property, this CIP provides CityDAO with the flexibility to explore various optional avenues for community engagement, innovation, and revenue generation, as deemed fit and approved by the DAO's governance mechanisms.

Budget:

Total Allocation: $1,630,000

  • Property Cost: Up to $1.5M Released by multisig upon final property selection
  • Operating Expenses Reserve Fund: $100k (property taxes, utilities, maintenance, other operating related expenses) Released by multisig upon final property selection
  • Project Budget: $30k (travel, legal, brokers, furnishing, etc) Released by multisig upon passage of this CIP If we the full Property Cost is not spent, up to 10% of the extra funds may be allocated to the OpEx Reserve Fund

Flexible allocation The budget outlined is based on current estimates and while it will not exceed 1.63m, may be re-allocated within these categories based on actual needs and unforeseen circumstances. Upon approval from the CityDAO Multisig signatories, the team may redistribute funds between budget categories (Property Cost, Operating Expenses Reserve Fund, Project Budget) up to a limit of 10% of the total allocation without requiring an amendment to this CIP.

Project Team:

This project is fundamentally a DAO-driven initiative and CityDAO citizens retain the ultimate authority and responsibility for the project. While the DAO provides oversight and final approvals, a dedicated Project Team is in place to execute on the DAO's directives and manage day-to-day operations. The Project Team serves as an extension of CityDAO, carrying out the technical, operational, and strategic tasks necessary to bring the project to fruition.

Team Members:

Scott: Lead Coordinator Roles: Property tours, broker liaison, contract management, and other necessary duties.

Lyons: Strategy & Operations Roles: Community engagement, space utilization, and other necessary duties.

Specialists: Legal advisors, property managers, and architects Roles: To be hired from the project budget as needed.

HQ Task Force: Community Liaisons Roles: Real-time updates, property vetting, and community feedback

Note: While the Project Team will endeavor to select and operate the best possible space, there are no guarantees concerning the quality of the space, revenue generation, or specific use of the space.

Property Selection:

Selection Criteria:

  • Convenient access from ETH Denver venues
  • Newer or remodeled construction that is low maintenance
  • Size and layout conducive for co-working and events
  • High quality space with good natural light

Selection Process:

Sample Property Selection Process and Criteria

While the criteria and sample process outlined are designed to guide the property selection towards the most favorable outcome for CityDAO and its members, it is understood that unique opportunities and challenges may arise. Therefore, the Project Team reserves the right to adjust these parameters as deemed necessary for the benefit of the project and community.

Sample Properties

821 22nd St, Denver, CO 80205

1641 California St, Denver, CO 80202

5134 W 29th Ave, Denver, CO 80212

90 Day Plan - Tentative Sample

0-30 days: After the CIP passes, a search will immediately begin for properties. Scott, Lyons, and other interested Citizens will fly out to Denver and tour properties to get a feel for the market and our options. The initial $30k will be converted to fiat for travel to Denver, broker fees, and in preparation for making a deposit. We'll start sharing our favorite properties with Citizens in Discord. 30-60 days: Narrow down the list of properties. Record video tours of the properties, do diligence and put together a plan on the estimated costs and benefits of owning each of the properties. For each property, we will compile a report, video tour, and share them for feedback with the DAO. 60-90 days: If a promising property is identified, we will present it to the DAO on a community call for feedback, questions, and comments. After identifying one we are excited about, we will ask the DAO to do an informal "temp check" vote on that property (not a CIP). If the vote passes, the multisig will offramp up to $1.5m for purchase of the property and transfer $100k in reserve funds to the Property Multisig.

Post-close

After closing on the property, we will plan a CityDAO Build Week where we will invite citizens to come set up the space and help with furnishing, signage, and decorations. We will also try to involve remote Citizens who cannot attend in person for things like design and ideas for the space. Budget permitting, we can subsidize travel and lodging for interested Citizens.

Property Governance and Oversight Multisig

After acquisition, the property will be overseen by a multisig consisting of Scott, Lyons, and one independent member appointed by the CityDAO Multisig or CityDAO Council if the CIP authorizing its creation passes. They will steward the reserve funding in the multisig, from which they will handle things like property management, taxes, and ops hires. Property Multisig shall make best efforts to ensure the property is well kept and managed.

Contingency Plans

If City Hall is unable to sustain ongoing operations due to lack of revenue, management conflict, or other unforeseen circumstances, then the property shall be sold and all funds returned to the CityDAO treasury.

APPROVE
2 votes
1 year ago

CIP-189: The Center for Virtual Organizations and Communities and the DAO Journal

TLDR

The Institute for Research and Theory Methodologies (RTM) is an American non-profit organization (501c3) founded in 2021 to help promote research and scholarship. This proposal seeks $9,990 for a three-year sponsorship for RTM to create a Research Hub and the world’s first peer-reviewed, open access DAO-related journal (official name TBD). As a sponor, the benefit to CityDAO could be enormous – leading scholars, government think tanks and research institutions with huge communities around the world would be introduced to CityDAO. RTM will create and run the journal. We will benefit from its marketing and advertising CityDAO.

How would this benefit CityDAO?

Simply put, this is the best form of marketing that CityDAO could possibly ask for when it comes to recruiting researchers and institutions. Establishing CityDAO as a sponsor for scholarship on DAOs opens us up to an enormous potential group of citizens and participants that we could not possibly find within the web3 ecosystem. The people reached by this project will be highly-educated adults and industry leaders, those with the funds and the understanding to make real contributions to CityDAO rather than those who are just motivated by the NFT prices and the hope of a quick profit. In addition, we can be assured of quality because this journal is being run by RTM, a group of well-published scholars and academic professors with over twenty years’ experience.

What is a Peer-Reviewed Journal?

In the world of legitimate academic research, only peer-reviewed journals matter. This is a harsh but true statement. DAOs operate in a world of blogs, mirror articles, YouTube videos, Twitter posts and various centralized servers. While they serve a purpose, none of these have true validity in the world of scholarship, research and government funding. A peer-reviewed journal is the gold standard.

Peer-reviewed journals publish studies that have been reviewed by academics, in order to create a body of knowledge that is accepted by professors, universities, and institutions around the world. While web3 has produced an endless waterfall of information, very little of it has been rigorously studied and published. As one of the most legitimate DAOs in existence, CityDAO is perfectly poised to sponsor a journal on DAOs. While there are very few journals devoted to blockchain and AI, there is nothing yet devoted to DAOs.

It is extremely complicated, bureaucratic, and time-consuming to create a peer-reviewed journal. It is similar to creating a university; it cannot be done by the average person, which is why this is such a tremendous opportunity. I have worked with RTM for over a year on DAO-related research and this opportunity would put us in contact with many of the most highly placed individuals who are studying DAOs. It would put CityDAO’s name into the minds of highly funded government and research institutions around the world.

But this isn’t web3, is it?

Much of the initial hype and notoriety regarding CityDAO was due to a single blogpost by Vitalik Buterin and the subsequent purchase of citizenship NFTs by a few celebrities. This was followed by news stories in traditional media sources, such as the Wall Street Journal, and a TED talk by CityDAO’s founder.

Since then, despite two years of development, working on various projects, hosting events and contests, participating in conferences, teaching university courses, maintaining partnerships and collaborations, running a consistent podcast, publishing twitter posts and monthly newspapers, nothing has significantly drawn people to CityDAO. Our community has not strengthened. Our Discord server is not an exciting place.

The bear market could be blamed, and may have contributed, but a possible issue is that we have only targeted the web3 community. In web3, while some people care about ideals such as decentralization, transparency and disrupting traditional paradigms, many people only care about NFT prices. However, a focus on price without value will never flourish.

One thing we have learned is that people must be attracted to our ideas and to our community, or else no one will want to join or participate, whether we buy one office or twenty. RTM is presenting an opportunity to join forces with researchers from around the world who study DAOs, each of whom brings with them a wide audience. This is a one-time opportunity.

Background to RTM

The Institute for Research and Theory Methodologies (RTM) was founded in 2021 by Dr. Kara Vander Linden, who has been a research professor for 20 years, working at Saybrook University in California for almost 12 years. The purpose of her organization is to train, mentor, support and connect students, faculty and researchers worldwide. As a relatively new organization, RTM is willing to partner with a smaller organization like CityDAO to focus on research about the DAO space. I have personally worked with RTM and Kara for over a year (unpaid), and have found the organization to be well-organized and run.

How would the funds be used?

Journal Fees: $1500 per year. For three years, that would be $4500. Operating Costs: $1000 per year. For three years, that would be $3000. Honorariums: (given to Editor-in-Chief, Assistant Editors, Copy Editors) $2990

Given that this is funding for a three-year project, this project may seek funding from other sources in addition to CityDAO.

If this passes, the funds will be transferred into a 3/5 multisig wallet controlled by two members of CityDAO and three members of RTM. All expenditures will be documented.

Schedule

From the time of this CIP passing, it will take approximately 6 months to get the research hub and journal platform set up, establish an ISBN number for the journal, handle administration, recruit and train peer reviewers. Then a call for articles will be put out, which will go through the peer review process. It would be approximately one year before the first edition is published, which will be properly ranked as an official academic journal. These steps are critical for the long-term success of this project.

Approve
2 votes
1 year ago

CIP 182 - t0wn STAGE ONE funding allocation

TLDR: This proposal enables the t0wn team to reallocate the resources from Stage 1 of the t0wn project toward building two apps that will more immediately and concretely benefit the t0wn project and CityDAO as a whole. The overall plan for t0wn has not changed.

This proposal asks for only $1 of additional funding to secure a quorum of 250 votes. Other than that, we are merely asking for the ability to reallocate funds that have already been sent to our treasury. We have removed our request for additional funding based on the responses in the forum, which we take very seriously. To us, t0wn is a community made of its valued members, and compromise is the language of cooperation.

OVERVIEW

The t0wn team has been meeting weekly for months. We’ve had several meetings with the Próspera team about possibly acquiring real estate in it’s first tower as a first physical hub for t0wn. Those discussions remain ongoing. We’ve had all sorts of contact, discussion and meetings with potential member DAOs. Our aim is to reallocate the remaining funds toward building apps that will help push this project forward.

As of today, a little over $54,000 remains in the t0wn treasury. Our initial CIP called for $32K in t0wn team compensation and $20K in discretionary funds. $1K compensation has been paid out per team member ($4k total) and no other money has been spent. Based on our internal weekly discussions, meetings with other DAOs and projects, Twitter spaces and independent research, we are clearer on how we think the discretionary funds should be spent.

FUNDING

We would like the ability to reallocate the remaining funds toward:

  1. A dominant assurance smart contract
  2. A identity verification app that KYCs individuals to global banking standards and ties the verified individual to one and only one ETH address with a soulbound token. This app will consist of two components:
    1. KYC functionality - for example, a custom front end that utilizes the API of a third party KYC service like Plaid.
    2. A NFT smart contract, likely employing the ERC-5484 standard for soulbound tokens.
  3. Legal costs relating to analyzing the appropriate DAO structure

PROJECT DETAILS

Assurance contract: Our initial t0wn STAGE 1 plan was to have DAOs sign LOIs stating their intent to contribute to a t0wn treasury to buy land for a “DAO hub.” We decided it would not only benefit t0wn, but also CityDAO and the web3 community at large if we figured out how to program the essence of an LOI into a smart contract. Utilizing Alex Tabarrok’s Dominant Assurance Contract idea, we will create a smart contract where entities can pledge money toward a public good (like t0wn). If the funding threshold is hit by a certain deadline (which is programmed into the smart contract when it is deployed), the project gets funded. If the threshold is not hit by the deadline, everyone gets their money back and those that contributed the earliest get a small monetary “prize” for having been the first movers / believers. Details around the prize mechanics will be sorted out during development, one key component being the prize is big enough to incentivize early contribution but small enough to disincentivize entities wanting the project to fail.

Building a dominant assurance smart contract will not only be a boon to t0wn and CityDAO, but also to anyone who wants to fund a public good on the blockchain without using methods such as Juicebox that take a significant percentage of funds.

Identity Verification: Part of having a community is ensuring that people are not sybils, that identities can be verified. Rather than using a method such as NFT + Gitcoin Passport or Proof of Humanity, we would like to offer individuals the ability to KYC to global banking standards, verify ownership of a wallet address, and then marry the two with a soulbound token. We plan to use the ERC-5484 standard for soulbound tokens which allows both the issuer and the holder to burn the token - the former being necessary in case of identity fraud and the latter being necessary in case the holder wants to disconnect or move their identity to a different address.

RELATIONSHIP TO THE ORIGINAL t0wn CIP (IPFS #QmWXdW6)

This proposal augments STAGE ONE of the original proposal by allowing additional uses of the funding allocated by that proposal. It also adds an additional potential STAGE TWO trigger—a deployed assurance contract that successfully raises at least $750k will automatically trigger STAGE TWO. The t0wn team will determine which avenue to pursue (ie signed LOIs or raising via assurance contract) following development of the latter.

BENEFITS TO CITYDAO CITIZENS

  • All the benefits outlined in the original t0wn proposal remain.
  • CityDAO Citizens will be able to use the app at cost for a period of one year after the app is launched, subject to reasonable volume of usage and our team’s ability to handle such volume. We will make best efforts to allow CityDAO Citizens to use the app at cost for longer than one year, again subject to reasonable volume of usage and our team’s ability to handle such volume.
  • Open use of the dominant assurance smart contract and the ERC-5484 soulbound token contract.

OWNERSHIP OF WORK PRODUCT

  • The dominant assurance smart contract and the ERC-5484 soulbound token contract will be open source.
  • The rest of the KYC app will be owned by the Friends of Town Foundation corporation.

For
2 votes
1 year ago

CIP-151: Quorum and Elections

TLDR

This proposal has 3 main fuctions:

  1. Adjust Quorums
  2. Hold Elections for City Council
  3. Establish a Complaint Process

Category - Governance Criticalness - High Impact - High (All members of DAO will be affected) Duration - 6 months Quorum - 500 votes counted as 1 NFT = 1 vote Budget - 46,800 (+ bonuses up to $18,000)

The three goals are explained in more detail below:

--Adjust quorums--

Currently, the way votes are counted for quorum is 1 NFT = 1 vote. After a year of governance, CityDAO contributors have realized that it makes no sense for quorum to be the same for $11K and for $2 million, and it makes no sense that a non-financial vote has the same quorum as a CIP for $2 million. The new proposed system would still count 1 NFT as 1 vote for quorum with the following amendments:

1 vote = 1 quadratically-counted NFT An algorithm will be used to determine the quorum for different request amounts. An algorithm will be used to determine the voter approval rating

Quorum Algorithm: 50 + [1/2 * (sqrt $Ask)] Voter Approval Rating Algorithm: 66 + 24 ($ ask / treasury)

  • To amend the Charter will require a quorum of 200 counted quadratically. Currently, it takes 1000 votes counted non-quadratically to amend the Operating Agreement (OA). This CIP does not intend to alter or amend the OA. This includes NOT changing how votes are counted for altering or amending the OA. They will be counted non-quadratically as 1 NFT = 1 vote.

--Hold Elections for City Council--

This CIP will create elections for seven (7) members of City Council. Within one week after elections are completed, the Council will choose one (1) individual from inside or outside the Council to serve as the Executive Facilitator (EF). If a member of the Council is chosen as the EF, then the remaining Council members will choose one additional member.

The EF will be a separate position and is not in the Council. The Council delegates the authority to the EF. The EF does not vote in the Council. The EF will be in charge of the day-to-day administration and operational execution, while the City Council is in policy setting and strategic direction. The Council may determine the authorities of the EF. The Council may not interfere in the EF’s authorities except if the EF is incapacitated. The Council are the decisions makers and the EF handles implementation.

The EF will have the following powers and authority:

  • Implementation of projects, including resource availability and oversight
  • Handle relationships with outside counsel
  • Handle mailing address, copyrights, trademarks, legal formalities
  • Handle relationships with CPAs for bookkeeping and taxes
  • Any powers and authorities delegated by a majority vote of the City Council

The City Council will have the following powers and authority:

  • Appointment of Executive Facilitator.
  • Possible hiring of an Ops Admin
  • Appointment of Multisig Signers.
  • Create advisory boards of citizens.
  • Policy setting and strategic direction.
  • Maintain or hire people to maintain the DAO tools
  • Adopt its own rules of procedure and set the time and place of its official meetings.
  • Provide for the prosecution and defense of legal causes on behalf of CityDAO and retain counsel and set their compensation.
  • Establish and enforce regulations for behavior.
  • Establish and enforce regulations for the resolution of disputes.
  • Enter into agreements with other DAOs or entities.
  • Levy and collect taxes, rents, lease fees and other sources of revenue.
  • Make investigations of CityDAO affairs; inquire into accounts, records, and transactions of any CityDAO department, office, or officer; and, for these purposes, require reports from any project and the production of official records.
  • Adopt rules and regulations necessary for the exercise of its powers and prescribe fines and penalties for the violation of ordinances in accordance with city law.
  • Place questions or propositions directly onto Snapshot, when agreed to by 5 of 7 of the total membership of the City Council.

The City Council will appoint the eight (8) multisig signers. The role of the multisig signers is transaction execution and transaction evaluation. All multisig signers will undergo proper training to fully grasp the implications and responsibilities of being on the multisig. The multisig signers are responsible to check transactions, to check where the funds are being sent, and to follow all the requirements for a proper transaction for the protection of CityDAO. The key aspect of the multisig is that the signers be trusted members of the DAO.

Operations and Day-to-Day Administration

The City Council will help organize and delegate operational tasks, such as maintaining the meeting minutes, permissions, passwords, independent contractor agreements and contracts. The City Council will schedule weekly meetings at regular times, which will not be changed with less than 48 hours notice. Council members will each have the highest level of admin permissions on each of CityDAO’s tools, including but not limited to discord discourse, Twitter, Notion, Snapshot and Google Workspace. The Council will determine who else should hold any permissions or passwords.

CIP Template Creation and Management

In addition to formatting a template for CIPs, the City Council will help problem-solve and request additional information where necessary, to make sure that proposals further the mission of the DAO.

Transparency Dashboard

The City Council will require that, for quality, transparency and clarity, all CityDAO projects create a transparent and available document that provides all pertinent information on funding received, expenditures, milestones and benchmarks. This document will be written in plain English and will be available at all times to all citizens on the CityDAO website or Notion page. The Council will finalize the details of the process. This is not meant to punish people but to provide transparency. Project members must populate the dashboard in order to receive continued funding.

Election Method

If this CIP passes, there will be open elections for seven (7) City Council members, all with six-month terms that begin on the day the election ends. Any citizen may run for any position. A citizen may be on the City Council and the multisig simultaneously. There will be no hierarchy of members on the City Council.

To be elected, candidates must put up a platform statement on Discourse. All candidates will take part in a series of two (2) public debates with questions submitted in advance by any citizen, moderated and run by the Community and Media Guilds together. After the debates, separate ranked choice votes will be put on Snapshot. All elected members of the multisig and the City Council must be willing to be KYC’d.

Election Rules

  • The election may not be used as an excuse to disparage the character of another member of the DAO.
  • Candidates may not make pledges, promises, or commitments of any sort.

Compensation and Budgets

Multisig Compensation: The multisig signers will receive $100 per month each, regardless of who actually signs the transactions. This is meant to incentivize all members to pay close attention to the transactions, their purpose, destination, suitability and potential liability to the DAO.

City Council Compensation: 3 Citizenship NFT per month per councilmember; City Council will have a fund of 5 NFTs total per month to bring in talented individuals to the DAO. 4 of 7 vote required to give an NFT.

Executive Facilitator: The EF will receive $3K per month in compensation + a potential bonus of up to $3K per month based on performance from the City Council, and will have a budget of $24K over six (6) months and the authority to execute agreements.

  • In an emergency event where CityDAO gets sued and is required to pay fees in excess of the funds in the City Council treasury, the City Council can put a CIP on Discourse and Snapshot concurrently, with no time limits required. Quorum will be however many people vote.

Removal

The multisig signers will have one week to sign or reject transactions. If a transaction is rejected, the signers must document reasons why and next steps within a reasonable time. If any of the multisig signers refuse to sign (2) or more transactions, they will be removed and the candidate who had the next highest vote will replace them. If there are no candidates left, a new election will be held for replacements or the City Council will choose replacements. The members of the multisig can vote off any member with a 5 of 8 vote.

If any of the City Council members miss more than three (3) meetings, they will be removed and replaced in the same manner as the multisig signers. The City Council can vote off any member with a 5 of 7 vote. The City Council can remove the EF at any time with a 5 of 7 vote. CityDAO Citizens can call for a removal or replacement of members of the multisig or the City Council or the Executive Facilitator with a CIP and a quorum of 50 votes. If a CIP is put up, it will be done with an anonymous “City Council” account so no one feels pressure to doxx.

--Complaint Process--

A complaint may subject the citizen to penalties up to and including a prohibition on offending parties from holding administrative positions at CityDAO or in CityDAO projects.

  • Substance - What Constitutes a Complaint?

An allegation of wrongdoing related to projects, behavior, transactions, or violations of the rules at CityDAO.

  • Process - How is a Complaint Dealt With?

Step 1 - Mediation by an individual who is agreed-upon by both parties.

Both parties must agree on an individual, preferably (but not necessarily) a CityDAO Citizen, who will hear both sides of the argument and attempt to mediate between the two parties.

Step 2 - Random jury (Randomocracy)

Complaints that reach step 2 will be heard by a Kleros court. In case of failure, the City Council can choose to use a randomly selected group of six (6) CityDAO citizens using the Chainlink Verifiable Randomness Function (VRF). If either party is not satisfied with the decision, they may appeal to a Kleros appeals court.

Both parties must write a complaint document. This complaint of wrongdoing needs to be complete and make specific allegations along with any evidence. Payment for “jury duty” is $50 per person. This jury of 6 people will make a binding decision based on the facts presented. The Executive Facilitator will enforce the result by initiating a resolution that will go to the City Council to handle the dispute accordingly.

For
2 votes
1 year ago

CIP-143: DAO Coalition Representative

TLDR

This is a non-financial proposal to make David (Da3vid#1983) the official DAO Coalition representative from CityDAO. There is no budget and no payment. The responsibilities would be to attend DAO Coalition calls and report back to CityDAO. When decisions are required, David will take direction from CityDAO.

The DAO Coalition is a group of approximately 30 DAOs and supporting organizations that seek to advocate on behalf of DAOs in the United States and globally. This coalition was started by Stuttgart on behalf of CityDAO, and therefore CityDAO has a significant place in the coalition. Each member of the coalition has been asked to formally select a representative. David has been the unofficial representative to the DAO Coalition since its inception.

Coalition Team

The DAO Coalition currently consists of 3OH DAO, Alliance DAO, ATX DAO, Aragon DAO, Bankless DAO, City3, CityDAO, Cohere, Data Union DAO, enDAOment, Governor DAO, Impact DAO, JournoDAO, Kali DAO, Klaytn, Krause House, KYC DAO, LegalDAO, LexDAO, Lobby3, Nemus, OtoCo DAO, PAC DAO, Polygon DAO, R3WIND DAO, Sapien Network, Sporos DAO, SuperRare DAO, SSV DAO and Standard DAO. Supporting organizations within the DAO Coalition include the Blockchain Association, COALA, NEAR, the DAO Research Collective, and the World Economic Fund.

Details

DAOs are confronted with an uncertain legal landscape with pitfalls and obstacles. Our presence as a leader in lobbying efforts keeps CityDAO in an important position in the space. Working hand in hand with organizations like Bankless, Aragon, Polygon, the Blockchain Association, NEAR and the World Economic Fund helps us engage with the larger community.

The DAO Coalition has been holding monthly conference calls since its informal inception in summer, 2022. Stuttgart has helped to establish the DAO Coalition, but would transition his role to represent the DAO Coalition in DC as a lobbyist. Each DAO needs a representative, however, and David has been the unofficial representative of CityDAO since the inception of the coalition.

Responsibilities of the Representative

The official representative has the responsibility to attend DAO Coalition calls and report back to CityDAO on the proceedings. When decisions are required, the representative will bring them to CityDAO and take direction from CityDAO on how to represent CityDAO to the coalition. This position is not paid.

Proposal Budget

Zero.

Timeline and Deliverables

The DAO Coalition has formed a 501(c)(4) nonprofit entity and continues to engage important DAOs in the space for collective lobbying efforts. There are no specific timelines or deliverables at this time.

Risks

There is a risk whenever anyone makes representations to the public. However, Da3vid would make no public statements. All communications would occur within the DAO Coalition.

Approve
2 votes
2 years ago

$9,000 USDC for Turkey Relief

CIP Text: https://forum.citydao.io/t/how-citydao-can-help-turkey-earthquake/2009 (from Simplepixelife)

This CIP aims to deliver something else…

Yesterday, we faced a big earthquake. Now we’re dealing once again the damage it has done to citizens of Turkey. Many casualties, many wounded… You can check the news for more details.

As Tr (Turkish) community, we want to help as CityDAO to our local citizens who are facing many problems such as food, shelter, clothing and many more…

Many brands, organizations, companies, DAOs started campaigns and try to help locals in many ways. They need help badly.

Budget

We ask for 9,000 $ to deliver to a specific organization called ;

Twitter / ahbap

which is a reputable organization founded by ;

Twitter / haluklevent

We know that they would collab with governorship and help this donation spent in the best way.

How ?

CityDAO treasury could sent the funds to me (via metamask) and i personally will deliver the equal amount to the organization via bank. No compensation Bank transactions and proof will be shared after. If you do have another idea how we can do this, pls share

Risk ?

The funds will transfer to an individual That's why I would recommend to use KYC. I can share my info if needed

Why CityDAO would do this ?

To show the space that DAOs can do it To lead other DAOs To help people in need To support TR community To increase brand awareness

Waiting for your comments, if you want this CIP goes to snapshot, pls give a LIKE !

Thanks in advance.

For
2 votes
2 years ago

CityDAO @ ETHDenver 23’


Hey everyone,

ETHDenver is rapidly approaching, and unfortunately, the most recent ETHDenver event-related CIP did not reach the quorum: https://forum.citydao.io/t/cip-131-fund-irl-events-citydao-winter-meetup-and-ethdenver/1874/20

We have had 60+ Citizens fill out the following form: https://kl6nnf5yfbj.typeform.com/to/EDDMHk8F

This CIP is to do the following:

  • Sponsor Housing for CityDAO Citizens wanting to build projects at ETHDenver.
  • Sponsor some CityDAO Merch for these teams to represent CityDAO at the event.
  • Sponsor small networking events through the wider event
  • Provide Resources to Citizens to form teams & ideas

ETHDenver Dates: 21st February to 5th March 2023

ETHDenver 22’


ETHDenver 22’ was a huge success for CityDAO Citizens.

Here were some of the following outcomes:

  1. 3 Sponsored AirBNBs for Citizens
  2. 6 CityDAO Citizen Projects
  3. New Core CityDAO Contributors
  4. 2 Top 10 ETHDenver Projects
  5. 5 Citizen Projects won prizes across different ETHDenver Tracks

Asks


  • 2-4 Houses for Citizens that want to hack at ETHDenver

    • Budget $12,500
    • Goal: Get people that want to build something as a “CityDAO Sponsored Team”
  • CityDAO Swag

    • $500
    • Goal: Increase CityDAO Awareness at ETHDenver
  • Networking Event

    • Budget: $1,500
    • Goal: Increase CityDAO Awareness at ETHDenver
  • Misc. Expenses

    • Budget: $3,000
    • Transport for Citizens at the event
    • Travel Budget for Team Organizing
    • Comp for Members who help organise/facilitate at the event
    • Other incurred expenses.

Total Budget Request: $17,500

Other Notes:

Organisation Notion: https://organic-beet-cf2.notion.site/CityDAO-ETHDenver-b013e09ed99c4d21a088398f7b9c2b08

APPROVE
3 votes
2 years ago

CIP 129 - Grant for a Startup to create a Harberger Tax Inspired NFT Protocol & Marketplace

Proposal: Provide a Grant for a Startup to create a Harberger Tax Inspired NFT Protocol & Marketplace

Amount: $250,000 USDC, spread out over 4 progress milestones (see below)

To Who: @MemeBrains & @TheBossDragon

Intended outcome:

  1. Resolve 3 of the primary pain points affecting the DAO and Gated Access Community ecosystem as a whole
  2. Replenish the CityDAO treasury
  3. Save developer costs from other CityDAO projects which need a Harberger Tax model as well

Prologue:

Hello CityDAO!

This is my first proposal ever since proposing the CityDAO Podcast almost a year ago. Working with, supporting and advocating for CityDAO has been one of the most fulfilling experiences I’ve received in the Crypto world. This proposal takes things to a whole new level.

In 2018 I sold my last company in part because I felt the unshakable calling to plunge down the Bitcoin rabbit hole. Opportunities like this come once in a lifetime so I decided to go all-in and it’s been one of the most fulfilling decisions of my entire life. This journey led me to discover CityDAO and the principles of the Network State where I felt an equally strong calling to become involved. I believe that what Bitcoin is doing for global economics, the Network State is doing for global politics.

But everywhere I look, DAOs, NFT communities and nearly every single Gated Access Community I’ve come across run into the same 3 problems: Squatters, Flippers & Depleting Treasury.

Squatters hold those community keys (NFTs, Tokens etc) but do not participate. This artificially inflates the price of those community keys/NFTs in the open market -such as on Opensea- while simultaneously lowering productivity for everyone involved. Squatters are usually well intended however the inactivity hurts the community.

Flippers hold those community keys for future resale purposes and also do not participate, further inflating the community key prices and lowering community productivity. Flippers are also usually well intended however the hoarding and inflated floor pricing it creats hurts the community too.

Depleting Treasury is like a ticking time bomb. Every startups nightmare…limited Runway threatens the end of any capital intensive initiative.

Through CityDAO I’ve discovered the principles of Harberger Taxes. At least 2 CityDAO projects that I know of have mentioned a desire to implement Harberger Taxes in their projects, yet no fully functional solution currently exists in the market to click the proverbial ‘on switch’ to try it out. Tweets and articles by notable people and thought leaders also demonstrate interest in bringing this idea to market.

Within the principles of Harberger Taxes, I along with many others I’ve spoken with see the seeds to solving all 3 of these major industry pain points with one single solution.

This proposal is to find out in an indisputable way if a Harberger Tax Marketplace for Gated Access Community Keys and Digital Land Ownership will indeed help change the world of online communities for the better, as we think it will.

Project Team:

Eric Gilbert-Williams - CEO

Eric is a lifelong entrepreneur across multiple industries. He bootstrapped his last company to a team size of 50+ people and several million in ARR then sold it in 2018. He has also been involved in event production, angel investing and startup consulting. He is the host of the CityDAO podcast, an active DAO enthusiast + contributor and is also the host of a Philanthropically motivated Mental Health Podcast. Eric brings experience in organizational leadership, stakeholder relationship building, B2B + B2C sales, team trainings and public speaking.

Bhargav Patel - CTO

Bhargav is a serial entrepreneur in the technology space. In 2011, he founded Performance IQ, a data analytics and gamification software company for boutique fitness clubs. He grew the company to 3000+ locations & 20M+ users, prior to getting acquired by Battery Ventures in 2018. Since then, he has been involved with multiple ventures in retail, manufacturing, software & web3 space. He is an avid crypto investor, an early CityDAO citizen, and brings a ton of web3 development experience in smart contracts, NFTs & Defi protocols.

Budget: $250,000 USDC over 4 milestones (see below)

Summary: Launch a Harberger Tax Inspired NFT Protocol & Marketplace for CityDAO and other gated access communities to benefit from. This will allow communities to add customized functions and utility to their NFTs based on the specific needs and goals of their community. This project will develop the protocol MVP along with accompanying marketplace. Communities will be able to mint, distribute, manage and buy/sell their customized NFTs. Communities who select taxation features in their NFT will have those taxes sent directly to replenish their treasuries.

Pitch Deck PDF with Project Overview here: https://drive.google.com/file/d/1_bmjqVkI4CnChvkv6_vkdAyu8Xe8uQjd/view?usp=sharing

Pitch Deck Video Walkthrough here: https://www.youtube.com/watch?v=obYXxQv2r0Q

Use of Funds:

  1. Launch on mainnet & gain sufficient market traction to raise a $2M+ Seed round from Angels/VCs in 2023/24
  2. Core team wages & contractor payments
  3. Software & server costs

Benefits to CityDAO:

  1. $1 million in Royalties for CityDAO Treasury Replenishment: a) As a separate agreement from the Grant, the venture proposed above would engage with CityDAO in an Incubation and Marketing agreement. The agreement would state that should the venture succeed in generating revenues then the CityDAO Treasury would be provided with a 20% royalty from those top line revenues until $250,000 has been sent to the CityDAO Treasury, and then a further 5% royalty for an additional $750,000 USD, equalling a combined total of $1 million USD or equivalent back to the CityDAO treasury. b) In exchange for giving this royalty to CityDAO, the venture will be formally supported by CityDAO for testing, marketing, feedback, discussions early distribution and be the ventures first live customer, establishing a true win-win environment for both parties.

  2. Saved Costs: Other CityDAO projects which require a functioning Harberger Tax inspired NFT protocol and marketplace would be able to leverage from this technology and no longer be required to develop it from scratch. This would save development costs on other CityDAO projects and initiatives.

  3. Momentum for Treasury Replenishment initiatives: This would be the first active project within the CityDAO ecosystem to have an agreement in place geared towards treasury replenishment. This will hopefully inspire others to create projects and agreements which would also replenish the CityDAO treasury.

  4. Branding & Market Presence This project would provide credit back to CityDAO on-going in various forms including the CityDAO logo, ‘CityDAO Incubated Project’ references, public facing credit towards the CityDAO community in media events, and more. People will know this project was inspired and supported first and foremost by CityDAO to continue building the CityDAO brand.

Timeline and Deliverables:

To demonstrate our commitment and determination for this project, we have broken the project down into 4 milestones. Upon approval of this proposal, $250,000 USDC will be transferred to a gnosis based escrow wallet. Funding will be opened on a per milestone basis starting with the first milestone funding being released and used to complete the first milestones deliverables. Upon completion of the first milestone deliverables, funds will be unlocked then used from the second milestone to complete the second milestone deliverables, and so on.

Milestone 1

Budget: $1

Deliverables:

  • Project Discovery & Networking
  • 5+ DAO/Community Leader 1-on-1 interviews for feature development input & prioritization
  • Setup web survey for larger scale interviews with DAO/Community participants

Milestone 2

Budget: $19,999

Deliverables:

  • Completion of 30+ DAO/Community Leader 1-on-1 interviews for feature development input & prioritization.
  • Flow Charts based on market feedback from the interviews & surveys
  • Initial Branding / Creatives for the platform
  • Initial UI/UX Designs

Milestone 3

Budget: $50,000

Deliverables:

  • MVP live on ETH/Polygon Testnet
  • Alpha Testing & Feedback Gathering
  • Generate interest from other communities

Milestone 4

Budget: $180,000

Deliverables:

  • Audited smart contracts by a third party
  • Live and operational product launch on ETH/Polygon Mainnet
  • Commencement of the Royalty on top line marketplace revenue back to CityDAO

Challenges & Questions:

  1. Will it work? It’s clear that between the Radical Markets book, the RadicalxChange foundation, tweets by Vitalik, Balaji and within other discussion forms, there is a sincere curiosity and belief by influential parties that a Harberger Tax model could revolutionize property ownership, memberships, NFTs and gated access communities everywhere. We can debate the theory until the cows come home…but there’s only one way to actually find out. This project aims to find out.

  2. That’s not enough money to scale Correct, it’s not. But with this pre-seed funding and a live MVP, we will be able to confidently approach a Seed round in 2023 aiming for the $2mil - $5mil range with the appropriate Angel Investors & VCs. The Seed round will provide the hires needed to bring this product to market and gain the initial traction required to then approach a Series A round in the $20mil - $30mil range for market scalability.

  3. That’s too much money! Please read #2 above.

  4. I think Harberger Taxes will fail. Please read #1 above.

  5. Why not do this inside CityDAO as a CityDAO fully owned project? a) CityDAO does not have enough money to do this as a broad market solution in a long-term scalable way. It would simply be too risky for the treasury and bootstrapping this would require too much commitment from DAO members, distract from core CityDAO initiatives and severely limit this initiative's chances of success. b) This is a startup venture concept which is intended to live and grow on its own. Although connected to the same root system as CityDAO overall and connected with multipl CityDAO projects, this is an offspring of CityDAO, not part of the main/original tree. c) Lastly, legal liability is mitigated when this project is separated from the CityDAO LLC and visa versa.

  6. How does this replenish the CityDAO Treasury? Please read ‘Benefits to CityDAO’ above.

  7. Let’s debate, discuss and theorize about this for a year++ before deciding Not an option for us. We have a window of opportunity here that will not remain open long. Either we do this or we don’t.

  8. The Mob. Look, our intentions here are to do something good, not only CityDAO, but for the market as a whole, and simultaneously help our entrepreneurial career. We really don’t want this to turn into something unpleasant for anyone involved. We are hoping CityDAO can rally around this project as a very positive thing.

  9. I have more questions plz We will be hosting a daily AMA on this Proposal at 2pm PST on Thursday and Friday November 9th and 10th and daily from Monday November 14th until Friday November 18th. Come join and ask all your questions!

  10. Is this Legal? Everything within this proposal will be first passed through CityDAO legal council and any required changes will be made accordingly before finalized.

Legal Notice & Disclaimer: The entirety of the above proposal and any and all of its details, including but not limited to pitch deck and related details must be reviewed by and modified by CityDAO legal council and/or other legal council related to the venture or any of its stakeholders.

Approve
3 votes
2 years ago

DAO Coalition Funding

TLDR

The DAO Coalition is a group of approximately 30 DAOs and supporting organizations that seek to advocate on behalf of DAOs in the United States and globally. This coalition was started by Stuttgart on behalf of CityDAO, and therefore CityDAO has a significant place in the coalition. This CIP requests $9,999 as part of a fundraising effort among other DAOs in the coalition. The purpose of the fundraising is to provide funding to formalize the coalition as it relates to legal fees (incorporation, creation of bylaws) and website creation. Benefits to CityDAO would be a leadership role with the DAO Coalition as it advocates in Washington, D.C.

PROJECT TEAM

The DAO Coalition currently consists of 3OH DAO, Alliance DAO, ATX DAO, Aragon DAO, Bankless DAO, City3, CityDAO, Cohere, Data Union DAO, enDAOment, Governor DAO, Impact DAO, JournoDAO, Kali DAO, Klaytn, Krause House, KYC DAO, LegalDAO, LexDAO, Lobby3, Nemus, OtoCo DAO, PAC DAO, Polygon DAO, R3WIND DAO, Sapien Network, Sporos DAO, SuperRare DAO, SSV DAO and Standard DAO.

Supporting organizations within the DAO Coalition include the Blockchain Association, COALA, NEAR, the DAO Research Collective, and the World Economic Fund.

DETAILS

CityDAO has been leading an effort to establish a DAO Coalition for the purposes of advocating on behalf of CityDAO and all DAOs. DAOs face both risks and opportunities. It is critical that DAOs come together to speak with one voice on issues that impact the sector.

As it relates to risks, as a result of our relationship with the Blockchain Association, earlier this year we were made aware of interests in Washington, D.C., such as the Crowdfunding Professional Association, which have been advocating to the SEC with appeals that are directly averse to the existence of DAOs. More recently, we’ve seen the CFTC sue Ooki DAO on allegations that, as an unincorporated association, it violated federal laws.

As far as opportunities, this summer, Senators Gillibrand and Lummis introduced S. 4356, the Lummis-Gillibrand Responsible Financial Innovation Act, which, if enacted, would, for the first time, provide a federal framework for DAOs. This legislation would provide an opportunity for the DAO Coalition, on behalf of CityDAO and all DAOs, to provide a positive narrative to policymakers about the promise of DAOs.

It is in light of the aforementioned risks and opportunities that the DAO Coalition has been holding monthly conference calls since its informal inception this summer. DAOs are being formed every day and, according to DeepDAO, there are almost 5,000 DAOs in existence to date. The DAO Coalition aims to harness that collective voice, but requires a small contribution from representative DAOs to begin its operations. To this end, the DAO Coalition is requesting a contribution to assist with the coalition’s formal establishment.

Other DAO representatives also are asking their respective DAOs for contributions and Lobby3 has secured its own $10,000 commitment. CityDAO’s $9,999 contribution would help ensure that CityDAO would play a leadership role as the DAO Coalition is formed.

Scottfits and Stuttgart currently are listed as CityDAO representatives within the DAO Coalition and this proposal would aim to have them represent CityDAO as Directors of the formal DAO Coalition. None of the CityDAO $10,000 contribution would go to Scott or Stuttgart. In the event that Scottfits is not available, David will take his role as CityDAO representative.

PROPOSAL BUDGET

This proposal requests a one-time disbursement of $9,999 in USDC to the DAO Coalition treasury. Other DAOs also have been asked and may contribute money to this fund.

TIMELINE AND DELIVERABLES

Once the DAO Coalition has secured the necessary funding, the coalition would aim to take the necessary steps to formalize in Q4 2022 or Q1 2023.

RISKS

There is little risk to CityDAO from this contribution other than the coalition not being able to raise the sufficient amount of funds to formalize and we believe that given the number of other DAOs in the coalition we should be able to raise these funds. If the coalition is unsuccessful in raising necessary funding, the coalition would reimburse CityDAO.

REGULATORY

The project would create a new legal entity outside of CityDAO, but would not create a new tax burden for CityDAO. Should CityDAO also wish to provide a small sustaining contribution for ongoing activities after the DAO Coalition has been established, a separate CIP would be requested. Given the number of DAOs already in the coalition, we would not anticipate that a request to DAO Coalition members for such sustaining funding would be more than $10,000 per year, per coalition member.

BENEFITS TO CITYDAO

The first and most obvious benefit to CityDAO is the preservation of its existence. While CityDAO operates entirely within the law as an LLC, we are confronted with an uncertain legal landscape with pitfalls and obstacles. CityDAO seeks not only to exist but to collaborate with other DAOs and create IRL spaces for other DAOs to flourish. To that end, our presence as a leader in lobbying efforts keeps CityDAO in an important position in the DAO space.

Another key benefit comes from the collaborations and relationships with other DAOs that such a presence will foster. Working hand in hand with organizations like Bankless, Aragon, Polygon, the Blockchain Association, NEAR and the World Economic Fund has benefits that cannot be adequately measured in dollars or in the short term. For the $10K contribution this CIP seeks, it could benefit CityDAO immeasurably.

A third benefit is the engagement with larger communities and increased awareness of CityDAO. Having our name associated with so many other DAOs, each of them with many thousands of members, all of whom are committed to the web3 and DAO space, being in a leadership position within the DAO Coalition could serve as wonderful, perpetual marketing.

Approve
3 votes
2 years ago

t0wn

TL/DR: The Big Parcel Project will be rebranded as t0wn. Instead of buying thousands of acres and selling thousands of tokens to individuals to try to build a vast “city,” we will target only high-level DAOs (20-30) to sell high-priced tokens in order to create a “t0wn” governed entirely by DAOs rather than individuals. Think NATO, or UN, or Davos for DAOs. If CityDAO creates it, we will have a seat at the table, prestige, and governance in the new world order.

The project is in 3 stages, as is the budget, which serves to compensate the team, to hire people as needed, and pay for devs to create the token if we get to that point. The land to be purchased is not specifically designated at this stage of the process, and may range from a building in a distressed city or university campus to an exquisite lodge in a lush wooded area (see deck, linked below, for more details).

OVERVIEW

CityDAO will lay the foundation for the first ever town governed by a group of DAOs. After identifying and securing an appropriate property, CityDAO will create a low-supply, high cost token which will be purchased by a hand-selected group of DAOs in order to fund the acquisition of the property. These DAOs will become the founding members of t0wn, with CityDAO as its “founder.”

Here is a deck that more completely and visually articulates our ambition: https://pitch.com/public/4a22922a-a2bc-4855-8a5b-1338e4a4432f

t0wn will be carried out in three consecutive stages: (1) R&D, (2) Development, and (3) Execution. All stages will be executed entirely by the t0wn Team (defined below).

STAGE ONE (R&D) DETAILS

In Stage One, the t0wn team will: Identify viable properties; Call agents representing viable properties to understand parameters, timing of sales, etc; Host Twitter spaces to promote the t0wn project, generate interest from other DAOs and web3 orgs, and get feedback; Talk to DAO leaders one-on-one and get LOIs / commitments to be inaugural t0wn members; Consult with state and local officials in areas where we have identified viable properties; Begin to sort out legal implications of DAOs co-owning a property

STAGE ONE - TENTATIVE TIMELINE

WEEKS: ACTION 1 - 4: Identify viable properties 2 - 6: Call real estate agents for viable properties to understand parameters, timing of sale, etc 3 - 7: Host Twitter spaces to promote the t0wn project, get other DAOs interested, and get feedback 4 - 8: Talk to DAO leaders one-on-one and get LOIs / commitments to be inaugural t0wn members 4 - 8: Start to sort out legal implications of DAOs co-owning a property

STAGE ONE BUDGET

For stage one of this project (R&D), $58,000 USDC will be transferred to the Big Parcel multisig (to be rebranded as "t0wn multisig") immediately upon the passing of this CIP. This money will be allocated as follows:

Team compensation: $32,000 USDC (based on 8 weeks, 10 hrs/wk at $100 p/h x 4). Discretionary expense budget: $20,000 USDC (to be added to what’s already in the Big Parcel multisig) for marketing, legal, etc. If certain conditions are met (see below), stage two (Development) will be triggered.

TRIGGER FOR STAGE TWO

Ten DAOs signing LOIs (Letters of Intent) stating their intention to become founding members of t0wn at a token price of greater than or equal to $75k will automatically trigger Stage Two, and its budget will be sent immediately to the Big Parcel/t0wn multisig. This trigger can also be met by any number of DAOs that commit via LOI a total of not less than $750,000.

If more time and/or funding is needed in Stage One to acquire the LOIs, the t0wn team may use funds from the discretionary fund to pay for up to four more weeks of work (including team comp) at the same rate as above. For clarity, should the Stage One tasks take longer than 12 weeks to complete, the team will receive no further compensation until/unless the project enters Stage Two.

If the t0wn Team wishes to proceed to Stage Two with a total financial commitment lower than $750k, this will be subject to the passing of a separate CIP.

STAGE TWO (DEVELOPMENT) DETAILS

In Stage Two, the t0wn team will: Manage token design and legal contract development; Continue to host Twitter Spaces and get LOIs from additional DAOs, with the intent of including 20-30 founding orgs; Keep tabs on all viable properties, set up legal entities and put all the logistical pieces in place so as soon as the project is funded, the property purchase can take place immediately.

STAGE TWO - TENTATIVE TIMELINE

WEEKS: ACTION 1 - 4: Select and engage token team 1 - 4: Select and engage legal counsel to draft applicable contracts 4 - 8: Manage token team 4 - 8: Manage legal counsel 1 - 8: Call real estate agents for viable properties to understand parameters, timing of sale, etc 1 - 8: Continue to host Twitter spaces to promote the t0wn project, get other DAOs interested, and get feedback 1 - 8: Continue to talk to DAO leaders one-on-one and get LOIs / commitments to be inaugural t0wn members

STAGE TWO BUDGET

If the Stage Two trigger is met, an additional $102,000 USDC will be transferred to the Big Parcel multisig immediately. This money will be allocated as follows:

$25k for Dev and PM time, token design $25k for legal fees $32k team compensation (same rate as above, for 8 more weeks) $20k discretionary fund (in addition to whatever is already in the safe)

STAGE THREE (EXECUTION) DETAILS

In Stage Three, the t0wn team will: Distribute the token to the founding member DAOs; funds go to the Big Parcel multisig; t0wn team will use the funds to buy the property; t0wn begins!

STAGE THREE BUDGET

TBD - It is too early to determine the appropriate budget for the Execution stage; therefore, the t0wn team will post a separate CIP for funding when the time comes.

BENEFIT TO CITYDAO AND ITS CITIZENS

If t0wn is a success, CityDAO citizens stand to benefit considerably, in a number of ways:

Membership Tokens: In return for funding the genesis of t0wn (i.e. Stages One and Two, $160k upfront spend) CityDAO will get either: Three (3) membership tokens, or a membership stake valued at $225k, whichever is greater.

Governance: CityDAO also gets the governance benefit of holding more membership tokens, which is likely to be the most powerful position in the collective unless another DAO opts to buy more than one membership token.

Citizen Memberships: CityDAO Citizens will enjoy all the benefits of membership in t0wn, in many cases at a greater rate/quantity due to CityDAO’s larger membership stake in t0wn.

Brand / Prestige: CityDAO will be branded / marketed as the “founder” of t0wn, while the initial member DAOs will be “founding members.”

t0wn TEAM

Da3vid: Vision and Legal David is an attorney licensed in New York since 2005, has a Masters and is now studying for his Ph.D. in Sociology related to DAOs and the metaverse. He has been teaching business law, management and organizational behavior at an international university for 15 years. He also ran the two largest improvisational theater companies in China for a decade (one in English, one in Chinese) with valuations in the millions of USD while also creating and running his own highly successful theater company, all in Chinese.

David was on the CityDAO Council, helped to write the Charter and Operating Agreement, facilitated the Legal Guild, served on the first Mission Guild and is currently the facilitator of the Education & Research Guild, which he also founded.

Gugz: Vision and Project Management Gugz has been producing film and television, everything from shorts and music videos to feature documentaries and big-budget TV, for more than a decade. He has taken dozens of projects from zero to scale. He helped start a management company a decade ago as its first employee and has developed ideas into global films and series. In one instance, he was part of a team of four producers who created an entirely independent, $70 million season of television, for which they built a TV studio from scratch, all in the name of creator ownership (THE FIRST, starring Sean Penn, on Hulu).

Gugz has served in various leadership positions at CityDAO over the past year, including writing its charter with a team of collaborators and founding its grants program. He is co-founder of R3WIND (formerly BlockbusterDAO), a decentralized media organization.

Tasafila: Marketing and Design Tasafila has worked as a creative and growth strategist in B2B Tech, E-Commerce and Web3; building campaigns, LMS systems and go-to-market strategies for major brands such as IBM, Oracle, Reef, Whirlpool, Therabody, and more. He launched his self-funded vegan grocery startup in 2020 and shipped nationwide. He pulled interest from Shark Tank and an activation with American Airlines before exiting in 2021.

In early 2022, Tasafila launched BlockbusterDAO which garnered global media attention and formed one of the largest web3 grassroots communities in the world, without ever spending a dime on advertising or marketing.

ScottA: DAO Partnerships and Economics Scott has worked for the government developing programs to end homelessness and alleviate poverty (Housing First Edmonton). He has taught university classes at the undergraduate and graduate levels in economics. He has a strong background in data analysis and various programming languages, such as R. He also has a background in music; he wrote and produced two full-length albums under the band “Making a Monster.”

In 2022, Scott completed a Ph.D. in economics from the University of Alberta with a focus on economic growth. He graduated with top marks and is set to publish two journal articles in reputable publications (Journal of Economic History and the Journal of Institutional Economics). He has taken an active role in CityDAO and organized successful initiatives such as the CityDAO Conference and Journal.

MULTISIG Funds will be sent to the current Big Parcel multisig. Tasafila and ScottA will be added as signers, with Blackacres remaining on as an independent overseer, to make it a 3/5 multisig.

FINE PRINT In the spirit of fostering a more autonomous and project-based culture at CityDAO, the following will be effective immediately upon the passing of this CIP:

Utilization of CityDAO Members: The t0wn project may opt to, but will in no way be obligated to, utilize any personnel or individuals employed by, receiving funds from or in any way affiliated with CityDAO. The decision of whom to work rests entirely upon the judgment of the t0wn Team.

Process of Work: Such that any CityDAO executive body, committee, guild or team is in place at the time this CIP passes (ex. the Planning Guild), this project will not be subject to its authority.

Separation of Authority: t0wn will be set in motion by the t0wn team on behalf of CityDAO, but the project, such that it exists, will ultimately be owned and governed by its member DAOs. The t0wn project will create its own operating agreement and will not be bound by the CityDAO operating agreement. t0wn may utilize any legal structure that is suitable, including but not limited to an LLC, non-profit, trust, UNA, etc.

Access to Twitter, Discord and Social Media: This project requires the use of the CityDAO Twitter and Discord accounts. If this CIP passes, the t0wn team will have the ability to post on the CityDAO Twitter, host Twitter Spaces, etc. Web3 Funding: While the focus will be on DAOs, we will also consider funding from Web3 organizations that are not technically DAOs, for example, the Ethereum foundation.

Approve
3 votes
2 years ago

CIP-111 DAOLabs Space in Denver, CO.

DAOLabs

DAO Labs will be an innovation hub for aspiring and current Web3 enthusiasts, developers, engineers, designers and community members.

Co-working spaces such as WeWork are expensive and adopt a corporate and formal culture, one that struggles to embrace and encourage innovation and creative thinking.

DAOLabs aims to provide these creators and innovators with a new type of working model that seeks to be engaging, and fair and promotes building and innovation.

DAOLabs does this in a number of ways;

The Launch

The launch of DAOLabs Denver will provide citizens with free access to the DAOLabs for the first 90 days of Launch. During this time, the DAOLabs team aims to finalise the development of the Partial Common Ownership business model and the future development of the project.

Future Benefits

  • Off-Peak free access to Citizens
  • xx hours worth of free access passes per month (To be determined)
  • Priority Booking during on-peak hours

Locations

DAOLabs proposes Denver, Colorado as the initial location. This is due to a number of factors such as:

  • Reasonable lease prices: Lease prices in Denver are better valued than in some other researched states such as NY, TX, FL, CA, Etc
  • Denver’s Tech Community: Denver is known for its bustling tech and startup community.
  • ETHDenver: This is one of the largest crypto events and having a location where we can facilitate a space for people to build throughout the event, but also gain publicity through the event.
  • Central Location: Denver, CO is quite a central location to other states in the USA.
  • Denver is extremely close to both Parcel 0 and Parcel Blanca and can act as a hub/lab between the two.

Future Locations

Pending the success of DAOLabs Denver, DAOLabs aims to open a number of similar spaces to be used by citizens around the globe.

Upgrades

DAOLabs aims to be community driven. Certain amounts of capital can be allocated by the community to upgrade the locations for their benefit and at their specification.

QV Funding

DAOLabs will utilise QV Funding models to fund projects within the locations. The goal of this is to fund startups and projects in the DAOLabs space in a fair and efficient manner.

Sponsorship

Members of DAOLabs can earn sponsorship for themselves and their teams. This is done through our sponsors and aims to provide top projects and individuals with the opportunity to bootstrap their development.

Partial Common Ownership -Desk Lease

Partial Common ownership (PCO) is a new form of ownership and of managing assets that is fairer and more efficient than those under capitalism or communism.

In PCO or Plural Property assets belong to no one and everyone. An asset’s current possessor must self-assess and declare its value. Based on the self-assessed value, they pay a fee, which can be used to fund public goods, or distributed as a social dividend. If somebody bids more for that asset, current possessors sell it for their self-assessed value, resulting in more benefits for the public.

DAOLabs Inherits Mechanisms from PCO and Plural Property to create a unique ownership model for our builder Space.

Users of the space will have the ability to view all of the desks available each day.

Desks may utilise a lease structure incorporating PCO to obtain the maximum economic benefit from each desk and location allowing DAOLabs to grow at an optimal rate.

Requirements

CIP-111 proposes the following:

  • Full support from CityDAO for media assistance and coordination

  • $162,500 to cover the lease of the property for 1 year.

  • $47,500 to cover any other incurred expenses *Incurred expenses include design & development budget, travel costs, insurance, maintenance etc.

  • $20,000 Compensation to the team for execution and setup of the space

Timeframe

  1. Snapshot Completion Date: 22th October 2022

  2. Lease engagement: 23rd October - 23rd November 2022

  3. Lease Start Date: 23rd November 2022

  4. DAOLabs Opening: 24th November 2022

  5. DAOLabs Business Model and Software Refinement: 24th February 2023

Deliverables

Milestone 1: Snapshot Completion

Milestone 2: Space Lease and Organisation

Milestone 3: Partners Onboarding

Milestone 4: Space Launch and Citizen Introduction

Goals

CIP-111 aims to deliver the following to CityDAO Community:

  • Business Opportunity
  • Space for citizens
  • Space to try real-life experiments

Partnership Opportunities

DAOLabs will aim to establish partnerships with the following entities in technology and Web3.

  • Venture Capitalist Firms: To provide support and assistance to sponsor projects in DAOLabs
  • Technology Groups: To advance the adoption of web3 into web2 through DAOLabs projects
  • Major Blockchain Protocols: To provide support and assistance to sponsor projects in DAOLabs.

Team

  1. Oisin Lyons (Lyons800) - Lead on Space
  2. Konrad - Operations Assist
  3. Josh - Real estate
  4. A fourth Member may be brought on to assist

Next Steps

  1. Pass Snapshot Proposal

  2. Create CIP-111 Team Multi-sig with the member proposed

  3. Send $230,000 from the main treasury to the multisig

  4. Off-ramp funds if necessary for proof of funding requirements on lease.

APPROVE
3 votes
2 years ago

CIP-124 Q4 Funding

SIMPLE SUMMARY

Q4 is fast approaching and no budget or mechanism allocated to pay contributors during that period exists. Q3 included a lot of restructuring and clarity was gained via an approved vote a short 7 weeks ago (July 24). Planning Guild is working on Charter amendments to address future structure and budgets, but until those are in place and approved by the DAO, we risk some level of disorder on October 1st. Extending the Q3 Funding period, with some alterations below, appears to be a simple strategy to keep core functions and Guild projects ongoing, while limiting the amount of confusion associated with a more complex structure and budget for Q4.

SPECIFICATION

Extend the funding period included in the passed CIP-69 Q3 Guild Structure and Budget 6 to include the period from October 1, 2022 to December 31, 2022 with the following alterations:

  1. Facilitators will continue to work in their current positions, unless they’ve stepped down from a role.
  2. The Planning and Operations Guild shall: - Maintain operations functions related to communication channels. - Revise and implement improved Charter and processes, with specific focus on clarifying and automating governance structures. The Charter should be posted and easily navigable once complete and approved by the DAO. - Make efforts visible to the community, provide regular status updates and shall hold a weekly call.
  3. Discontinue the use of NFTs as Facilitator compensation.
  4. Guild Safes will utilize unused USDC and NFTs from Q3 for Q4 operational costs.
  5. USDC and NFT’s remaining in Guild Safes on January 1, 2023 will be used to credit Q1 2023 funding budgets for each guild, if any is proposed.
  6. Should a Guild not plan to exist in Q1, 2023, all funds will be sent to the Treasury: 0x60e7343205C9C88788a22C40030d35f9370d302D

An APPROVE vote would mean you approve an extension of the Q3 Funding period as amended above.

A REJECT vote would mean you reject an extension of funding.

Quorum is 500 Citizen NFTs as this CIP involves more than $10,000. Snapshot currently shows quorum incorrectly since we've moved to quadratic voting. Quorum will be calculated by counting each Citizen NFT after the results.

Polis Conversation Report: https://pol.is/report/r93bsr9mwv34rcr2aezhu

APPROVE
2 votes
2 years ago

CIP-123: CityDAO In-Person Meetup and Team Building

October 1st-5th 2022

After hearing about the success of the CityDAO facilitator retreat in May, and having spoken with many of the participants, we believe it’s in CityDAO’s best interests to have another IRL meetup. Zeno’s Family Property in Oregon

We propose to meet at a property owned by Zeno’s family near Portland, Oregon - approximately 35 min from Portland International Airport. Zeno’s property includes the following amenities:

12 beds and 3 bathrooms TV / Internet Pool Table Access to Sandy River and recreation 60 acres of land

CityDAO citizens will have an entire house on the property, configured as: Room A - 6 beds / 1 full bathroom Room B - 4 beds / 1 full bathroom in hallway Room C - 2 beds / 1 full bathroom Camper Vans, RVs, and tents are an option as well, bring your own!

Facilitator compensation for Zeno and PatSantiago would be $500 each (USDC acceptable).

Cost to rent the house is $850/night (USDC acceptable). Travel Stipend- Distance traveled * 0.10 = USDC received Example- If you travel 5,300 miles you get $530 USDC

A capped budget of $18,750 to be spent on lodging, food, travel stipend, and extracurricular expenses.

Food may be provided $25 for breakfast per person and dinner $35 per person

Deliverables:

Relationship and team building- Talking in person over the course of days will bring great benefit in connecting people and solidifying teams working on upcoming projects such as CIP 100 etc. With the main objective being expedited decision making and broad strategy setting.

We also aim to use this event as an experiment for planning other IRL events around the globe.

Yes
2 votes
2 years ago

CIP-112: Parcel Zero Autonomization

Parcel Zero is CityDAO’s largest and most significant effort to date. It is a Wyoming DAO’s first land purchase. The NFT project was a monumental step towards putting land on chain. Of all our existing guilds/efforts/projects/etc. this is the only other one that has a separate NFT which controls access/governance/etc… Parcel Zero is our only project that has a separate entity which holds the land and through which Parcel Zero NFT holders interact, and “Parcel Zero, LLC” merits an arms length relationship.

The possibilities for Parcel Zero have not been fully realized. While there are significant limitations for what can be done with the land, there remains a great deal of potential within the related Parcel Zero effort. Which direction we go needs to be determined by Parcel Zero NFT holders through the governance granted to them. However, very little is possible with no funding available. Additionally, we have known expenses which will exist, and past expenses which have yet to be paid.

Taking all of this into consideration, it is important that we recognize the Parcel Zero effort for the significance that it holds, and grant Parcel Zero NFT holders enough autonomy and funding to govern meaningfully. Without this a not insignificant amount of energy will be consumed making small asks along the way, and it will be that much more difficult to fully realize the value of holding a Parcel Zero NFT. This proposal provides a baseline foundation intended to prevent the project from languishing and maintain the current momentum.

FUNDING This CIP requests $73k for the following:

~$5k (estimate) to support the Parcel Zero development team at the desired level. As part of the final monumental push to get the Parcel Zero Reveal across the line, many team members made contributions beyond what was expected to make the reveal and app amazing. The rollout was better than many professional organizations, and the near complete lack of concerns/issues post reveal is a testament to success of their efforts. This is a small buffer that grants the development team the ability to retroactively compensate those people for additional work performed. Distribution to be determined by the team who was responsible for delivering the Parcel Viewer app & Metadata Reveal.

~$15k (estimate) to cover costs of minting and distributing the remaining ~900 unminted Parcel Zero NFT’s. Note that the entirety of these would be exclusively for Parcel Zero NFT holders to allocate (CityDAO has already been granted their share of 100), but in order to save on costs of a second transfer CityDAO will hold these in trust and distribute them as instructed by Parcel Zero governance. This is only to earmark the cash; there is no distribution schedule at this time. Parcel Zero NFT holders will determine how these are distributed through separate Parcel Zero Improvement Proposal(s) or similar governance process.

~$20k (estimate per @fugyeah) to cover essential costs on the parcel for 10 years (taxes, insurance, and basic maintenance). Intended to remain in trust and cover expenses as incurred.

~$33k to continue development and experiment with what is possible. This small seed would unburden Parcel Zero NFT holders from the need to justify spend from a separate entity. This commitment from the CityDAO community will create opportunity to explore what is possible related to Parcel Zero, at the discretion of Parcel Zero NFT holders.

Note that many of these items are approximations. Although these best estimates are believed to be reasonable, some of the monies from the general fund may be necessary to cover under-estimated amounts, and for any category which is under-utilized, any remaining funds will become available for general development and experimentation related to Parcel Zero (i.e., contributing to or taking from the bucket above).

DISCORD COMMUNITY A Parcel Zero NFT holder is deserving of the same rights and privilege that we grant to Citizenship holders, albeit through separate mechanisms. Additionally, we will have Parcel Zero NFT holders who do not hold a citizenship nor have interest in existing CityDAO activities.

Proposal is for a structure that looks very similar to the current guild approach. This provides continuity for the look and feel that citizens have come to expect over the last year, and creates a space which makes it easy for Parcel Zero NFT holders to focus time and attention in a familiar way:

A new Discord Category for Parcel Zero similar to what we have for current guilds. A new self-selected Discord role for Parcel Zero, allowing users to self-select into discussions in #unlock-channels A new verification process for Parcel Zero NFT holders, similar to what we have for the current Citizenship NFT for locked channels Within the new Discord category, we would expect to create access similar to what we have for our current guilds, including:

General Public CityDAO Citizenship NFT only Parcel Zero NFT only Both CityDAO Citizenship NFT and Parcel Zero NFT etc. It is initially proposed that DenverCitizen9 be granted full authority over the new Parcel Zero Discord category to set up, manage, and experiment with the layout of the channels, similar to the local authority that we currently grant to existing guilds. Note that this is in addition to, not in lieu of existing admin control, and there is no expectation that DenverCitizen9 will gain any type of facilitator role or additional privilege or recognition related to the Parcel Zero effort; the purpose is to unburden the current CityDAO team.

GOVERNANCE While it may be reasonable to expect Parcel Zero NFT holders to initially follow a process similar to what was established for CityDAO, a separate Snapshot category will be necessary as governance rights are unrelated to the existing CityDAO citizenship. This may need to be tied to the Parcel Zero ENS (though it is not known who currently holds that).

TREASURY MANAGEMENT If this CIP passes, NFT holders are expected to voice opinions and make a determination for who has the ability to distribute related Parcel Zero funds. Ideally this would happen after a selection process and Parcel Zero NFT holder vote. A review of the LLC documentation would likely be necessary to understand what is possible and/or expected.

Approve
3 votes
2 years ago

CIP-115: CityDAO Academic Conference and Journal

Summary

This CIP seeks funding for ScottA to continue to assist in planning the first annual CityDAO Academic Conference and to continue work with numerous authors on the CityDAO Journal. ScottA was previously bountied to work on these tasks, but as the Q3 Education & Research Guild budget has been reduced by 50%, his work is now being presented as an independent project. This CIP requests $1200 + 2 Citizenship NFTs per month for his work.

Background

One of the most exciting initiatives in the Education & Research Guild is the development of the first annual CityDAO Academic Conference, which will be held virtually from Sept 3-4, 2022. The event brings together various experts in different aspects of blockchain and web3 education. The ultimate goal is to start a positive feedback loop intertwining a cutting-edge web3 city with education. Education and cities induce powerful positive externalities. This dynamic has boot-strapped great cities in the past and is a model for doing so in the future.

Connected with the conference is CityDAO Journal, which is a method to explore the ideas that will build web3 cities and establish CityDAO as a thought leader in this space. The Journal seeks to discuss vital concepts and to push them forward while at the same time producing content to attract people via thoughtful engagement.

ScottA recently finished a Ph.D. in economics and is currently set to publish two journal articles. He has a strong research background and is highly qualified to lead such a project.

SUCCESSES

ScottA has helped to curate relationships with 45 student blockchain associations, 30 education-related DAOs, and numerous other potential contributors. Contact methods have included emailing, engaging on Twitter and discord, and via LinkedIn. Thus far, of the groups contacted, about 35% have replied, and 25% plan to participate in the conference.

ScottA has spent over 60 hours contacting, following up, and conversing with the above-noted groups. This will be valuable in numerous ways for CityDAO moving forward – building a city will require many partnerships and resources. We now have keynote speakers, 5 panel discussions and 2 roundtable discussions. He has additionally developed and maintained a detailed spreadsheet of all contacts, which is valuable to CityDAO.

During this past quarter, ScottA has also helped to oversee the CityDAO Journal. This has produced content related to Quadratic Voting/Funding and Social Tokens. The articles have gained considerable readership using metrics such as twitter likes and retweets. One citizen stated that finding the articles was the reason they joined CityDAO. ScottA has spent over 45 hours writing, editing and developing others’ content, and doing research related to the articles.

Finally, ScottA has contributed to initiatives such as the CityDAO book (currently writing multiple chapters), the Study Group (attended all the groups and led the discussion on 2 occasions), and broadly to the ultimate vision of CityDAO University.

ROADMAP AND DELIVERABLES

Successful delivery of the CityDAO Academic Conference

Success metrics will include the number of total citizens and non-citizens attending, satisfaction, and engagement. A metric will be derived called “key connections.” A “key connection” will be established if a participant attended the majority of the conference and, in a follow-up survey, indicated a desire to have further involvement with CityDAO.

Continued Maintenance of the CityDAO Journal

The articles should be measured as successful if they attract traffic and encourage involvement in CityDAO. Metrics have not yet been established, but ScottA will work in partnership with the media guild to do so.

The articles produced will focus on quality over quantity. The goal would be 1-2 articles per month and should be highly aligned with topics in the Web3 space and CityDAO. This will include articles that may result from the CityDAO Academic Conference

Establish the CityDAO Think Tank

One key goal of the Education & Research Guild is to pivot from maintaining numerous independent initiatives to becoming a think tank for projects that are proposed by citizens. ScottA will work with David to develop a process for citizens who require research to be matched with key resources and for those resources to be properly overseen, evaluated, bountied and compensated to maximize quality and effectiveness.

REQUEST FOR FUNDING

During Q2, ScottA was bountied at 20 hours per week at $30 per hour. Given budgetary restrictions, this CIP proposes that his hours be reduced to 10 hours per week for a rate of $300 per week + 2 Citizenship NFTs per month.

Approve
2 votes
2 years ago

CIP-114: Teach Anything! with Tippi Fifestarr

SUMMARY

Since May 20th, Tippi has, for free and on his own, created and run a successful bi-monthly event within the Education & Research Guild called “Teach Anything!” This CIP explains the event’s success, creates deliverables for Q3 and asks for basic funding to continue this event. This CIP asks for $950 per month for the development of the event + 1 NFT for the quarter as retroactive comp for Tippi.

BACKGROUND

The foundation of a city is not land, it is community. The foundation of a community is people and culture. A strong culture requires four elements: ritual, storytelling, artifacts and language. CityDAO seeks to be a city. This necessitates a community that grows together. Events where people gather to share knowledge and stories provide critical elements of shared culture.

In May 2022, Tippi began an event called “Teach Anything!”, which is held twice a month. It consists of 4 presenters who speak on topics of interest. The purpose of this event is not only to show that anyone can teach, but also to help people share their stories and knowledge, and to help people improve their presentation skills.

SUCCESSES

Using the metric of “citizen time”, Teach Anything! is one of the most successful initiatives in CityDAO. Over the past 3 months, it has generated over 55 hours of citizen engagement. At least 20 different citizens have attended overall, with a high rate of retention as measured by return attendance and requests to present again.

Including Tippi, 8 unique citizens have presented. Only 2 presenters missed their slots in the 5 sessions, and both of them came to the next session and taught. Feedback from the citizens has been positive as measured by informal polls. There are almost no comparable initiatives that have been done for free by members of CityDAO, undertaken for the good of the community without compensation.

Here is a list of topics that were presented:

Intro to Teach Anything, Listening to the Audience, How to give Quality Feedback, How to Ask for Money, Web3 Acronyms, The Relevance of Fruit, Types of Fruits and Health Benefits of 20+ Different Fruits, Introduction to Marketing: What is Marketing (part 1), Introduction to Marketing: What is Marketing (season 1 part 2), Why I Love Design Thinking, From Dirt to Data (Deep dive on Plot 0), How to Write a Pitch Deck, What I Learned at Permissionless.

The variety of topics (Anything!) and the juxtaposition of quality (Anyone!) make this event novel and interesting and keep people coming back.

ROADMAP AND DELIVERABLES

Development of a feedback and evaluation process using established Human Resource Management (HRM) techniques, to be led by Tippi and guided by David. David has been a professor of HRM for over 5 years at an accredited undergraduate university. Charted qualitative and quantitative analyses of various key metrics, such as distributions of participants, satisfaction, effectiveness of training, quality of guidance, etc. These metrics form the basis of analyses that can be used across guilds. Experimenting with alternate times and meeting locations besides Discord, particularly Gather.Town, to host the Teach Anything! events. REQUEST FOR FUNDING

So far, Tippi has run this event for 3 months without any compensation or request for compensation. This demonstrates a commitment to the success of CityDAO and should be rewarded. This CIP would award 1 Citizenship NFT to Tippi retroactively for his contributions.

Facilitating this event, analyzing the data and continually improving quality is believed to take approximately 5 hours per week. At $40 per hour, this would be $200 per week, or $800 per month. Additionally, $150 per month is requested for discretionary funds, which may be used to experiment with rewarding presenters, participants, survey takers and other metric providers. This $150 will not be used for compensation to Tippi.

Approve
2 votes
2 years ago

CIP-69 Q3 Guild Structure and Budget

Citizens,

The following is a proposal for the re-structuring of CityDAO Guilds and a new budget structure for 2022 Q3.

CIP-69, if passed, will retroactively compensate contributors from the 11th July under the new budget Structure. CIP-69 will be for the quarter period July 1st to September 30th.

Each Document can be found in this Google Drive Folder: https://drive.google.com/drive/folders/1NxCXM-ihPwYwvq6G8Njjufhf5O3Cplb9?usp=sharing

Overview:

The CIP-69 Structure separates Guilds into two different Categories; Functional and Resource. This is done to assist with a leaner approach to execution and engagement, while at the same time, promoting a project based approach to CityDAO comp and deliverables.

Functional Guilds:

These are guilds designed to run the necessary operations of CityDAO so that it remains functional. These guilds will have the necessary manpower to execute things like: Financial Forecasting, Taxes, Salaries, legal work, compliance work, community management, discord, social media, marketing, events, media work, public affairs, grants, investments. etc.

These will not have onboarding flows and not have extra contributors. They are run specifically for functionality of Citydao.

Resource Guilds:

These guilds are the talent and resources necessary for CityDAO to grow. These guilds will have onboarding flows and contributors that are encouraged to join and complete bounties. These guilds will have 1 (2 in rare cases) facilitators with the task of doing VERY administrative guild work and with the main focus being encouraging onboarding, helping with resource allocation, guidance on projects that have their guild involved.

Projects: ( Project Empowerment (CIP-65))

Projects are ultimately what will push CityDAO forward. Projects will be proposed via CIP flow and managed by Planning & Operations. Management for these projects will be: Helping with the CIP flow, review of team and resources required, allocation of guild resources by working with the guild lead. Oversight of current CIPs and contact with leads for projects.

Projects are designed to mainly use Resource Guilds as a talent pool for a project team to execute on something. Resource Guild Facilitators will be tasked with working with Planning & Operations to find talent within the guilds and assign them to the project team.

Implementation

Draft 1 - 9th July Draft 2 - 10th July Draft 3 - 13th July Final Draft - 17th July Snapshot - 17th July Completion - 25th July Implementation - 26th-31st July

City Court Structure - Q3

The CityDAO Court requires amendment to the charter and this document serves as an overview of the structure proposed.

Until an amended draft is completed and the CityDAO Court structure is complete, the CityDAO Mission Guild will remain intact.

New Guild Structure - Q3

Authorised until end of Q3 2022

  • Design Guild: https://drive.google.com/file/d/1fNVJVrsSK7bS3pHedIuEuApeC4z2gXfO/view?usp=sharing

  • Legal and Finance Guild: https://drive.google.com/file/d/1v78nMkJpkSpntYUBEVI9DYRWnlH16tuS/view?usp=sharing

  • Grants and Innovations Guild: https://drive.google.com/file/d/1kDQtkjqaKIQPh5EfaXHVxPkF9TizNZTx/view?usp=sharing

  • Community Guild: https://drive.google.com/file/d/1lJMh9Na6JJ_Cdlr8_HzJ5bph-KGuvYWK/view?usp=sharing

  • Education and Research Guild: https://drive.google.com/file/d/1iiTZ55KHTRY5HX9je5432Ou8C1lcw7Ap/view?usp=sharing

  • Media Guild: https://drive.google.com/file/d/12ah723RAkZF9y4FjTIpjfpXS1qM1p5In/view?usp=sharing

  • Planning & Operations Guild: https://drive.google.com/file/d/1FcEeOVEMUQ-hmUaUHwsLn4Lgy1hjFdvV/view?usp=sharing

  • Real Estate Guild: https://drive.google.com/file/d/1zPldvUa4FSh8t_zTvV59uIUcOUELtsS2/view?usp=sharing

  • Development Guild: https://drive.google.com/file/d/1J-9hQEtWZcnsQZWTmzeLnac6FjzxQ8vw/view?usp=sharing

Q3 Budget

https://docs.google.com/spreadsheets/d/1J8DHB2iFPf0tmNB8LrYCV0PUacDRVM22TtCO_6a_CyU/edit?usp=sharing

Authorised until end of Q3 2022

QUADRATIC SQUARE ROOT VOTING APPLIES TO THIS CIP. THE RESULTS OF THIS CIP WILL BE DETERMINED BY RUNNING CHOICES THROUGH A QUADRATIC SOLVER.

APPROVE
2 votes
2 years ago

CIP-102: Acquire Baby Parcel for NFT Leases

Proposal full text:

https://forum.citydao.io/t/cip-102-acquire-baby-parcel-for-nft-leases/1625

Summary:

This proposal aims to acquire a small piece of land and authorizes off-ramping $9,999 for acquisition of the parcel that will be used for experimental NFT leases. The project will serve as a prototype for the Big Parcel project and leases will be made available to Citizens. The project team will research parcels and give the community a few parcel options to choose between.

We propose the Baby Parcel project, with 3 goals:

  • Purchasing a parcel of land and make NFT land leases available to CityDAO Citizens. This will be a breakthrough crypto primitive- the first NFTs that represent rights to visit, use, and potentially even build on land. It’s a step towards land ownership NFTs.
  • Serve as a prototype for the Big Parcel (CIP 66) project and test learnings on a smaller scale while a larger land purchase is scouted.
  • Serve as a logical next step to Parcel 0, adding more rights to the NFT land agreements.
  • We view this as the training wheels for learning how to ride the Big Parcel bike with NFT leases, land purchases outside of Wyoming, and more.

Specifically, we propose to purchase a vacant piece of land in the San Luis Valley of Colorado, where land is cheap, near tourist attractions such as Great Sand Dunes National Park, and where there are minimal HOAs or land use restrictions - for $9,999 or less - and to then experiment with subdivided leasehold interests for the holders of the NFTs. For example, CityDAO could purchase a 5 acre lot for around $5k, and “subdivide” the parcel into 10 half-acre parcels that would represent certain rights related to each sub-plot (Baby Parcel NFTs). We could also look at using Harberger mechanisms for rights transfers and additional value creation for CityDAO.

Project Facilitator Team:

Josh - Project Lead, real estate transactions Scott - real estate Lyons - strategy Konrad - operations Gugz - Big Parcel liaison and planning Project Team: facilitators will select and reward up to 6 Citizens who aid the project in dev, media, and design.

Project Facilitator Rewards: $2,500 USDC + 3 Citizen NFTs each

Project Team Rewards: $1,000 USDC + 1 Citizen NFT each

Additionally - CityDAO will retain one Baby Parcel NFT and the Project Facilitator and Project Team will collectively get the right to decide what to do with said NFT as a collective team.

Please Note - the rewards are an incentive for completion of the project. Upon successful launch of Baby Parcel NFTs as determined by the multisig holders, the multisig is authorized to transfer the comp.

Benefits for CityDAO / the Community:

Community Engagement – The Baby Parcel will provide CityDAO with a project that is achievable in the short run. The community will have something to be executed about, and the “doers” can get back to work adding value to CityDAO in a meaningful way. Once news of the Baby Parcel breaks, CityDAO can expect an influx of interested and willing contributors to step forward.

Innovating in NFTs and Real Estate: the Baby Parcel will provide a safe environment to be used as a proving ground for concepts that are relevant for Big Parcel execution (for example: land token experimentation, NFT transfer of property rights, potential Harberger experimentation, NFT design and execution, etc)

“Tuition” - The Baby Parcel will be the most important learning experience yet for CityDAO. CityDAO will have the opportunity to obtain intel / insight into the overall process without creating a “bet the DAO” situation as will be the case by the time we wish to move forward with the Big Parcel. For a legitimately minimal expense, CityDAO can find out what does - and does not - work with respect to creating a land token standard and using NFTs to allocate property rights. Whatever CityDAO learns from the Baby Parcel, it will be money well spent for the collective direction of the DAO and our mission.

Financial Considerations - Treasury Impact. The project team requests $9,999 offramped to the CityDAO bank account upon passage of this proposal for Parcel acquisition and legal costs. Any unused funds will be returned. This represents around 0.4% of our treasury.

Process Flow/Community Touch Points: a) This CIP-102 will be put up to Forum and then Snapshot for approval by the Community through governance.

b) If approved, the Community will be asked for a temp check “taste and preferences” vote (through Discord or less formal means than Snapshot) from between 3-5 selected parcels around 5 acres (For example: https://www.realtor.com/realestateandhomes-detail/Ll-9th-St-Lot-10_Blanca_CO_81123_M90319-30673 7; https://www.realtor.com/realestateandhomes-detail/7-Sixth-St_Blanca_CO_81123_M91246-07855 1; https://www.realtor.com/realestateandhomes-detail/Estrella-Rd-Lot-11_Blanca_CO_81123_M93297-21676 4).

c) After the vote, the Project Team will offramp fiat for the purchase, closing costs, and 10 years of approximate insurance and taxes, along with a budget provision for 10% of the purchase price to be used for other operating expenses (to be held in an interest-bearing account with the intent of finding ways to pay such expenses in crypto and potentially automate such processes)

d) The Project Team will consummate the transaction using an appropriate legal mechanism, like a wholly-owned special purpose vehicle (“SPV”) incorporated and designed to handle the liabilities and related issues of purchase and subsequent operation. CityDAO will fund the SPV’s treasury with the funds needed to consummate the transaction.

e) Once acquired, the Project Team would commence meetings with the Community to build momentum for how to use the Property in the short run. The intended short term goal will be to use NFTs and/or a token-land standard to transfer as many property rights to holders as possible without creating legal risk or running afoul of the law of course. We intend to prove-out concepts using an MVP model that will be instrumental to execution on the larger vision with the Big Parcel.

APPROVE
2 votes
2 years ago

CIP-63: CityDAO Parcel Home

TL/DR: This proposal authorizes up to $650k for off-ramping from the CityDAO Main Treasury for the purchase of CityDAO Parcel Home, a multi-use property in Denver, Colorado.

PROJECT DESCRIPTION: Parcel Home can meet many of the desires for CityDAO’s next parcel and build upon what we learned acquiring Parcel 0. Our first piece of land had limited use but provided opportunity for Citizens to visit and experiment. The logical next step is acquiring a house! The idea here is that we can meaningfully expand our property rights allocations in light of actual use opportunities while enabling further community engagement and community value-add, while further allowing for experimentation around some of the radical concepts that have given CityDAO so much momentum.

PROJECT TEAM: Q2 2022 CityDAO Real Estate Guild Facilitators - Scott / Josh

PARCEL: A property in Denver with little or no Homeowners Association / “blockers”

USE: Mixed Use - Uses may include but are not limited to:

-Space for CityDAO Citizens to co-work and stay (can use blockchain based reservation system and NFT entry, and other blockchain applications -Space for Community and Facilitator Meetups/Retreats -Rental Income (AirBNB/VRBO “Season” during high tourism months) -CityDAO Sponsored Hacker Houses -Co-Working “Season” – Invite other DAOs/Projects to come and collaborate/collide -Experimental “Season” where we test unique ideas relating to Quadratic Voting, Quadratic Funding, SALSA, and other unique ways to allocate property rights (but in experimental sandbox and without long-standing consequences) -Other Uses as may be proposed by the Community from time to time

ACQUISITION PROCESS:

  1. Pass this CIP-63
  2. Project Team selects property
  3. Project Team makes contingent “cash” offer
  4. CityDAO will pay earnest money and bring selected property under contract with immediate temperature-check Snapshot to confirm property acquisition (a) If confirmed – offramp fiat and close on transaction, and will request extra fiat to place into interest bearing account for purpose of “cushion” on operating expenses, taxes, insurance, etc (b) If not confirmed – the Project team will find another property

COMMUNITY BENEFITS: Place to stay for citizens, IRL collaboration and relationship building, useful during ETH Denver, engaging project for the community to rally around, experimentation, and other efforts leading to additional positive PR from influencers / meaningful public good outcomes

FINANCIALS: Upon passage of this proposal, $650k from the treasury is authorized to be converted from ETH and off-ramped into fiat toward the purchase price, fees, taxes, and other costs related to acquiring Parcel Home. We propose moving the funds to fiat soon, in order to test the DAO’s new FTX off-ramp and to ensure CityDAO is positioned to make a cash offer.

We also point out that the funds are not "lost"; rather value is being stored in an alternative manner while creating a meaningful project that enables CityDAO to get back to building and collaborating - even in a down market.

BUSINESS MODEL / OPERATING EXPENSES: There will be no initial monetization other than possible revenue relating to renting the property out (in which case we would consider the costs of cleaning and property management to the extent they cannot be brought in-house). CityDAO may (and should) also set aside a percentage of the purchase price in an interest-bearing account as a reserve for several years of insurance, taxes, property management, and related operating expenses.

TEAM COMPENSATION: If Scott and Josh are able to execute on this Parcel Home proposal, they will be compensated with eight (8) CityDAO Citizen NFTs and $2500 USDC each, upon closing.

EXAMPLE PROPERTIES:

https://www.realtor.com/realestateandhomes-detail/3431-E-29th-Ave_Denver_CO_80205_M21190-32305

https://www.realtor.com/realestateandhomes-detail/942-Kalamath-St_Denver_CO_80204_M17758-96953

https://www.realtor.com/realestateandhomes-detail/2130-N-Marion-St_Denver_CO_80205_M15630-33889

https://www.realtor.com/realestateandhomes-detail/1620-N-Humboldt-St_Denver_CO_80218_M26143-28871

COMMUNITY INPUT: Due to the fast pace of the current real estate market CityDAO may need to make several offers and will certainly have to move quickly - making it infeasible to vote on each property individually. This proposal authorizes the Project Team to make the final call on the acquisition of the property - however the Project Team may use Snapshot and/or Discord votes to evaluate community interest in the selected property/property location.

Reject
6 votes
2 years ago

CIP 66: The Big Parcel

PROPOSAL OVERVIEW: With a “Parcel 1” proposal already up on the CityDAO Forum, we propose a concurrent “Parcel 2” project, hereinafter referred to as “The Big Parcel”. This is a proposal for CityDAO to start looking for a large parcel of land, hundreds of acres in size, in America, which could be used for various city building purposes. The purpose of this proposal is to gauge community interest before we spend time searching for and analyzing alternatives. This proposal is NOT a business plan, a feasibility report or a full explanation of a sustainable path forward nor is it a balance of costs and revenues, legal issues or actual use.

CityDAO is a groundbreaking web3 project that seeks to create a city of the future. To realize this, CityDAO incorporated as an LLC, built a vibrant community of thousands of participants, and purchased Parcel 0. CityDAO then elected a council to create the City Charter. A guild structure was developed with eleven different teams, including finance, real estate, design, development, operations and education, all for the unified purpose of building a city. We are now ready for phase two of CityDAO - acquiring more parcels to scale our capabilities on all fronts, from revenue generation to experiments and more.

Many Citizens view the future of CityDAO as a “network city,” a network of physical locations around the world owned and managed by our DAO. Within the context of this vision, The Big Parcel is intended to be the primary physical headquarters of the DAO, where large numbers of people can gather, work, and live. The Big Parcel must be a large piece of land, or a partnership with an existing city, that has structures currently ready for use. It must also be able to accommodate a much wider range of experimental initiatives than Parcel 1, including but not limited to:

Co-living Co-working Retreats City Building Public Goods management and incentive structures Experimental ownership and governance schemes (i.e. Harberger Taxes/SALSA, QF, QV) Construction and Development Fractionalization / Tokenization Affordable Housing Location for development / use of software integrations such as NFT keys to physical doors and gates, blockchain-based property mgmt, etc.

THE REQUIRED ELEMENTS OF THE BIG PARCEL ARE: Multiple existing structures that can be utilized immediately Lots of acreage, ideally 500+ Reasonable proximity to an airport Ideologically aligned municipality / existing community

THE PREFERRED ELEMENTS OF THE BIG PARCEL ARE: Land that can easily be subdivided and / or there are processes in place on the local level that make it possible if you go through the motions Flexible zoning Existing legal precedent / statutory authority for creating / incorporating a true city

PROJECT TEAM: The initial Big Parcel Team will be led by Gugz and David. Other team members and guilds will be brought on as needed. Bounties may be offered to citizens for assistance where needed.

GUILDS INVOLVED: Planning & Operations, Legal, Real Estate, Finance, Design, Research, Public Affairs

RESOURCES NEEDED: N/A

BUDGET FOR PROJECT PROPOSAL: The discretionary budget for this proposal is $10,000, to be used only where needed for bounties or expenses. None of this money will go to either Gugz or David.

BUDGET FOR THE PROJECT: TBD based on parcel chosen

FUNDING RELEASE: N/A

PROJECTED TIMELINE: The expected timeline to find The Big Parcel will be by the end of Q3 (end of August). This timeline may need to be adjusted as this is based on the availability of suitable parcels and potential unforeseen delays in government agencies replying to our inquiries.

Weeks 1-3: Search for and find 3-10 suitable parcels that meet the “Required Elements” listed above. At least one of these should be in Wyoming. This will be done through online searches and real estate agents. Other citizens may be bountied to help with this task, so long as this is done immediately. During this time, the “Big Parcel Funding Team” will be established.

Weeks 3-6: Each of these parcels shall receive a feasibility report, covering the legal, financial and public affairs assessments. Other guilds and facilitators will be tasked to help with relevant studies, such as notes on legal and financial feasibility.

Weeks 6-9: These feasibility reports will be expanded into business plans.

Weeks 9-12: The reports will be published to the community in a CIP for a one week discussion regarding preferences on parcels. It will be put to a Snapshot vote that the Big Parcel Team has the authority to make offers on the top 3 parcels. Offers will be made for the top 3 parcels. The offer that is accepted becomes the Big Parcel for CityDAO, our capital city.

ADDITIONAL INFORMATION Big Parcel Funding Team: A Big Parcel Funding Team will be created, which may include citizens from Grants, Legal and other guilds to explore how CityDAO would raise funding via possible requests for donations, NFT fractionalization, sales to accredited investors, VC involvement or other possible mechanisms. An investor deck will be created and a report prepared for each investment method.

Team Compensation: Team compensation will be addressed at a later date, subject to another CIP, when the project is farther along and/or complete.

Approve
6 votes
2 years ago
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