Description
Public Nouns DAO supports public goods by auctioning one NFT every 12 hours, generating a continuous stream of ETH for its treasury. This funding mechanism ensures a steady flow of resources, which are allocated to various projects through a transparent governance process. Community members discuss proposals on Discord, refine them on the forum, and vote on viable ideas on-chain, with each NFT representing one vote. Initial funding was bootstraped through these auctions, leveraging community decision-making to align projects with the DAO's mission of promoting public goods.
Value Proposition
Public Nouns DAO is focused on supporting and funding public goods through a unique and continuous funding mechanism. By minting and auctioning one Public Noun NFT every day, the DAO generates a steady stream of ETH, which is then allocated to various public goods projects.
Governance
Public Nouns DAO's governance process is designed for active community involvement and transparency. Members first discuss their ideas on Discord to gather support and refine proposals. Once a proposal has enough backing, it is submitted on the forum for further discussion. If it appears viable, it is moved to an on-chain vote, where each Public Noun NFT represents one vote. This system allows members to participate directly or delegate their voting power.
Tokenomics
Public Nouns DAO employs a continuous funding mechanism by auctioning one Public Noun NFT every 12 hours. All proceeds from these auctions are directly deposited into the DAO's treasury. This method ensures a steady stream of funds, enabling the DAO to support various public goods projects without relying on external funding sources.
Previous Funding
The initial funding of Public Nouns DAO is much like its predecessor Nouns DAO. Funding was bootstraped through regular NFT auctions. The funds raised are then utilized to support various projects and initiatives that align with the DAO's mission of promoting public goods. This model leverages the collective decision-making power of the community, where each NFT holder has one vote in governance matters
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