What is Walrus DAO? We are a Decentralised Autonomous Organisation on the Ergo blockchain. Our purpose is to fund a treasury of Ergo NFTs and fungible tokens owned by the community. Members will vote on how funds are spent and on which artists.
How will the DAO work? The Paideia DAO platform will be utilised to manage the treasury in a distributed fashion. Members' voting power will be equal to the percentage of WALRUS tokens they own.
How can I get WALRUS tokens? The governance tokens are airdropped to holders of our NFTs after a new series drop. Each holder of an nft at the snapshot will receive 1,000 WALRUS tokens. For each NFT sale, 5 ERG goes to the treasury.
How many WALRUS tokens are there? 10,000,000
What is the WALRUS token distribution? 80% will be airdropped to holders of future NFT releases. 10% will be allocated for DEX liquidity and another 10% will be sold in a private sale to fund the ERG pair on the DEX. The LP tokens will be added to the DAO's treasury assets. The private sale will be priced in a way that doesn't dilute token holders' value. The sold WALRUS tokens will also be added to a DEX with a lock-in period.
How will the value of the treasury rise? First, let us say that purchasing a Walrus DAO NFT or the WALRUS fungible token comes with no promise of future monetary returns. That said, the treasury can grow in value by an increase in value of the NFTs which it holds (the value of the NFTs might also fall). The treasury will also receive a share of royalties from NFT sales. Treasury liquidity on Spectrum might also generate fees.
Why do a private sale? The purpose of the private sale is to raise capital for the liquidity pair on Spectrum. The sale price will be the same as the price of the token when the liquidity pair goes live on the DEX, which means that it isn't being sold at a discount. It needs to be a private sale, because there is a condition that the purchased WALRUS will also be added to Spectrum.
How decentralised is this project? In the beginning the project will be quite centralised. Paideia hasn't launched yet and WALRUS tokens will be held in a separate treasury while they are being distributed as NFTs are sold. Until Paideia launches, voting will take place in the Discord server. Within one year, the DAO will be fully decentralised and autonomous.
Will the NFTs have any utility after the WALRUS token airdrop? Yes. When all the WALRUS tokens have been distributed to NFT holders, there will be a 1 to 1 airdrop of a unique generative piece to every NFT holder.
How will the DAO work? The Paideia DAO platform will be utilised to manage the treasury in a distributed fashion. Members' voting power will be equal to the percentage of WALRUS tokens they own.
How can I get WALRUS tokens? The governance tokens are airdropped to holders of our NFTs after a new series drop. Each holder of an nft at the snapshot will receive 1,000 WALRUS tokens. For each NFT sale, 5 ERG goes to the treasury.
How many WALRUS tokens are there? 10,000,000
What is the WALRUS token distribution? 80% will be airdropped to holders of future NFT releases. 10% will be allocated for DEX liquidity and another 10% will be sold in a private sale to fund the ERG pair on the DEX. The LP tokens will be added to the DAO's treasury assets. The private sale will be priced in a way that doesn't dilute token holders' value. The sold WALRUS tokens will also be added to a DEX with a lock-in period.
How will the value of the treasury rise? First, let us say that purchasing a Walrus DAO NFT or the WALRUS fungible token comes with no promise of future monetary returns. That said, the treasury can grow in value by an increase in value of the NFTs which it holds (the value of the NFTs might also fall). The treasury will also receive a share of royalties from NFT sales. Treasury liquidity on Spectrum might also generate fees.
Why do a private sale? The purpose of the private sale is to raise capital for the liquidity pair on Spectrum. The sale price will be the same as the price of the token when the liquidity pair goes live on the DEX, which means that it isn't being sold at a discount. It needs to be a private sale, because there is a condition that the purchased WALRUS will also be added to Spectrum.
How decentralised is this project? In the beginning the project will be quite centralised. Paideia hasn't launched yet and WALRUS tokens will be held in a separate treasury while they are being distributed as NFTs are sold. Until Paideia launches, voting will take place in the Discord server. Within one year, the DAO will be fully decentralised and autonomous.
Will the NFTs have any utility after the WALRUS token airdrop? Yes. When all the WALRUS tokens have been distributed to NFT holders, there will be a 1 to 1 airdrop of a unique generative piece to every NFT holder.