Metacoin and Decentralized Project in March 2022

Creatives
1

Proponent: Metaverse DAO
NEAR account for payment: metaverse-dao.sputnik-dao.near
Project Timeline: March 5th – 31th

Objective: The main objective of this project is to feed the liquidity pool from metacoin and fund the project that was voted by metacoin holders. We also intend to open new submissions from metacoin holders.

Justification (benefits): The relevance of this project is to fulfill the ideal of decentralization over the decisions, that are the very essence of the DAOs and of NEAR Foundation intentions. This is also important because it gives an important role to the community, by democratizing part of the budget for people who values and holds our token. This has an interesting consequence, which is to give a utility to the token and probably raise its price in the market.

Project: We created the token Metacoin and put it in a liquidity pool with DAI. Our project is to keep feeding the liquidity pool, we already have a white paper (or similar document) for the token, and we will continue to publicize its swap possibility, distribute it through the community, and help metacoin holders to submit and vote.

About the Metacoin token:

  • Contract adress: metacoin.tkn.near
  • Max supply: 100,000
  • Utility: submission power and voting power on a project to be funded with 5% of our max budget.

Timeline

March 10th:

To decide what project submitted last month we will fund this month (decision by holders).

March 15th:

Feed liquidity pool.
Post in the forum about the decentralized project (open submissions).
Publicize post.

March 18th:

Start receiving submissions from metacoin holders.

March 25th:

Close submissions of projects from holders of Metacoin.

March 28th:

To expect for the project accountability.
To vote on the project to be funded next month.

Budget

300 usd in near: to feed the liquidity pool.
250 usd in near: to fund the decentralized project.

TOTAL: 550 usd in NEAR

Final Products: Metacoins distributed among community and in a liquidity pool, and a funded project of 250 usd in near budget.

Metaverse DAO

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As we are in the end of the month and nobody submitted to the project, we will use the resource of the project to put it in the liquidity pool and we are sending 10 metacoin to each DAOs that had some kind of metaverse contact with Metaverse DAO, up to 10 different DAOs:

  • Nxm DAO
  • DJ DAO
  • Kalakendra DAO
  • Muti DAO
  • Marma J DAO
  • C1 DAO
  • Governance DAO
  • Gambiarra DAO
  • VANDAO
  • The Clan DAO

Please explore our external wallet: NEAR Explorer | Account

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[REPORT]

Proponent: Metaverse DAO

NEAR account for payment: metaverse-dao.sputnik-dao.near

Project Timeline: March 5th – 31th

Highlights: We’ve put the resources in the liquidity pool, but as no one submitted to the project, we spent more 150 usd in dai that was going to the project in order to put it in the liquidity pool. We used this opportunity to give 10 metacoin for 10 DAOs that had some kind of contact with Metaverse DAO. This is a way to allow DAOs to use the Decentralized Project too. There is left 50 usd in dai in the treasury concerning this project.

Learnings: We learnt we have to make more publicizing, in order for the people to submit to the project.

**Next Steps: to publicize the project also to the DAOs to which we gave metacoins, and ask them submit and to vote.