Proposal is for a 100,000 USDC financial contribution to DoinGud through the DXventures program.
DoinGud first introduced on the public forum on May 9th: DoinGud Introduction.
Next, Manu Alzuru and Andrew Kline, two co-founders of DoinGud, joined a community call on to present the project on May 16th: DXbiz Weekly Gathering [2022-05-16] - YouTube
Now, the partnership proposal is being made here for open discussion, questions, and feedback in advance of an on-chain vote.
To start, the DoinGud team has built a beta social marketplace where every transaction “does good”. Initially creators choose verified charities to stream a minimum 5% of primary sale proceeds and 2.5% of secondary sale royalties. The beta-version is already live and building traction at (https://doingud.com/) with top national geographic photographers and other great creators in the space onboard.
Next, DoinGud is adding curation mechanisms allowing anyone (individuals, DAOs, collectives, brands) to curate digital content from various creators for hosting exhibitions, releases or drops. With this foundation in place, DoinGud is positioning itself with a strong product and community to launch their DAO and native token that will have utility in the platform to reward contributors, incentivize participation of all the key players in the system (creators, collectors, social causes, donators, curators, media, agencies), and provide governance when staked.
That is just the beginning. The ultimate vision is to build and integrate an open protocol that will leverage a token curated social cause registry that any other platform, marketplace, or protocol can plug into and stream money to the social causes that we care about. With this, DoinGud intends to disrupt every business model to be infusing social impact into its core offering by transparently supporting social good.
Furthermore, the DoinGud protocol will empower impact communities to:
- organize around common impact and humanitarian purposes
- build treasuries from an initial token raise and direct contribution of funds (NFT proceed sales, ERC-20 and native tokens) or other digital assets (NFTs, LP tokens and others)
- connect directly with the creative communities to stream proceeds from NFT sales
- transparently disperse funds to impact makers working towards said impact purpose
- reward impact reporters sharing the stories of impact makers
- leverage curation incentives to efficiently allocate funds to the various impact makers (Impact DAOs, Non-Profits, NGOs, Community Groups)
DoinGud has also been building a strong reputation in the space working with reputable projects such as Gitcoin and IRL Art (hosted their NFT exhibitions at EthDenver), Giveth, Filecoin, Arweave, MME (top firm in switzerland that launched Ethereum, polkadot, etc), Ceramic Network. DoinGud also has a power packed group of advisors supporting them including Simona Pop, Griff Green, Scott Moore, Auryn MacMillan, Ben Lakoff, and more.
DoinGud completed its first fundraise last year using a decentralized approach by refusing to have a lead investor in favor of sharing smaller allocations to more long-term, value-aligned partners.
Key materials of DoinGud can be found here:
DoinGud Video Presentation: DoinGud Presentation - YouTube
Litepaper: DoinGud_Litepaper_2.0_2021.09.30.pdf - Google Drive
Financial Contributors: https://twitter.com/DoinGudHQ/status/1443294519873597440
Key Social Links for DoinGud can be found here: DoinGud | Linktree
DXdao <> DoinGud Collaboration
In the Web3 space, creating a mesh network of value-aligned communities fosters a vibrant foundation to continue growing together. This value alignment shines very clearly though our belief in the utmost importance of decentralization, which is core to our infrastructure as we incorporate decentralized identities, decentralized storage networks, onchain royalties, curation proposals onchain and other architecture decisions that will put DoinGud as a web3 native platform + protocol.
As connected communities, DoinGud and DXdao benefit from each other’s successes and are further motivated to support one another in numerous ways.
Specifically, DoinGud provides a warm entry point into the NFT landscape with initially a social platform for DXdao to mint, collect, and curate NFTs.
Additionally, DoinGud serves as a way for DXdao to be part of the beginning of the “Decentralized Social Impact” movement and culture. With the creation of the DoinGud Protocol, DXdao will be able to plug existing and future products and services into the protocol and allow users to transparently stream money to the Impact Guilds, Impact Makers and Impact Reporters with the use of NFT sales, Impact Yield Farming, or even simply direct donations.
There are also numerous opportunities to collaborate around events (ETHBarcelona), NFT Drops/ Exhibitions, joint communications campaigns (DoinGud has a great content team).
If a proposal is passed, DXdao will be presented with the “Early Contributors Agreement” specifying the planned future allocation to DXdao of DoinGud’s tokens to be released, called $AMOR
The allocation would be representative of the 100,000 USDC contribution at a $30m valuation with 2 years continuous vesting from the token distribution event. For reference, the team, advisors and partners all have 3 years vesting. At the token distribution event, all allocations (team, advisors, partners, financial contributors) will be diluted pro-rata depending on the new allocation for the Community / DAO treasury, and other potential new pools.
If the DXdao community signals interest in going forward with a 100,000 USDC contribution to DoinGud, an on-chain proposal will follow.