🍃The Unlimited Sesh Fund
How the unlimited sesh fund works
Last updated
How the unlimited sesh fund works
Last updated
Make sure blunts get smoked
Create a self sustaining treasury for unlimited joints, blunts, other stick based items based on NFT ownership
Give incentives for people to onboard others via Proof of Sesh
Build brand, gain revenue with other partnerships
Bleed into culture everyday culture
Create something iconic like hoggles (high noggles) and proliferate that brand
Everyday a new OUNCE is auctioned off on BASE using ETH. All that money goes to thre treasury to fund IRL (in real life) seshes and to expand the BluntDAO open source brand. In order to submit a proposal on-chain you must have 0.1% of supply (so 1 NFT until there is 1000+ NFTs ~ 2.5 years). If you do not have this rally a proposal (instructions here)
1/4.20 of the OUNCES go towards the OG Validator shortlist based on retroactive contributions. People from the original BluntDAO who have done significant work.
🙋♂️Bidding on the CollectionFor the full settings go to https://bluntdao.org/fund-settings
If through nouns.build then 2.5% goes to Zora's Builder DAO. Reccomend use blunts.wtf app
Duration: How long an auction runs for: 1 day
Reserve Price: Minimum bid amount required to start an auction. 0.021 ETH around ($60+ depending on price of Eth)
Proposal Threshold: Min percent of total votes (NFTs) balance needed to put a proposal to a vote.: 0.1%
Quorum Threshold: Min percent of total For votes (NFTs) required for a proposal to pass. 10% required. Example, if a proposal does not get 10% of NFT holders by the end of proposal, proposal will fail.
Additionally votes can be delegated to other accounts to streamline active voting.
Best practice to keep treasury alive
Amount | Reason |
45% | Fund localize IRL seshes |
30% | In treasury for runway |
15% | Tech innovation |
5% | Operation and coordination |
5% | Art, culture, products |
