- The “DAO” or “Decentralized Autonomous Organization” is a fancy way of describing our Clans.
- Each Clan is a DAO: Necromancer DAO, Elemental DAO, Architect DAO, Divine DAO.
- Each Wizard NFT is automatically put into a DAO based on it’s traits. This can be identified in many ways including it’s clothes, background, prop etc.
- Upon launch of the DAO’s we will be allocating 7% of our total mint revenue to the DAO’s based on each of their NFT’s “Floor Price” (cheapest price)
- The Clan with the highest floor price will be given the most funding and the second highest a bit less etc.
- You can communicate with your DAO in the provided DAO channels found in the Warsome Wizards Discord
- In these channels, members will elect a single DAO member to run polls
- The polls should be used to decide how your DAO will be spending their DAO funds.
- There are many methods to do this but the money should be used to promote the secondary market of your clans wizards
- “Sweeping the floor” (Buying all the cheapest nft’s of your clan) is a common practice to raise the value of your DAO’s NFTs. BUT many methods are used!
- (more info on whitepaper!)
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