# Idiot DAO

## Long Term Goals

* Donate to decentralized web3 charities?

* Invest in web3 projects promoting positive action and change?

* Become a web3 project curation and/or mini-VC fund powerhouse group?

## Short Term Goals

* **Group buying**

* Include percentage to go towards Idiots to accomplish any/all long term goals

## What Do We Need To Know Now

3. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18.

## Questions

1. What are we doing? Group investment? Charity? VC funding? All of the above? We have no idea, just let it be what it is?

2. What do we expect to see from our investments?(any motivation is ok but we must be honest with each other. nothing is also an option here too.)

**3. Do we want a DAO or just a gnosis.**

**DAO and Gnosis Safe**

4. If yes to **`3.`**, do we want founding members to have higher voting weights?(should be figured out before launching DAO)

5. If yes to 3., should our Gnosis Safe(treasury) be controlled by our DAO?(can be integrated later)

**6. Should we launch on Ethereum Mainnet, Gnosis Chain(formerly XDAI) or on Polygon(formerly matic)?**

**Ethereum Mainnet**

**7. Should we have weighted voting according to how much each member holds in the treasury or 1 vote per person?**

**1 vote per person**

***8. Will there be a proposal deposit and/or a proposal reward to make/pass a proposal respectively?***

***No***

**9. If yes to **`8`**, what token should we use for voting?**

**No**

**10. Should we have a DAO on Polygon and a gnosis safe on Ethereum and Polygon?**

**Just Ethereum**

**11. What are the initial members' public Ethereum/Polygon wallet addresses they plan to use for voting in the DAO?**

**Use this submission form: ~place form here~**

**12. Primary token(ETH)**

**ETH**

***13. Proposal velocity(how many possible proposals in a day)***

***300***

***14. Voting Period(time for members to vote)***

***1-3 days***

***15. Grace Period(time to ragequit)***

***12-48 hrs***

***16. Proposal Deposit(if any)***

***None***

***17. Proposal reward(if any)***

***None***

### Irreversible

**8. 13. 14. 15. 16. 17.**

## What I Would Do (🐙Musashi13#5579)

* Launch DAO on Ethereum and Polygon Mainnets and launch a Gnosis safe with DAO Haus minion on both nets

* Minimal deposit with same reward utilizing native gas token for each net

* Velocity of 3 days with a grace period of 1 day

* No proposal deposit or reward

## Links

* https://daohaus.club/
* https://daohaus.club/docs/users/intro-dao
* https://gnosis-safe.io/

## Glossary

### Common Terminology for DAOs

#### Internal Balance

Funds that are claimable from your Member Profile which have been released to you through a funding proposal from the DAO. You may claim those funds from your Member Profile on DAOhaus

#### GuildKick

Converts any Shares into Loot, removing voting power while maintaining economic stake.

#### Loot

Grants proportionate ownership of core treasury, without the voting rights.

#### Ragequit

Burn some amount of shares and/or loot in exchange for proportionate amount of tokens in the DAO. One doesn't have to burn all shares, and can ragequit any amount at anytime.

#### RageKick

Same as Ragequit, but enforced by other members and burns all shares and loot, returning their proportionate stake to their internal balance.

#### Shares

Grants voting rights and proportionate ownership of core treasury. Shares are DAO specific and cannot be transfered or traded.

#### Summon

Launch a new DAO

#### Summoner

The original member or members who create the DAO.

#### Structural Benevolence

The structure of the organization prevents or cannot be used to prejudice certain members by nature of the organizational structure.

## Idiot DAO Proposal Instructions(Idiot Proof)

1.