---
# System prepended metadata

title: BountiesDAO
tags: [Mystic Whales, ' Template']

---

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tags: Mystic Whales, Template
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# BountiesDAO

**Background**

**Objectives**

Create an open bounty ecosystem, share bounty listing, share onchain
create existing protocol, that was sunset, and now with DAOs resurging, bounties are needed to help communities grow

**Goals**

People to build bounties, Share tools, 
Web2 mindset, create bounties in their own silos, use bounties as most to get customers
Create mindset of abundance, and build value on top of that, not a zero sum game

1. Trying to launch v3 of the protocol
2. The code is old, and want to build new infrastructure, so that anyone can build a subgraph or any marketplace around it.
3. Want people to experience new ways to participate with it

**Scope**
1. Need funding to get this out the door
    - need grant funding to get initial v3 launch, $60K - $70K to relaunch
    - funding to pay community contributors
3. what's the model in how we involve the community, through a token model
    - incentivize the participants
    - incentivize people to build on the marketplaces (Shopfiy, marketplaces to inlist the platform
    - should it be utility or governance
5. another round of fundraising
    -  community raise
    -  amount 18 - 24 months, ~ Pre-Seed, less from VC, <$1M, what is the market cap? 
    -  Early 2022, token launch, how to we time the fundraise with the launch, should they be decoupled

4. Navigate regulatory 

**Milestones** 

- Created a gift for the commons, a revive a protocol
- Right product, wrong time
- Created an incentive structure to kickstart the ecosystem
- build the ground work for hundreds of marketplaces

Dates:
- V3 Launch, Q4 2021
- $70K raise, Q4 2021, engineering, auditing
- Pre Seed $1M, Q1 2021
- Token Sale, Q1 2022

Ship and then raise

Capital
EF foundation gave grant to fund bounties, The Graph

Future Considerations

Out of Scope
Development

Project Exit

**Key Stakeholders**

Rabbit hole is involved, Web3 Foundations, different DAOs
Tarun - 
Ryan - The graph
Mark Beyin - 
User onboarding - 
Partnerships - 

Development:
1. restricting fulfillment - Janille 
2. DaimondDAO team - creating subgraph
3. Explorer work - TBD engineer (Tarun)
4. Guides of the group - Yalor 

Roles are not specifically defined

**Constrains/Assumptions/Risks/Dependencies**

Bandwidth of core team being able to build and raise at the same time


**Deliverables**



Questions: 
Is this Consensys/Mesh?
- Consensys Labs discontinued with Bounties
- If Bounties issue a token kick-back to Consensys
- Copyright MIT licensed

$TBD: The BountiesDAO Token different than the OG tokens? 
- never did a token
- 






RESOURCES
https://bountiesdao.notion.site/Building-an-Open-Bounty-Ecosystem-bee039eee3784d3e8eb01af8eab5c500