--- tags: Rangers, Notes --- # "Transmutation Initiation Event" Notes Offering - legal, security ramifications Opportunity - Possible same as above - Seems ok @billw Transmutation - too esoteric, DAO Bootstrap Protocol Initial Membership Opportunity (IMO) Community Token Initialization Community Garden Plan the garden Invite gardeners Plant the garden Sow the seeds Harvest crops, yields Transmutation => Germination Metamorphosis Timeline of events/processes - "IDO" Initialization - Community Contribution Window R1 = IDO R1 Bootstrap/Seed - Community/Product Development = Transmutation - Community Contribution Window R2 / Series A - ... - Self Sustaining Product/Community/Token Economy The event is the community's decision to intentionally open their community for external contributions. Transmutation is the process Seed Bootstrap Transmutation Initialization Massively Multiplayer -- DAO with shares open up loot with transmutation -- ## Transmutation When your money gets spent by the community, a proportionate amount of community tokens are sent back to the community bank, representing a token of your contribution. ## Ragequit Because it's a Moloch DAO, you can ragequit at anytime which burns your loot, and returns your proportionate share of the community bank, including any remaining funds not spent from your original contribution as well as any community tokens that have been transmuted. ## Community Benefits By using transmutation with a Moloch DAO, you greatly lower the coordination cost of contributors.