The humanDAO is a social impact DAO creating opportunities for millions to lift themselves out of poverty through cutting-edge crypto opportunities. Starting with the play-to-earn (P2E) market, humanDAO strives to onboard and enable the next cohort of crypto users to earn living wages for the first time in the metaverse. We are the first to leverage P2E to drive social impact and make returns for investors. A true win/win. Please read this post or this post to learn more. Or dig in deep through our docs.
As the humanDAO opens up to more members and users, we are excited to give details on our governance token, HDAO. This token will allow parties to align their incentives, foster growth, decentralize the network, and participate in DAO decision-making.
HDAO VALUE PROP
Due to the humanDAO’s business model, the HDAO token will offer exposure to multiple trends starting to take off. From play-to-earn (P2E) and DeFi to digital asset ownership (NFT).
NFT sales topped $10 billion in the third quarter of 2021
Despite the impressive showing, only about 1 million people have bought NFTs thus far. Massive room for growth.
Decentralized Finance has hit $115B in total locked value, allowing anyone anywhere to lend, borrow, invest, and trade peer-to-peer instantly.
The global gaming market reached a value of $170B in 2020. It was bigger than the movie industry and North American sports combined — before the rise of blockchain gaming and new gaming models like play-to-earn(P2E).
The humanDAO allows for multiple revenue streams (lending, renting, and selling) geared towards growth in the metaverse and beyond.
HDAO is attractive to investors seeking uncorrelated returns within the metaverse, functioning like a metaverse index.
The DAO manages assets in the treasury, giving the community a say in how it’s handled. Treasury will diversify and utilize DeFi protocols to enhance treasury yield and returns.
As assets under management grow and these virtual economies expand over time, so will the value of HDAO.
Because of this intersection of innovation and earning potential through P2E, humanDAO is in a position to onboard a massive amount of people into crypto. The demographic we cater to (underserved communities) actually need crypto and can benefit from it the most. This is how crypto goes exponential.
Through the power of tokens, one can gain exposure to the value of the community as a whole and align incentives towards the mission. Tokens will represent voting rights in the DAO and other utility throughout the humanDAO network.
The HDAO protocol is automated by smart contracts instructed by consensus through the DAO based on governance proposals. The token enables deeper engagement with the network and will act as the key to the humanDAO community. Holders of the token will be granted the ability to propose and vote on amendments to decide the future direction of the DAO. The decision-making process will occur through a governance forum. The forum is a place all members can share their opinion and proposals with other members.
We strive for security and transparency. Utilizing a multi-signature will alleviate fears of a bad actor. A 4 of 7 multi-sig from a diverse group of builders and partners around the industry will be announced shortly. More details relating to governance will be provided in a future post.
The structure of the DAO is also important. We will be utilizing the subDAO model popularized by Aragon. The main DAO will operate and facilitate through subDAOs representing different revenue and yield opportunities in P2E and beyond.
One subDAO will represent Axie Infinity and many more for other P2E games. A subDAO could represent the web3 version of Uber in the future or any other crypto opportunities. Within each subDAO different strategies will be utilized to maximize ROI.
We will be utilizing a Super Guild (SG) approach over the Guild of Guild (GoG) model. SG means all subDAOs share the same gov token. In GoG, subDAOs have their own gov tokens. In the GoG approach, popularized by Yield Guild Games (YGG), there is a possible attack vector by which each subDAO having its own token could incentivize one to break away from the main DAO if they reach a formidable size.
Intending to maximize HDAO value by capitalizing on groundbreaking innovations, such as NFTs and P2E, the HDAO token utilizes several streams to accrue value. The primary revenue of the DAO will initially come from leveraging DAO-owned NFT assets via lending and rental programs where members use these assets in exchange for a portion of the rewards. The value of all activities in the humanDAO will be captured in the fully diluted market cap of the HDAO governance tokens.
Utility & Value of HDAO
— Total value of the DAO’s owned assets (NFTs, game/gov tokens, SAFTs)
— Appreciation from the treasury’s DeFi yield farming
— Staking to vote and participate in the network
— Payment or funding of projects within the network
—Staking and yield rewards from the DAO’s owned assets through
Esports / tournaments
Funded projects (tokens/SAFTs)
Game developers and studios will come to humanDAO for partnerships to help foster early adoption with our built-in and growing player base, on top of the optics of partnering with a social impact project. Creating favorable terms and conditions for the humanDAO.
There will be a total of 1,000,000,000 HDAO tokens minted. Supply distribution will happen over time at scheduled phases for different purposes, and nearly 70% will be in the hands of the community.
The public sale will have a 5% allocation (50,000,000) available for purchase. A summary of the 1,000,000,000 token distribution and vesting schedule can be found below.
After the public sale is finalized, and if all tokens are purchased, there will be a circulating supply of nearly 81,000,000 tokens or 8% of total tokens.
A significant portion of the tokens will be locked and vested for four years or more to allocate and align long-term goals and incentives, keeping the future top of mind. The humanDAO network should be owned and operated by a diverse group of people. Not just those who are fortunate enough to be in crypto early. Many of the communities we look to impact are not yet in crypto or web3. Therefore, long-term thinking and engineering are needed.
With this in mind and the community allocation being the most significant portion used for different initiatives (growth, educate, and retention), it needs to be managed thoughtfully, which is why you see the ten-year vesting period for the community allocation in the above pic.
This means the total amount of HDAO in circulation will remain low after the launch. This benefits both the future members and early investors by knowing the float will be low and steady for a decade. Keep in mind, all of the gaming guild DAOs reach full circulating supply within 3–4 years.
11,000,000 tokens (2% of community allocation) are used to reward public sale participants and early members and contributors.
Token Sale Bonus
10m tokens will be used in a 20% rewards bonus program for participating in the public sale. For example, if you purchase 100 tokens, you will receive 20 bonus tokens.
1m tokens will be distributed to early community members and contributors. Any unclaimed tokens will go back to the community allocation.
Staking / Liquidity rewards
We will release more info regarding staking and liquidity rewards in a future post. We aim to utilize unique mechanics that supress dumping and reward the longterm HDAO holders.