BOOM DAO is preparing to launch its SNS DAO with a proposal to start the decentralization sale expected soon.
This post is a forum for the IC community to discuss the BOOM DAO SNS and ask the founding team and partners any questions.
BOOM DAO is a fully on-chain DAO that’s revolutionizing the gaming industry by building the gaming vertical on the Internet Computer.
Our three-fold mission is to power the next generation of fully on-chain games, drive mainstream adoption of the Internet Computer blockchain, and provide a collaborative hub for all things web3 gaming.
The lack of robust web3 gaming infrastructure in the Internet Computer ecosystem is a significant barrier for ICP games, preventing the onboarding of users, builders, and investors. The development of such infrastructure requires extensive resources, a skilled team, and substantial incentives. Current developers face steep learning curves and major barriers to build fully on-chain games, which have revolutionary potential but demand significant investment, technical support, and effective user acquisition strategies. A collaborative group of game professionals is needed to champion the gaming vertical on ICP and bring its potential to life.
To surmount these challenges, BOOM DAO assembled top ICP gaming veterans who have been building ICP games since genesis in May 2021. This team of experts spent over a year developing an all-in-one web3 gaming platform to empower a new era of fully on-chain games on the Internet Computer. As a community-owned DAO, we democratize game development, providing developers with comprehensive on-chain game toolkits, technical support, funding, gaming guilds, and effective user acquisition strategies.
BOOM DAO’s products include:
The SNS empowers collective governance and resource pooling, fostering a collaborative environment where all stakeholders are incentivized to contribute to infrastructure development and compound network effects. BOOM DAO’s mission is not just to build infrastructure, but to advance the ICP gaming ecosystem, reduce barriers to web3 game development and accelerate the growth of fully on-chain gaming.
Here is the link to the BOOM DAO Whitepaper. Please read it before asking questions as hopefully they will already contain many of the answers.
- As detailed in our whitepaper, we are targeting a minimum of 400,000 ICP to a maximum of 800,000 ICP.
- We are seeking 240,000 ICP from the Neuron Fund, which constitutes only 5.7% of the Neuron Fund’s holdings at the time of writing. This is significantly below the guideline that limits the Neuron Fund’s contribution to a maximum of 10%.
- We are selling 40% of the total token supply to the community in our decentralization sale. This is the largest amount ever allocated to the community in an SNS sale, and it will maximize BOOM’s decentralized governance.
More details about the distribution and SNS configuration can be found in the Tokenomics section of the whitepaper.
We are excited to champion the gaming vertical on the IC and transform BOOM into the DAO for all ICP games!