Upcoming SNS DAO for $MOTOKO

Governance SNS Project Governance
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I. Introduction

The saga of $MOTOKO finds its genesis with Motoko Ghost NFTs; meticulously crafted artworks by Jon Ball of Poked Studios. These digital marvels, finding sanctuary in the hands of trailblazers of the Internet Computer, have taken on a life of their own, casting an enchanting spell upon the imaginations of adventurers traversing the digital expanse. Thus, a community was forged, bound together by a shared ethos of community and collaboration.

Finding life in Motoko Ghosts, $MOTOKO was manifested from the collaborative synergy of Accumulating.ICP and Sonic. Reflecting the total supply of Motoko Ghost NFTs, which stands at 10,000, there exist exactly 10,000 $MOTOKO tokens. This equivalency paved the way for a momentous 1:1 airdrop of $MOTOKO to Motoko Ghost NFT holders, solidifying the symbiotic relationship between the two entities.

At the heart of this burgeoning movement lies the Motoko DAO—an autonomous organization fashioned with the mission of stewarding the Motoko brand with unwavering integrity and inclusivity. Through a governance model steeped in decentralization, we aim to collectively chart the course of Motoko, drawing from the wellspring of our communal wisdom to navigate its trajectory with astuteness and foresight.

As the sun rises on the horizon of possibility, the Motoko DAO stands as a testament to the indomitable spirit of collaboration and innovation within the Internet Computer ecosystem. Together, we embark on a grand odyssey—a journey of discovery, transformation, and empowerment.

Through Motoko, we weave a tapestry of shared dreams and aspirations—a legacy that shall endure for generations to come.

II. Vision of $MOTOKO

In charting the future of $MOTOKO, our goal is to foster the seamless intertwinement of creativity, community, and technology, weaving an ecosystem of innovation and inspiration. Our vision extends beyond the realm of digital assets; it encompasses a holistic environment where every individual is empowered to contribute, collaborate, and flourish.

At the heart of our vision lies a commitment to community empowerment and brand elevation. Through the utilization of an SNS DAO, we establish a space where collaboration thrives, aiming to propel the Motoko and ICP branding to newfound levels of success & recognition. By harnessing the collective wisdom of our community, we aim to cultivate a culture of innovation and excellence that resonates across the digital landscape.

Together, we look towards a better tomorrow, for Motoko.

III. Tokenomics & SNS Parameters

The official SNS .yaml file will be provided within this forum prior to the NNS proposal of the Motoko SNS.

Token Distribution

SNS Token Supply | 10,000 $MOTOKO

Reserved for 1:1 Swap | 9994 $MOTOKO

Custodians (Each user submit 1 $MOTOKO) | 5.9999 $MOTOKO

SNS Decentralization Sale | .0001 $MOTOKO

Decentralization Sale Parameters

Total number of tokens to be sold | .0001 $MOTOKO

The maximum ICP to be raised | .0001 $ICP

The minimum ICP to be raised | .0001 $ICP

Amount of ICP requested from Neuron Fund | 0 $ICP

Length of Swap | 7 Days

Minimum number of swap participants | 1

Minimum ICP per buyer | .0001 ICP

Maximum ICP per buyer | .0001 ICP

SNS Parameters

Transaction fee that must be paid for ledger transactions | .0001 $MOTOKO

Number of tokens that a rejected proposal costs the proposer | .25 $MOTOKO

Minimum number of tokens that can be staked in a neuron | .001 $MOTOKO

Initial Voting Period for a Proposal | 4 Days

Maximum Voting Period for a Proposal | 5 Days

Minimum neuron dissolve delay to vote | 7 Days

Maximum neuron dissolve delay | 7 Days

Maximum age for age bonus | 365 Days

Maximum age bonus | +25%

Percentage of total supply that will be generated annually for rewards | 0

IV. SNS Management

  1. Handover to NNS: Upon completed preparations, control of the $MOTOKO canisters will be transferred to the NNS to initiate the SNS Sale.
  2. Token Distribution Management: The NNS oversees the $MOTOKO token distribution, offering .0001 tokens for public purchase, designating 9994 tokens for the DAO treasury, and allocating 5.9999 tokens to the custodians.
  3. Token Swap: The SNEED 1:1 Swap Canister has been forked to serve an identical purpose for $MOTOKO. A proposal will be set forth & accepted by custodians to transfer 9994 $MOTOKO from the treasury to the $MOTOKO 1:1 Swap dApp, offering existing holders the ability to convert ICRC $MOTOKO to SNS ICRC $MOTOKO - enabling decentralization of the SNS.

Controlled Canisters

1:1 Swap Canister will be supplied alongside .yaml

Custodians:

Bug Slayer of Sonic
https://twitter.com/bugslayer27

Accumulating.ICP of $STACK
https://twitter.com/accumulatingicp

RemCodes
https://x.com/rem_codes?s=21&t=p9K9YrK2DF2OD_cPX2QYTA

BobbyO
https://twitter.com/bobbyo_

Contingencies and Proceeds

Sale Failure Scenario: Should the SNS Sale not meet its objectives, control of the $MOTOKO Canisters revert to the Sonic Team.

Successful Sale Outcomes: In case of a successful sale, the NNS will formalize the Motoko SNS, transitioning control and resources to the DAO.

V. Resources and Links

ICP dApp: https://2uktw-yiaaa-aaaah-adwxq-cai.icp0.io/

Github: GitHub - sonicdex/motoko-token-canister: motoko-token-canister with claim functions for eligible users

Twitter: https://twitter.com/motokoghost

1:1 Swap Development work by: @rem.codes @Sneed

Claim Page Development work by: @Bugslayer @sideffect0 @memecake

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Confirming my participation as custodian.

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Good to see $MOTOKO and MOTOKO NFT moving forward. Really like the NFT.

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I love ICP, I love Motoko, but I don’t like those who raise money using illustrations that are not their own and without revealing a clear idea of what you want to achieve. DAO for DAO’s sake Why does motoko need DAO?

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Good job guys. Excited to see where the Motoko DAO will be in 5years. Bullish.

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These digital marvels, finding sanctuary in the hands of trailblazers of the Internet Computer, have taken on a life of their own, casting an enchanting spell upon the imaginations of adventurers traversing the digital expanse.

Reflecting the total supply…This equivalency paved the way for a momentous 1:1 airdrop.

At the heart of this burgeoning movement lies the Motoko DAO—an autonomous organization fashioned with the mission of stewarding the Motoko brand with unwavering integrity and inclusivity.

Through Motoko, we weave a tapestry of shared dreams and aspirations—a legacy that shall endure for generations to come.

In charting the future of $MOTOKO, our goal is to foster the seamless intertwinement of creativity, community, and technology, weaving an ecosystem of innovation and inspiration. Our vision extends beyond the realm of digital assets; it encompasses a holistic environment where every individual is empowered to contribute, collaborate, and flourish.

Etc., etc.

…

Who wrote this?

Is this a real proposal?

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ChatGPT proposal I guess… we should be serious and get rid of memes on SNS

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As far as I understand, they are not raising money, simply forming a DAO.

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It’s disappointing but let’s give them a chance. I’ll go through the post in an attempt to seek clarity.

First paragraph:

No comment.

Second paragraph:

Finding life in Motoko Ghosts, $MOTOKO was manifested from the collaborative synergy of Accumulating.ICP and Sonic.

Q.1: When/how was the original idea for $MOTOKO conceived?

Q.2: When did the “collaborative synergy of Accumulating.ICP and Sonic” begin?

Q.3: Was there an initial discussion with DFINITY about the use of the MOTOKO brand?

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Happy to participate. :100:

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Quite some time ago I was approached by @Kyle_Langham in regards to potential airdrop ideas for the community - at the time, I didn’t have anything on my mind, however after some thought, I began to think that the Motoko branding could be leveraged into much more than it is now; a multi billion dollar company if done correctly.

Upon forwarding this concept, interest was shown, however I was informed that DFINITY did not feel comfortable, from a legal perspective, creating & airdropping yet another token - so I asked if I could execute the project since they couldn’t, and got a greenlight.

From there, I contacted Jon Ball, requesting permission to use the Motoko branding to perform this token drop. Again, we received a greenlight.

Finally, I got in contact with @memecake & the Sonic development team in regards to executing the airdrop & creating the token in a trustless manner, and again, they were more than happy to help.

That process took less than a day, and I have since been in consistent communication with DFINITY & mentioned parties on achieving SNS, and the direction we take after the fact.

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My Named Neuron has voted no on every SNS to date (that I’ve been available to vote on) - so that shouldn’t say much. Does participating in the sale get me brownie points?

& $STACK is currently transitioning to one of the first fully functioning stake based DAOs on ICP outside of the NNS/SNS - give us a minute :handshake:

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$STACK is a governance incentivization tool of $ICP.

$SNS1 was a blank slate & is now Dragginz.

$SNEED was a blank slate & is turning into a development hub.

$MOTOKO has the potential to govern a branding.

They genuinely, are not comparable.

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Hi, thank you for that response.

Could you provide a little more clarity on the following:

“Upon forwarding this concept, interest was shown, however I was informed that DFINITY did not feel comfortable, from a legal perspective, creating & airdropping yet another token - so I asked if I could execute the project since they couldn’t, and got a greenlight.”

From this I gather you conceived the idea of the $MOTOKO token? Who is your contact at DFINITY and when did you approach them for approval? Was it months/weeks before the airdrop?

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That is correct, and as mentioned, I began my communications with Kyle, however this quickly expanded to include Andrew & Lomesh.

The planning & announcement happened within 24 hours, the drop itself took about a month to actuate from the development side.

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Thank you, it makes sense that Lomesh was able to give the green light.

Which Andrew are you referring too? 24 hours is a great turnaround, that’s really good to see. I vaguely remember the token launch. Was it on the same day Kyle posted this, 17th January?

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I believe the actual airdrop itself commenced on the 30th of January.

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What do you mean by this?

Who are the team behind SNEED/STACK?

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Seperate teams - SNEED is anonymous to my knowledge, whereas $STACK is a project I’ve been working on.

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Ok, thank you.

STACK is your project or do you have a team?

Does anyone know who are the SNEED team? I’ll review their recent SNS proposal.