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JUL DAO Treasury Management
The JUL DAO Treasury Management involves collaborative decision-making to enhance the treasury wallet. The primary aim is to foster growth, providing the organization with greater opportunities!
The JUL DAO's investment process is designed to engage JULD holders and ensure transparent decision-making.
Here's how it unfolds:
- 1.Project Discussions and Token Evaluation:
- JULD holders participate in discussions about potential projects and tokens within the dedicated Discord channel named JULDAO.
- Access to this channel is restricted to JULD holders only and verified through collab.land.
- 2.Selection of Projects:
- If the community reaches a consensus on, for instance, 3-4 tokens and a specific investment amount, the designated Guardians initiate a proposal.
- 3.Voting by JULD Holders:
- The proposal is put up for voting by all JULD holders.
- The voting period is determined, and participants can cast their votes in favor of or against the proposed investment.
- 4.Outcome and Investment Decision:
- Once the voting period concludes, the outcome is determined based on the majority.
- If the proposal is approved, the DAO proceeds to invest in the selected tokens or coins.
- 5.Private Discussion to prevent market influence:
- In this channel, discussions revolve around optimal buying and selling times for tokens to prevent undue market influence. It's important to note that no one can predict the perfect moments to buy or sell, which doesn't necessarily guarantee the creation of profits.
- 6.Profit Utilization and JULD Buyback:
- Upon successfully selling the invested tokens and realizing profits, 40% of the profit is channeled to repurchasing JULD tokens
- These repurchased tokens are returned to the DAO treasury, increasing its strength.
- 7.Future Investment and Treasury Strengthening:
- The remaining profit is retained within the DAO treasury to fund upcoming investment endeavors.
- This strategy minimizes the need to sell JULD tokens and strengthens the overall treasury value.
- 8.Gifts and Rewards for Active Participants:
- Active participants who actively engage in the voting process are acknowledged and rewarded.
- The distribution of gifts and rewards is decided through further voting and communicated within the community.
- 9.Project Analysis - 10% Boost
- Going forward, a notable 10% of the profits will be dedicated to the first DAO members who propose projects that result in the DAO's token acquisitions. These proposals undergo diligent analysis, and you can delve into the specifics and share your insights in the dedicated JUL DAO Discord channel: https://discord.gg/CBcbZdp76B.
We maintain two distinct Multisig Treasuries to enable investments across both chains. The release of these treasuries is orchestrated by Multisig members, who act in accordance with community proposal votes.
Multisig Treasury Ethereum
Multisig Treasury Polygon
Community Voting Platoform (Binance Smart Chain JULD Token Contract: 0xf5D8015D625be6F59b8073C8189BD51bA28792e1):
We have chosen to utilize Aragon as our Multisig platform alongside Snapshot for the community proposals. This decision is grounded in the platforms' success, audit, and their alignment with the necessary operational standards.