Franken DAO
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Overview
An Overview of Franken DAO

The Vision

The mission of the FrankenDAO is to create value for FrankenPunk holders through the ownership of our CryptoPunks and their IP, the utility of one's FrankenPunk, and by giving community members the launch pad to create their own products that benefit the FrankenPunk brand, holders, and the broader Web3 community.
The goal is to create something known as the "virtuous cycle". The virtuous cycle is one in which its components build off of each other. When separate, the FrankenPunks and the DAO are nothing special, however together, they create a community of governance and a system of ownership rarely seen in the Web3 space. (Revised off of the Nouns DAO 'virtuous' cycle).

Core Values

  • Transparency and ownership of decisions within the FrankenPunks Community
  • Stewards of CryptoPunks and the DAO Treasury
  • Empower creators to grow alongside the FrankenPunks Community
  • Create and propose new Community initiatives
  • Positively shape the broader web3.0 community
  • Treat one another with respect and integrity

How It Works - Simply Explained

Franken DAO members are classified into two distinct categories:
  1. 1.
    Active Members - Active participants in the DAO (vote, propose, discuss, serve on the committee) and holders of FrankenPunks
  2. 2.
    Passive Members - Holders of FrankenPunks NFTs, passive members of the DAO, not responsible for executing or voting on proposals but can comment on proposals and apply to be a project manager
There are only Five Functions of the DAO
  1. 1.
    Propose
  2. 2.
    Vote
  3. 3.
    Serve on the committee (v.2)
  4. 4.
    Execute proposals
  5. 5.
    Evaluate proposals (v.2)
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Outline
The Vision
Core Values
How It Works - Simply Explained