🐿️

Community Treasury

The Genesis Project Community Treasury is the custodian for the Genesis Project DAO's community wallet — responsible for advancing development of the Genesis Project and bringing the wider Lootverse to life, done so by executing

actions voted on by the DAO.

Principles

‣
Principles for Treasury Management (click to expand)

Usage / Utility

What will the Community Treasury be used for?

The Lost Mana and other funds collected by the Genesis Project DAO will be used to:

  • Reward and encourage active community development (Guides, new team members, one-off projects, etc)
  • Support art and artists
  • Support development projects, like if we wanted to launch a profile picture NFT project, of 1:1 GA profile pictures
  • Support community management and outreach
  • Create fun rewards, prizes and side quests for players
  • Help build bridges across the Lootverse with challenges, collabs, gifts, and surprises
  • Support dev of future, major Genesis Project chapters

And anything else we can dream

What is in the Community Treasury?

‣
What is in the Community Treasury? (click to expand)

See below for more details

  • 1,084 Lost Mana belong the community
    • This is ~5% of total Genesis Mana
  • ETH from GA resurrections
    • Today this is set to 75% of the GA mint fee (with 25% going to
      🙏🏽
      Founder Rewards
      )
      • Originally a portion of the community treasury was split between the 16 specific ”Order” wallets, but it was too chaotic having 17 different gnosis wallets.
  • Royalties from OpenSea

Model for
🙏🏽
Founder Rewards
+ Donations to the Community Treasury

‣
Rewards & Donations: Details

Lost Mana

  • 2,167 (out of the total 20,320 Genesis Mana) are claimable by the Genesis Project. This Lost Mana is what helps players complete the sets of every one of the 2,540
    Genesis Adventurers
    Genesis Adventurers
    , with no
    Genesis Mana
    Genesis Mana
    leftover.
    • Half of the will be donated to the Community Treasury
      • This equates to ~5% of the total
        Genesis Mana
        Genesis Mana
      • This can be used to support rewards, side quests, collabs, art, and anything else that the community can dream up.
      • This can also be used to reward our active Guides and future team members that emerge from the community
      • This portion of the community wallet will be steered by the community
    • Half of the will be rewarded to the Founding dev team
      • This equates to ~5% of the total
        Genesis Mana
        Genesis Mana
        • We are heavily inspired by Nouns.wtf which has a 10% Founder's reward, so we feel that ~5% of the Mana for Genesis Founder Rewards is fair and has a good precedent to point to.

Resurrecting GAs

There’s a mint fee to resurrect a Genesis Adventurer that helps fund the Genesis Project, and set the stage for Orders of Adventurers to fund their own side quests, artwork, or anything else they can come up with.

GA Mint Fees

  • 0.25ETH per GA resurrected, through 300 GAs
    • Withdrawn from the contract at 100 GAs resurrected, and every 50 after that (roughly, depending on when the treasurer is online!)

Methodology

  • Mint fees distributed as soon as possible after withdrawal.
  • 75% to the Community, steered by the GA holders to:
    • Reward community members and new core team members that emerge from the community
    • Fund art and other proposals within the 16 Orders (of the Fox, Brilliance)
    • Facilitate trading, rewards, side quests, and collabs across the whole Genesis community.
    • Fund future chapter development.
  • 25% to the Founder Reward
    • Distributed in 8 installments (12.5% of share), every 2k GMs minted

OpenSea Royalties

  • There’s a 2.5% royalty on GM and GA sales.
  • 50% donated to the Community Treasury
  • 50% as Founder Rewards

Visit

to see the breakdown described above in table format.

Timing

‣
How does the Treasury Distribute Assets and Tokens?

The Genesis DAO has established a set of milestones related to each distribution.

‣
Lost Mana
  • Every 2k GM mints, 1/8 of the Founders' share of Lost Mana is minted and distributed.
‣
GA Mint Fees
  • Every 100 GAs minted, 25% of collected mint fees will be distributed to the Founders.
‣
OpenSea Royalties
  • Every month, 50% of OS Royalties will be distributed to the Founders.
‣
$GENESIS Tokens (deprecated)
  • When a new Guide is initiated, they receive 2,500 $GENESIS tokens (10% of the total possible token ownership for a Guide).
  • TBD on schedule to distribute remaining tokens already allocated.
  • TBD on basic rules to ensure inactive Guides do not continue to receive additional voting power (ex: 2 weeks of unexpected inactivity in Discord disqualifies a Guide from receiving further $GENESIS tokens. Vocalized absences, vacations, family matters, etc exempted, in alignment with the project's vibes and values - family first, it can wait till morning.)

Bookkeeping Tables

‣
Community Wallets

🏦
Wallets

NameAddressWallet TypeRainbow LinkENS
Genesis DAO Community Wallet #1 (Gnosis Safe)
0x96f47d56F25D2bA629db1F55db0517deE67640e1
Multi-Sig
Genesis DAO Community Wallet #2 (genesisproject.eth)
0xfCCe78aBc832BC9f7F1935e729348FaA9e959323
EOA
genesisproject.eth
Order of Power
0x1884d71487bFD7f595061221801e783EFcD0BF6A
Multi-Sig
ofPower.eth
Order of Giants
0x9BbDA2777C8623D8894b21120bEd1fFf72B024f8
Multi-Sig
ofGiants.eth
Order of Titans
0xb6b3EB3Ec30bD8979DF60D7F47b173a389310dd9
Multi-Sig
ofTitans.eth
Order of Skill
0xc3e33B881AeA922BCE6df56bC2C6f0686A3A421A
Multi-Sig
ofSkill.eth
Order of Perfection
0xdcab536Df6Dd9Ad5D332180edF1ba1ec71669Ae2
Multi-Sig
ofPerfection.eth
Order of Brilliance
0x4cF7E239F5BC882e007D9790A7B49B4abDFeB510
Multi-Sig
ofBrilliance.eth
Order of Enlightenment
0x338AEf050Ac689246490AA75B691AC03FE0a81C8
Multi-Sig
ofEnlightenment.eth
Order of Protection
0xeA0a3aae1DdA17D0a17A488196801F59cA96854C
Multi-Sig
ofProtection.eth
Order of Anger
0x1f5FE23574D5aEc1660A8c6B209135DA5723042f
Multi-Sig
ofAnger.eth
Order of Rage
0xd431a116A7d0eca9371614D5652CDfFfb7c5B6Eb
Multi-Sig
ofRage.eth
Order of Fury
0x0780529F0EcfAc1048d2fAAe5007Fe62Ce318c79
Multi-Sig
ofFury.eth
Order of Vitriol
0xf935C944A8E03181ae3229774D4B93D7BBa816D4
Multi-Sig
ofVitriol.eth
Order of the Fox
0xAba619A78032abCfE0346c1592835Df563BA3BFa
Multi-Sig
ofTheFox🦊.eth
Order of Detection
0xe1E5072FC1fF1A419D17bF9B5C5b6Ddd12c19F08
Multi-Sig
ofDetection.eth
Order of Reflection
0x17498d27433849a510165Cc1Fc618582AC54229B
Multi-Sig
ofReflection.eth
Order of the Twins
0xb1deA25cB8B997913f86076B372AA75F06C53c99
Multi-Sig
ofTheTwins.eth
‣
Major Wallet Activities

🤝
Major Wallet Activities

NameTagsColumn
Season 0 - Lost Mana Trading Post
Trading
Oct 8, 2021 9:53 PM
Realms Collaboration
Collabs
Oct 8, 2021 9:53 PM
Season 1 - Lost Mana Trading Post
Trading
Oct 8, 2021 9:53 PM
Community Rewards
Rewards
Oct 8, 2021 9:59 PM
Staking GMs + ETH in NFTx
Staking
Oct 12, 2021 6:39 AM
Withdrawal from GA Contract (Test)
Withdrawals
Oct 12, 2021 6:47 AM
Withdrawal from GA Contract (#152)
Withdrawals
Oct 12, 2021 6:48 AM
GA - Lost Mana Drop
Rewards
Oct 12, 2021 6:52 AM
Used Staking Rewards to Buy Mana from NFTx
Playing
Oct 12, 2021 6:56 AM
Contributed 1 share to team GA Resurrection
Playing
Oct 12, 2021 6:58 AM
Registering the 16 Order ENS addresses
Spending
Oct 13, 2021 12:52 AM
Transfer 3ETH from multisig to genesisproject.eth
Withdrawals
Oct 13, 2021 4:42 AM
Buy 1 GM from OS to complete a reward
Rewards
Oct 13, 2021 4:42 AM
Resurrected a GA as a Community Reward
Rewards
Oct 14, 2021 3:10 AM
Withdrawal from GA Contract (#251)
Withdrawals
Oct 15, 2021 5:05 AM
Withdrawal from GA Contract (#307)
Withdrawals
Oct 17, 2021 9:33 PM
Reimbursements for Founder Seed Funding
Spending
Oct 15, 2021 5:23 AM
Founder Share Distribution #1
Rewards
Oct 15, 2021 5:14 AM
<<<<HOLDEN NEEDS TO FILL IN AND UPDATE>>>>>
Oct 17, 2021 9:55 PM
Move 20ETH to GenesisScrolls.eth to fund Genesis Scrolls Project
Collabs
Feb 28, 2022 5:46 AM
Move 50 Lost Mana to GenesisScrolls.eth to fund Genesis Scrolls Project
CollabsUpcoming
Feb 28, 2022 5:47 AM
2.16 $MANA tokens to Anon11 for Fox GA art
Rewards
Feb 28, 2022 6:13 AM
8.64 $Mana to Tenox for Launching Mana Finder v2 + Leaderboard + more
Rewards
Feb 28, 2022 6:13 AM
Reimbursement for GA Naming
Admin
Mar 3, 2022 6:54 PM
7 Lost Mana to wenl for sGA prize
Rewards
Feb 28, 2022 6:34 PM
Founder Share Distribution (6k/8k/10k GMs, 400/500 GAs)
UpcomingRewards
Feb 28, 2022 6:13 AM
Community Historian Share Distribution (6k/8k/10k GMs, 400/500 GAs)
Rewards
Feb 28, 2022 6:14 AM
4 Lost Mana to Tenox for more Mana Finder and Dapp awesomeness
Rewards
Mar 2, 2022 7:20 AM
2 Lost Mana to ElBoogie for sharing the incredible Lore of Raev, daughter of Raevyn
Rewards
Mar 3, 2022 6:54 PM
Mar 3, 2022 6:59 PM
Mar 3, 2022 6:59 PM
UPCOMING
Mar 3, 2022 6:59 PM
‣
Rewards & Donations Breakdown

💸
Rewards & Donations

NameTotal SupplyCommunity TreasuryFounders (Historians + Small Council)16 Order DAOs
Lost Genesis Mana
2,167
50%
50%
0%
Used Genesis Mana
20,320
0%
0%
100%
GA Mint Fees - #21-200
45 ETH
25%
25%
50%
GA Mint Fees - #201-300
25 ETH
25%
25%
50%
GA Mint Fees - #301+
TBD (Pending DAO Vote)
TBD
25%
TBD
OpenSea Royalties
Uncapped
50%
50%
0%

Odds and Ends

‣
Mechanics of Treasury Transactions
  • One challenging mechanic with the Gnosis wallet (the primary multisig wallet for the Genesis DAO) is that it cannot directly sell on OpenSea or NFTx. It’s a limitation of Gnosis and may be fixed one day, but not soon.
  • In the meantime, in order to sell, stake, or trade GMs, the Genesis Project will periodically send (or receive) GMs to a trusted EOA wallet, knowing that these GMs will be on the move in various ways to keep the Treasury healthy.
    • This also provides a cleaner view of the Lost Mana Trading Post wallet for players to sift through.
  • As the game evolves, and Community Rewards become earmarked for certain quests, prizes or collaborations, the Community Treasury may add multisig vaults to store these assets to keep the Treasury organized.
    • Any newly created vaults/wallets will be listed in the
      🏦
      Wallets
      table.
‣
Basic Operating Guidelines for the Treasury
  • To avoid voting on every last wallet action, we will publish some basic guidelines we'll follow. The goal is to follow our principles with these guidelines.
  • Keep between 10 and 50 lost GMs within the community wallet, outside of specific Trading seasons.
  • Continue to avoid selling or staking Lost Mana from the Community wallet. Others can sell into the pool (including Founders if they wish), but the Community wallet won’t flood NFTx or OpenSea with Lost Mana without a community vote (if there is a good reason that this action might help maintain fairness in the game or the community in some material way).
  • The Community wallet will use Genesis Mana acquired through trades to:
    • sell or stake into NFTx
    • join up with teams to mint of GAs and own shares as a community
    • mint GAs of its own to hold as community assets
  • Major spending activity that is not part of published plans will be brought to the community as part of our transition to
    🌏
    Progressive Decentralization
  • Minor spending may happen at the discretion of the treasurer, who is acting in good faith in the best interests of the Community.
    • A recent example: the community wallet purchased 2 GMs on NFTx and 1 GM on OpenSea in order to resurrect a GA as a community reward for Tenox's work to build and ship the Mana Finder v2.