Customize your Founderz Pass in the Capsule and join the first decentralized Web3 Startup Studio
WTF is FounderzDAO?
Founderz are an adjacent creation inspired by Nouns DAO, with a focus on creating a community of web3 builders, creators and doers.
Daily Mint
Participate in the daily auction to win a Founderz Pass and join the DAO.
Startups Funding
Funds raised from the daily auctions will be used to fund web3 startups conceived by the founderz themselves.
Community Treasury
Founderz have governance rights over the use of the funds held by both Treasury Pools - namely the Auction House Treasury Pool and Distribution Treasury Pool.
How it works in 3 steps
1
GET YOUR FOUNDER PASS
Win the daily auction to receive the Founderz pass and have access to the capsule.
2
CUSTOMIZE YOUR NFT
Access the capsule, the restricted area where you can customize your 2D avatar NFT.
3
BECOME A FOUNDERZ
Acquire voting and proposal power of the community treasury pool by holding the NFT.
FAQ
SUMMARY
- Founderz artwork is a progressive modular NFT collection.
- One Founderz is trustlessly auctioned every 24 hours, until climate doomsday.
- Winner of the auction will get access to the Capsule
- The Capsule will allow the user to forge his NFT by selecting his favorite trait for each layer.
- 100% of Founderz auction proceeds are trustlessly sent to the community treasury, plus a 5% on secondary sales fee.
- Settlement of one auction kicks off the next.
- All Founderz are members of Founderz DAO.
- Founderz DAO uses a fork of Compound Governance.
- One Founderz is equal to one vote.
- The treasury is controlled exclusively by Founderz via governance.
- Artwork is generative and stored on IPFS.
- No explicit rules exist for attribute scarcity; all Founderz are equally rare.
- Co-Founderz receive rewards in the form of Founderz, one every seven auctions (~14% of supply).
The Founderz Auction Contract will act as a self-sufficient Founderz generation and distribution mechanism, auctioning one FounderzPass every 24 hours, forever.
100% of auction proceeds (ETH) are automatically deposited in the Founderz DAO treasury, where they are governed by Noun owners.
Each time an auction is settled, the settlement transaction will also cause a new Noun to be minted and a new 24 hour auction to begin.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction Founderz as long as Ethereum is operational and there are interested bidders.
100% of auction proceeds (ETH) are automatically deposited in the Founderz DAO treasury, where they are governed by Noun owners.
Each time an auction is settled, the settlement transaction will also cause a new Noun to be minted and a new 24 hour auction to begin.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction Founderz as long as Ethereum is operational and there are interested bidders.
Founderz DAO utilizes a fork of Compound Governance and is the main governing body of the Founderz Web3 Startup Factory.
The Founderz DAO treasury receives 100% of ETH proceeds from daily Founderz auctions. Each Founderz is an irrevocable member of Founderz DAO and entitled to one vote in all governance matters. Founderz votes are non-transferable (if you sell your Founderz the vote goes with it) but delegatable, which means you can assign your vote to someone else as long as you own your Founderz.
The Founderz DAO treasury receives 100% of ETH proceeds from daily Founderz auctions. Each Founderz is an irrevocable member of Founderz DAO and entitled to one vote in all governance matters. Founderz votes are non-transferable (if you sell your Founderz the vote goes with it) but delegatable, which means you can assign your vote to someone else as long as you own your Founderz.
The Founderz Auction Contract will act as a self-sufficient Founderz generation and distribution mechanism, auctioning one Founderz every 24 hours, forever. 100% of auction proceeds (ETH) are automatically deposited in the Founderz DAO treasury, where they are governed by Founderz owners.
Each time an auction is settled, the settlement transaction will also cause a new Founderz to be minted and a new 24 hour auction to begin.
The winner of the auction will have access to the Capsule: a place where you can create your own NFT with your favorite features for each layer. That combination will no longer be mintable by other users.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction Founderz as long as Ethereum is operational and there are interested bidders.
Each time an auction is settled, the settlement transaction will also cause a new Founderz to be minted and a new 24 hour auction to begin.
The winner of the auction will have access to the Capsule: a place where you can create your own NFT with your favorite features for each layer. That combination will no longer be mintable by other users.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction Founderz as long as Ethereum is operational and there are interested bidders.
The Co-Founderz will veto proposals that introduce non-trivial legal or existential risks to the Founderz DAO, including (but not necessarily limited to) proposals that:
unequally withdraw the treasury for personal gain
bribe voters to facilitate withdrawal of the treasury for personal gain
attempt to alter Founderz auction cadence for the purpose of maintaining or acquiring a voting majority
make upgrades to critical smart contracts without undergoing an audit
There are unfortunately no algorithmic solutions for making these determinations in advance (if there were, the veto would not be required), and proposals must be considered on a case-by-case basis.
unequally withdraw the treasury for personal gain
bribe voters to facilitate withdrawal of the treasury for personal gain
attempt to alter Founderz auction cadence for the purpose of maintaining or acquiring a voting majority
make upgrades to critical smart contracts without undergoing an audit
There are unfortunately no algorithmic solutions for making these determinations in advance (if there were, the veto would not be required), and proposals must be considered on a case-by-case basis.
'Co-Founderz' are the group of 6 builders that initiated Founderz. Here are the Founderz:
Because 100% of Noun auction proceeds are sent to Founderz DAO, Co-Founderz have chosen to compensate themselves with Founderz. Every 7th of the project (Founderz ids #0, #7, #14, #21 and so on) will be automatically sent to the Co-Founderz's multisig to be vested and shared among the founding members of the project.
Co-Founderz distributions don't interfere with the cadence of 24 hour auctions. Founderz are sent directly to the Co-Founderz's Multisig, and auctions continue on schedule with the next available Founderz NFT.
Because 100% of Noun auction proceeds are sent to Founderz DAO, Co-Founderz have chosen to compensate themselves with Founderz. Every 7th of the project (Founderz ids #0, #7, #14, #21 and so on) will be automatically sent to the Co-Founderz's multisig to be vested and shared among the founding members of the project.
Co-Founderz distributions don't interfere with the cadence of 24 hour auctions. Founderz are sent directly to the Co-Founderz's Multisig, and auctions continue on schedule with the next available Founderz NFT.
The Founderz DAO NFT collection will be the first progressive modular collection ever.
Modular because you can forge your NFT by selecting your favorite trait for each layer Progressive because we will release new batches of traits as time goes on, with new artists or brands. The chosen combination of traits will not be mintable from other wallets, enjoy your new PFP 1/1. The image size will be 640 x 960, a new phone wallpaper or PFP for Twitter.
Modular because you can forge your NFT by selecting your favorite trait for each layer Progressive because we will release new batches of traits as time goes on, with new artists or brands. The chosen combination of traits will not be mintable from other wallets, enjoy your new PFP 1/1. The image size will be 640 x 960, a new phone wallpaper or PFP for Twitter.
