What Is MoonDAO?
MoonDAO’s mission is to create a self-sustaining, self-governing settlement on the Moon by 2030 to act as a launch point for humanity to explore the cosmos. MoonDAO is an international collective of people united by the mission of decentralizing access to space research and exploration.
MoonDAO Unique Features
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Roadmap
Moon Phase 1: Deploy Decentralized Governance of MoonDAO.
This phase was focused on going from zero to one and create the MoonDAO community (mission, values, vision) and crowdraising for our first mission of sending a member to space. MoonDAO did so by deploying the $MOONEY token for decentralized governance of MoonDAO. The primary goal is to decentralize the governance of MoonDAO from the onset, and add the structure necessary to create an incorruptable on-chain governance system. There is no expectation of profit with this token, this token’s purpose is to coordinate our governance.
Moon Phase 2: Send a MoonDAO member to space in 2022
This was our first big statement: to make it accessible to anyone in the world.
MoonDAO purchased two tickets from Blue Origin and decided that it would select each astronaut using a different method:
- For the first ticket, MoonDAO did a popular vote with $MOONEY to vote between several candidates. The winner was Dude Perfect! They ran their own internal contest by building model rockets, and Coby Cotton was the winner. He was sent into Space on August 4th, 2022.
- For the second ticket, MoonDAO released a Ticket To Space NFT Collectionfor free. Over 8000 NFTs were minted, and we ran an on-chain chainlink VRF function to select the winner. The winner was Yan Kejun, Yan is a father of three from mainland China working in e-commerce and will be flying on a future Blue Origin New Shepard flight.
Moon Phase 3: Provide funding to space research and exploration.
MoonDAO is currently in this phase.
MoonDAO doesn’t want to just take a ride on someone else’s rockets, They’d like to fund and coordinate our own plans.
MoonDAO will provide funding to public goods related to space research and exploration. Anyone in our community can come together and request funding for a project that furthers its mission. Some currently proposed incubated projects include: A MoonDAO community-built satellite, a decentralized bounty force for aerospace companies, a MoonDAO metaverse, insert your own idea here…
Moon Phase 4: Put a MoonDAO Settlement on the Moon.
Moon Phase 5: Have sweet Moon parties (everyone’s invited).
MoonDAO Token Economy
MOONEY and vMONEY are governance tokens, they do not represent fractionalized ownership. Governance includes the ability to guide the DAO’s mission, values, and operations of MoonDAO, as well as the allocation of resources to projects that the DAO supports. Governance tokens have no expectation of profit. Any contributions to MoonDAO are not tax deductible at this point in time.
Detailed Token Metrics
The $MOONEY token launched on Friday, December 17, 2021 on Juicebox. The funding period lasted for one lunar cycle and ended on Sunday, January 16, 2022 at 3:18 PM EST.
There will only ever be 2.6 billion tokens. MoonDAO will never mint more $MOONEY tokens. MOONEY tokens are the only tokens that can be staked for our governance token vMOONEY.
Approximately 50% of the MOONEY tokens are in the MoonDAO treasury. These tokens will be released on an infinite geometric series to incentivize members to work on MoonDAO Projects.
vMOONEY (voting MOONEY) tokens are used to vote on MoonDAO proposals. You will receive $vMOONEY tokens linearly proportional to the amount of time that you stake.
Token Distribution
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Token Release Schedule
On a quarterly basis the DAO will get a list of all the active projects that were completed in that quarter. There will be a geometric release of the total $MOONEY token over time. With 40 Million $MOONEY released in the first quarter, and then 0.95 that amount released every quarter after that. This is a closed geometric series totalling 800 million $MOONEY for contributors over an infinite period of time. The amount will be released on a quarterly basis (every three full moons) as follows:
- 40 Million $MOONEY assigned in the first quarter.
- 38 Million $MOONEY assigned in the second quarter.
- 36.1 Million $MOONEY assigned in the third quarter.
- And so on, infinitely, for a total of 800M $MOONEY.
DAO members will vote on the proportion of the release of $MOONEY that is sent to each project by token weighted voting, or whatever governance mechanism the DAO selects, with the precedence between the two being the latter.
This incentive structure began on Q4 2022. The $MOONEY assigned to each member will vest over a one year period, conditional on their continued engagement on a MoonDAO project.
The rest of the $MOONEY in the treasury is controlled by the $vMOONEY holders. MoonDAO will never release $MOONEY without the consent of the holders.
Partners & Advisors
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Team Members
Pablo Moncada-Larrotiz: Astronaut
Investors
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