What is MoonDAO?
MoonDAO is a collective of people from all over the world that are accelerating the development of a self-sustaining, self-governing settlement on the Moon to act as a launch point into the cosmos.
What is $MOONEY?
$MOONEY is the token we use to govern and coordinate our community. To govern MoonDAO you must lock $MOONEY for some period of time to get voting power. You can read more about how this works in our governance documentation and constitution. There will always be a fixed supply of $MOONEY. There is no expectation of profit with this token. You are not receiving fractionalized ownership of the DAO’s assets in exchange for the token. No element of the $MOONEY and/or Ticket To Space NFTs qualifies or is intended to be an offering of securities in any jurisdiction, nor does it constitute an offer or an invitation to purchase shares, securities or other financial products. Please check our website’s FAQs for more information and disclaimers. You can learn more about the tokenomics of $MOONEY here.
How do I acquire $MOONEY?
If you already have a wallet with ETH, you can acquire it herevia Uniswap. If this sounds like a foreign language to you, we’ve made a simple method of purchasing $MOONEY with a credit card or debit card along with account and wallet creation via email or social media in our onboarding process.
How does voting at MoonDAO work?
We publish proposals on Snapshotand members with voting power can vote on the proposals, a proposal passes if the super majority (2/3rds) of the voting power agrees with executing the proposal. Your voting power is calculated quadratically based on how much $MOONEY you lock, and for how long. In other words, we take the square root of the number of tokens that you’ve locked, and the longer you lock the more voting power you get.
Why do I need to lock to vote?
We don’t want our community to be controlled by day-traders. We’d rather be governed by those with a long-term view and commitment to our mission. Locking measures commitment by restricting tokens for some amount of time. For most members the amount and duration is determined when selecting a tier during the onboarding process. Advanced users can purchase any amount of $MOONEY via Uniswap and lock some or all of that for any amount of time between one week and four years.
What do I get in exchange for locking $MOONEY?
Locking gives you governance inside of the community. Our treasury is co-governed by all $vMOONEY holders. All our financial decisions are approved by them. You can vote on proposals here. Those that have 250,000+ voting power can submit proposals directly to the community, otherwise you’ll need a co-signer with 250,000+ voting power.
How do I contribute to MoonDAO?
MoonDAO is organized into teams called “Projects,” you can view the projects that have open roles or are looking for contributors by joining the MoonDAO Discord and visiting the open-job-board channel. Individual projects also have project leads, called Rocketeers.
How do I submit a Proposal to MoonDAO?
Anyone can start the proposal process by joining the Discord and posting in our ideation channel. From there, you will fill out a Proposal Template and submit it to our governance. The proposal will be reviewed by the MoonDAO Senate, and if it passes the review process it will be voted on by our members. See our Governance Model to learn more.
How is my voting power calculated?
We take the square root of your locked balance. This is known as quadratic voting. To prevent people from making multiple accounts we use sybil resistance with Gitcoin Passports. To vote, make sure your wallet has a valid Gitcoin passport (note: Passports resets every 3 months so make sure you re-do your stamps each quarter) with a minimum score of 15.