DAO Governance and Assets

DAO Asset Sales

The initial supply of Mitama are 9,000 unique 3D NFTs, out of maximum supply of 10,000.

The remaining supply of 1,000 belong to the DAO, and represent the DAO’s assets.

The DAO will decide if, when and how to begin selling the supply of NFTs in order to provide runway funding. Currently, the team’s plan is to begin auctioning the supply once a month, beginning some time after the mint. This is subject to change and a DAO vote.

80% of the revenue will go to the DAO treasury. 20% will be awarded to the team.

DAO Voting Power Token

The Soulbound Rebase Token is a combination of factors, including: wallet total volume as a factor of the total collection volume + Mitama NFTs held + Evolved Mitama NFTs held + On-chain governance participation.

The above formula is subject to revision and adjustment in order to optimize the community benefit

DAO Archons

In order to protect the organization from ineptitude or attacks, there will be individuals selected from the team and elected from the community to act as Archons. Archons will be able to veto any vote by the DAO.

The elections will commence in Q4 of 2022, and elections will be held quarterly.