How Vouchers Are Allocated and Used in The NAROO Club DAO

In The NAROO Club DAO, utility tokens—referred to as vouchers—are allocated to members to provide equitable access to the club’s exclusive assets, such as floating hotels or other services. These vouchers represent specific slots, such as room-nights, time-space pairs, or unit allocations, allowing members to secure their access. The process of allocating and using these vouchers is designed to ensure fairness, flexibility, and transparency, while also allowing for optional cooperation or competition through bidding.

1. The Allocation Process: Weighted Distribution of Utility Tokens (Vouchers)

The allocation process begins by distributing utility tokens (vouchers) to members based on their membership tier and ownership stake in the DAO. This ensures that every member receives a fair share of the available slots (which can represent room-nights, table reservations, seat-time pairs, or other resources).

• Eligibility Based on Credit Tokens: Members must maintain a minimum balance of Credit Tokens to be eligible for voucher allocations. These tokens act as a deposit to ensure that members have sufficient funds to cover the service costs. Members who do not meet the minimum required balance of Credit Tokens are excluded from the voucher allocation until they top up their balance.

• Weighted Allocation: Each member is assigned a weight based on their membership tier and their ownership of Asset NFTs, which determines their proportion of the available slots (such as room-nights or other service units). This weighted system ensures that higher-tier members or members with larger stakes receive more slots.

• Randomized Slot Assignment: While the allocation is weighted, the specific slots (e.g., room-nights, time-space units, or seat-time pairs) are assigned randomly. This randomization ensures fairness but does not prevent eligible members from receiving their allocation. For example, if 100 slots are available and 100 eligible members each have equal weight, each member will receive one slot. In cases where there are fewer slots than eligible members, fractional vouchers (e.g., 0.5 of a slot) are allocated.

• Fair Distribution in Cases of Limited Supply: When the number of available slots is lower than the number of eligible members (e.g., 50 slots for 100 members), each member receives a fractional voucher. Members with fractional vouchers can participate in a bidding process for full access to the slot, or they can agree to share the slot with others.

• Flexibility to Sell Vouchers: Members who secure full access to a slot through allocation or bidding can choose to sell their voucher to other members or non-members at any price they deem fair. This opens up an opportunity for members to realize potential financial gains by selling their access to desirable assets or services, even outside the DAO.

2. How Members Use Their Vouchers

Once members receive vouchers, they can use them to access the DAO’s exclusive assets and services. These vouchers grant access to specific slots, such as room-nights, time-space pairs, or other units of service.

• Bidding Process (Optional): In cases where members are allocated fractional vouchers, they can enter an optional bidding process to secure full rights to a slot. Members place bids using their Credit Tokens or stablecoins, and the highest bidder gains full access to the slot.

• Sharing Fractional Rights: Bidding is not mandatory. Members who receive fractional vouchers for the same slot can choose to exercise their fractional rights together. For instance, if two members each hold 0.5 of a voucher for a room-night, they can agree to share the room, rather than entering the bidding process. This option fosters cooperation, especially among members who know each other or prefer to share.

• Payment Flexibility: After securing a full voucher or agreeing to share, members may need to cover additional costs beyond the voucher’s value. These payments can be made using Credit Tokens or stablecoins like USDC or USDT, ensuring flexibility in how members manage their bookings.

• Finalizing the Stay or Service: After the voucher and any additional payments are confirmed, the member secures the right to the service (e.g., staying at the floating hotel, using a time-space slot, or attending an event). The Operating Partner ensures all services are provided seamlessly.

3. The Role of Credit Tokens in Slot Allocation

Credit Tokens are integral to the voucher allocation process and to covering the costs associated with accessing the DAO’s assets.

• Minimum Balance Requirement: To participate in the allocation of slots, members must maintain a minimum balance of Credit Tokens. This deposit guarantees their ability to pay for the services linked to their vouchers. The required minimum balance varies according to the member’s tier and stake in the DAO.

• Topping Up Credit Tokens: If a member's credit token balance falls below the required minimum, they can top up using Solana (SOL) or stablecoins (USDC, USDT). Maintaining this balance ensures that the member remains eligible for future voucher allocations and airdrops.

4. The Role of the Operating Partner

The Operating Partner manages both the allocation process and the final delivery of services, ensuring that all members have a seamless experience when using their vouchers.

• Voucher and Slot Management: The Operating Partner oversees the allocation process and optional bidding mechanisms, ensuring transparency and fairness. They also manage cases where members choose to share fractional vouchers.
• Service Delivery: Once a member’s voucher is confirmed, the Operating Partner manages the logistics of service delivery—whether it’s checking into a floating hotel, using a time-space slot, or participating in an event. The Operating Partner ensures that all services are executed smoothly.

5. The Flexibility of Slot Allocation

The NAROO Club DAO’s voucher-based allocation system provides flexibility, fairness, and the ability for members to customize their experience.

• Fair and Proportional Access: The weighted allocation system ensures that each member receives a fair and proportional share of the available slots based on their ownership stake and membership tier.

• Randomized Assignment: Randomization of specific slots ensures fairness while still guaranteeing that each eligible member receives their due allocation. This prevents any bias in the allocation process.

• Bidding and Sharing Options: Members who receive fractional vouchers have the option to either enter the bidding process to secure full access to a slot or to share the slot with others. This provides flexibility and enables members to make the best use of their vouchers based on their preferences.

• Voucher Trading for Financial Gain: Members who have secured full access to a slot can sell their vouchers to other members or even to non-members. This opens up an additional opportunity for members to realize financial gains by trading vouchers, especially for highly desirable services or assets.

Conclusion

The NAROO Club DAO’s allocation and usage system for utility tokens (vouchers) is designed to provide fairness, flexibility, and choice. By maintaining a minimum balance of Credit Tokens, members ensure their eligibility for slot allocations and a seamless experience when accessing the DAO’s assets. The optional bidding process allows members to secure full slots when fractional vouchers are allocated, while the option to share slots encourages cooperation. Members also have the flexibility to sell their vouchers to non-members, allowing them to realize financial gains. With the Operating Partner managing the logistics and services, members can be confident that their stays, events, or other experiences will be smooth and enjoyable.