Roadmap: The NAROO Club DAO

Our journey to create The NAROO Club DAO begins with an innovative approach that leverages NFT sales to build our community and treasury. This phased roadmap outlines our key milestones from NFT sales to the formal establishment of the DAO and the acquisition of our first asset, a luxurious houseboat at The NAROO Seoul.

Phase 1: NFT Sales & Community Building (Q4 2024 ~ Q2 2025)

• Website Launch:

  • Launch The NAROO Club DAO’s official website, introducing our vision, mission, and the benefits of joining the DAO.
  • The website will feature detailed information about the upcoming NFT sale and the process for becoming a member.

• NFT Minting and Sales:

  • Open the initial sale of Membership NFTs, which will serve as membership tokens for The NAROO Club DAO. These NFTs will be minted on the Solana blockchain and purchased using Solana (SOL).
  • Alongside the NFTs, an initial airdrop of credit tokens will be allocated to members based on the amount paid for the NFT. This airdrop only occurs during the initial minting.
  • Promote the NFT sale through marketing campaigns, social media, and community events to build a strong initial member base.

• NFT Utility Integration:

  • Implement functionality on the website to allow NFT holders to connect their wallets and verify ownership of their NFT.
  • Upon verification, NFT holders will gain access to The NAROO Club’s DAO application, where they will sign up as official members.

Phase 2: DAO Formation Proposal & Treasury Collection (Q2 2025)

• DAO Application Launch:

  • Launch the DAO application where members can connect their wallets, participate in governance, and interact with the community.
  • Enable the DAO program to verify that new members’ connected wallets hold a valid NFT before granting membership access.

• Treasury Building:

  • As NFT sales continue, funds collected in Solana and stablecoins will be pooled into the DAO’s treasury, visible to all members through the DAO application.
  • Provide transparency on the status of the treasury, ensuring members understand how the funds will be used for future initiatives, including asset acquisitions.

• DAO Formation Proposal:

  • Once the treasury reaches a predetermined threshold, create a formal proposal within the DAO application to establish The NAROO Club DAO as a legally recognized entity in Wyoming.
  • Conduct a community vote on the proposal, allowing all NFT holders who have signed up as DAO members to participate in the decision-making process.

Phase 3: Legal Formation & First Asset Acquisition (Q3 2025)

• Voting Outcome & Action:

  • If the proposal to establish the DAO as a legal entity is approved, initiate the legal process to register The NAROO Club DAO in Wyoming.
  • Draft and file the Articles of Organization, and prepare the Operating Agreement that aligns with the DAO’s on-chain governance via SPL Governance.

• DAO Registration:

  • Register The NAROO Club DAO with the Wyoming Secretary of State, appoint a registered agent, and complete all necessary legal disclosures, including the public identifier of the smart contracts used by the DAO.

• Acquisition of the First Asset:

  • Finalize the purchase of the first houseboat that will be moored at The NAROO Seoul. Payments for this acquisition will be made using Solana and stablecoins held in the DAO’s treasury.
  • Ensure the houseboat is fully integrated into the DAO’s asset portfolio, with fractional ownership distributed among members according to their NFT holdings and contributions.

• Member Communication & Updates:

  • Keep the community informed throughout the legal formation and acquisition process, providing updates on the progress and any necessary steps for members.

Phase 4: Full DAO Operations & Expansion (Q4 2025 - Q1 2026)

• Complete DAO Launch:

  • Transition the DAO into full operational mode, with all governance, treasury management, and member interactions conducted through the DAO application.
  • Begin utilizing the collected treasury funds according to community-approved proposals, including further asset acquisitions and project development.

• Expansion of Assets & Membership:

  • Explore opportunities for acquiring additional assets based on member proposals and votes, further diversifying the DAO’s portfolio.
  • Continue to onboard new members through NFT sales and expand the community’s involvement in the DAO’s decision-making process.

• Governance Upgrades:

  • Implement governance upgrades based on community feedback, enhancing the DAO’s capabilities and member experience. Establish partnerships and collaborations to bring more value to members, potentially expanding into new asset classes and ventures.

Phase 5: Long-Term Growth & Sustainability (Q2 2026 and Beyond)

• Global Expansion & Asset Diversification:

  • Explore opportunities for international expansion and diversification of the DAO’s asset portfolio.
  • Foster long-term growth by reinvesting rewards and continuing to innovate within the DAO framework.

• Continuous Member Engagement:

  • Keep the community engaged with regular updates, events, and opportunities to contribute to the DAO’s growth.
  • Ensure ongoing legal compliance and adapt to changes in the regulatory environment, safeguarding the DAO’s future.

• Sustainability & Legacy:

  • Focus on creating a sustainable model that ensures the longevity of The NAROO Club DAO, with a thriving community and a robust portfolio of assets that continue to generate value for all members.