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Tokenomics of The NAROO Club DAO
The NAROO Club DAO is built on a robust and dynamic tokenomics model that underpins the entire ecosystem. This model is designed to ensure fairness, flexibility, and financial sustainability, while offering members the opportunity to own, enjoy, and prosper together. Below is an overview of the key components of our tokenomics.
At the core of The NAROO Club DAO are Membership NFTs. These tokens serve as proof of membership and represent your stake in the DAO. Membership NFTs are crucial for accessing the club’s assets, participating in governance, and enjoying the various benefits offered by the DAO.
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Ownership Representation: Each Membership NFT corresponds to a specific membership tier, reflecting your ownership stake and the benefits you are entitled to.
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Voting Power: Membership NFTs also determine your voting power within the DAO, enabling you to influence decisions on asset management, governance, and future projects.
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Tradability: Membership NFTs can be bought and sold on the open market, allowing for flexibility in joining or exiting the DAO.
The DAO also issues Asset NFTs, which represent ownership of specific assets, such as floating hotels or other properties. These Asset NFTs can be fractionalized, allowing multiple members to co-own a single asset.
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Fractional Ownership: Asset NFTs can be divided among several members, giving each a proportional stake in the asset. This is particularly useful for high-value properties or assets.
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Flexibility and Tradeability: Members can trade their fractional ownership shares with others, providing a dynamic marketplace for adjusting their portfolios.
Utility Tokens, referred to as vouchers, are periodically distributed to members and grant them access to the DAO’s exclusive assets. These vouchers are essential for booking stays at the floating hotels, reserving event spaces, or accessing other services provided by the DAO.
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Weighted Allocation: Vouchers are distributed through a weighted allocation system based on your Membership NFT tier and your ownership of Asset NFTs. Higher stakes and tiers result in more vouchers, offering greater access to the DAO’s assets.
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Slots Representation: Vouchers represent specific slots, such as room-nights, time-space pairs, or other service units, giving you the right to use the asset during the designated period.
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Bidding Process: If you receive a fractional voucher—meaning you only have partial access to a slot—you can participate in an optional bidding process to secure full access. The highest bidder wins the full voucher.
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Sharing Fractional Vouchers: Bidding is not mandatory. If you hold a fractional voucher, you can also choose to share the slot with another member. For instance, two members with 0.5 vouchers for the same room-night could agree to share the room.
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Voucher Trading: Members who secure full vouchers can also choose to sell their vouchers on the open market, even to non-members, providing an opportunity for financial gain. This adds liquidity and flexibility to the ecosystem, allowing members to profit from high-demand slots.
For a detailed explanation of the voucher distribution and bidding process, read the full article here.
Credit Tokens play a vital role in the DAO’s financial ecosystem, ensuring that members can cover service costs and maintain eligibility for voucher allocations.
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Initial Airdrop: Upon purchasing your Membership NFT, you receive an initial airdrop of Credit Tokens proportional to your investment. These tokens are used to pay for services, such as booking stays or reserving event spaces.
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Minimum Balance Requirement: To remain eligible for voucher allocations, members must maintain a minimum balance of Credit Tokens. This balance acts as a deposit, ensuring you can cover any associated service costs.
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Topping Up: Members can top up their Credit Tokens using Solana (SOL) or stablecoins like USDC and USDT. This ensures ongoing participation in the voucher distribution process.
The NAROO Club DAO operates on a decentralized governance model, where members influence key decisions through voting.
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Voting Power: Your voting power is tied to your Membership NFT and reflects your ownership stake in the DAO. This power allows you to participate in decisions on asset management, new acquisitions, and governance changes.
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Proposal System: Members can submit proposals for new projects, asset acquisitions, or changes to the DAO’s governance structure. These proposals are then voted on by the community, ensuring that all decisions reflect the collective interests of the DAO.
The tokenomics model of The NAROO Club DAO is designed to ensure long-term financial sustainability and growth for the community.
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Revenue Generation: The DAO generates revenue through the use of its assets (e.g., stays at the floating hotel) and through activities managed by the Operating Partner. This revenue supports the DAO’s operations and future growth.
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Profit Sharing: While the DAO does not distribute profits in a way that would classify its tokens as securities, it does provide members with Credit Tokens as a form of reward. These tokens can be used to pay for services within the DAO, ensuring that members benefit from the success of the organization.
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Asset Expansion: As the DAO grows, it will acquire new assets, expanding the range of experiences and services available to members. This growth is driven by member proposals and votes, ensuring that the community’s needs and interests are prioritized.
The tokenomics of The NAROO Club DAO are designed to create a thriving, flexible, and rewarding ecosystem for its members. By leveraging Membership NFTs, Asset NFTs, Utility Tokens (vouchers), and Credit Tokens, the DAO ensures fair access to its assets, financial opportunities, and a strong foundation for future growth. Whether you’re participating in governance, trading vouchers, or enjoying exclusive experiences, The NAROO Club DAO offers a unique blend of ownership, enjoyment, and prosperity.
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