https://nouns.build/dao/0xC58869c1c6ca866AB3b4664c848eD588F0De6a36/
- one auction every 6 hours and 16 minutes
- all funds from the auction become part of the DAO treasury and are managed via proposals
- auction settlement kicks off the new auction of a new randomly generated Nounish Mingo
- min. bid: .016 eth
- min. bid increment: 5%
- each Nounish Mingo is a governance token that has one vote in the DAO
- founder wallet receives 6% of tokens; NounsDAO receives 1% of tokens — distributed over time for the first 5 years of the auction
- founder reserves a proposal veto for the first 5 years
- 1% min of token supply required to submit a proposal
Please note: this project is an experiment in DAOs and governance. There should be no expectation of profit or compensation from participation.