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Herd DAO
OG Bull NFT holders form the Herd DAO (HDAO)
The Herd DAO wallet was funded through 25% of the OG Bull NFT mint sales—1,000 SOL.
The Surging Bulls team's main objective is to gradually evolve the Herd DAO (HDAO) into a community-owned decentralized autonomous organization over time, once the project has sustainable ways of income and a stable governance system on the Solana blockchain.
Funding for the HDAO wallet will be through 50% of all the profits and revenue:
- 50% of all Metabarn collection mint sales & royalties
- 50% of Tokenized Gin mint sales & royalties
- 50% of the OG NFT royalties
- 50% of revenue from sales of Surging Bulls Merchandise
- 50% of any other activity undertaken by Surging Bulls
- 1.Located in our Discord server — Activated through Verification
- NFT verification system offering exclusive HDAO roles only to OG Bull holders
- HDAO council is comprised of HDAO members, each holding 10 or more Bulls
- Proposal system where any member can submit for council approval
- Voting system for all proposals approved by the council
- Team veto power to ensure that the Herd ecosystem flourishes
- 2.On-Chain Governance
- Proposals are voted on-chain, where there will be a maximum of 2,000 votes (respective of the OG Bull NFT total supply)
- Proposals will be debated by top holders before going to vote—ensuring fairness, transparency, and success
- Future roadmap plans and the actions related to the HDAO's fund are decided by the HDAO, where the team has no veto power
Last modified 11mo ago