Hello fellow Bees .
First let me say that I am meta happy to be here after wandering the wide world of DAOs these many months and extremely excited to be a part of Canon swarm.
It’s been difficult to figure out funding needed since nothing like this has ever been done before and frankly, we just don’t know. As Canon swarm is working diligently to produce the components of our first Genesis Collection NFT we are tracking our time and work flow so as to be better able to anticipate project costs and, of course, find ways to streamline.
In the meantime we have many many Bees wanting to help.
We’ve had a few talks in Canon swarm about this.
We’ve discussed developing a token payment system in which the tokens would be redeemable for NFTs. That way the Bounties could vary in size and value whereas the NFTs would hopefully represent a more stable amount of input from NFT to NFT.
Adding in edit: the underlying problem I am trying to solve is how to pay Bounties with no funding.
This is my personal riff on this idea.
I’m sure it’s close to what other people in the space are coming up with.
I would love to hear about those projects.
The idea is to pay in tokens that are then redeemable for NFTs.
The Tokens would be basically unlimited mint, exchangeable across projects, have no official pool and no established financial value.
Each project would be able to use project specific NFTs or the general protocol could also mint NFTs to redeem tokens for.
The NFTs could be redeemable for next tier NFTs and so on.
So to recap so far, Pay Bounty in Tokens.
Redeem Tokens for NFTs.
Redeem NFTs for next tier NFTs.
While there is no xDai value attached to the NFTs I anticipate that they will become desirable and that people will buy them from Bees etc in order to support the various projects, get NFTs, and to participate in this cutting edge economics experiment.
Each Bounty should come with a POAP in order to efficiently track work done,
and each NFT should come with a POAP to match the NFT so that the people who earned the NFTs aren’t so loathe to sell them to generate income for themselves.
Thank-you @pab for being so persistent discussing the Harberger tax.
When you said “If this works Canon won’t need funding from 1Hive” I finally got it.
The NFTs could come with a Harberger tax paid to the person who earned it, or to the person who earned it and the issuing project as well. I feel like paying some back to the project will encourage buyers who support the project but may be ambivalent about a particular Bounty earner.
Alternatively, the NFTs could have a commission attached to go back to the earner and the project.
I’d love to hash this around here, get some inputs, throw in with someone else if they’re already working on something like this…
Since the Bounties would be internal here, at least at first, your feedback is essential!
Come for the Honey🍯.
Stay for the Bees .