Merit Circle Tactile
Authors
Daan de Greef
Summary
Hello. I’m Daan de Greef and for the past few months I’ve been working with the Merit Circle DAO’s core contributors on a very special project, something which has been discussed many times and is now getting closer to reality.
We’re talking merchandise.
A word that does not obviously align with what we are creating here but is a perfect starting point for this conversation.
The goal of this proposal is to discuss how our merchandise can be distributed to everyone who is connected to the DAO, giving us a chance to thank the people who have contributed the most.
Abstract
My background
I’ve been active in the fashion and retail industry for the past 15 years. In that time, I’ve built multiple clothing stores in the Netherlands and started many successful clothing companies. I’m the founder of ‘Baskèts’, a retail store that is involved in the development of numerous clothing brands, among other things. I’ve had a strong interest in the web3 space for quite some time and I’m extremely excited about what this technology can do within my industry. I’m thrilled to share with you what we are building here with Merit Circle and what we aim to achieve with this project.
So what are we creating?
- High-end merchandise items for the Merit Circle DAO
- The project will be called “Merit Circle Tactile”
- 650 boxes with merchandise
- Each box of “merch” will consist of seven premium wearable items
Where do we stand right now?
As it stands, we are nearly ready to begin production. Looking at our current plan, this would mean that the boxes would be sent out at the end of Q1 2023. Prior to this release, we will be presenting a ‘Merit Circle Tactile NFT’. Using this, NFT holders will be given the opportunity to choose the size of the items in their box, and have it shipped to an address of their choice, anywhere in the world.
So what are we voting on?
We would like to propose an equitable way of distributing these NFTs to make sure that the majority of our community agrees with our method of distribution.
The Merit Circle Tactile NFTs will be free. A thank you to the people, who are lucky enough to get one, for their continued trust in the Merit Circle DAO.
These NFTs will be distributed in two phases, which are outlined below:
Phase 1:
5 - Creators of proposals that passed successfully.
25 - Marketing batch - we gift a few NFTs to influencers who have contributed to Merit Circle in return for content
45 - Wallets that voted most - we allow the 45 wallets that voted most to claim one of the NFTs.
50 - Team - there will be 50 NFTs for core team members, contractors and people who worked on the tactile project
50 - one NFT will be sent to each of the portfolio companies of the Merit Circle DAO
75 - Largest stakers - we allow the top 75 of the largest stakers to claim one of the NFTs.
100 - DAO reserve - will be allocated in benefit of the DAO (collaborations, recouping some of the investment value, etc).
The unclaimed balance of NFTs from this phase will be added to the raffle in phase 2.
Phase 2:
300 - Raffle for MC stakers and Edenhorde NFT holders - we allow anyone who has staked a minimum of one MC token or 4 Edenhorde NFTs to join a raffle. Snapshot has been made one minute before this proposal came up.
Any unclaimed NFTs left after phase 2 will be added to the DAO reserves.
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We feel the distribution method outlined above respects the small group of hardcore believers in our DAO while at the same time offering anyone who feels connected to our DAO a chance to take part in this exciting new project in our ecosystem.
Motivation
Merchandise has been widely discussed since the Merit Circle DAO emerged. However, as we strive for quality over quantity and are determined to deliver premium products on all fronts, we’re taking a slightly different route
We would like to offer our online community a way to connect with the Merit Circle DAO in the offline world as well. A way for people to show their support and wear something which they feel passionate about. What’s more, they will represent the Merit Circle DAO across the world.
Budget
In this first version of the Merit Circle DAO’s Tactile project, no additional funding from the DAO is required. The costs that are incurred, including development costs, will be funded by the Orange Pill LTD for this first drop. Future drops that require additional funding will go through the official proposal process.
Rationale
We understand that the acknowledgement of this project raises a lot of interest and many questions. A few of these will be answered below. If your questions are left unanswered after reading this, please be patient and trust us to deliver!
So only when I’m lucky can I get one of the boxes?
If you don’t want to pay for it (at a later date on secondary markets), getting lucky is indeed your only option. However, the way that we have designed the process of acquiring the NFTs and the box itself, means that it’s likely some of these NFTs will find their way to some well known marketplaces. So if you are really interested in getting one you should be able to!
What will be in the boxes?
Great question that we will answer before the end of the year! A little hint for now will be that this drop focuses on items you can wear.
Will I be able to get more than one NFT if I’m eligible?
In theory there is a possibility to get more than one NFT. For instance, if you are a top 75 holder with wallet A and your wallet B has voted so often that you find that wallet in the top 50 most voted wallets. However, we hope that as many people as possible are able to experience this project. If you are lucky enough to be eligible for an NFT in phase 1, maybe leave getting lucky to the other members of the DAO.
Is anyone waiting on these items?
We most certainly hope so! We set out to create a way for our digital community to connect with Merit Circle through something physical, something you can touch, something tactile. At the same time, we have put a lot of effort into creating these items in a way that does minimal damage to our planet. More on how we are producing these items to follow.
Copyright and related rights waived via Creative Commons CCO
