Fight Club Agenda meeting #10 - Sept 8, 2021
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Date
Mar 9, 2022
date
Sep 8, 2021
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Last to edit
Action Items from Sept 1
@Liza_ch [high priority] Conversation with Open Law
- @Liza_ch will set up a call with Aaron Ride next Tuesday
@fi_bo @Pilkster [priority] Minimum Investment Analysis.
- What is the minimum and maximum investment range for a Fight Club investor?
- Waiting on Syndicate Protocol for a quote.
@tesa_daa @pilkster [priority] Token Sales / Swaps Research
- Ask @LarryFlorio about logistics and legal considerations of a private sale
@Pilkster @elno @Liza_ch [priority] DAO 1 pager
- 1 pager to distribute to Open Law based on Index Coop
@Pilkster @elno [medium] DAO Documentation
- DAO wiki and guide
@fi_bo @dionne [low] FAQs
- Questions and information source
@Liza_ch [low] Team On-boarding Documentation
- Materials and program to on-board new members
New Action Items
@Pilkster everyone [priority] FC Mission statement
- Define Fight Club's mission statement and clearly state how it aligns with bDAO's mission and values.
@Dionne [priority] Turning FC into a Project
- What are the next steps that are required in order for FC to become a Project.
Agenda
1) Updates
1) Guild, project, or separate DAO - @fi_bo
- Summary of last Friday's call with Above_Average_Joe
Guild defined as talent pool within Bankless DAO. Fight Club would not qualify as a Guild.
It would be better for FC to be a Project → Media Node or Bankless Academy
In the future, Fight Club could become a subDAO.
- RedVan insights on Bankless Academy
Originally Bankless Academy was a Bankless LLC project but now it is a project of the bDAO.
Major issue for Bankless Academy is that bDAO does not have a legal entity.
@Dionne how to define a project and what will Fight Club do to act differently?
- @Red Van - In Season 1, each guild was allocated BANK. A project then requests funds from Grants Committee. For Season 2, a guild needs to request funds. Projects are narrow in scope and utilize the resources of various guilds. Guilds are talent pools - they pull people into guild if something they are doing aligns with guild initiative.
2) Logistics list
2) New Items / Discussions
- Action Item - @Dionne - what are the next steps to become a project?
- Discussion of Token Sale for FC membership:
- @Ap0ll0517 - UMA range tokens for token sale. @tesa_daa the Treasury is considering using UMA tokens for diversification. Outside of FC use case.
- @Pilkster - Suggest that the FC sells the BANK tokens since it makes returning BANK tokens easier in case a member RageQuits. FC's first investment could be in bDAO.
- @frog monkee - Requiring FC investor member's to hold BANK aligns incentives with bDAO. As a data point, whale status for BANK is 150k. FC could use an NFT gated token to fund the genesis raise and then set a minimum amount of BANK for future raise.
- @Eagle - Whale level of BANK is probably too big, the ideal range might be 50-70k BANK. Logistically, FC can use different vaults - 1) investments and 2) BANK holding vault. Investor members need to buy BANK in the secondary market to avoid a token sale per US regulations.
- Action Item: Ask Larry about the potential private sale of BANK for membership gate.
3) New VC Board Items
- How to become a Project Research - @Dionne
- FC Mission Statement - @pilkster
4) Questions
- Action Item: @pilkster - Can we define a clear mission value for Fight Club that aligns with Bankless DAO mission?