FC FAQ
Fight Club Deck
Organization
What is the Fight Club?
Fight Club is a sub-DAO under BanklessDAO that includes a structure for venture DAOs and an arm for education initiatives.
We have plans to create Fight Club Foundation, which is an entity type that allows the treasury to be an investor member in the different venture DAOs.
What is the governing structure of Fight Club?
Fight Club is in the process of transitioning to governance via the membership NFTs. The voting weights are still to be determined.
The current membership tiers as of 4/5/2022 are:
Is Fight Club seeking partnerships with other DAOs?
Yes. Fight Club is currently partnered with FTW.DAO to create the VC Analyst education program. There are other venture DAOs that are interested in participating as investor members in the Genesis Fund.
What is the Fight Club roadmap?
Current roadmap:
Fight Club + Bankless Dao
As a member of the Bankless Dao, how do I benefit from Fight Club?
bDAO members that are Level 1 or higher can benefit from Fight Club’s education programs and webinars. Fight Club also aims to become a revenue center for bDAO as it contributes a portion of its NFT profits back to bDAO and generates service provider fees from the Fight Club venture DAOs. Fight Club also uses bDAO guilds for services and anticipates that the Genesis Fund projects will also use the services of bDAO.
How is Bankless Dao related to Fight Club?
FC is moving towards becoming a subDAO under bDAO. FC’s core team and members came from the bDAO community. bDAO level 1 members and higher are able to purchase a FC bDAO NFT (red glove) which includes an UltraSoundMerch t-shirt, additional governance rights, and discounted NFT price.
How will Fight Club work with and/or leverage the other guilds?
FC utilizes a working group model and collaborates with guild liaisons from across the bDAO community. Guild liaisons help identify guild members that would fulfill the FC work requirements.
Fight Club Membership
What types of memberships are available?
There are 3 types of membership NFTs:
- Gold Genesis NFTs are reserved for the core FC genesis team members who have participated in the formation of FC, attended meetings, and worked on projects.
- Red Genesis NFTs are for bDAO members that are level 1 or higher.
- Black Genesis NFTs are available for public members.
There are slight differences between the tiers in terms of governance weight, but this also relates to CAKE or contribution points (described below). The GG and the RG were awarded to core members and early adopters.
Can non bDAO members become members of Fight Club?
Yes, non bDAO members can purchase a public FC NFT that will grant them access to FC.
What is the function of the NFT?
The FC NFT will enable holders to access the Fight Club Discord, Clarity documents, programs, syndicate deals, and venture DAOS (depending on eligibility). The FC NFT will also be used for FC governance and control over the Treasury.
What are fighter levels?
Whether you choose to buy your NFT or work towards it, we have a task point system that we dubbed CAKE. CAKE can be accumulated by contributing and these points are assigned by each working group lead. The different tiers like this:
Flyweight - Fighter 0
Featherweight - Fighter 1-25 CAKE
Welterweight - Fighter 2-50 CAKE
Heavyweight - Fighter 3-150 CAKE
Sumo - Fighter 4 - 300 CAKE
These points are leveraged to determine governance weight for each member. This system was devised to reward contributing members and to ensure the longevity of the project.
Operations
What are the Fight Club wallet addresses?
Main Gnosis wallet: 0xb048405EFb54E8dCE9B9E49eef20aCdA2a9632D9
NFT wallet: 0x0Abb12C338ee65160c96061051E38a71F49CA471
How does the Fight Club Treasury generate revenue?
The Fight Club Treasury has received revenue from the initial Fight Club NFT sale (OG and bDAO). It will also receive service provider fees from the venture DAOs and syndicate deals. Once it is structured as a Foundation, Fight Club will then be able to co-invest in the venture DAOs and the Treasury will grow from investment returns.
What are the operating costs related to Fight Club?
The Fight Club operating costs include:
- Coordination and project management
- Community and Discord operations
- Education program operations
- Marketing, design, and social media work
- Legal consultation
How are the fees associated with Fight Club paid?
FC aims to be a self-sufficient entity that receives service provider fees from the Genesis Fund and revenue from the initial Genesis NFT.
How much funding has Fight Club received from Bankless DAO?
Fight Club received 140k BANK in S2 for the FC Education Program.
Fight Club received 858k BANK in S3 for the FC NFT sale, launch of the Genesis Fund, and creation of the Due Diligence program.
How much has Fight Club returned to Bankless DAO?
10% of Fight Club NFT net profit will be returned to Bankless DAO.