Plutocats Overview
- What is Plutocats?
Plutocats is a decentralized platform that implements DAO governance through social staking with a system similar to Nouns from ETH network. Users need to mint the NFT to join the Plutocats DAO, and the ETH generated from sales goes to a reserve, earning Blast's native yield.
- Main Features
- Fair distribution of governance rightsOnchain ArtNo pre-minted NFTs or founder allocationExit function allows claiming a fair share of Reserve
- Blockchains
- Blast
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Frequently asked questions
A Plutocat is an NFT pfp created on the blockchain. Owning the NFT grants membership to Plutocats (DAO), a social staking experiment.
Governance rights among Plutocats members are distributed through NFTs. These tokens grant holders the ability to vote on DAO proposals, ensuring a democratic process within the community. Initially, the governance structure starts with a bootstrap contract, controlled by the creators, to facilitate a trustless transition to DAO governance. This setup is designed to protect against griefing attacks during the early stages. Once the transition to the DAO is complete, governance rights are exercised by the community through the distributed NFTs, allowing members to participate in decision-making processes regarding the Plutocats contracts and the DAO treasury.
Yes, members can exit anytime and claim their share of the Reserve. NFTs belonging to departed members are sent back to the Reserve, thus reducing the total number in circulation.
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