The Treasure Chest is the treasury representing the economic value of Linea DAM, being a smart contract that can only be accessed by burning economic NFTs, ensuring that the deposited value is rewarded to those who add value to the community.
Projects deposit into the treasury to generate engagement, rewarding users who participate in this engagement with economic NFTs, creating a transparent and organic engagement cycle without the need to create tokens, allowing participants to freely decide their level of involvement, having full access to the deposited value in the treasury and the reward value linked to the level of engagement.
Users who contribute to the community receive two types of NFTs:
Wood Key: This is the NFT that gives the user the power to withdraw from the treasury by burning their key. Wood Keys can also be traded on the secondary market, allowing people to speculate on the community's growth.
Wood Log: This is the NFT that grants the right to participate in Linea DAM governance. As a Soulbound Token (SBT), it ensures that political influence can only be gained through community contribution.
Both NFTs are categorized into rarities divided into six levels, affecting their economic (Key) and political (Log) value, and these rarities are represented in Linea DAM as types of wood:
Common: Pinus - Light Brown
Uncommon: Dalbergia nigra - Dark Brown
Rare: Mahogany - Red
Epic: Ebony - Black
Legendary: Verawood - Green
Mythic: Blue Mahoe - Blue
To participate in Linea DAM, it will be necessary to:
Own a Beaver Builder NFT.
Have completed the Linea PoH.
Meeting the requirements, you can perform tasks to earn your Wood Logs and Wood Keys and gain access to the Treasury and Governance of Linea DAM, with these tasks being carried out via a Quests platform.
With this presented model, we aim to demonstrate a new way of building communities and DAOs within the Linea ecosystem. By separating governance from the economy and operating with full transparency using NFTs, it is possible to ensure that active and valuable participation is duly rewarded, creating a growth cycle in both engagement and the community in a completely organic way.
For more information about valocracies, check the Valocracy Manifesto.