1. Abstract

8DAO team and community leaders have been dedicated to bringing all sorts of value to 8DAO members. This document proposes to create an Investment Club under the Treasury Block, so that 8DAO members may enjoy the opportunities to pool invest in the different projects alongside 8DAO.

2. Motivation

The creation of the Investment Club can benefit 8DAO and its members because it may:

• Grant opportunities for members to gain extra return through pool investing with 8DAO;
• Share great knowledge and resources in NFT/Web3/DAO industry with pool investing members during various project;
• Create utility for 8DAO tokens to increase the demand for 8DAO tokens.

3. Mission & Vision Alignment

Most of the pool investment opportunities in the Investment Club will be related to NFT / Web3 / DAO. This aligns with 8DAO’s mission and vision by supporting and investing in creators and founders in NFT / Web3 / DAO.

4. Core Proposal

Creating an Investment Club under Treasury Block with specifications as below:

5. Specifications

Sequence of Events

When theTreasury Block decides to invest in a project (for instance Project A) directly with 8DAO treasury assets, it can also decide how much total allocation to be shared in the Investment Club for qualified 8DAO members to pool invest. There will be illustrations about findings as well as terms & conditions of Project A to help the qualified members determine their interest in pool investment. The Treasury Block will further decide the allocation of each interested member based on the amount of 8DAO tokens held and other applicable factors.

Qualification for Investment Club

In order to reward active contributors and holders, members are required to hold at least 5,000 8DAO tokens to join the Investment Club（the Treasury Block may change the threshold when necessary). For each qualified member, there will be a positive correlation between the final pool investment allocation and the amount of 8DAO tokens held.

6. Implementation & Timeline

Setting up a multisig 8DAO Treasury Block wallet: 14th May, 2022

Setting up a multisig 8DAO Treasury Investment wallet: 14th May, 2022

7. Squad

Karma Pocket - 8DAO founder & Governor Block Leader

Jason Zhang - 8DAO Team

8. Risk assessment

Even though most of the projects will likely be led by experienced and knowledgeable teams in relevant industries, there will be many factors that may affect our investments. Thus both the Investment Committee and pool investing members shall cautiously evaluate the underlying risks when making investment decisions.

9. Alternative

Block leaders have considered setting up a special fund or investment Sub-DAO under 8DAO to deal with investment-related issues. In consideration of the time and monetary cost for legal compliance, the blocks tend to believe the Investment Club is the optimal solution for 8DAO to share investment opportunities with members at the current stage.