FAQs: Treasury + S1 Membership

This can be a living document of FAQs as they come our way during this new season of building. For more info make sure to read our Everything You Need to Know article below:

Why a new season of membership?

  • We need better money and membership orchestration.

  • We need to redefine NFT utility based on Season 0 learnings.

  • We want to keep experimenting in an evolved, collaborative container.

  • A web3 native way for folks to contribute to the DAO and solidify their connection.

What is an onchain treasury?

Our new onchain treasury is:

  • A formal set of rules that are expressed in public and changed following a collective decision making process, aka governance.

  • A system to schedule & track recurring payouts.

How is this treasury supportive?

Our new treasury with Juicebox:

  • Increases our transparency.

  • Can connect to other project treasuries for programmatic payouts.

  • Is a digital record of financial contributions from individuals & sponsors.

  • Disperses ownership more fairly with $THIRSTY token than just NFTs.

How is $THIRSTY token going to be dispersed?

  • All S0 holders will be airdropped $THIRSTY based on amount of ETH they originally paid.

  • All Friends & Family will receive token equivalent to the value of the NFT - 0.2ETH

  • Any community or individual who puts funds into the treasury will receive $THIRSTY that means they can govern the DAO's funding. This includes sponsors & strangers.

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