Intro👋

• GM GM🌞

• Seedphrase came in and swept 45 rugs👏

• GM NFTs has generated ~60 ETH in revenue so far with 15% going back into the DAO treasury and the other 85% going back to buying Genesis NFTs

• Rug Radio Twitter & Analytics (28 days)

  • Analytics

    • 404K impressions

    • 83.8K followers

    • 311K profile visits

    • 5,000+ mentions

  • Upcoming

    • Starting to ramp up consistent tweeting with Jess creating a content calendar

    • Searching for an official Social Media manager

    • Gldncrypt0 has starting posting clips from the shows

DAO & Governance🏛

• Mike Kriak

  • Spending a lot of time interviewing lawyers and tax advisors to understand the best legal and tax structure for the DAO

  • By Mid-October/next Town Hall, we’ll have a report for actual vs budgeted expenses for the month of September

• Operational Council Vote

  • The Operational Council Proposal did not pass due to not meeting the 45% quorum

  • The community had some feedback surrounding accountability and KPIs for council members

  • A new, updated proposal will be coming soon that incorporates this feedback with an extended timeline to comment and vote

• Swapping $RDAO back to $RUG

  • Some of the community has expressed interest in allowing the swap back to $RUG from $RDAO

  • This is currently being discussed, but would most likely be on limited, specific timeframes as it could cause issues with the tokenomics structure

Team & Content Updates✍️

Community Rewards update from Jess

• Jess made a few announcements about the introduction of the community rewards

  • Twitter Thread

  • Rewards section on the website

  • Blog post about what to expect next

• Jess has been developing the model and program for over a year and has successfully installed it in many thriving projects.

• We’re working with a development team that’s helping us build a custom solution for Rug Radio.

• If you’re a holder and want to be an alpha tester, join the Discord and fill out the waitlist form.

Creator & Content Updates

• Patrick

  • Patrick is working on optimizing processes and schedules as well as onboarding creators from different chains

  • Reopening the host application which can be found on the Team Up with Rug Radio section of the website

  • Highlights

    • Gldncrypt0 is putting together and releasing a thread about the stats for the syndicated content

    • TikTok creator Melina is joining the team to help expand our footprint into video content on other platforms

    • A new financial show will be announced next week from a team that has an established audience in their own niche

• Gldncrypt0

  • Finally able to get audiograms posted such as the one with Beeple that is approaching ~16,000 views

  • Experimenting with this content and figuring out how this can be rolled out to all of the hosts

  • Talking with creators and working with them to figure out how to amplify their content and brand

I’m really excited about a lot of new content, someone joining our team that’s going to handle our TikTok, and work on some amazing video content so that we can be the voice of this space when it comes to sharing news in the right way. - Patrick

Community Updates from JC

• Highlights

  • Excitement about the audiogram clips by Gldncrypt0

  • Lots of excitement around the Rug Radio anniversary🥳

  • Lots of excitement for the amazing guests and giveaways that we’ve had on the GM NFTs

  • Shout to Branigan and the crew for working on the Rug Radio Rag and organizing community efforts around the DAO and voting

  • Farokh acting as the OpenSea intern brought a lot of attention and entertainment

  • Seedphrase sweeping the floor brought a lot of excitement after his 3,300 ETH punk sale

  • Working on the Team up with Rug Radio applications and streamlining that process while including the community in the decision

  • Creating a Discord bot that states a disclaimer that Rug Radio is not involved in any liquidity pools or trading relating to the Rug Radio tokens to ensure legal compliance.

Miscellaneous💬

• Bildr

  • A few months ago, we made a $150,000 investment in the form of a SAFE investment into Bildr, a company that is working on building our own content platform to aggregate the content within the Rug Radio ecosystem.

  • We have been working closely with them and have set the deadline for creators to start being onboarded to the platform in October

• The Rug Radio Store is pretty much done and should be live after some final reviews

• In the next couple of weeks, we’re starting calls with larger brands as we finally have a large enough team to handle these partnerships

• Shoutout to Diego for being an amazing Web developer as well as Jen for being an incredible graphic designer

Q&A❓

• What is the status of the Operational Council Proposal?

  • The new proposal will be coming soon with extended timelines for discussion and voting

• Why does 1K’s vote not display correct on Snapshot?

  • No idea, but possibly a Snapshot bug

• How do community proposals move up the governance steps?

  • Discourse / Discord Forum > The DAO operational council will ensure the proposal meets the requirements of the voting framework > Community conversation for 48 hours > 72 hour voting period

• Why do none of the Operational Council have a discord presence?

  • These people are active in other parts of the ecosystem especially in the backend, but will work on at least a weekly presence

• Is it really a regulation that prevents certain topics from being discussed?

  • Yes, to protect Rug Radio and the ecosystem