- Beaver DAM, initiated by Beaver Builder, is a pioneering community within the Linea ecosystem guided by the principles of Valocracy. This new paradigm emphasizes transparency, engagement, and democratization of value accumulation and governance through unique economic and political NFTs. The following information outlines the central components and dynamics of Beaver DAM, exploring its structure, mechanisms, and potential implications for participants and projects:
1 - Treasure Chest
-
The Treasure Chest is the treasury representing the economic value of Beaver 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.
2 - Economic and Political NFTs
-
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 Beaver DAM governance. As a Soulbound Token (SBT), it ensures that political influence can only be gained through community contribution.
-
-
Both NFTs are categorized into twelve rarity levels based on a Fibonacci metric, which influences their economic (key) and political (log) values.
-
Common - 1
-
Uncommon - 2
-
Rare - 3
-
Very Rare - 5
-
Epic - 8
-
Extraordinary - 13
-
Elite - 21
-
Mythic - 34
-
Legendary - 55
-
Arcane - 89
-
Supreme - 144
-
Divine - 233
-
3 - NFT Collection (Beaver Builder)
- Beaver Builder will launch its NFT collection with a supply of 2024 units, serving as the gateway to participating in Beaver DAM.
4 - Circular Economy
-
Valocracies represent the closest approximation to a true digital nation. Like any country, they require economic circulation across all levels to maintain a functional ecosystem. To achieve this, Beaver aims to implement circular economy mechanisms within the Beaver DAM, ensuring funds constantly flow through participants.
-
The economic cycle of Beaver DAM follows this pattern: Users → Communities → Ecosystem → Treasury → Users.
-
Users: Users form the core of the economy, acting as the primary driving force. They deliver value to the community and receive rewards from both the community and treasury for their contributions.
-
Communities: Communities represent the strongest sector, functioning as collectives capable of pushing boundaries. They demonstrate value to the ecosystem as powerful forces for engagement.
-
Ecosystem/Dapps: The ecosystem continually fosters growth within the Beaver DAM. Its main role is to stimulate the economy by depositing into the treasury, thereby driving greater engagement and participation from communities.
-
Treasury: As the heart and essential component of the entire system, the treasury not only receives incentives but also consistently rewards those who participate and add value.
-
The key to enabling this proposal lies in assigning a small fee to the circulation of Economic NFTs. Though subtle, as the number of participants grows, these fees generate incentives on a larger scale.
-
This fee is applied at two points in the Economic NFT's lifecycle: when it's sold on the secondary market or when it's burned as the user claims their reward. These accumulated fees create a profitability mechanism benefiting three distinct participant groups, each with specific goals:
-
Communities: Return value to the community and boost engagement by generating earnings that incentivize community growth or reward project developers. This mechanism leverages game theory principles, encouraging communities to adopt more community-focused approaches, as users may migrate to communities with more attractive rewards.
-
Vault: Fuel development. All deposited value becomes a development engine, with holders of Political NFTs (Wood Logs) participating in on-chain governance to decide where the accumulated funds will be invested.
-
Investors: Provide initial support for project development costs. As a reward for their backing, a portion of the ecosystem's revenue is returned to those who "put their hand in the fire."
-
5 - Participating in Linea DAM
-
To participate in Beaver 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 Beaver DAM, with these tasks being carried out via a Quests platform.
Conclusion
-
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.