Noname DAO is a decentralized social network that's transforming how the world creates value. We are improving connections via DAO community for blockchain founders and enthusiasts. It’s a future that's more open, free, and fair.
Noname DAO is an experimental community that aims to build a new method of investors and founders collaboration. Nonamers can share and propose their knowledge of profitable investment options which the whole community can profit from using its large accumulated funds once DAO decides to approve it.
It's the ultimate membership powered by a community of blockchain founders, investors, and experts bound together by shared values and shared incentives.
Mission of Noname DAO is to fund awesome projects that people really need in the crypto area through collective voting using a collective treasury.
The Noname Auction Contract acting as a self-sufficient generation and distribution mechanism, auctioning one Noname every 24 hours, forever. 100% of auction proceeds (matic) are automatically deposited in the Noname DAO treasury, where they are governed by Noname owners.
Each time an auction is settled, the settlement transaction will also because a new Noname to be minted and a new 24-hour auction to begin.
Initial default price is calculated as a weighted average of winning bids (including burnt Nonames) over last 7 days.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction Nonames as long as Polygon is operational and there are interested bidders.
To join Noname DAO, you must hold one or more Noname NFT's. This means that everyone in the community is literally invested in the community’s success and gets to participate in the upside of the value we create together.