DexGuru shared details of the DexGuru DAO bootstrap phase

DexGuru shared this Monday, March 07, through its Twitter account, the details of its DexGuru DAO startup phase. According to the company, their goal is to launch DAO governance in the most decentralized way possible and keep the community engaged and entertained.

Image about DexGuru’s Twitter post

“Our goal is to launch DAO governance in the most decentralized way possible and keep the community engaged and entertained. We want community members to see themselves as part of the project, aligned with the same goals. Therefore, the community needs to step up and participate in the DAO bootstrap phase and governance mining and not just blindly follow the decisions of the core team. During this period, we will seek a consensus on all the main issues related to DAO”, he said through an article published on his website.

The company explained that early adopters who tipped DexGuru before February 1, 2022, will be able to mint a Guru Season Pass NFT, allowing them to participate in governance mining during the DAO bootstrap phase. From there, it will be up to the DAO to decide when and how to launch the $GURU token, and exactly how to reward early governance entrants.

Who can participate?

Users who tipped DexGuru before February 1, 2022 and supported our community from the beginning. The particular chain and the amount of tips do not matter. If you tipped DexGuru before February 1, 2022, you are eligible to mint a Guru Season Pass NFT.

• LobsterDAO NFT Holders

• DEXT token holders

• UniWhales token holders

• Chartex token holders

• AstroTools token holders

The company explained that the above addresses were whitelisted as they could become particularly valuable members of the community, have relevant knowledge and already have significant activity linked to their address.

Similarly, he indicated that the addresses of the previous users are included in the whitelist and will be able to mint the GURU NFT season pass for free. This NFT will allow community members to participate in the early DAO phase and vote on pre-DAO decisions on when and how to deploy the $GURU token, what reward early entrants should receive, etc.

Also read: IQ Protocol announced $12 million fundraiser

GURU Season Pass NFT Mining

The firm commented that minting is tentatively set for the end of March on Ethereum. The whitelist will be published on Github prior to minting.

In his opinion, the coinage is free; There is only a gas fee for publishing a single instance of the ERC-721 token on the Ethereum blockchain.

Furthermore, he added that the mintage will be open for a short period of time, around 3 days or so. The main purpose of the season pass is to participate in the DAO bootstrap phase before the $GURU token is released. Making it a long wait doesn’t make much sense.

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