The War on Crypto
PAC DAO is pleased to announce our first Action NFT.
After our successful Founder Drop we knew the community was ready to rally around protecting cryptocurrency. We used a relatively fast exponential ramp for the founder drop, which guaranteed we’d have fewer than 300 tokens available before the price hit $1B. Theoretically they are still for sale, but since the Founder Token offered nothing but a show of support for the project, it was great to see this get up to a price of over 1 ETH before minting slowed down just two weeks ago.
We knew we had to do something special with this support from the community. So we acted quickly. It was very helpful that Washington DC decided to pick these weeks to screw around with crypto. So we used the funds to locate the best possible artist.
'The War on Crypto' features award-winning American artist Rebecca Hendin, whose art is regularly featured in BBC, and The Guardian. This limited series reflects the current state of US politics and their overarching stranglehold on crypto innovation.
We are collecting funds to ultimately support the politicians who support us. We're building a scorecard and, as we enter the next election cycle, we're going to use it to help those who helped our community. In this case, we're identifying a “scored action”, which is sponsoring and bringing to a floor vote an amendment that strips the crypto language from the infrastructure bill. This, and any other scored votes or actions, and general hostility or support, will all inform the DAOs allocations. Read here to see why we picked this as our first scored action.
Our NFT-onomics for this series are much simpler than our founder drop. We have both a common and rare versions.
The common version is easy. Everybody can mint, and the price ticks up by .0001 ETH after each mint. The cap is 3000 units. If no politician steps up to remove the language from the infrastructure bill, and we aren’t able to score this action, the contract is programmed to offer a refund. You can burn however many NFTs you minted and get 90% of it back.
The rare version only has 5. There’s an auction, and the 5 highest bidders at expiry receive them. All others get a 100% refund, so you can have some degree of confidence in bidding.
Expiry is decided by the DAO — either a successful floor vote to remove the infrastructure language or a failure. So come on by our Discord and join the team.
Also, feel free to audit the smart contracts for the rare and common version, as well as check out the Github repo.
Click on the Image below to go directly to The War on Crypto NFT launch page.
