The tomi pioneer’s (nft) cover designs will be chosen every day by the community through a sub-DAO called “ArtDAO“.
The most voted Artwork will be featured for the next day pioneer auction, the rest of the Artworks will remain to compete in future daily auctions.
Sub-DAO voting doesn’t require being a pioneer holder like in the main Pioneers DAO, you only need to vote from an active wallet that contains at least one $TOMI token.
The reward mechanism for the chosen Artwork goes as follows:
Phase 1 – The winner will be chosen by a committee led by LittleFish, the Artwork will be bought for 20,000 USDT as the flagship Artwork for the first 1,500 pioneer’s.
Phase 2 – Daily auction of 22 pioneer’s for 365 days. Daily Artwork winners will receive a 4% reward from the total daily auction revenue.
Phase 3 – One pioneer per day forever. Daily Artwork winners will receive a 4% reward from the total daily auction.
HOW MUCH WILL A PIONEER COST?
Phase 1 price will be $3,000 per pioneer, from phase 2 forward, the price will be a factor of demand as the pioneer’s will be auctioned, the highest bid (or the highest 22 bids) will win.
HOW DO I SUBMIT A PROPOSAL?
Anyone can submit an Artwork for a cost of only 1 $TOMI token (that goes to the DAO treasury), every proposal will remain voteable for the next auction.
WHO CAN SUBMIT A COVER DESIGN?
Anyone can submit an Artwork they own.
the design committee will review the application and make sure nothing inappropriate gets submitted, validate ownership, etc.
The committee will be chosen by the Pioneers DAO democratically, and receive 1% of the daily rewards.
WHERE WILL THE MONEY FROM THE AUCTION GO?
Phase 1 and 2
tomi core, marketing, growth and development.
Phase 3
46.5% – Pioneers DAO treasury
1% – Design Committee
4% – Artwork Owner
48.5% – tomi core, marketing, growth and development
HOW WILL THE AUCTION PROCESS WORK?
All the submitted Artworks will be votable in the ArtDAO, any member can vote once, no matter how many tokens he has in his wallet.
Every 24 hours, the most voted design will be chosen automatically by a smart contract as the Artwork for the next day pioneer cover.
THE DESIGN COMMITTEE
3 members chosen by the Pioneers DAO democratically, they will be elected once per year and serve a role in managing and promoting the ArtDAO.
