Executive Summary

The 8DAO contributor team hereby present the Season 7 (1 April 2024 - 30 Sep 2024) proposal to 8DAO members.

Season 7 Strategic Goal

“Diversify Tokens In 8DAO Treasury”

In season 7, 8DAO contributor team established a new strategic objective: "Diversify Tokens In 8DAO Treasury". With the recent resurgence of the bull market, it's an opportune time for investment. Diversifying our treasury token is essential for enhancing and stabilizing our financial standing. This strategy allows us to spread our treasury across a broad array of tokens. With this in mind, our token treasury diversification could involve investing in a variety of established tokens. A promising strategy might be to invest in the top 100 market cap cryptocurrencies. The decision to diversify the portfolio will be ratified by the contributor team. An updated portfolio summary will then be available for members to review.

In season 6, a substantial proposal was put forth to swap 150,000 USDT from the treasury and convert it into Ethereum (ETH). This move was seen as a strategic decision to diversify the treasury's holdings and leverage the potential growth of Ethereum. As of the present date, March 25, 2024, this decision has proven to be a sound one. The value of Ethereum has seen an impressive increase, surging by over 50% since the swap was made. This significant rise in value has not only justified the initial swap but also shown the potential benefits of such strategic financial decisions.

This season's key content is as follows:

1. One of our main strategies will be to invest in the top 100 market cap cryptocurrencies using the treasury fund. This diversification will provide us with exposure to the entire crypto market, allowing us to leverage the potential high returns that these assets may offer.

2. We have also decided to downsize our contributor team from 6 to 5 people. This decision was made after careful consideration, and we believe that a smaller, more focused team will be better able to take on the challenges and opportunities that lie ahead.

3. Lastly, we will be holding real-life events where we will share and discuss the current hot topics in Web3, such as BTC layer 2, DePin, and others. These events will serve as a platform for networking, learning, and sharing insights and predictions about the future of these technologies.

Consolidated Season 7 Budget

Season 7 Proposal Contributing Team

Full version of the Proposal

Executive Summary

The 8DAO contributor team hereby present the Season 6 (1 Oct 2023 - 31 Mar 2024) Proposal to 8DAO members.

Strategic 6 Goal

“Grow the treasury via opportunities in Ethereum Ecosystem”

In season 6, the Executive Committee has agreed to set a new strategic goal: “Grow the treasury via opportunities in Ethereum Ecosystem”. As a NFT and DAO focused community, the team believes ethereum will continue to play a leading role in the coming cycle. Focusing opportunities in the ethereum making our capital allocation more efficient through the team and community’s knowledge and experience of the ethereum. As the time length of the bear market continues to be unclear, we believe it’s in the community’s best interest to maintain operating costs at a low level. Here are the key content of the proposal:

1. Convert 60% of treasury 150,000 USDT/USDC to ETH. Option by Executive committee to stake the ETH in low-risk protocols to earn passive income for the treasury

2. NFT fund will continue to look for NFT investment opportunities in Ethereum

3. Extend seasonal length from 3 months to 6 months. This will help to reduce administrative hours which lead to lower operating costs

4. Instead of proposing goals and tasks by each contributor at the beginning of each season in the past, from season 6, all contributors' roles and contribution hours will be set at a level that maintains the basic operation functions of each position. A general budget will given to the Executive Committee to decide if to support certain initiatives proposed by the contributors or the community in the middle of the season

5. As the executive committee agreed to slow down venture investment given the market conditions, rotation of the Investment Committee will be paused.

6. Down size contributor team from 10 to 6 people and strictly control the hours to control compensation expense

Consolidated Season 6 Budget

Season 6 Proposal Contributing Team

Full version of the Proposal

Executive Summary

The contributors hereby present the Season 5 (1 July - 30 September 2023) Proposal to 8DAO members.

Strategic 5 Goal

“Enhance Treasury Economics”

In season 5, the Executive Committee has agreed to continue Season 4’s strategic goal of “Enhance Treasury Economics”. The purpose is to establish a sustainable financial mechanism for 8DAO. We expect the bear market will last for an extended period of time, and a closer look at our costs and cash position is a prudent arrangement. 3 main points:

1. Continue to be cautious with expenditure. Cut all unnecessary costs as much as possible
2. Finding a web3 revenue model in the bear market is difficult. The team will be realistic about this when it comes to initiative planning
3. Be cautious with investment risk and adopt a more conservative approach

Consolidated Season 5 Budget

Consolidated Season 5 Budget

Season 5 Proposal Contributing Team

Season 5 Proposal Contributing Team

Full version of the Proposal

Executive Summary

The contributors hereby present the Season 4 (1 April - 30 June 2023) Proposal to 8DAO members.

Strategic 4 Goal

“Enhance Treasury Economics”

The purpose is to establish a sustainable financial mechanism for 8DAO. We expect the bear market will last for an extended period of time, and a closer look at our costs and cash position is a prudent arrangement. 3 main points:

Focus on cost control and the financial benefits of all DAO initiatives. A positive cash flow mindset.

Explore different capital allocation options. Study the possibility of deploying capital across different options. Capital growth while taking on calculated risks acceptable to the community.

Prioritize new initiatives that can bring in cash flow or liquid assets in the short term.

Major executive structure change:

A new, flatter team structure to replace the old block leader + contributor system. We envision 9 unit leads spearheading the various functions of 8DAO, with other general contributors reporting to them. All unit leads are candidates for the executive committee. We will implement an election process in which all contributors vote (5 votes each, open voting) to select the 5 Executive Committee members. The election takes place once at the beginning of each season.

Executive committee key functions:

Handle the following key decision making for 8DAO a. Approve use of treasury funds for all expenses exceeding USDC 1000, within each seasonal budget b. Approve partnerships c. Approve contributors’ commitment hours and compensation d. Select investment committee members

Review and approval of seasonal budget proposal

Main Objectives of executive structure change:

Ensure Executive Committee members who have the power to make core executive decisions are those who are recognised and voted in by fellow contributors, in terms of their decision making ability, contribution performance, integrity and putting 8DAO interests first.

Meritocratic Progression - Ensure new contributors who perform well have the opportunity to enter the core decision making group, the Executive Committee.

Increase the number of contributors doing peer assessment. Improve accountability

Making the DAO function not reliant on any individual. Reduce key-man risk.

Making the executive structure more flat, with more specific roles focused on leveraging each contributor's core skill set.

Consolidated Season 3 Budget

Season 3 Proposal Contributing Team

Full version of the Proposal

Executive Summary

As we are approaching the end of Season 2 (1 October - 31 December 2022), the core contributors hereby present the Season 3(1 January - 31 March 2023) Proposal to all the 8DAO members. In Season 3, our development focus will remain the same as Season 2, which is creating value to token utility. The slogan for Season 3 is “Build Token utility”. From the perspective of core contributors, it is an important goal for our DAO and the complexity of its nature requires more than one season to build. We will be building on what we have established in season 2 and continue to bring further value to DAO token utility. The key points of Season 3 Proposal are set out below:

Strategic Goals

Create value for 8DAO tokens. “Build Token Utility”.

Coordination Block

• Blocks coordination. Coordinate and support all blocks functioning well
• Ambassador. Represent 8DAO to introduce or present in gathering, interview, seminars, conference and other events
• Explore new initiatives. Line up with strategy block to discuss and plan new initiatives

DAO & Investment Block

During the course of Season 3, the DAO & Investment Block will:

• Continue closely reviewing the governance structure and process, propose -amendment once necessary
• Continue exploring all kinds of partnership to further build our ecosystem
• Continue exploring investment opportunities and grow with the projects

Strategy Block

The Strategy Block will continue to work with block leaders to drive towards 8DAO’s seasonal goal. Facilitate discussions and provide advice. Help Block Leaders plan and review their plans and tasks, apply structured and critical thinking to different initiatives. Meanwhile, we further engage with different contributors and community members to solicit feedback and ideas for the DAO’s strategic development.

NFT & Community Block

The key focus for Season 3 is to continue growing the number of quality members in 8DAO, and at the same time explore how our block initiatives contribute to building token utility. This season we grow from 3 to 4 working units: 1. Administration, 2. Content, 3. Social Media, and 4. NFT to execute on our key initiatives.

Treasury Block

The key focus for this Season will be exploring more web3 tools to improve 8DAO productivity and contributor’s using experience; preparing reports to members for operational transparency.

Consolidated Season 3 Budget

Season 3 Proposal Contributing Team

Full version of the Proposal

Executive Summary

As we are approaching the end of Season 1 (1 July - 30 September 2022), the core contributors hereby present the Season 2(1 October - 31 December 2022) Proposal to all the 8DAO members. In Season 2, our development focus will transfer to creating value for 8DAO tokens. “Explore Token Utility” is our slogan for Season 2. The key points of Season 2 Proposal are set out below:

Strategic Goals

Create value for 8DAO tokens. “Explore Token Utility”.

Governance Structure Adjustment

1. Evolution of ‘Governor Block’ to ‘Coordination Block’
2. ‘Governance & Administration Block’ to become ‘DAO & Investment Block’
3. ‘Community Block’ to become ‘NFT & Community Block’
4. ‘Marketing Block’ to become ‘Strategy Block’

Coordination Block

1. Blocks coordination. Coordinate and support all blocks functioning well
2. Ambassador. Represent 8DAO to introduce or present in gathering, interview, seminars, conference and other events
3. Sub-block incubation. Line up with strategy block to discuss and plan new initiatives

DAO & Investment Block

As the DAO & Investment Block we will continue our functions of governance in the coming seasons but we will now switch focus to building out the governance structure we have developed and improving where needed. We will continue both our research and understanding of other DAOs as well as looking to facilitate real partnerships with other DAOs through sharing our resources in a way that is mutually beneficial. Finally we aim to build on 8 Venture Squad and put in place a formal investment team with responsibilities that will ultimately bring greater utility to 8DAO tokens.

Strategy Block

The Strategy Block will work with each block leader to develop strategies for various initiatives. ensure all the initiatives are coherently driving towards 8DAO’s seasonal goal. Be a strategic thought partner and sounding board to Block leaders for different initiatives. Help Block Leaders plan and review their plans and tasks, apply structured and critical thinking to different initiatives, leading to the ultimate question of our seasonal strategic goal - “How can this initiative create token utilities?”

NFT & Community Block

The key focus for Season 2 is to continue growing the number of quality members in 8DAO, and at the same time increase engagement and bonding between existing members. This season we experiment with the creation of 3 sub blocks: 1. Administration, 2. Content and 3. NFT to execute on our key initiatives.

Administration Sub-Block

1. Experimenting with different types of community events
2. Virtual Community Engagement and ongoing process of gathering feedback
3. Optimizing sign-up process, and reduce friction for members to become contributors
4. Design and production of quality merch for members

Content Sub-Block

1. Curate and craft quality content for members on hot topics in Web3 Space, published on our 8Weekly
2. Curate for quality content in 8DAO Archives
3. Refining 8DAO website and content

NFT Sub-Block

1. Explore potential collaborations with other NFT projects and studios, obtain WL opportunities for 8DAO members
2. Enhance 8DAO brand recognition through collaborations with other communities
3. Arrange showcases for NFT projects and host IRL events for NFT collectors

Treasury Block

The key focus for this Season will be exploring more web3 tools to improve 8DAO productivity and contributor’s using experience; preparing reports to members for operational transparency.

Consolidated Season 2 Budget

Season 2 Proposal Contributing Team

Full version of the Proposal

Executive Summary

As we are approaching the end of Season 0 (1 April - June 30 2022), the core contributors hereby present the Season 1(1 July - 30 September 2022) Proposal to all the 8DAO members. In Season 1, our development focus will transfer from infrastructure to community. “Community First” is our slogan for Season 1. The key points of Season 1 Proposal are set out below:

Strategic Goals

1. Continue to recruit quality members
2. Increase active contributors
3. Community empowerment

Governor Block

For Season 1 we will focus on building the community. We will: continue to promote the brand name of 8DAO through our ambassador roles; keep our members current with the latest web3 developments, especially in the DAO space; work with members to prepare their proposals internally; and continue to assist and support all other blocks as needed in their community building work.

Governance & Administration Block

In Season 1, the G&A Block will continue to develop the 8DAO governance structure and provide the tools to empower the community and help more contributors as they come on board. The key points of Season 1 for the G&A Block are as set out below:

1. Creation of Community Block & Marketing Block
2. Adjustment on the key roles (Council Members, Community Advisors, Investment Committee Members)
3. Encourage governance participation

• Governance Guidebook
• Bottom-up Proposals

4. Talent Pool development

Marketing Block

The key focus for Season 1 is to enhance 8DAO’s brand identity, increase (a) awareness of 8DAO and (b) its influence via PR, social media and partnerships to make an impact in the Web3 community and attract quality members.

Community Block

The key focus for Season 1 is to increase engagement and bonding between 8DAO members, as well as enrolling further quality members. Key activities include:

1. Experimenting with different types of community events
2. Virtual Community Engagement
3. Optimizing sign-up processes
4. Design and production of quality merch for members

Treasury Block

The key focus for Season 1 is to prepare treasury reports regularly for members to review; explore more web3 tools to improve 8DAO productivity and contributor’s using experience; set up an investment squad to explore more investment opportunities.

Consolidated Season 1 Budget

Season 1 Proposal Contributing Team

Karma - Governor Block Leader Samuel - Governance & Administration Block Leader Lydia - Community & Marketing Block Leader Jason - Treasury Block Leader Lawrence - Singapore Region Head

Full version of the Proposal

Abstract

With the rapid growth of Web3/DAO, it's fantastic to see more and more talent jumping into the ecosystem to build new projects. This document proposes to create an Acceleration Programme (“AP”) under the Governor Block so that 8DAO can properly support its allies.

Full version of the Proposal

Abstract

8DAO team and community leaders have been dedicated to bringing all sorts of value to 8DAO members. This document proposes to create an Investment Club under the Treasury Block, so that 8DAO members may enjoy the opportunities to pool invest in the different projects alongside 8DAO.

Full version of the Proposal

Abstract

8DAO team and community leaders have been trying to improve 8DAO governance. With the growth of the functions and size of 8DAO, treasury management has become more and more important. Therefore, this document proposes to create a Treasury Block to better manage the assets of 8DAO.

Full version of the Proposal

Summary

Primary goal for 8DAO season 0 is to build a solid DAO foundation - a complete internal structure and proper governance. It creates conditions for solid growth in the following seasons. Building a DAO mechanism supported by the community majority. Creating values for members via events, seminars, campaigns and other social activities. Strengthening bonding among DAO members is an important part of the DAO.

This proposal is prepared by the three block leaders of 8DAO Governor Block - Karma Governance & Administration Block - Samuel Community & Marketing - Lydia

Full version of the Proposal