Skip to main content

4 posts tagged with "jbh-project creators"

View All Tags

· 5 min read
Matthew
Brileigh

Raising funds to decentralize space research and exploration

MoonDAO is a worldwide collective of people working together to decentralize access to space research and exploration. To learn more about how MoonDAO is uniting all earthlings to have a say in how the Moon and other planetery systems should be governed, check out this deep dive on the JB blog as well as episode 7 of the Juicecast with co-founders Pablo and Kori on Spotify and Apple Podcasts.

In this article, we’ll cover how MoonDAO used Juicebox to fundraise ~ $8.3 million (2600+ ETH) to buy two Blue Origin tickets.

Banner from MoonDAO introduction article on Pablo's Mirror

Banner from MoonDAO introduction article on Pablo’s Mirror

Case Study: MoonDAO sends someone to space 🌌

The second phase of MoonDAO’s roadmap was to send a person to space in 2022. To achieve that goal, they created a Juicebox project in December 2021 to start raising funds to bootstrap the community wallet governed by the DAO and buy tickets for two flights on Blue Origin.

Since achieving their goal, MoonDAO is no longer minting $MOONEY tokens and has stopped fundraising. This article will cover how the project was initially configured for their fundraise. On the Funding Cycle panel on the left, we can look in the History tab to see past funding cycle configurations. This article will break down the settings from Funding cycle #1.

Funding cycle history for MoonDAO on Juicebox

Funding cycle history for MoonDAO on Juicebox

In the Funding distribution panel, we can see that 100% of funds withdrawn were distributed to the MoonDAO Treasury (0xce…b2c9), a multi-sig Safe (formerly Gnosis Safe) wallet.

Funding distribution for MoonDAO on Juicebox

Funding distribution for MoonDAO on Juicebox

Understanding MoonDAO’s project configuration 🔎

Taking a closer look at the configuration settings for Funding cycle #1, we can see that the following settings were used for their fundraise:

  • Target is set to No target which means that there is no predefined funding target (e.g. $1 million) and project contributors will not be able to redeem against the treasury when/if it surpasses that amount (”overflow”). Please note that Target is now Distribution Limit for v2/v3 projects on Juicebox.
  • With Duration set to 30 days, the project owner can start a new funding cycle with new configuration settings every 30 days. This gives a sense of security to project contributors knowing that the project can only be reconfigured once every 30 days.
  • Discount Rate is set to 0% which means that token issuance will stay the same after each funding cycle. In other words, there is no added incentive for early contributors.
  • Redemption Rate is set to 100% which means that tokens can be redeemed against the overflow of the treasury for equal value at any time. In other words, there is no added incentive for redeeming later vs. earlier. Please note that since this project was set to No Target, the treasury will never be in overflow and contributors will not be able to redeem against the treasury.
  • Contributor rate is set to 500,000 + 500,000 reserved, meaning that when someone contributes 1 ETH to the project, 1,000,000 $MOONEY tokens are minted: 500,000 for the project contributor and 500,000 for the address(es) on the Reserved Token Allocation list.
  • Reserved MOONEY is set to 50%, which dictates the percentage of newly minted tokens set aside for the address(es) on the Reserved Token Allocation list.
  • Token minting is disabled which means that the project owner cannot mint tokens at any time. Only project contributions will mint new $MOONEY tokens. This gives project contributors confidence that the token supply cannot be inflated by the project owners.
  • No reconfiguration strategy was set, meaning that the project can be reconfigured and take effect immediately after the current cycle ends. This presents some risk to project contributors as the upcoming funding cycle parameters can be changed with very little notice. Since MoonDAO’s project has a Duration set to 30 days, any reconfiguration would take effect once the current cycle ends.

Funding cycle #1 configuration for MoonDAO on Juicebox

Funding cycle #1 configuration for MoonDAO on Juicebox

Reserved token allocation 🪙

There is currently no Reserved token allocation since MoonDAO has stopped fundraising. If we look back at their configuration for Funding cycle #1, we can see that 50% of all tokens were reserved. In MoonDAO’s case, these tokens were set aside for a community wallet governed by the DAO for future use like rewarding contributors.

MoonDAO-Reservedc1.jpg

Reserved $MOONEY allocation from MoonDAO’s funding cycle #1 configuration

🎙️ Listen to Kori and Pablo tell the story of MoonDAO on episode 7 of the Juicecast on Spotify and Apple Podcasts

🌜 Follow MoonDAO on Twitter: @OfficialMoonDAO 

💬 Join MoonDAO’s Discord: https://discord.gg/5nAu7K9aES

🐦 Follow Juicebox on Twitter: @JuiceboxETH

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

· 6 min read
Matthew
Brileigh

How MoonDAO raised over $8 million (2600+ ETH) on Juicebox to send someone to space

tip

To learn more about how MoonDAO was configured on Juicebox for its fundraiser, read this companion article.

There are nearly eight billion people on Earth and fewer than seven hundred of them have been to space. We all share a curiosity to better understand space but only the wealthy have the ability to actually experience it firsthand. What started as a space race between nation states is now a game being played out by corporations, excluding 99.9% of humanity from having a voice in how we explore and research outer space… that is, until MoonDAO.

Our whole world is divided up into nations and historically they have competed over space, but we now have tools that enable people to easily collaborate across borders. It doesn’t matter where you’re from, as long as you have an internet connection you can join the [MoonDAO] Discord.

Pablo Moncada-Larrotiz

Why NASA should be decentralized,” a thread by MoonDAO co-founder Kori Rogers

“Why NASA should be decentralized,” a thread by MoonDAO co-founder Kori Rogers

MoonDAO, a worldwide collective of space enthusiasts 🌐

MoonDAO is a worldwide collective united by the mission of decentralizing access to space research and exploration. Set against the backdrop of a privatized space race controlled by a select few, MoonDAO is building a decentralized community of space enthusiasts working towards improved access to space exploration while continuing to push research forward. As the worldwide population grows while becoming increasingly atomized by borders, it is more crucial than ever to make space research transparent and accountable while remaining accessible to everyone regardless of their financial means or geographic location.

The Moon as seen from the ISS, shared by European Space Agency astronaut Alexander Gerst

The Moon as seen from the ISS, shared by European Space Agency astronaut Alexander Gerst (credit: NASA images)

The beginning of MoonDAO from the ashes of ConstitutionDAO 📜

Despite the disappointment of ConstitutionDAO losing the auction to buy an official copy of the U.S. Constitution, community members were still buzzing in the aftermath as they considered the implausible events that had just unfolded and what might lay ahead for DAOs. Not long after, Pablo Moncada-Larrotiz, Kori Rogers, and a few others spotted a lunar asteroid going up for auction and started discussing crowdfunding the acquisition of the next meme object to be governed as a DAO. From there, MoonDAO started as a joke: let’s buy the Moon, one rock at a time.

Their goals quickly solidified and became more serious when Pablo and Kori hopped on a call to discuss what their values were, what MoonDAO could become, and why space should be a frontier for all humans. They shared a common vision for MoonDAO: a bottom-up, horizontal approach to space research that would reflect the thoughts and desires of humanity as a whole.

Banny on the Moon by Burtula from WAGMI Studios

Banny on the Moon by Burtula from WAGMI Studios

Raising $8.1 million (2600+ ETH) on Juicebox 🧃

The first goal for MoonDAO was to launch their governance token, $MOONEY. When they set up their project on Juicebox, there were no tokens set aside for founders or VCs. Project contributors received 500,000 $MOONEY per 1 ETH contributed with an additional 500,000 $MOONEY going to the community wallet which would later be governed by the DAO. “That was one thing that we wanted to emphasize in relation to our mission to decentralize space exploration,” says Kori. “I think it was the meaningful thing to do.” As opposed to giving power to co-founders or investors, MoonDAO was committed to giving every member equal opportunity to help shape the future of space exploration.

On December 17th, 2021, the MoonDAO project was created and their next goal was to raise enough funds to buy tickets for a sub-orbital flight on Blue Origin. “Juicebox is a bootstrapped community building from the ground up,” says Pablo. “It’s a community of regular people trying to do something new and I knew that we wanted to work with them over any other platform for crowdfunding.” By the end of January 2022, MoonDAO had raised over 2,600 ETH (~ $8.1 million USD).

MoonDAO's Ticket to Space NFT

MoonDAO's Ticket to Space NFT

The first person sent to space by a DAO 🚀

The second phase of MoonDAO’s roadmap was to send someone to space. Literally. After their successful crowdfunding campaign they acquired two tickets for flights on Blue Origin. One ticket was reserved for a sponsor and the second was reserved for the winner of their Ticket to Space NFT raffle. For the latter, they launched a free-to-mint NFT and used Chainlink VRF to conduct a publicly auditable randomized draw. Following their commitment to transparency and equal access, this drawing method allowed any member of the community to verify the results for themselves.

For the sponsor seat, the MoonDAO community voted and chose Coby Cotton, member of the YouTube trick-shot group Dude Perfect. Nominations were gathered from a Discord vote that included over five thousand members’ input. Together, Dude Perfect and MoonDAO achieved something that has never been done before: a DAO sending someone to space. On August 4th 2022, Blue Origin successfully completed its sixth human spaceflight (NS-22) and Coby Cotton, along with five other astronauts, ascended to sub-orbital space.

Stay tuned for more MoonDAO updates as their next goal is to go to the moon in 2030 🚀

Coby Cotton with MoonDAO members and the Dude Perfect team after Blue Origin Flight NS-22 on August 4, 2022

Coby Cotton with MoonDAO members and the Dude Perfect team after Blue Origin Flight NS-22 on August 4th, 2022

🎙️ Listen to Kori and Pablo tell the story of MoonDAO on episode 7 of the Juicecast on Spotify and Apple Podcasts

🌜 Follow MoonDAO on Twitter: @OfficialMoonDAO 

💬 Join MoonDAO’s Discord: https://discord.gg/5nAu7K9aES

🐦 Follow Juicebox on Twitter: @JuiceboxETH

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

· 6 min read
Matthew
Brileigh

How Lexicon Devils is running a metaverse concert series on Juicebox

FORMING is a metaverse concert series hosted by Lexicon Devils for Juicebox. To learn more about how Lexicon Devils is building the metaverse and getting paid to do it, check out this deep dive on the JB blog as well as episode 8 of the Juicecast with Wackozacco and Peacenode on Spotify and Apple Podcasts. You can also check out this configuration article to learn how Lexicon Devils configured their project on Juicebox to receive payments for services rendered and distribute funds to contributors for their work.

Attendees repping sick wearables at FORMING vol. 1

Attendees repping sick wearables at FORMING vol. 1

As the pinnacle of their monthly Juicebox event series, Lexicon Devils is hosting FORMING, an experimental metaverse concert featuring performances by web3 musicians. The team created a second Juicebox project dedicated to crowdfunding with fans and community members to pay out participating artists in ETH. Each monthly event features a curated lineup of web3 musicians, with pre-recorded performances (including juicy skits from DarbyTrash) at a virtual party in the Juicebox parcel.

The stage for FORMING vol. 1

The stage for FORMING VOL. 1

In this article, we’ll cover how Lexicon Devils is fundraising to pay web3 musicians for their performances at FORMING and distributing funds to artists transparently on Juicebox.

Jerry Springer skit from FORMING vol. 3

Darby Jerry Springer revealing whether JGAP is the father of FLOPPY’s newborn, still from a skit screened at FORMING VOL. III

Case Study: FORMING x FLOPPY 💾

On September 17th 2022, FORMING highlighted tracks made by beta testers of FLOPPY, a FPS (First-Person Sampler) 3D environment that players can use to interact with their DAW (Decentralized Audio Workstation). Floppy is a free and easy-to-play DAW for everyone with a desktop browser, providing artist-curated sample packs for users to create music, listen to it, and sell it on their NFT marketplace. JGAP, the founder of Floppy, curated a selection of tracks made by the community of beta testers and collaborated with FORMING to spin up an event to showcase the results and pay the artists.

In the Funding distribution panel, we can see funds being distributed evenly (25% each) to all participants in FORMING vol. 3:

Recent Funding distribution for all artists performing at FORMING vol. 3

Recent Funding distribution for all artists performing at FORMING vol. 3

Understanding FORMING’s project configuration 🔎

While Lexicon Devils have their own project to manage payouts for their contributors, the FORMING project is configured differently to reflect the needs of one-time fundraises for each monthly concert. Scoping out the project’s config, we can see that the following choices were made:

  • Distribution limit is set to No limit (infinite) which means that there is no limit to the amount of funds that can be distributed from the project’s treasury. For FORMING, this gives organizers the flexibility to distribute the total amount raised for each event evenly between all of the artists performing.
  • With Duration: Not set, the project owner can start a new funding cycle with a new configuration at any time, giving the project owner increased flexibility. However, this also presents risks to project contributors as funding cycles can be started at any time without warning.
  • Discount Rate is set to 0% which means that token issuance will stay the same over time. In other words, there is no added incentive for early contributors.
  • Redemption Rate is set to 100% which means that tokens can be redeemed against the overflow of the treasury at any time. In other words, there is no added value for redeeming earlier vs. later.
  • Mint Rate is 500 FRM tokens per 1 ETH with zero (0) tokens reserved. This means that when someone contributes 1 ETH to the FORMING project, they get 100% of the tokens minted (500 FRM).
  • Owner token minting is disabled which means that the project owner cannot mint tokens at any time. Only project contributors will mint new FRM tokens.
  • No reconfiguration strategy was set, meaning that a project can be reconfigured at any time without notifying contributors. Again, this is a very flexible approach for project creators but carries risk for project contributors.

Funding cycle configuration for the FORMING project on Juicebox

Funding cycle configuration for the FORMING project on Juicebox

Looking at the history of Distributed Funds in the Activity panel on the right side, we can look through past months to see funds being distributed to the roster of artists that have performed at FORMING vol. 1, 2, and 3. By using Juicebox to manage their treasury in an open and transparent way, community members are able to see the payouts for each volume of FORMING which is not usually possible in a traditional event planning context.

FORMING-DISTRIBUTION.png

History of funds distributed for FORMING vol. 1, 2, and 3

Reserved token allocation 🪙

There is currently no Reserved token allocation, meaning that all tokens minted are given to fans who donate funds to support FORMING artists. Lexicon Devils have hinted that people who hold FORMING tokens will soon be eligible for special perks including NFT mixtapes, exclusive wearables, and token-gated channels in Discord.

FORMING vol. 3 with FLOPPY

FORMING vol. 3 with FLOPPY

In addition to hilarious skits performed by Darby and JGAP—including mock Jeopardy and Jerry Springer episodes—the team also streams a screenshare of funds being distributed at the end of the event. By using Juicebox to manage FORMING, Lexicon Devils demonstrates the power of a transparent and programmable treasury to create trust while harnessing the power of collective action to fund artists.

Live view of funds being distributed to artists at the end of FORMING vol. 3

Live view of funds being distributed to artists at the end of FORMING vol. 3

🧑🏼‍🎤 Watch the full performance of FORMING x FLOPPY on Youtube

💸 Support the next artists performing on FORMING on Juicebox

💾 Follow FLOPPY on Twitter: @FloppyDigital

🎙️ Listen to Wackozacco and Peacenode share the story of Lexicon Devils on episode 8 of the Juicecast on Spotify and Apple Podcasts

🏗 Follow Lexicon Devils on Twitter: @Devils_Lexicon

🧃 Visit the Juicebox parcel in Voxels

🐦 Follow Juicebox on Twitter: @JuiceboxETH

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials

· 5 min read
Matthew
Brileigh

Managing a metaverse architecture guild on Juicebox

Lexicon Devils is a metaverse guild running on Juicebox. To learn more about how Lexicon Devils is building the metaverse and getting paid to do it, check out this deep dive on the JB blog and listen to episode 8 of the Juicecast with Wackozacco and Peacenode on Spotify and Apple Podcasts.

Juicebox Learning Center in Voxels

Juicebox Learning Center in Voxels

In this article, we’ll cover how Lexicon Devils is managing their treasury on Juicebox by receiving payments for services rendered and then distributing funds to contributors for their work.

DeFIFA bar and lounge at the Juicebox Transit Centre

DeFIFA bar & lounge at the Juicebox Transit Centre, home for the upcoming self-governed game scheduled to take place during the 2022 FIFA World Cup

Case Study: Lexicon Devils x Juicebox 🧃

Lexicon Devils has created buildings, concerts, and other metaverse experiences for a number of projects including a custom HQ for Dreams Never Die, a web3 music DAO, and a browser-based metaverse experience for NFT project Slothtopia. They also have an ongoing payout from JuiceboxDAO to design and build metaverse experiences for its parcel on Pluto Island in Voxels.

In the Activity panel of their Juicebox project, we can filter by Paid to see recent payments made to the project which consist of recurring payouts from the JuiceboxDAO v1 project:

Recent payments made to the Lexicon Devils Juicebox project

Recent payments made to the Lexicon Devils Juicebox project

Understanding Lexicon Devils' project configuration 🔎

Jumping into the project’s config, we can see that the following choices were made:

  • With Duration set to 14 days funds can be distributed every 14 days. This is a common approach for project creators that run a business or service and want to pay their contributors every two weeks.
  • Discount Rate is set to 0% which means that token issuance will stay the same over time. In other words, there is no added incentive for early contributors.
  • Redemption Rate is set to 100% which means that project tokens can be redeemed against the overflow of the treasury for the same amount at any time. In other words, there is no added incentive for redeeming later vs. earlier.
  • Contributor Rate is set to 650,000 tokens/ETH and Reserved Tokens is set to 35%, meaning that contributors who pay 1 ETH to the project will receive 650,000 tokens and addresses on the Reserved Tokens list will receive 350,000 tokens.
  • Token minting is disabled, meaning that the project owners cannot mint tokens at any time. Only project contributions will mint new tokens.
  • No reconfiguration strategy was set, meaning that the project can be reconfigured at any time without notifying contributors. This is a very flexible approach for project creators but carries risk for project contributors.

Funding cycle configuration for the Lexicon Devils Juicebox Project

Funding cycle configuration for the Lexicon Devils Juicebox project

Looking at the history of Distributed Funds in the Activity panel, we can see funds being distributed to the builders of Lexicon Devils. Building in the open and managing their project on Juicebox allows anyone to see which address(es) are being paid for how much each time funds are distributed.

Two past examples of funds being distributed to Lexicon Devils builders

Two past examples of funds being distributed to Lexicon Devils builders

Reserved token allocation 🪙

We can also take a look at how Lexicon Devils’ Reserved Tokens are split:

  • ~ 11% to eight current contributors building Lexicon Devils
  • ~ 11% to the Lexicon Devils multisig

Using Reserved Tokens to reward active contributors helps create incentive alignment by giving builders more tokens and therefore more power to shape the future of the project through governance. Their success is the project’s success: builders contribute to the project, accumulate project tokens over time, and are invested in seeing it succeed long-term.

Reserved token allocation for Lexicon Devils on Juicebox

Reserved token allocation for Lexicon Devils on Juicebox

In addition to managing their own project as metaverse architects on Juicebox, Lexicon Devils is also working on FORMING, a hyperverse concert series that pays web3 musicians to perform at the Juicebox parcel. Stay tuned for another overview and configuration article that will dive into the FORMING project on Juicebox.

Juicebox Transit Centre and Learning Centre in Voxels

Juicebox Transit Centre and Learning Centre in Voxels

🎙️ Listen to Wackozacco and Peacenode share the story of Lexicon Devils on episode 8 of the Juicecast on Spotify and Apple Podcasts

✍️ Learn more about Lexicon Devils in this deep dive article on the JB blog

🏗 Follow Lexicon Devils on Twitter: @devils_lexicon

🧃 Visit the Juicebox parcel in Voxels

🏢 Visit the Lexicon Devils HQ in Voxels

🐦 Follow Juicebox on Twitter: @JuiceboxETH

🚀 Trending projects on Juicebox

📚 Project Creator Docs

📹 YouTube Tutorials