March 22, 2022
On behalf of himself and:
Twelve (12) developers
Three (3) in-house
Nine (9) Full-time Freelance Developers that have successfully created projects on an EVM compatible chain
- $6,000 USD worth of One invested by our team into the pool to create future projects
- Three (3) artists currently interested in joining the community with multiple outreach plans and processes in place to spread the word and increase participation upon funding
Governance will invite the initial developers and artists to apply to the platform.
A developer or artist that has been denied will be able to appeal their case to Governance.
Today’s digital creators deserve a more equitable system in order to be fairly represented, recognized and rewarded for their work. Even the best and brightest talents fall victim to subpar standards and representation via Web2, centralized, and/or legacy platforms. Our Co-Founders, along with their peers and colleagues, have firsthand knowledge of the inequitable practices that often make it prohibitive for creators to earn fair wages for their work. Our aim is to not only overcome this persistent and industry-wide challenge through a unique Web3 solution that restores creator confidence, fosters livelihoods, strengthens communities and puts creators first; but also to create an environment that removes the barriers that make it prohibitive for those with ideas to build blockchain applications.
The Creator Community Collaborator DAO, or CCC, is developing a platform to attract new digital creators by lowering barriers to building on the HarmonyOne chain including prohibitive costs and lack of access to developers, resources, and strategy. The CCC DAO calls itself a "Collaboration Platform" because it fosters growth and Web3 adoption between artists, developers, and investors towards enhancing and monetizing legacy and undiscovered communities. Moreover, CCC is an Impact DAO that will invest 4% of all profits into a community-chosen non-profit NGO or 501(c)(3).
The DAO will begin as a tool to connect developers, artists, and investors, allowing collaboration to occur with minimal risk. The founding developers are vetted based on their past experiences building live, on-chain projects.
The DAO’s contract will require developers to include a payment splitter in the project they build. Developers must return one percent (1%) of all proceeds from their projects to the DAO. Failure to do so results in blocking the release of funds from the project contract and reverts investor deposits back to the DAO contract. Those developers will also lose their developer tokens and no longer take part in the DAO.
Once the contract has a balance of ten thousand dollars (USD $10,000) in "One Tokens”, the contract will reinvest in building more projects on the HarmonyOne platform. The community will vote on which projects to invest in. Whether or not a project is completed will be determined by vote as well, and at such time that a project is deemed complete the DAO will release funds to the investors. The projects that the DAO sponsors will require a ten percent (10%) return of total proceeds to the contract. The DAO will re-invest these funds into new projects and pay out the investors, artists, and developers. Every time the DAO contract balance increases by thirty percent (30%), it will release ten percent (10%) of the funds and reinvest the remaining balance into more projects.
The contract releases the ten percent (10%) accordingly:
five percent (5%) returns to those holding the HERC-20 Tokens,
four percent (4%) goes to charity, and the remaining
one percent (1%) to Governance (see Figure 1 below).
The number of Tokens held divided by the number of Tokens in circulation equals the percentage of funds received.
Figure 1: Proportional Allocation of 10% from Proceeds
DAO Members will receive one of the three (Developer, Trust or Alumni) HERC-20 Tokens; these non-transferable tokens represent the member’s role in the community, the ability to vote and the number of successful projects completed. The number of tokens will stand for the members’ share in the allocated funds. Each address has only one vote; this hinders gaming the voting system and other forms of manipulation. DAO members will receive one HERC-20 Token at project initiation, and another for each project completed.
Trust Tokens HERC-20:
Trusted Developers will receive non-transferable “Developer Trust Tokens” to elect new members and gain permission to do project work. Each developer will receive one “Developer Trust Token” when voted into the platform and one for each completed project.
Trusted Artists will receive non-transferable “Artist Trust Tokens” to elect new members. Each artist receives one when voted into the platform and one for each completed project.
Investors do not receive HERC-20 Tokens upon entering the platform. They receive tokens upon completing their first project, called “Alumni Tokens”; these tokens are non-transferable and accumulate every time a project is completed.
Governance will invite artists and developers to join prior to launching the platform. Once the platform is launched, artists and developers will gain access via community vote. If denied entry, artists and developers may submit an appeal and supporting documents to Governance for review, including resumes, references, and past work. Governance will review the appeal at no cost to the applying talent.
In theory, the DAO incentivizes the community to add talented individuals given that the community allows the DAO to manage a higher volume of projects, resulting in more passive income.
Each artist and developer will be limited to working on one project at a time until that project is deemed completed by community vote.
Users start out with one vote but can earn more tokens by successfully completing community projects. Investors can view a user’s token earnings in their wallets to gauge their success from past projects.
The total number of tokens a user holds, whether that be Alumni, Developer Trust, or Artist Trust Tokens, will contribute to their percentage of funds reallocated to the community. For example: A user owns four (4) tokens of any type. If there are one hundred (100) tokens in the ecosystem, when the funds are reallocated, that user will receive 4/100 or 4% percent of funds that were returned to the community from investments.
Submitting a Partnership or Investor project proposal will require paying a “Project Submission Fee” of USD $1,500. These fees will fund the project by paying artists, developers, and other key team members. A part of this fee ($50) will be non-refundable if denied, the proceeds of which will go into the Creator Grants Projects Pool.
The community holding HERC-20 Tokens reviews and votes on each proposal over a one week voting period.
All community members holding tokens (Alumni, Developer, or Artist) may give one vote to any project. Each address holding tokens will only receive one vote regardless of the number of tokens owned.
Developers and artists may bid on a project after voting to approve it. The contract will allow investors to select the artist and/or developer of their choice.
The DAO transfers Investor funds to a separate contract upon project acceptance.
The smart contract will hold funds reserved for paying developers upon project completion. When the smart contract’s balance increases, the contract will trigger a notice and open voting to the community to determine whether that project is complete. A successful project completion vote will result in the contract auto-deploying developer payments.
One percent (1%) of all project profits must return to the DAO, which will release the funds in the form of investor payment to the developers. This incentivizes the developers to properly build a payment splitter.
The community votes to resolve disputes between investors and developers. This means that, should the investor not want to release funds to the developer, they must reach out to the contract holding the funds and request a review, triggering a community vote. Both the investor and the developer will present their cases to the community on a Notion page; the funds are released after the community finishes reviewing the case.
The DAO releases revenues after a successful project completion.
(Begin upon contract earning USD $10K)
The Project returns one percent (1%) of the profits made from approved project grants. The DAO then reinvests these funds into the community for Creator Grants.
Submitting a Creator Grant is free if the applicant follows proposal guidelines highlighting the project’s vision, budget, partners, collaborators, and creators involved.
The governance community holding HERC-20 tokens will review and vote on each proposal over a two week vetting period.
The DAO encourages those looking to fund their projects to hire developers and artists from within the community. This incentivizes good behaviors by encouraging developers and artists to stay within the DAO ecosystem.The contract will pay out developers and stakeholders upon project completion.
The developers ensure the payment splitter is reallocating the proper amount of funding to the smart contract.
A payment splitter from the invested project must reallocate funds back into the DAOs contract for future investments.
Token Holders will split five percent (5%) of profits earned by the contract quarterly.
The DAO will allocate four percent (4%) of the funds to a community-chosen non-profit NGO or 501(c)(3).
One percent (1%) will be allocated by the Governance Team.
We expect that each individual responsible for governance will devote a minimum of 10-20 hours per week to this project. This denotes a pay rate of $20-40 per hour. The reason behind keeping costs lower than market rates (~USD $80k-350k) is because we believe in our project and are confident in our capacity to make it succeed. We also want to foster future growth and collaboration with HarmonyOne.
Our greatest expense is development; we have two, in-house, experienced blockchain developers dedicated to this project to ensure success. Considering market rates, we believe that our request is reasonable and reflects both our goodwill and confidence to execute. In addition, we will sponsor a senior blockchain developer to aid in the project. We also would like to host “Bug Bounties” given that the project will hold and transfer substantial amounts of One Tokens.
The marketing costs will primarily enable our team to find strong developer and artist candidates to add to the talent pool while also attracting new members looking to turn their dreams into realities.
It is our belief that together with HarmonyOne, we can bridge the gap not only between creators and developers towards generating high quality content, but also building a community that removes restrictions inhibiting creators from being able to see their dreams fulfilled on the blockchain.