[ANN]🔥🔥FireDAO=Social DAO+DID+Web3 Identity+SBTs+SuperEconomy🔥🔥

[FireDAO]

4.6 FLM airdrop and rewards

In order to expand the FID Web3 identity system better and faster, the FireDAO ecosystem will conduct the most extensive airdrop in the history of Web3. The FireDAO official team will screen active wallet addresses on the chain, and at the same time issue various types of community activity medals SBB for active users in the entire crypto world to mint. For those users who have already minted the community activity medal SBB, the FireDAO community will conduct various types of free airdrops, airdropping FLMs to those active users.

The FLMs received by the airdrop can be exchanged for the governance token FDTs in the official exchange pool. The price of FDT is subject to the real-time price of the secondary market transactions. At the same time, the exchanged FDTs start to be unlocked at the speed of each block, and it will be released linearly within about two years.

To receive airdrops, you must have a PID. Without a PID, you cannot receive airdrops. After the FLMs in the airdrop pool have been claimed, you can continue to inject FLMs into the pool to ensure the continuity of the airdrop. When the FLMs in the airdrop pool are completely used up and no longer injected, those who have not received the airdrop will no longer be able to participate.

For more specific policies on FLM soul airdrops, please refer to the actual operation documents in the future.

[FireDAO]

4.7 FDT  Liquidity  LP Mining

In order to motivate more long-term value investors, FireDAO will launch a liquidity LP mining incentive for FDT. Each community member can lock the LP of FDT's main trading pair into the liquidity mining pool, and can mine the incentive token FLM. The obtained FLMs can be exchanged for FDT and unlocked linearly in two years.

Different mining weight coefficients are determined by the different lock-up periods. The longer the lock-up period, the higher the mining weight. The protocol relies on the number of minted soul-locked tokens SBT-005 to implement specific reward policies.

During this lock-up process, the protocol casts two kinds of SBTs: SBT-001 and SBT-005. SBT-001 is mainly used to record the FDT comprehensive position information of this soul account, and SBT-005 is mainly used to record the liquidity mining information of this soul account. The entire ecology distributes FDT ecological dividends according to the position weight ratio of SBT-001, and rewards liquidity mining according to the position weight ratio of SBT-005.

[FireDAO]

The amount of SBT-001 minted is determined by the number of FDTs contained in the LP and the weight coefficient when the LP is locked. If the LP contains 10,000 FDTs now, locked for 3 months, and the weight coefficient is 3, 30,000 SBT-001s will be minted. At the same time, since the amount of FDT contained in LP is constantly changing, if the lock-up period matures and LP needs to be withdrawn from the mining pool, the same proportion of SBT-001 will be burned according to the proportion of withdrawn LP. If the lock-up period matures and LP is not withdrawn from the lock-up mining pool, this order will continue to enjoy the benefits of the original policy.

The amount of minted SBT-005 is determined by the number of LPs and the weight system when LPs are locked. In the case of current lock-up, 1 LP can mint 1,000 SBT-005. If it is locked for 3 months and the weight factor is 3, 3,000 SBT-005 can be minted by depositing 1 LP. At the same time, if the lock-up period matures and LP needs to be withdrawn from the mining pool, the same proportion of SBT-005 will be burned based on the proportion of withdrawn LPs.

[FireDAO]

4.8 FDT  Lock-up  Mining


In order to motivate more long-term value investors, FireDAO will launch an FDT Lock-up Mining. Each community member can lock FDTs into the mining pool, assign different weight coefficients according to various lock-up period and can mine the incentive token FLMs. The obtained FLMs can be converted to FDTs, which will be released linearly within two years.

Different mining weight coefficients are determined by various lockup period. The longer the lock-up is, the higher the mining weight will be. The protocol relies on the number of  FD-SBT-006 to implement specific mining reward policy.

During this lock-up, the protocol mints two SBTs : FD-SBT-001 and FD-SBT-006. FD-SBT-001 is mainly used to contain the FDT comprehensive position information of this Soul Account, and FD-SBT-006 is to contain the lock-up  mining information  for this Soul Account. The whole ecology distributes the ecological income according to the proportion of holding weight of the FD-SBT-001, and rewards the lock position mining according to the proportion of holding weight of the FD-SBT-006.

[FireDAO]

The minting quantity of FD-SBT-001 is determined by the number and weight coefficient of FDTs during the lock-up. If 10,000 FDTs are locked, for example, the period for 3 months, and the weight coefficient is 3, then the minting amount is  30,000 FD-SBT-001s. If the lock-up matures and FDTs need to be withdrawn from the mining pool, the same proportion of FD-SBT-001s will be burned according to the proportion of withdrawal from the lock-up order. If the lock-up time ends and FDTs are not withdrawn from the lock-up pool, the original policy remains effective.

The minting quantity of FD-SBT-006 is determined by the number of FDTs and the weight coefficient during the FDTs lock-up. If 10,000 FDTs are locked for 3 months, and the weight coefficient is 3, then 30,000 FD- SBT-006s will be minted. If the lock-up matures and FDTs need to be withdrawn from the mining pool, the same proportion of FD-SBT-006 will be burned according to the proportion of FDTs withdrawal from the lock-up order. If the lock-up time ends and FDTs are not withdrawn from the lock-up pool, the FDTs original policy still remains effective.

[FireDAO]

Chapter Five: FireDAO Community Governance

FireDAO is a community-driven autonomous economy built by all community members, in pursuit of co-creation, co-governance and co-ownership! Having a sense of ownership, each community member is the real master of FireDAO and participates in the collective decision-making of the community in the form of referendum voting.

FireDAO issues governance token FDT. The holders of FDTs are the owners of the entire FireDAO community. However, unlike the governing principles of general DAOs, FireDAO carries out community governance activities centered on the FireSoul account. FireDAO will create a community governance DAO which will serve as the highest governance body of the entire FireDAO community.

Each official member of DAO has a soul account and is assigned an FID. Each FID has a "on-chain reputation" value. FireDAO is based on the value of on-chain reputation as voting right to participate in the community governance of the entire DAO. Community members without FID have no right to enjoy various rights within the FireDAO ecosystem, including but not limited to reward rights, dividend rights, voting rights, and the right to be elected.

The FireDAO community was initially governed by the RainbowCity Foundation in a centralized manner. The RainbowCity Foundation authorized the formation of a interim management team for the global community governance of FireDAO, which will be governed by the interim management team.

The FireDAO Global Community Interim Management Group is appointed by the RainbowCity Foundation. The chairman of the RainbowCity Foundation serves as the interim team leader and has a veto power over the proposals of the group. As the ecological development of FireDAO goes gradually on track, the authority of each administrator of the FireDAO protocol will be handed over to the community governance DAO one after another. The community governance DAO manages and governs, and makes decisions in the form of community referendums. FireDAO will gradually realize completely decentralized governance.

[FireDAO]

5.1 Governance Structure

Inspired by Compound's governing principles, FireDAO creates a governance DAO for decision-making by the whole people, and this governance DAO is responsible for the governance and upgrade of the entire protocol. In contrast, FireDAO does not use the voting model of "one token, one vote" but creatively centers on the FireSoul account, combining the number and weight coefficient of different Soulbound tokens in the Soul Account, and thus ultimately creates the FID On-chain Reputation, using the score of FID On-chain Reputation as the voting weight of governance.

[FireDAO]

5.2 Proposal Thresho

Any wallet address with an FID On-chain Reputation score of more than 100,000 points can propose governance activities by creating proposals in the form of executable code.

[FireDAO]

5.3 Voting Delegation

It takes 72 hours from the creation of the proposal to the official vote, which is convenient for users to delegate voting.

When the proposal contract is activated and the block height is determined, community members with FID now can open a voting delegation for this proposal and obtain formal votes. Different proposals require different voting delegations. The voting weight will be based on the FID On-chain Reputation scores at the block height when the proposal is created. Any vote must be cast through a delegation. Voting delegation can be delegated to oneself or others, and can also be delegated to different wallet addresses.

Voting rights delegated to other wallets can be revoked before voting officially begins. After the official voting starts, users can still delegate and vote, but cannot revoke the voting rights that have been delegated to others.

[FireDAO]

5.4  Voting Execution

The voting has support, object and abstain three options. Users who have completed the voting delegation can vote through the three options respectively.
The voting process lasts 3 days. The voting right can be multiple options and each option has a different number of votes. After the vote is cast, it cannot be revoked.

[FireDAO]

5.5 Voting Result

When the referendum voting is officially over, the total score of FID On-chain Reputation when the proposal was created is used as the total voting weight base. Votes will be valid only if the total number of votes exceeds 20% of the score, otherwise the proposal will fail.

When the referendum is officially over, the total voting points will be used as the base to judge the voting results. If the number of support votes exceeds 50% of the base, the proposal will be approved; otherwise the proposal will fail.

[FireDAO]

5.6 Result Execution

If the proposal is approved, the result will be queued in Timelock with a Timelock delay of 2 days. After the Timelock period ends, any account can apply the changes in the proposal to the target contract, which will access each operation in the proposal.

[FireDAO]

5.7 Guardians Contract

The governance contracts include a guardian contract address controlled by the FireDAO team and it can cancel the proposal or disable the governance module in an emergency.

[FireDAO]

Risk Warning & Disclaimer

This document is for informational purposes only with the basic introduction of the project. It is not and cannot be regarded as a guidance or commitment to investment, cooperating with any specific or unspecified subject, and is not and cannot be regarded as the project team's financial promises or guarantees to the project.

This document does not constitute any investment advice, investment intention or instigation of investment in any form of securities. Any similar proposal will and must be made under a trusted clause and permitted by applicable securities laws and other laws. In the meantime, this document does not constitute nor understand to offer any sale or any invitation to buy or sell any form of securities.

Those who have the intention of participating, investing and collaborating in this project must bear the responsibility to fully understand all the potential risks of this project. All participants involved in the project shall fully understand and accept all the risks that have occurred or may arise in the project, and shall bear the corresponding responsibilities on their own.

The Token referred in this project, as a digital asset unloaded on the team server, has a complete and independent value from the project team. Its value completely depends on the recognition of its use and exchange value determined by relevant market entities. It is not and should not be used or treated as bonds, securities or securities of any kind.

The value of the Token generated by this project is affected by the market environment and the degree of recognition of the market entities. The project team cannot guarantee the value of the Token, which requires investors to judge by themselves.

In the light of the regulatory changes of blockchain technology, cryptocurrencies, etc. by governments around the world, the project team reserves the right to modify, delete, add, or abolish partial or all of the contents of this document at any time in accordance with the laws and regulations of each region and/or the actual situation.

Please make your own judgment on the contents of the project team & project services, and bear all risks arising from the use of this document, including the risk derived from the reliance on the correctness, completeness or practicality of the content of this document. The project team cannot and will not be liable for any loss or damage caused by any individual actions.

The project team has the right to revise this white paper according to changes in laws and regulations, as well as adjustments to business conditions and business strategies. The project team has the final right of interpretation and modification.

[FireDAO]

Firedao is in the progress of building the ecosystem. Keep connecting with us.

[FireDAO]

References

During the process of writing the white paper, we referred to a large number of online articles & materials about DAO and Web3 which enormously inspired our understanding of the entire industry, and this also promoted the birth of FireDAO. As of now, we only list some key articles as a reference directory.
Meanwhile, we would like to express our highest respect and heartfelt thanks to all thought leaders, developers, builders and supporters who have contributed to the crypto world. Let’s build the Web3 DAO world together.

1.Decentralized Society: Finding Web3's Soul
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763

2.Soulbound
https://vitalik.ca/general/2022/01/26/soulbound.html

3.DAOs are not corporations: where decentralization in autonomous organizations matters
https://vitalik.ca/general/2022/09/20/daos.html

4.On Crypto Governance
https://a16z.com/2021/02/05/on-crypto-governance/

5.DAO governance attacks, and how to avoid them
https://a16zcrypto.com/dao-governance-attacks-and-how-to-avoid-them/

6.Virtual Society, Blockchains, and The Metaverse
https://a16zcrypto.com/virtual-society-the-metaverse-blockchains/

7.Efficient DAO Design
https://banklessdao.mirror.xyz/QQA6ZhvHtDefWEAT-SXaHYPYMtHUhshtXX5dY-gv0u8

8.Investing in Friends With Benefits (a DAO)
https://a16z.com/2021/10/27/investing-in-friends-with-benefits-a-dao/

9.DAOs: Social networks that can rewire the world
https://www.coinbase.com/learn/market-updates/around-the-block-issue-21

10.Decentralized Identity: Your Reputation Travels With You
https://future.com/decentralized-identity-on-chain-reputation/

11.An overview of DAO's yesterday, today, and tomorrow
https://mirror.xyz/0xE7300ad06a85BB8d4F69D46fe41c9FC086139E01/SBJuBbgRV72wGkRk1L-N-1FXR4NNSS1nsV_6XG5A9Kk

12.DID Soul Three Questions
https://mirror.xyz/mtyl.eth/qLkLJhqUDg0MKdYsGgWCRblFdULuOiy_smByUCmDBUw

13.Make The DAO Great Again
https://mp.weixin.qq.com/s/3t3O19QWTCoZxcNdpncsXg

[FireDAO]

FireDAO Global Community Launches Early Contributors Plan

Dear members of the global crypto community,

We are thrilled to announce the latest initiative of the FireDAO Global Community — the official launch of the Early Contributors Plan! As the core of the FireDAO project, early contributors will play a crucial role in our ecosystem, contributing to our success and development. We eagerly look forward to your participation in building a stronger and more prosperous crypto community together.

Introduction to FireDAO
FireDAO is a social DAO based on the PID and FID soul-bound account, initiated and established by the RainbowCity Foundation. As a native Web3 DID identity protocol based on blockchain technology, FireDAO operates on the Arbitrum one chain and aims to create a community-driven autonomous economy. Our goal is to revolutionize decentralized decision-making, shared economy, and social interaction through the power and wisdom of the community, ultimately ushering in the “Bit Civilization.”

We firmly believe that human society will enter an advanced civilization based on mathematics and algorithms due to the creation of Bitcoin, which we call the “Bit Civilization.” In our view, Bitcoin is the tinder that ignites the “Bit Civilization,” and the Web3 world we are currently building is the soul of the “Bit Civilization,” with DAO organizations being the soul of Web3. To keep the fire of civilization burning continuously and vigorously, the supply of fuel is indispensable. The “FireDAO” we are creating today is the fuel for the “fire of civilization.” Through the creation and continuation of “FireDAO,” we aim to provide a continuous supply of fuel for the blazing “Bit Civilization,” passing on wisdom and fueling civilization.

FireDAO Products and Features
FireDAO has already launched its first core product on the Arbitrum one network — the Fire Passport, which is our PID system. With Fire Passport, you can create and manage your identity, achieve global Web3 on-chain identity creation, and actively participate in the development of the FireDAO ecosystem forum. Furthermore, we will gradually launch other core products such as FireSeed, FireSoul, on-chain reputation, city nodes, and global guilds, providing FireDAO community members with more innovative and practical features.

[FireDAO]

Early Contributors Plan Privileges and Opportunities
As an early contributor, you will have the opportunity to participate in our NFT ecosystem design plan. We plan to issue various NFT badges to recognize and reward the contributions and achievements of early contributors. These unique NFT badges will be a symbol of honor within the FireDAO community, showcasing your significant contributions to the project and holding unlimited possibilities in the crypto art market.

The FireDAO Early Contributors Plan offers the following privileges and opportunities:

1. Early participation: Be a pioneer in the project’s development and participate in our progress firsthand. As an early contributor, you will have the opportunity to collaborate with our team in the early stages of the project and provide valuable feedback and suggestions for products and services.

2. Influence decisions: Your voice will be heard and valued. As an early contributor, you will have the opportunity to participate in discussions and decision-making processes regarding important matters, collectively shaping the development direction of FireDAO.

3. Rewards: We will provide generous reward mechanisms for early contributors to recognize and appreciate your contributions. This includes token rewards, exclusive airdrops, and other incentive plans, allowing you to share in the success and growth of the project.

4. Community recognition: Become a member of the FireDAO community and connect with other early contributors and crypto community members. You will gain a unique community role and identity, showcasing your significant position within the project.

Additional Opportunities and Benefits
In the Early Contributors Plan, we also offer additional opportunities and benefits:

1. FireDAO OG Round Whitelist: When you reach a certain level on the Zealy platform and become an outstanding member among early contributors, you will qualify for the FireDAO OG Round Whitelist. This will give you the opportunity to participate in the OG round subscription of FireDAO governance token FDT, becoming a cornerstone contributor to FireDAO and maximizing the dividends of FireDAO’s growth.

2. Zealy Platform XP Points Exchange for FLM: On the Zealy task platform, you can accumulate XP points by actively participating in various tasks and activities. Once you reach a certain threshold, PID users can exchange these points for FireDAO incentive tokens FLM through the FireDAO forum at a certain ratio. This will bring you ecosystem rewards, further increasing your influence and rewards within the FireDAO community.

3. FireDAO Ecosystem Forum Incentives: We encourage your active participation in the development of the FireDAO ecosystem forum, such as posting, replying, and interacting within the forum. As a reward, you will receive more incentive tokens FLM as recognition and appreciation for your contributions and participation in the forum.

[FireDAO]

Active Participation in the FireDAO Ecosystem Forum
In addition to the aforementioned privileges and opportunities, we also encourage your active participation in the development of the FireDAO ecosystem forum. By minting a FirePassport, you will receive a PID and automatically obtain a forum account, enabling you to engage in discussions, exchanges, and interactions with community members on the forum. You will receive more incentive tokens FLM through active interactions on the forum, as recognition and rewards for your contributions and participation.

Zealy Platform and Ranking System
We will implement our Early Contributors Plan through the Zealy platform, where crypto users worldwide can participate. Once you achieve a certain level on the Zealy platform, you will gain corresponding privileges and opportunities.

We encourage you to actively participate in various tasks and activities on the Zealy platform, interact and communicate with other community members, and showcase your talents and contributions. In the near future, we will release more detailed information about the Zealy platform’s ranking system and privileges, ensuring that every early contributor enjoys fair and just treatment.

FireDAO values the voice and participation of the community, and we want every early contributor to feel their importance and value. Therefore, we will continuously optimize and adjust the ranking system based on the development and needs of the Zealy platform, ensuring that early contributors receive the recognition and rewards they deserve.

Join FireDAO’s Early Contributors Plan
We sincerely invite everyone from worldwide who are passionate about crypto technology and the blockchain industry to join FireDAO’s Early Contributors Plan. Whether you are a KOL, crypto enthusiast, developer, designer, marketing expert, or simply curious about the crypto world, FireDAO welcomes your participation.

Please visit our official website at www.firedao.co for more detailed information about the FireDAO project. Additionally, you can check your contributions and progress on the FireDAO community leaderboard on the Zealy platform: https://zealy.io/c/firedao/leaderboard

Stay connected with us on our social media platforms:

FireDAO Twitter: www.twitter.com/FireDAOlab
FireDAO Forum: www.forum.firedao.co
FireDAO Discord: www.discord.gg/HjtHk5j6nG
FireDAO Reddit: www.reddit.com/r/FireDAO
FireDAO Medium: www.medium.com/@FireDAOlab
FireDAO Facebook: www.facebook.com/FireDAO
FireDAO TikTok: www.tiktok.com/@firedaoofficial
FireDAO YouTube: www.youtube.com/@FireDAOlab
FireDAO Github: www.github.com/FireDAOlab

The fire of FireDAO has been ignited, let us join hands and drive the growth of the FireDAO global community! Together, let’s create a crypto world filled with innovation, freedom, and fairness!

FireDAO Official Team
May 26, 2023

[Bolivar_Tony]

This is an interesting project and i will love to be part it and contribute, I am a coder, where do people like me fit in, in the project? If you can let me know, I will be willing to join the community. Thank you.