The Parachute DAO launch

Getting started..

Moving forward…

PAR as a token

Products in the Parachute DAO and under governance

  • While ParJar wallet will be in the Parachute DAO, its current state needs to evolve for DAO proposals around its functionality, implementation, feature sets, and application. The current proposal to implement a modification to on-chain, non custodial functionality is the first step in transitioning the product.
  • Current proposals around PAR farms and PAR product partnerships are subject to governance under the Parachute DAO. These approaches are targeting extended utilization and new revenue for Parachute DAO treasury. The DAO may collectively decide to propose further revenue streams to fund the DAO.
  • New products such as PAR/Token farms to generate NFTs and any future DAO created products fall under the DAO governance along with any proposed utility of PAR in those products after sufficient decentralization through the DAO. While these are exploratory concepts and will only move forward with DAO approval, any product idea that the Parachute DAO explores will also have subsequent funding proposals.
  • While not a product, the PAR governance token may be used by eventually elected committees to fund and operate events, prizes, hire developers, or create stable coin treasuries, as decided by the DAO collective.

Products not in the Parachute DAO

Closing thoughts + Why a DAO?

--

--

--

The community for exploring ideas in crypto

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Reserve Protocol : A Stable coin backed by Silicon Valley investors

Top Cryptocurrencies to Buy in 2022 for Life Changing Results

Top 3 Projects With Market Capitalization Between $20M — $40M as per CryptoDep

What is Initial DEX Offering (IDO)? A Complete Guide For Beginners

Analysis based action: CoinAnalyst.tech chooses ExMarkets LaunchPad

Introduction to Baby Doge Shiba INUS

Osmosis Updates from the Lab Recap, Mars Landing on Osmosis, June 01, 2022

Mid-Autumn Airdrop with the total prize of 1,000 $SBR

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Parachute

Parachute

The community for exploring ideas in crypto

More from Medium

Crodo — a new solution in IDO

Crypto Ninjas AMA - Ingo Rübe (Founder/CEO de KILT Protocol)

INITIAL Report

Huobi NFT AMA Series Recap-Ninja’s World