Splinterlands Calbayog PH, the DAO is born and is eager to Share its blessings
Its been almost 6 months since I had been introduced to the world of Splinterlands, I have seen a lot of transitions from excitement, all time highs and increased demand, to volatility in the Crypto Space, prices falling pretty far down and uncertainty and fear of the unknown displayed from local and international communities alike. With all of this happening @lvlup and I had to make some changes.
There had been a discussion on creating a DAO (Decentralized Autonomous Organization) which sounded interesting. The consensus, that we would find likeminded investors, preferably players of the game, who could collectively identify potential challenges that our community right now are having, find a solution and allow the opportunity of a win win scenario within our local demographic.
So it began, a round up of potential investors, creation of Accounts, identification of an efficient deck, covering all Splinters using Chaos Cards only and the identification and voting process of our candidates who would be using the decks. We gave these out on the 3rd February 2022, and so far have received good feedback.
So here's the deal. The DAO provides the cards and accounts, all Cards and Packs obtained by the player from Loot Chests and End of Season will belong to the DAO. The player will receive 90% of their DEC earned over the period of 15 days. As of yet we have not collated the data to set targets for the players, it is a testing phase. We will be releasing 2 more decks tomorrow to already identified candidates putting our DAO Deck total to 5. The average cost for each of the decks is around $600 using current prices.
So why create a DAO? The purpose is to help as many people as possible, we sat and thought about this for a long time, although we may have the initial investment to go it alone, a collective approach would provide a broader aspect and perhaps highlight areas that potentially could be missed. We have now 4 investors and what's even better, they are Leveluplife Guild Members also. We welcome on board @mchurchm & @bitcoiner007
So we as the initial Investors hold the majority percentage of shares being 51% which is equally split amongst the 4. This allows no biased in the voting aspect as no one holds more weight than another. We have a scheduled meeting every Thursday at 21:00PM (It suits all parties as 2 are from the US and @lvlup and I live in the Philippines) where we go through an agenda, financial report and Action Plans moving forward. We are currently in the process of putting together our Mission Statement and Job Roles for our initial Board. The 49% remaining will be available for purchase by potential shareholders, this can be done through the accumulation and contribution of required assets that we use for the decks) or can be purchased using in game currency, we have pegged each share to $1,
For transparency and learning purposes, we will be posting our future minutes from meetings and sharing our action plans on PEAKD. We are all super excited with what lies ahead and will be happy to share our journey with you all. We would also be grateful should you have any feedback, suggestions or advise to share with us. Our hope is that we can really make an impact in enhancing awareness of Splinterlands in Philippines, spread knowledge on how to maximize opportunities within the Crypto Space as well as encourage growth within our local community. Splinterlands has really made a difference for all involved, we also want to give back and share the blessings. Here we are having our conference call meeting with our other two investors and joined by one of our current shareholders @colosal.