Hello all cool people! Please note that this is intended to only act a baseline for discussion - just some thoughts. If you like it - expand the points you like. If you don’t - give the DAO your thoughts so we can improve together! One love.
We all believe that its important for our potential contributors that join our DAO to get motivated to contribute from the beginning. As a way to create engagement, we give them 500 SHN as an onboarding bonus. With this latest development of the contributors that have joined us I think we need to think about other ways to onboard new potential contributors.
How could we change it?
I Propose that instead of paying little for many to join - I say that we pay a lot for few. Can we find few very intrinsically motivated contributors (that we know can generate value) and give them a decent signing bonus?
How would it work?
One of the existing members of the contributors should be able to vouch for a new person to join - acting as an oboarder for this person. It has clear incentives and provide clear skin in the game. It should be clear to all contibutors who invited this member.
After the first meaningful contribution (that we can choose as existing contributors), this new contributor would recieve a signing bonus of 15000 SHN. They essentially get bumped up to the lowest tier of investor. This is way more SHN then what we are going with currently (30x) but I see this is as a much better way to incentivise high-quality people to join.
Additional question - how do we incentivise the people that invite contributors? Give them an allocation as well? Could be somewhere in the 5-10k range.
Checks and Balances?
I believe that we can dare to experiment with different ways to engage people without needing to think too much of worst case scenarios currently. We got a lot of SHN in our budget for contributors so I guess we spend it. Me personally have a few peole I know that might be good contributors. I think they have the skill and might need som extra push.
What happens if t he contributor sells the SHN right away?
This is a possiblity that might be the first to come, but that should be the payment for the meaningful contibution anyway. Right now - the price of SHN is low and if we are starting to have a higher price, the signing bonus would be much more attractive, which means that the contributor would have to create more value. I think we could experiment and see how the results would be.
I have been thinking about using some kind of punishment for the contributor that invited but I don’t think its needed. In the end, compared to the value we got from our >11k Shine this week (writing this on the saturday the 16th of October) - I’d rather spend that on one contributor doing some real good shit. One task will provide more value to us than some memes.
What happens to the true Anons?
Anyone must be able to qualify themselves on the basis of theirr own merit. Come in, engage yourself as any other and show that you want and can help. I love this aspect of the web3 and I believe it should be facilitated in any possible way. Just because one contributes doesn’t mean that they shouldn’t be able to contribute.
At a certain point, it should be clear whether someone has the potential to become a contributor.