017 Approve Community Transfer of CryptoDickbutts

Proposal: Approve Community Transfer of CryptoDickbutts

Author: Penus DAO core contributors Date: October 28, 2025 Voting system: Single choice (For / Against / Abstain)

TL;DR Approve the community-led transfer of all core CryptoDickbutts (“CDB”) assets from Toadman to a Recipient Group consisting of (i) Penus DAO and (ii) one Community Member contributor, with 50/50 post-close control, in exchange for $300,000 USDC (with a $100,000 / 3-day holdback in escrow until full delivery). Escrow: Eli Scheinman. After closing, all royalties route 50/50 to DAO and Member.

What we’re approving

Consideration & Split: Pay $300,000 USDC (Ethereum mainnet) to Transferor via escrow (Eli Scheinman). $3,000 for consulting and transfer services. Holdback: $100,000 released 3 days after escrow verifies completion of all transfers. Post-close control: Penus DAO 50% / Community Member 50%. Royalties/creator fees: distributed pro-rata 50/50 post-close. Assets to be transferred: Discord (“Dickscord”) server (ownership & admin). Domains/Web: cryptodickbutts.com, cdb.xyz (DNS/SSL/hosting/repos/analytics). Social: @cryptodickbutts on X/Twitter (admin credentials + recovery). On-chain collections: Seasons 1, 2, 3, 3D, 4 (roles/owner/admin/creator/pauser, metadata infra, provenance, royalty routing). IP bundle: available copyrights, trademarks (reg/unreg), logos, brand guides, names (“CryptoDickbutts”, “CDB”, “Dickstr”), hosted assets, and project records. S4 Passports: ~1,600 Season 4 “Passport to Gooch Island” NFTs, split 50/50 between DAO and Member. Transition package: keys, docs, accounts, vendor lists; chain-of-title from “Daddy” → Toadman.

Key confirmations: CC0 status reaffirmed (works dedicated to public domain by “Daddy”); Transferor quitclaims any residual IP rights. X/Twitter account transition to DAO-designated admins; move email/recovery to a neutral/joint address. Wrapper & governance: DAO may hold/manage assets via a legal wrapper without changing DAO control economics. Why this is good for the DAO Restores community control of brand, comms, and contracts. Clear revenue routing (royalties 50/50) to sustain community initiatives. Clean ops handoff across Discord, domains, socials, and on-chain roles. Execution plan & milestones

1. T+0 (Execution Date): DAO approves this proposal; Transferor finalizes Schedules A–F; escrow funded.
2. T+1: DAO sends escrow funds.
3. T+2: Transferor completes all migrations; pre-clears marketplace settings; queues on-chain role transfers.
4. T+3 (Closing): Escrow verifies completion; releases funds; public announcement. Acceptance criteria (what “complete” means) On-chain owner/admin/creator roles for S1–S4 + 3D set to the DAO/Designated multisig (or equivalent effective control). Royalties updated to route per 50/50 split. Discord, domains, X/Twitter admin + recovery moved to DAO-designated neutral/joint accounts. Delivery of Schedules A–G (contracts, domains/socials, IP inventory, chain-of-title, S4 allocation, key intros, and Designated Wallets). Funding & custody details Payment asset: USDC (Ethereum mainnet). Escrow agent: Eli Scheinman, authorized to release funds upon verification of completion against this proposal and the document hash/IPFS CID listed below. On-chain references (to be filled at posting) Document hash / IPFS CID of the binding Term Sheet and Schedules. DAO multisig address + threshold; Member multisig address. Governance record IDs (Snapshot proposal ID; if applicable, follow-on on-chain tx hashes). Choices For — Approve the transfer, payment via escrow, 50/50 control, royalty routing, and the execution plan. Against — Do not proceed. Abstain Let the record show: the community came, together, took back control, and returned our beautiful Dickbutts to their rightful home. Gooch Island isn’t just a destination, it’s a promise we kept. From chaos to coastline, we carried with us art, culture and math to create a better life for all who join. Long live CryptoDickbutts.