Evolving DOT #1

Title: Evolving DOT #1 Author: Rolldawg Type: Action Implementer: Multi-sig team Created Date: January 9, 2023

SUMMARY This proposal seeks to permit the members of the Pixel Vault Founder’s DAO multi-sig team to engage with the FoundersDAO wallet (Wallet: 0x580A96BC816C2324Bdff5eb2a7E159AE7ee63022) to evolve DOT #1 to the maximum level.

ABSTRACT What: The Pixel Vault Founders DAO having been awarded the first-ever DOT, ID #1, will lead the community and evolve DOT #1 through every EVO tier, as outlined in this proposal.

Why: The Founders DAO is the leader of the Pixel Vault ecosystem in actions, ideas, assets, and community. As such DOT #1 should be one of the lynchpin assets in the Founders DAO and through evolving it to EVO6 and 7 DOT #1 will achieve this status.

Who: Multi-sig team will execute all transactions within the Founders DAO wallet. Rolldawg will serve as oversight to the multi-sig team to ensure the evolution of DOT #1 will occur prior to anomaly events, to the best of the multi-sig's ability.

How: DOT #1 is currently at EVO1. To achieve EVO6, 31 additional MP2 must be used to complete the proper evolutions. Once this proposal is passed DOT #1 31 MP2s will be earmarked for the evolution transactions. If the evolution to EVO7 requires nothing more than gas, the multi-sig team will also execute that evolution step. However, if the requirements for EVO7 are more than gas a separate proposal will be required.

POSITIVES DOT #1 will be at the maximum level in the Pixel Vault Founders DAO vault. This allows the possibility of DOT #1 being used in future Pixel Vault games. Potential passive or active earning in future Pixel Vault games. The intangible benefit of having evolution party spaces, discord events, twitch streams, or other community-coordinated events in association with the evolution of DOT #1.

RISKS None determined at the time of this proposal.