Overall proposal to kick-start the Genesis Epoch

An overall proposal to kick-start the Genesis Epoch that includes the sections as described below.

Genesis Proposal section 1 – Governance structure and rules as defined in the Whitepaper will serve as the basic principles of the DAO’s governance

Genesis Proposal section 2 - Elect council members for the Genesis term (Epoch 1 and 2)

As described in the whitepaper, the DAO will hold an election for members of the councils every two epochs to serve for a term of two epochs. In order to kick-start and lay the ground works for the DAO from scratch, we propose that the three founding core contributors should serve as the members of the councils during the genesis term:

• Governance Council: @CeciliaMaple, @0xTokugawa, @JZ
• Operation Council: @CeciliaMaple, @0xTokugawa, @JZ

Genesis Proposal section 3 – Approve objectives and budgets for Epoch 1

Let’s start building! In Epoch 1, the main focus is to build up a meaningful initial land portfolio as well as a vibrant community for the DAO. Details are as follows:

Objectives:

1. Land Purchase • Establish a sizable portfolio (up to 300 pieces with various sizes) of lands in mainstream metaverse projects, with initial focus on the Sandbox project. The acquisitions shall be executed at best available market price. • Specifically, a 3x3 land in the Sandbox project will be purchased for the purpose of building a DAO headquarter.
2. Community building and global marketing • Launch social media channels including telegram, discord, twitter, medium…etc. • Gather and grow a combined community with over 30k organic members across all channels. • Receive 10+ media coverages
3. Headquarter design and development • Liaise with a number of different design studios to discuss and solicit design proposals. • Evaluate and finalize proposals to confirm the final design plan. • Start the development works for the headquarter and associated experiences (eg, a mini-game).
4. Website, smart contracts and other technical ground works • Finish the smart contracts for TGE and fundraising. • Complete and launch the official website. • Establish and assign the necessary multi-sig wallets.
5. Fundraising • Close the Cornerstone Round. • Preparation for the First Public Sale.
6. Preparation for potential strategic initiatives for the following epochs • Strategic planning such as identifying potential strategic partners • Take initiatives to explore the possibility of creating exclusive IP for MetaOasis including the development of related NFT series.. • Generate design ideas for the experiences such as mini-game and exhibitions that will be made available in the headquarter and explore possible play-to-earn models.

Budgets: We propose a working budget of up to 90%of Cornerstone proceeds (payable in the form of $USDC/$USDT or $MOStokens) for all the works prior to the completion of the public round, which is estimated to occur before the end of Epoch 1. Breakdowns are as follows:

1. Land Purchase – 70% of the Cornerstone Round proceeds (up to a maximum of 3.5 million $USDC)
2. Community Building and Global Marketing – 10% to 15% of the Cornerstone Round proceeds (up to a maximum of 750k $USDC) • Operation: 100K $USDC • Media Kit: 50K $USDC • KOLs: 200K $USDC • Promotional Video: 50K $USDC • Incentives for community: up to 3 million $MOS tokens
3. Headquarter Design and Development – 3% to 4% of the Cornerstone Round proceeds (up to a maximum of 200K $USDC) • Design: 80K $USDC • Development: 70K $USDC
4. Miscellaneous – 1% of the Cornerstone Round proceeds (up to a maximum of 50K $USDC) • Website and smart contract developments • Other miscellaneous items (eg, tools for DAO)

/* Note: the $USDC estimates above is based on a maximum of 5 million $USDC raised in the cornerstone round. If the final amount is less than the maximum amount, the budget for each item shall be adjusted so that the total budget is 90% of the final amount. */

The passing of this Genesis Proposal will activate the Genesis Epoch, and the DAO governance structure will be put in place per the Whitepaper. A total of 2.34 million $MOS tokens will be minted for emoluments for the DAO council members during the first term (Epoch 1 and Epoch 2). These tokens will be distributed to the council members on a bi-weekly basis.