The 445M NAI Proposal

We recently burned 445,480,975.77 NAI in our last vesting update. Now, we have an opportunity to either mint this exact amount into the DAO treasury or permanently burn it. This proposal aims to let the community decide which path is best.

Mint or Burn?

Adding these 445 million tokens to the DAO treasury ensures we have the resources to grow the project when its needed. The DAO treasury is used to fund grants for builders that want to build on Nuklai, marketing incentives (like campaigns, KOLs, etc), and potential exchange listings that sometimes require a token allocation or additional liquidity. Holding these tokens in the treasury does not mean they will be spent without oversight, any use of treasury funds must be approved through a community vote. If we later decide we do not need them all, we can still burn a portion in the future. But if we burn them now, there is no way to get them back.

Setup of the DAO Treasury

Our current DAO treasury holds 400 million NAI. Adding 445 million more would bring it to 885 million NAI in total, which is 8.85% of the total supply. The address of the DAO treasury is 0x9de0B3ad5870365Aa48a83EDB0F654B0cF74eE99 and it sits on Avalanche.

Propose Initiatives

Anyone in the NAI community can propose new ways to use the treasury. If you have an idea, like a grant for building on Nuklai, a marketing campaign, or something else that can help the ecosystem grow: you can create a proposal on Commonwealth. After discussion and refinement, the proposal can move to Snapshot for a community vote to determine whether it’s good to be funded by the DAO.

Voting Process

1. Discussion Period: We will host this proposal on Commonwealth (this where you are reading this proposal now) for about one week. During this time, you can share ideas, suggest changes, or raise concerns.

2. Snapshot Vote: After the discussion, the proposal moves to Snapshot. There, you can vote “Burn” or “Add to Treasury.”

3. Outcome: If a majority selects “Burn,” the 445 million tokens will be removed permanently. If “Add to Treasury” wins, the tokens will be minted to the DAO treasury and used only through future community-approved proposals.

We invite everyone to join the discussion, ask questions, and cast your vote when the time comes. This is a crucial decision for NAI’s future, and your voice matters.