Creating a DAO and distributing tokens to snapshot.org subscribers

We propose the creation of a DAO for OtterClam, empowering our community with governance rights. To kickstart this transformation, we will distribute OtterClam tokens to snapshot.org subscribers who actively participate in the voting process.

Voting Options:

• Option A: Immediate DAO and Airdrop: Transition OtterClam into a DAO immediately and conduct a one-time airdrop of tokens to snapshot.org subscribers who vote on this proposal.
• Option B: Delayed Airdrop: Establish the DAO structure first and schedule the airdrop for a later date, allowing more time to define eligibility criteria and encourage sustained engagement.

Key Points for Option A:

• DAO Establishment: Formalize the DAO structure, enabling token holders to make decisions about the project's future.
• Airdrop Details: Allocate a predetermined amount of OtterClam tokens to be airdropped to snapshot.org subscribers who participate in this foundational vote.
• Incentivized Voting: The airdrop serves as an incentive for subscribers to engage with the DAO from the outset.
• Snapshot Date: Set a date for the snapshot to identify eligible voters among snapshot.org subscribers.
• Immediate Engagement: This option aims to quickly mobilize the community around the new DAO.

Pros:

• Rapidly boosts community involvement in governance.
• Directly rewards active participation in the decision-making process.

Cons:

• May lead to short-term engagement motivated by the airdrop rather than long-term commitment to governance.
• Potential for a sudden increase in token supply that could affect market dynamics.

The community needs to decide which option aligns best with our collective vision for OtterClam's future. Each token holder's vote is crucial, and we encourage all members to participate in this pivotal decision.