SUMMARY

This proposal is to officially adopt the Whitepaper for the Degen DAO.

DESCRIPTION

In 2023, the Degen DAO and DGEN token will launch with a mission to establish a broad, diverse and decentralized sports and entertainment kingdom in the metaverse.

The Whitepaper sets out the next phase of the development of the Knights of Degen ecosystem. With the launch of the Knights of Degen Native Mobile Application, the DGEN Token and the Degen DAO, Knights of Degen is taking a significant step forward towards realizing the vision of a decentralized metaverse where people around the world can socialize, compete and earn just by being a fan.

MOTIVATION

The purpose of this proposal is to officially adopt the Whitepaper that was previously published and lays out the next phase of development for the Knights of Degen ecosystem.

TECHNICAL DETAILS

The Whitepapers sets forth general guidance on the DAO and DGEN. A copy of the Whitepaper can be found below.

BUDGETARY ANALYSIS

N/A

USEFUL LINKS

• You can find a copy of the Whitepaper here: https://medium.com/knights-of-degen/knights-of-degen-whitepaper-7f00b405672a

ARGUMENTATION

FOR

• N/A

AGAINST

• N/A

DAO VOTE

• Voting Details:
  • Because this is a DAY 0 Proposal, the vote will be open for 12 hours and be approved by a majority of votes cast during the 12 hour period.
  • Any holder of a Knights of Degen NFT throughout the voting period for the Day 0 Proposals is eligible to vote.
  • Each holder of a Knights of Degen NFT is entitled to one vote per Knights of Degen NFT held.