Create The Tournament

Proposal: Start a new branch of the DAO called The Tournament

2 teams (”Houses”) will start with a set budget of X ETH and compete on who can make the most profit over X weeks

Each team will basically be an investing team, using NFTs, tokens, etc. to make profits.

After a round of The Tournament is over, both teams profits will be distributed amongst the winning team and the DAO.

The losing team will get 0 profit and disassemble. This is to make it very competitive.

The Zarders will choose the first 2 teams. After that, we will create a waitlist for who replaces the losing team

Details like team size, competition duration, profit splitting, captains, who manages money, etc. will be finalized by the two Houses & Zarders before launch.

EXAMPLE RUN:

2 Teams of 3 get a 5 ETH budget to play with over 1 week Team 1 turns into 10 ETH and Team 2 turns into 8 ETH Team 1 wins Total profit = 5 ETH + 3 ETH = 8 ETH 8 ETH total profit is split amongst the winning team and the DAO 2 ETH goes back to the DAO 6 ETH goes to the winning team Each Team 1 member gets 2 ETH Losing team disassembles Winning team plays again

** (Numbers are arbitrary. This is to demonstrate the concept) **

Budget: Voted upon below

Timeline: 2 weeks until the first Tournament begins

More info: Here’s a Google Doc with more details & ideas written by Baboo:

https://docs.google.com/document/d/1Yb6Q3WC-SLm3iulu-sLkq8LW0P8CRg2VbKz8aZGG2hw/edit?usp=sharing