Copied from the #dao discord channel in the hen-community, Originally posted by FLX#8628.
$hdao is fairly distributed at the moment as most wash traders and weak hands have sold their tokens, and the current holders are loyal supporters who suffered a big loss.
it’s better to use existing $hdao than to have a new token
$hdao should have proper governance voting power versus now (voting weight that can be easily gamed)
$hdao should have a fraction of profit-sharing of the 2.5% cut from the platform.
**@TaoZao proposal **
This is a rough schema that I’ve been circulating:
a proposal for some $hDAO implementations. Hopefully, we are now in a better position to let such items come to fruition:
The following 1/3 fee division for community dividends:
hDAO holders stake to farm 1/3 of the fees.
another 1/3 goes to a community treasury, used for artist grants that hdao holders vote on.
another 1/3 goes to a dev fund.
Then on top of that, $hdao can be implemented as a payment method to buy pieces directly, and artists can manually set a discounted price for hdao purchases to incentivize paying with the native DAO token. This introduces a new distribution method.
of course, the goal is to get others to iterate on this
basically, my thoughts are centered on trying to figure out a way to incentivize a portion of hDAO holders to help maintain price stability (staking to collect some percentage of fees), and another portion is incentivized to continuously re-distribute hDAO to the artist community by SPENDING hdao.