How to Launch a Creator DAO

The easiest way to onboard your first community members is to create a Telegram or a Geneva group. Discord and Slack are also reasonable solutions but are more useful at a later stage when you need to create different channels around different subjects.

We call Tokenomics all the things that enable participants to earn more tokens by contributing positively. Basically, setting up Tokenomics for your project means "What can we put in place to incentivize my community to participate in my project.

oken Distribution - How do you plan to reward contributors? How much of the supply will be reserved for the DAO treasury? Do you want to do a retroactive airdrop (reward contributor for their past contributions) or everyone's winning Token from a starting point? The challenge with Token Distribution is to create efficient distribution mechanisms th... See more

DAOs are a new way to finance projects, govern communities, and share value

-Vision Incentives - Members aren't participating "for-profit" (aka economic incentives) but are driven by a specific ideology. Community members will exchange your Token without a monetary value because they sincerely believed in the vision.

Token design - How do you design the financial aspects of your Token? What will be the total initial supply? Should you mint your Token on a Fixed supply or on a Bonding curve? If it's on a Bonding Curve, do you want your supply to be capped or uncapped? With Token design, you have to think about the technical and financial aspect of your Token to ... See more

Price Stability - How do you manage the stability of your Token, so people are still motivated to collaborate? What will be the anchor exchange rate with Ethereum (1ETH = 10?100?1000? of your Token)? Do you want to create an inflationary or deflationary token (monetary policy)? With which tokens do you want to bond your token (Collateral volatile o... See more

-Economic Incentives - It doesn't require a particular strategy, and you can simply ask community members to achieve a mission in exchange for economic value. By creating a “pay-for-performance incentive scheme” (a program where you pay contributors depending on how hard they work), you allow anyone to participate and help grow the project.

There are three main types of incentives:

-Social incentives - It's more of a social, collectible value that people are proud to own. Social Tokens create status within a community. Think of Airline miles that generate status within a specific sphere (Airline lounge, first to enter the plane, etc..) or special perks in Discord servers