Ash Dao Grant Proposal
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Proposal #22 description
Community Spend Prop - January 2024 ASH DAO
ASH DAO are requesting funds from the community pool in order to fund work to further the Migaloo ecosystem.
The ASH DAO are a group of individuals that organically came together and formed through the Migaloo community discord. The Seven Founding Fathers go under the handles: L0rd Ginge, Razzein, H0ly F0lly, DB, Bkeeper, CryptoMayorEd, and Snaaacky - each having individually garnered a strong reputation in the Cosmos (and Terra) ecosystem. ASH DAO have set on a mission to support, grow, and further the Migaloo ecosystem, our validators, and all the protocols therein. By concentrating on $ASH the health and price of $Whale and thus all other assets are affected as $ASH is the product of burning $Whale in an attempt to control inflation.
This Enterprise DAO serves as the Treasury for ASH DAO and is made of 6 of the Founding Fathers and Sen Com. This multisig will attempt to grow assets with the intent to support $ASH, $WHALE, and all MIgaloo blockchain tokens, validators, and protocols.
Public Awareness Campaign for Osmosis Proposals #694, 702, 708 “Sail With the Whale” — Upon formation, the ASH DAO immediately jumped into action attempting to drum up awareness and support for the flailing Prop #694 which had the misfortune of a major Osmosis validator voting no very quickly and setting almost impossible odds of passing. Nevertheless, the ASH DAO led a dramatic public relations charge that helped many well-known and important validators decide to vote yes, many even publicly acknowledging the work of ASH DAO members being the reason for their changing their vote from NO to YES. This was the beginning of ASH DAO’s mission to support the Migaloo Ecosystem. We have continued this with new video initiatives for Prop #702 & #708.
Launching $GUPPY — The team was responsible for the launch of the fairest and fastest meme airdrop ever in Cosmos history. Our missions model is now being adopted by many other airdrops, further blessing the Migaloo ecosystem. The $Guppy launch culminated in a massive spike across almost all metrics regarding Migaloo and every integrated protocol including Eris, Ginkou, Backbone Labs, and RAC. This airdrop resulted in:
Increased TVL Increased Trading Volume Increased community attention Increased wallet activity Increased awareness of Migaloo dApps
The ASH DAO team created a new DAODAO on Migaloo chain for $GUPPY holders. It has already grown and attracted talented members who are working to use Super $Guppy to reach outside of the Migaloo system to bring awareness of $WHALE, its validators, and all related protocols. The Guppy Meme is meant to survey as a messenger, ambassador, and educator on all things Migaloo in the Cosmos and beyond into the wider Cryptoverse. ASH DAO has already created an engaging video teaching other crypto users how to onboard into the Migaloo ecosystem and has charged Guppy DAO with taking up this mission with us. The two DAOs already have a vibrant and intrinsic relationship.
Guppy Yuppies NFTs - an NFT collection to be launched off-chain to help raise awareness of Migaloo. This is an ASH DAO gift to Guppy DAO to help transition their focus on using Super $Guppy to raise awareness.
Cross Chain Furnace Flywheel and game apps - the goal is to possibly burn new tokens to forms of ASH (ex. luncASH, huahuaASH, etc). This will include community challenges called “GAME OF ASHES” including burning festivals, DAO wars and chain and meme competitions. The furnace has already started with the first coin other than $Whale to be burned being $Guppy, resulting in the new burn token $gASH. This token will be used for a WL for the Guppy Yuppies NFT series, as well as future use cases including planned games.
OTC Deals, validator engagement, and project partnerships - ASH DAO will continue tto further connect and solidify Migaloo’s position within the interchian community.
To help fund our future goals the ASH DAO are requesting:
This WHALE will be sent from the Community Pool to the Migaloo Foundation which will send it to ASH DAO subjected to vesting of 20% upfront and the remaining 80% to be vested over the next 12 months.
With these funds, ASH DAO commits to building up the Migaloo ecosystem, its validators, and every associated protocol through all means at our disposal.
Having already done a campaign where we helped generate the highest volume in 24 hours on the White Whale Dex, we plan to not only replicate but exceed such initiatives going forward. We had over 3000 accounts interact with the airdrop missions, and more than 500k $Whale burned, and have learned a lot about building on this achievement.
Every day we contact other communities about OTC deals and we will continue to work with various communities to continue to grow Migaloo.
We believe helping drive more transactions on Migaloo through $ASH and $Guppy will benefit everyone in the ecosystem. Burning $Whale will continue to be a priority to help price action, and efforts to onboard people from the Cosmos ecosystem through expanding the Furnace will result in concrete gains in transaction volume. ASH DAO will redouble promotion efforts to raise awareness of Migaloo through partnerships with other projects, social media campaigns, reaching out especially to ETH ecosystem for liquidity, and making the furnace the go-to place to experience both the fun and utility of burning in the Cosmos.
To do this we need a sustainable resource to push forward, and pledge to steward said funds to generate ongoing yield in support of the aforesaid goals and strategies.
Thank you for voting on this proposal to allow ASH DAO to bless our Migaloo ecosystem.