It's time for Bankless DAO

Let's tap into the energy of the bankless movement and coordinate around a DAO
May 4, 20215 min read

Dear Bankless Nation,

I started this newsletter to help onboard 1 billion people to open money systems. I had no idea how to accomplish the goal, but I knew I could never do it alone.

Fast forward to today—there’s 50,000 people on the journey. Bankless has become a global movement built on crypto’s core values of decentralization, coordination, and self-sovereignty.

We now have thousands of DeFi veterans with savvy, skills, and talent.

The bankless community is strong. 💪

It’s time to tap into this energy. It’s time to coordinate.

It’s time for a Bankless DAO.

Today, David and I are officially throwing our support behind the announcement and genesis of a Bankless DAO to harness the full potential of the bankless movement. 🚀

This going to be awesome.

Two things you can do now:

This isn’t our DAO—it’s yours…both requested, governed, and launched by the bankless community. You vote. You decide how to scale the movement.

This is the world’s first media DAO and it’s been 100% seeded to the community. 🤯

We truly have no idea how this experiment will turn out.

And that’s the best part.

Bankless isn’t a newsletter, podcast, or company. Bankless is a movement. 🏴

Bankless doesn’t belong to any individual or company.

Bankless belongs to all of us.

This is internet-scale coordination for an internet-scale movement.

This is how we get to 1 billion people.

Join the Bankless DAO….let’s help the world go bankless.

- RSA and David

P.S. Since it’s Tuesday how about a tactic to get you started?

Tactic Tuesday

Guest Writer: Bankless DAO Genesis Team

How to Join the Bankless DAO

Bankless DAO is a decentralized community to coordinate and propagate bankless media, culture, and education. Its goal is to drive adoption and awareness of truly bankless money systems like Ethereum, DeFi, and Bitcoin. It achieves this goal through the collective participation of its community.

You can begin participating in Bankless DAO today if you have a Bankless Badge.

  • Goal: Participate in the Bankless DAO
  • Skill: Beginner
  • Effort: You decide. (careful—this may consume you) ⚠️
  • ROI: TBD

How to Join the Bankless DAO

If you have a Bankless Badge from 2020 or 2021, you can join the Bankless DAO today. Those who’ve owned BAPs or given to Bankless Gitcoin grants in the past may also have the ability to join now. (See full eligibility at the bottom of this post)

Here’s how to join and participate in this initial season of the Bankless DAO.

  1. Read the announcement post. Scroll to the end and see if you have an Ethereum address that fits under the Retroactive Distribution eligibility criteria. (Hint: any address that holds a 2020 or 2021 badge is eligible!)

    The announcement post describes the mission and genesis implementation of the Bankless DAO
  2. Claim BANK tokens. If you have an Ethereum address that meets the eligibility requirements in the announcement post go to the Bankless DAO website, connect your wallet using Metamask or WalletConnect, and claim BANK participation tokens.

    Note: BANK tokens are valueless tokens—they are only used for access to the DAO Discord and to vote in DAO proposals.

    After you’ve connected an eligible wallet you can claim BANK
  3. Join the Discord. The Bankless DAO discord is where members congregate to discuss the talents they can bring to the DAO as well as to coordinate around governance and proposals. This discord requires a specified amount of BANK tokens to access Level 1 channels—currently 35,000 BANK.

    With 35k BANK the discord members section will magically open up to you.
  4. Share your skills. Step up. Tell the DAO how you can help it achieve its mission. When you join the Bankless Discord go to the #intros channel and share your skills and how you can contribute to the DAO. We expect the DAO to need developers, planners, writers, content producers, analysts, meme artists, and community managers and who knows what else!

    After joining discord the #intros channel is your first stop…ask not what the DAO can do for you, ask what you can do for the DAO
  5. Vote on Genesis Proposal. After claiming BANK and joining the discord you can vote on governance proposals. The first item for vote is the Genesis Proposal which has been put forward by RSA and David Hoffman. Read the proposal and vote YES or NO using SnapShot.

    Should the DAO approve the Bankless DAO Genesis Proposal…YES or NO? You vote.

There it is! Just five steps to join and get started…if you have any issues drop by the Bankless DAO discord public #support channel and ask for help.

Where does the DAO go from here?

  • Will the DAO get involved in protocol politics?
  • Will it produce culture NFTs?
  • Will it launch new media outlets?

No idea. That’s up to the community.

Communities create history.

Not able to join yet?

If you don’t have a badge or didn’t meet the eligibility criteria for genesis participation don’t despair! There will be future seasons to participate.

The genesis distribution has seeded governance responsibilities to the core Bankless community and the DAO’s next job will be to expand itself to more participants. As an immediate example, if the Genesis proposal passes, the DAO should have a way to later distribute to those who were Bankless Premium members as of May 4, 2021 at 7am UTC time.

The best thing you can do is plug into the community and start participating in the Bankless movement now—write a post, create some content, do something cool, get noticed!

The Bankless DAO is just getting started. 🏴

Action steps

Author Bio

Bankless DAO Genesis team including Lucas Campbell, Michael Wong, Mariano Conti, James Montgomery, David Mihal, Nate Welch, Reuben Bramanathan, Ryan Sean Adams and David Hoffman.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Account Light mode Log Out