gm doggos. The Tally Ho community is excited to give you a sneak preview of our governance token.
We’ve started calling it… $DOGGO
The upcoming launch has many moving pieces. So we’re sharing some early details to give our community a preview of how everything fits together. This post is light on details! So don’t expect a deep dive on token economics or a full emissions schedule. But rest assured: much more info (plus a full announcement) is coming soon.
The token will launch alongside the full alpha release of Tally Ho. You’ll claim your tokens, delegate, and earn $DOGGO—all from inside your Tally Ho wallet. And you’ll want to do it pretty quickly
- Total fixed supply is 30,000,000,000
- More than a third of all tokens will be distributed in a community-wide merkledrop
- Tokens will also be distributed through Pool 1 and Pool 2 opportunities, plus a year of community-led growth incentives
- There is no pre-allocation to investors, advisors, or the devs that have been building the wallet
Contracts deployed by the community - The token contracts will be deployed by the community, not the developers—so it’s hard to give a precise time and date for when they’ll go live. Keep an eye out for a blog post next week on the 0xc4ad affair for more details on how this might work.
A community-wide merkledrop - Currently it includes DeFi users, builders, and members of existing DAOs. We’re also exploring ways for you to reward friends and other DAOs when claiming. We believe $DOGGO will be in the running for the biggest fair launch ever, based on several factors.
Pool 1 and Pool 2 - These will activate shortly after launch. Pool 1 will enable the DAO to build a diverse treasury, while Pool 2 will implement several new mechanisms that we’ve jokingly dubbed “Liquidity Go Up Technology.” (Here’s a quick primer on how Pool 1s generally differ from Pool 2s.)
A year of growth incentives, led by the community - We expect many of these to take the form of Swaps Rewards to help balance out gas costs! But the DAO will be the ultimate decision maker, and we expect it to come up with all sorts of exciting ways to help you stack $DOGGO.
What will $DOGGO holders govern after launch? - $DOGGO holders will collectively govern the treasury, software license, and all onchain elements of Tally Ho. Check out this post to see how the DAO structure is coming together. We expect the Gitcoin Aqueduct allocation to be included in the early proposals.
So… a massive merkledrop, user-deployed contracts, ways to reward your friends or favorite DAOs, Pool 1 + Pool 2, and a year of Swaps Rewards and growth incentives.
Hopefully the big picture is starting to come together a bit: there will be lots of ways to earn $DOGGO. And there will be lots of opportunities (and limited time!) for early claimers to help curate the Tally Ho ecosystem.
Questions? Feedback? Let us know your thoughts below.