Camp DAO
Campers have their pass and are now headed to Camp DAO! Alpha Camps is excited to announce the release of its second NFT to the collection; the Camp DAO NFT patch.
The Camp DAO NFT is exclusive to Alpha Camps pass holders only and officially makes them a member of the legal entity, Alpha Camps DAO, LLC.
MINT DETAILS
Mint Dates: End of May-June 30th
Supply: 500 (Alpha Camps Pass token gated — max 10 per wallet)
Mint Price: 0.1
Token: ERC-1155
All of the mint proceeds from May-June will act as the Q3 funding round, essentially making this a mint free (minus gas). During Q3 (July 2023 — September 2023), Alpha Camps will execute NFT and crypto trades that the DAO approves. A shared spreadsheet for Camp DAO holders will be available to see what each campers vested percentage is as well as all of the trades and current floor prices of those trades are.
Secondary trading for the Camp DAO NFT may occur at anytime during Q3. Seven days before the end of the quarter (Septemeber 23, 2023), if the DAO was profitable, Alpha Camps will distribute payouts in ETH to each member according to the total percentage they invested. This will be the only quarter where it will be based off of how many Camp DAO NFT’s members hold in their wallet (valued at 0.1). Payouts will be based off of total profits received for that quarter minus 20% which goes back to Alpha Camps and the DAO. If no profit is made or if the DAO is in the red then no payouts are made and the remaining trades and ETH carry forward to the next quarter.
Example 1: Camper #1 holds 10 Camp DAO NFTS in their wallet valued at 1ETH. The Q3 funding round raised 10ETH and the total profits made was 5ETH. Camper #1 owns 10% of this round. 5E minus 20% (AC payout) equals 4E. 10% of 4E equates to a .4E payout for this quarter.
Example 2: Camper #2 holds four Camp DAO NFT’s but sells two of them on secondary. Q3 ends and their total amount invested in the DAO went from .4 to .2E. The other half now belongs to another camper that bought them off of secondary.
Q4 and onward…
On September 24th, mint will open up for the Camp DAO NFT (if not sold out) with a .1 mint price and a new token gated funding round will occur that will last seven days (September 30th). In order to contribute to the funding round, you must hold and Alpha Camps Pass and Camp DAO NFT.
Each Camp DAO NFT that Campers bought in Q3 will still be worth .1/ea and will carry over to this funding round but their percentage vested may change depending on what the total ETH raised is. They also have seven days to add more to the funding round, only this time in ETH, rather a NFT purchase.
For those that mint, unlike Q3 the NFT will NOT count .1E towards their funding round. They will need to mint and contribute a minimum of 0.1ETH to be a part of it. This puts even more emphasis on minting in Q3 during the 30+ day window where the NFT is essentially free.
The Camp DAO’s floor price off of secondary will likely vary depending on the DAO’s current performance each quarter, creating a fun dynamic element and strategy within the DAO for campers.
Glamping NFT Patch details with additional income incentives out soon!
Timeline
End of May — June 30th = Mint
July 1-Sept 22nd = Q3 DAO Trading
September 23, 2023 = Q3 profit payouts
September 24–30th = Mint open again and funding round for Q4
October 1-Dec 23rd = Q4 DAO Trading
December 24, 2023 = Q4 profit payouts
Dec 25–31 = Mint open again (unless sold out) & funding round for Q1, 2024
Repeat!
Buy an Alpha Camps Pass off secondary: https://opensea.io/collection/alpha-camps
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Follow on Twitter: https://twitter.com/Alpha_Camps
