Frequently Asked Questions
What is Blueberry DAO? Blueberry DAO is a decentralised autonomous organisation (DAO) that raises funds through the sale of tokens and other initiatives, and uses those funds to support children's charities and initiatives. The DAO is governed by its community members, who vote on proposals to determine how funds are allocated. It is inspired by Nouns DAO, and in fact, the creation of the DAO and this website was funded by Nouns DAO via a community grant.
How does Blueberry DAO work? Blueberry DAO works by leveraging the power of blockchain technology to create a decentralised, transparent, and accountable system for supporting children's charities and initiatives. When someone purchases a Blueberry DAO token (called a PURP), the proceeds go into a treasury that is managed by the community members. Anyone holding a PURP can propose and vote on initiatives and projects, which are funded by the treasury. As a community, we decide how to allocate funds and how to support kids in need.
Why auctions? Auctions are fun, but it also provides Blueberry DAO with a perpetual funding source. Tokens are auctioned once per hour with bids starting at 0.01 ETH. Once an auction is settled, the token is transferred to the highest bidder and a new auction begins. This cycle continues infinitely and permissionlessly with the help of smart contracts.
How can I get involved with Blueberry DAO? There are many ways to get involved with Blueberry DAO! You can purchase Blueberry DAO tokens, which give you voting rights and a stake in the treasury. You can also submit proposals for charities or initiatives that you think the DAO should support, or help spread the word about Blueberry DAO and its mission.
What kind of charities and initiatives does Blueberry DAO support? Blueberry DAO supports a wide range of charities and initiatives that benefit children in need. This includes charities that focus on health, education, social welfare, and other areas that have a positive impact on children's lives.
What is a DAO? A decentralised autonomous organisation (DAO) is an organisation that is run on blockchain technology and governed by its community members. Decisions are made through a voting process that is transparent and decentralised, enabling greater accountability and transparency than traditional organisations.
How does blockchain technolody benefit Blueberry DAO?​ Blockchain technology provides a secure, transparent, and decentralised system for managing transactions and voting on proposals. By using blockchain technology, Blueberry DAO can create a trustless and accountable system for supporting children's charities and initiatives.
How do I setup a digital wallet? If you've never used cryptocurrencies before, here's a step by step guide to setup a digital wallet and purchase Ethereum, the native currency of Blueberry DAO. There are many different types of wallets. This guide is an example using the 1inch wallet. Download the 1inch Wallet app from the App Store (for iOS users) or Google Play Store (for Android users). Open the 1inch Wallet app and create a new wallet by selecting "Create New Wallet" on the home screen. Choose a strong password for your wallet and confirm it. Write down your seed phrase and store it in a safe place. Your seed phrase is the backup to your wallet and can be used to recover your wallet if you forget your password. Once you've created your wallet, you can add cryptocurrency to it by selecting "Add Funds" on the home screen. Select the Ethereum (ETH) cryptocurrency to add to your wallet, and choose a payment method (e.g. credit card or bank transfer). Enter the amount of ETH you want to purchase, and follow the instructions to complete the payment process. Once your payment has been processed, ETH will be added to your wallet. You can now use your cryptocurrency to buy NFTs or other goods and services that accept cryptocurrency as payment. To view your wallet balance and transaction history, select "My Wallet" on the home screen of the 1inch Wallet app. ​Note: It's important to keep your wallet and seed phrase secure at all times to prevent unauthorised access to your cryptocurrency. Never share your password or seed phrase with anyone, and be wary of phishing scams and other fraudulent activities in the cryptocurrency space.
How do I purchase a Blueberry DAO token? Once you have your digital wallet setup, follow these steps to purchase Blueberry DAO token. 100% of the proceeds go to the DAO treasury. ​If you're using the 1inch wallet, open the app and click on the built-in browser icon Type www.blueberrydao.xyz into the address bar On the top right of this website, click on the "Join Blueberry DAO" button. This will take you to the DAO's auction website. You'll automatically be connected to the auction site if you're using the built-in browser. If an auction hasn't ended, you will see the current highest bid and a timer for when the auction will end. You can place a higher bid or wait until the auction ends and bid on the next token. If an auction has ended, but hasn't settled, anyone can settle the auction by clicking "settle auction". You'll be asked to pay a small gas fee (Ethereum transaction fee) and the next auction will start. If you've successfuly won an auction, once the auction is settled the token (PURP) will be transfered to your digital wallet. Depending on the wallet you're using, you can see the artwork in your wallet or on secondary marketplaces like Open Sea. You have now funded the treasury and can put up and vote on proposals.
What is the frequency of auctions? PURP token auctions take place every hour with a minimum bid price of 0.01 ETH. A new 1 hour auction starts once the previous auction has ended and has been settled. Anyone can settle an auction which automatically triggers the next auction.
How do I put up and vote on proposals? If you hold a Blueberry DAO token, you're now able to put up and vote on proposals. Navigate to the auction website using your wallet built-in browser and click on "activity". Here you'll see a summary of the amount of funds in the treasury and status of all proposals. To put up a proposal, click on "submit" and follow the prompts. To vote on a proposal, click on any active proposal and click "submit vote". Remember your wallet needs to hold a Blueberry DAO token in order to participate.
What are founder tokens? Lilpurpberry does not receive any compensation from Blueberry DAO. As a reward and to allow her to participate in governance, she receives every 10th PURP token for the first 5 years of the project. These distributions don't interfere with the cadence of auctions and are automatically sent to founder wallets.
Is Blueberry DAO a charity? Blueberry DAO is not a charity and as such any funds or transactions are not considered a donation or tax deductible in any jurisdiction. In simple terms, Blueberry DAO is a community-driven platform that allows individuals to support children's charities and initiatives by purchasing tokens that give them a stake in the DAO. The DAO is governed by its community members, who vote on proposals to determine how funds are allocated. Blueberry DAO operates on a social layer of trust, where successful proposers are given full responsibility to carry out their proposal objectives. This creates a transparent and accountable system for supporting children's charities and initiatives, driven by the community and guided by the principles of trust, transparency, and accountability.
How else can I support? We have a merch store with items designed by Lilpurpberry. Items can be purchased using traditional forms of payment. 50% of merch sales are sent to the DAO treasury. The remaining 50% helps Lilpurpberry maintain the website and DAO infrastructure. If you have ideas relating to charities and initiatives, partnerships or any suggestions that can support the growth and running of the DAO, you can also drop a message in Twitter or the Discussion page.