BOBs are collectible NFTs, separate from the Hakt NFTs, that act as governance tokens for Hakt DAO. They feature varying rarity and unique artistic features.
BOB holders will participate in decisions regarding governance rules within the Hakt community and the distribution of DAO funds. 1 BOB = 1 vote.
23 BOBs were pre-minted at 0.005 ETH each. 22 were paid out (Method: Mint As DAO) to the founding members of Hakt in return for their initial investment in bootstrapping the DAO to compensate them for their resources spent in development, contract review, deployment, and marketing. During this pre-minting process, unforeseeably, a random bot snuck in and minted 1 BOB (note: this BOB was bought for 0.99 ETH on the open market within 32 hours).
In addition, a maximum of 499 BOBs will be sold via a bonding curve (1.1%). The 1st BOB sold (BOB #24) is priced at 1 ETH, the 499th (BOB #522) at 232 ETH.
Finally, the supply of BOBs will increase by 1 every time a Hakt NFT is successfully sold via auction (the winner will automatically receive a BOB and gain membership access to the DAO).
BOBs can also be traded on NFT marketplaces like OpenSea.
Under these initial terms, 3 BOBs were minted at 1 ETH, 1.011 ETH, and 1.022 ETH respectively.
On October 20th, 2021, after several discussions with existing DAO members and potential external partners, a few DAO members proposed a change to the price of BOBs:
I am proposing we change the price of the first BOB sold from 1 ETH to 0.1 ETH. The bonding curve (1.1%) will remain the same. Those who minted at the original 1 ETH price will retain their BOB and and be offered a refund in ETH for the difference they paid (original minting price - new minting price).
This proposal passed unanimously via a vote amongst BOB holders.
22 BOBs were pre-minted at 0.005 ETH and paid out (Method: Mint As DAO) to the founding members of Hakt in return for their initial investment in bootstrapping the DAO to compensate them for their resources spent in development, contract review, deployment, and marketing.
In addition, another 500 BOBs will be sold via a bonding curve (1.1%), with the 1st (BOB #23) priced retroactively at 0.1 ETH and the 500th (BOB #522) priced at 23.4870 ETH.
Finally,, the supply of BOBs will increase by 1 every time a Hakt NFT is successfully sold via auction (the winner will automatically receive a BOB and gain membership access to the DAO).
BOBs can also be traded on NFT marketplaces like OpenSea. 5% of every future BOB sale goes to the DAO as a royalty fee.
<aside> ⭐ Join Hakt DAO: If you hold a BOB, you can join the DAO by heading over to our Discord!
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