Frequently Asked Questions
What is a DAO?
A DAO, or Decentralized Autonomous Organization, is a community-led entity with no central authority. It is fully autonomous and transparent; smart contracts lay the foundational rules and execute the agreed-upon decisions, proposals, and voting. Read more in our blog...
The Kokonut DAO is the core vehicle for all fundraising, reward distributions, and governance decisions.
How do I join Kokonut DAO?
We have created a YouTube channel with Desktop PCs and mobile phone playlists available to guide you through the sign-up procedure.
Do members share ownership of the property?
No, Kokonut DAO members own the upside derived from the plants as long as they hold their DAO tokens. Each token is backed 1:1 with a real coconut plant.
What happens if crypto goes down?
Kokonut Network is unaffected by the crypto market because the Kokonut DAO only receives tributes in stablecoins.
What will the governance look like?
We have created a detailed Governance Framework on how decisions and operations work within Kokonut DAO instances.
Aren’t NFTs & Tokens bad for the environment?
It depends on which blockchain you use. Kokonut DAO lives in the Gnosis Chain. Based on 2020 energy reports, the network consumes the same amount as two households in the USA. For example, Visa uses the same energy as ~42,000 family homes to operate its network yearly.
What is the long-term plan?
Once the plants have reached the end of their useful life, we will replace them with new ones, thus restarting the production cycle; a coconut plant can last for up to 20 years in optimal productive condition.
Why Blockchain?
Kokonut Network leverages blockchain for transparency, governance & member protections.
Where is the project located? Can I visit?
Yes, visitors will be authenticated using a Blockchain wallet and issued a DAO Member or Guest Pass. Our initial set of project locations is in the Dominican Republic.
How do we track Kokonut DAO transactions?
Visualize & track the inflows & outflows at Kokonut DAO vaults.
Who have control over Kokonut DAO?
Moloch DAOs don’t have any admins or trusted intermediaries. All decisions are via proposals, which execute directly against the treasury or vaults using smart contracts.
How many tokens do I need to participate in governance?
The minimum amount of tokens needed to participate in governance is 1 Kokonut DAO Voting token.
I want to join, how can I?
We are here to help you with the process and have enabled a few channels where you can get in direct contact with us.
Email us at hello@kokonut.network
Let's chat: https://link.kokonut.network/meeting
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