jokedao faq

what is jokedao? what is the \*jokerace\*? what are the jokenomics? and how does it all transform what's possible for grants, content, roadmaps, and creating DAOs in web3? 

we put together a FAQ of everything you need to know.

**what is jokedao?**

jokedao is bottom-up, on-chain governance for communities to submit entries and vote on favorites.

instead of central teams putting proposals to their community, communities vote on their own ideas.

it's actual decentralized governance.

**what can jokedao be used for?**

you can use us for grants, endorsements, bounties, user-generated roadmaps, generating ideas, curation, contests, and giveaways.

or if you're a content creator, your fans can submit and vote on the content they want you to make.

**what's the relationship between jokedao and the jokerace?**

jokedao = community building bottom-up, on-chain governance platform (aka jokedao contests) 
 [$JOKE](https://twitter.com/search?q=%24JOKE&src=cashtag_click) = token of jokedao

jokerace = contest held on jokedao's platform 
 joke NFTs = token of jokerace

(see jokerace faq below)

**how do i get [$JOKE](https://twitter.com/search?q=%24JOKE&src=cashtag_click)?**

you can win [$JOKE](https://twitter.com/search?q=%24JOKE&src=cashtag_click) by playing the jokerace or get it on [http://app.uniswap.org](https://t.co/Ka1EBLmSHC) by inputting the token address.

eth: 0xa973c558265ad458031fa3067071646836df7713 
 polygon: 0x59e36d05E47BF17Eb5753aA1F04b2164f1606A45

jokerace nfts: 

<https://opensea.io/collection/jokedao>

**what are the jokenomics?**

[$JOKE](https://twitter.com/search?q=%24JOKE&src=cashtag_click) lets you vote in jokeraces, propose and vote on new jokedao features, govern jokedao's treasury, and delegate to workers.

joke NFTs let you govern the jokerace and jokerace treasury of eth & NFTs. each can veto the other.

**how do contests work?**

during the submission period, just tap "submit" to submit an entry.

then during the voting period, just tap the votes counter to add votes.

each entry is also a stand-alone page you can tap to get info on voters.

![](https://images.mirror-media.xyz/publication-images/JNXPuuyBI\_-BDaBLUnjY4.png?height=667&width=1200)

**how do i set up a contest?**

just go to "create contest" on our site.

you can set up the rules for submissions and voting, mint a voting token, and airdrop it to your community.

<https://www.jokedao.io/contest/new>

**how do submissions work?**

you can set the submission period for whenever you like.

during that time, anyone can submit entries responding to a prompt—including links to pics and tweets that we render.

let anyone submit—or require them to have a minimum number of your tokens.

![](https://images.mirror-media.xyz/publication-images/QNykbZTW4oCvFN0kldITc.png?height=1452&width=2090)

**how does voting work?**

voting starts when submissions end, and you can set voting to end whenever you like.

we'll be enabling a number of ways to handle voting power, including 1 vote per token, vote decay over time, quadratic voting, etc.

voting is done with a voting token.

![](https://images.mirror-media.xyz/publication-images/7X5z-IzM5rRlrG1-1xcUj.png?height=812&width=1124)

**how do voting tokens work?**

voting tokens need to be compatible with our smart contracts, so we recommend minting them on our site.

airdrop to your token holders for one-time use—or make them your official token to use in future contests.

you can make them non-transferable too.

![](https://images.mirror-media.xyz/publication-images/8jMHTWyzUrde0mCduTJyn.png?height=1250&width=1498)

**which chains are supported?**

tokens and contests are smart contracts you can deploy to any EVM-compatible chain.

including polygon, optimism, arbitrum, ethereum, etc.

![](https://images.mirror-media.xyz/publication-images/CkjMRQ379mrkkLo0X456Y.png?height=1326&width=1438)

**if my token is on eth or another chain, can i still use jokedao for on-chain governance?**

yes!

here it gets fun: min

jokenomics

**Now that the joke is real, it’s time to get real about $JOKE.**

Throughout the first iterations of the jokerace, we’ve auctioned weekly NFTs of the winning jokes as governance tokens for jokedao. “It’s Nouns but slightly funnier and significantly slower!” we chuckled. But we chuckled wrong. We imagined that the handsome image of a Helvetica silver-medal joke, paired with the promise of governing jokedao’s treasury of $JOKE and future $ETH from sales, sprinkled with the fact that we give 20% to charity and that the rest will go to develop v2, and topped off with the sweet proposition that we’re only minting one governance token per week, was a sufficient mechanism for our community to gain power over the platform and for jokedao to become financially self-sustaining.

It wasn’t.

So as of today, we’re no longer retelling an old joke with new redelivery. We’re developing our own, original NFT jokenomics.

Below, we’ll explain what that means in three major parts:

### Membership rights:

The easiest way to understand jokedao in its current form is as both a game (the jokerace) and a game engine—specifically a governance game engine, jokedao.io. jokedao NFTs and $JOKE tokens are governance tokens used in running of these pieces.

jokedao NFTs are the tokens to govern the \*game\* by joining the jokedao governance council, which controls the jokerace.

$JOKE is the token governing the core team, community, and project as a whole, jokedao, which is building what we’re now calling “Joker Contests”—the governance game engine—and may well create other products and games with their own tokens in the future.

**As the governance token of the jokerace, jokedao NFTs will:**

* give holders access to join the jokedao governance group, giving close access to the core team
* determine rules of the jokerace
* set policy for the sales of NFTs in the jokedao treasury
* be able to buy and sell NFTs in the treasury
* govern the treasury of eth generated by NFT sales
* create proposals regarding the core team that $JOKE holders can vote on
* veto delegations made by $JOKE holders

  (These rights are of course fully optional, and NFT holders may elect not to participate in governance at all.)

**$JOKE is the token governing the core team, community, and project as a whole, jokedao, for the purposes of:**

* submitting and voting jokes in the jokerace
* submitting and voting on any contest for $JOKE holders, including contests to determine platform features for the core team to develop
* delegating to workers to serve as the core team in building Joker Contests
* delegating to workers to manage the treasury of $JOKE, which will thus be community-operated for grants and other purposes
* vetoing treasury decisions made by jokedao NFT holders

Our goal is to give $JOKE as many uses as possible not only as an in-game currency but as a stake in determining the direction of the platform as a whole.

### Bicameral DAO checks-and-balances:

Each of these governance tokens informs and checks the power of the other while also keeping the power of the core team aligned with the values and goals of the community. In many ways, the system mirrors that of classic republics, except that here the dominant power is given to workers:

* jokedao’s core team can make key decisions regarding product, design, and compensation while consulting with NFT holders if they choose
* at any point, $JOKE holders can deploy a contest and revote on which core contributors to delegate to in order to make these decisions
* NFT holders must approve these delegations, with the option to veto if there is ever danger of some kind of 51% attack of a $JOKE consortium appointing its own to take over jokedao.
* NFT holders have a direct line to the core team and can elect at any time to put proposals regarding the platform to $JOKE holders to vote on

Finally, $JOKE holders will be able to veto the treasury decisions made by the governance council regarding eth, and NFT holders will be a

jokedao gets serious

**The time has come for us to explain the joke.**

This will take two announcements.

### Announcement #1:

### Starting next week, the jokerace will return in beta on our own platform.

Our incredible dev Sean McCaffery has been working tirelessly for the past month to develop our own platform for the jokerace after Mirror paused work on the write race. The Mirror team has been nothing but supportive of our efforts, and we’re grateful to them that we got to work with them on the first version. There would be no jokerace without them.

Because we’ve gotten to build out the jokerace as we like, this new jokerace will look a bit different than the old one:

* Anyone can submit a joke directly to platform for others to vote on
* We’ll run on Polygon with low gas fees that enable on-chain voting and (eventually) penalties and rewards that would be prohibitive on eth
* You’ll be able to delegate your votes to yourself or other addresses to vote on behalf of your tokens (which you’ll keep)
* We’ll be entirely open-source so anyone can fork our code and build their own version
* It’s an MVP. We’ll continue to update the UI once we’ve secured funding to bring on a frontend dev, and you can follow our preliminary designs as we work on them [here](https://www.figma.com/file/36Qylp4x6N4pK3wXpHCj5A/Untitled?node-id=0%3A1), but we want to emphasize this: our goal is to build for accessibility and legibility, not sleekness. 

Over the next week, we’ll release fuller instructions for bridging your $JOKE to Polygon and delegating your votes to yourself.

But here’s the fun part—you’ll get to help propose and pick our next features… using the jokerace.

We’ll hold periodic contests to vote on the next features you’d like to see. If you vote on the winning choice, we’ll airdrop you $JOKE.

Penalties and rewards? Multiple winners? Quadratic voting? Vote decay? Downvoting? Unstaking votes?

Part of the fun of being a DAO is that our tokenholders will get to choose what we work on—and get rewarded for building consensus with each other to vote on a winning option.

And that leads to our next announcement.

### Announcement #2:

### We’re building a platform for all DAOs to perform gamified governance on-chain.

Yes, jokedao will remain devoted to weekly jokeraces, our NFT collection of winning jokes, and governance to decide the rules of different contests.

But we’re also building the platform these contests will run on—a platform that can be used not just for jokeraces but for all DAOs that want the full benefits of on-chain voting.

Because on-chain voting isn’t just about keeping open-source records of votes and contributions that can be used to build the reputation of DAOs and contributors over time.

It’s about enabling whole new forms of governance that have never existed before. 

In our case, we’ll be building a platform for *gamified governance* that enables DAOs to reward participants for working together and building relationships to come to the right decision for the group. Those who vote on winning options can win tokens.

We’ll write more in the future about the implications of this system, but let’s point to three to start.

First, acquisition: DAOs can reward newcomers who propose decisions and work with DAO members to vote on winning options. Our contests become a DAO acquisition tool for people looking to get into web3, work on DAOs, and learn about the DAO itself as well as the process of on-chain governance.

Second, retention: so many DAOs lose members now because they don’t build relationships, have little to do, and go elsewhere. Gamified governance solves all three of these issues. Because it’s only possible to win contests by collaborating with others, contributors will have to form teams to win—leading not only to longlasting relationships but better consensus-building mechanisms to make decisions.

Gamified governance operates on the principle that the *best* decision in a DAO isn’t necessarily the one that builds the m

it's time to joke

**It’s Time to Joke.**

The world is changing.

The internet has become unremittingly, even dangerously serious. The consequences can be seen from the smallest of twitter disputes to the largest of reactionary revolts. Many of us would like to pin the cause on one political party or another, on one government or another. But the harsh reality is that no Western country, or state, or city was prepared for this crise de gravité.

Man is born joking, and everywhere is serious.

Part of the problem is clearly foresight, a failure of imagination. But the other part of the problem is what we haven’t done enough of, and what we’re failing to do now. And that is a failure of action, and specifically our widespread inability to *joke*.

So today – we are going full-time jokes.

We’re standing up for internet jokes and creating tokens that represent ownership in them.

This post will dive into the ethos of making a joke—and more importantly, making money from a joke. As you’ll see, it is not only easy but revolutionary to do so using jokedao, our new decentralized joking protocol.

**In Defense of Joking**

It is impossible to read the compositions of the most celebrated jokers of the present day without being startled with the electric life which burns within their jokes. For it is not necessary that a joke should rely on its music, but if it does rely on its music that music will delight even the musical experts. Jokers measure the circumference and sound the depths of human nature with a comprehensive and all-penetrating spirit, and they are themselves perhaps the most sincerely astonished at its manifestations.

Jokers are the unacknowledged legislators of the world.

Let us never forget that every joke is a revolution in social consciousness. Indeed, the essential condition for the existence of the serious class is the augmentation of social capital; the condition for social capital is unmeditated attention-labor. Yet the advance of social media, promoted by the serious class, enables the attention-giving masses to combine forces as never before and attack the serious class together through the one weapon that remains at their disposal in militarized society: the joke. What the serious class, therefore, produces, above all, is its own grave-diggers.

And they go by the name of jokers.

Indeed, our nation and our civilization were built on joking. Our forefathers and foremothers joked about roads and trains, farms and factories, then the computer, the microchip, the smartphone, and uncounted thousands of other things that we now take for granted, that are all around us, that define our lives. There is only one way to honor their legacy and create the future we want for our own children and grandchildren, and that is to joke.

**All Jokes Lead to jokedao**

We have before us today the opportunity to joke as we’ve never joked before.

Unfortunately—and this is no laughing matter—jokedao is broke due to an unfortunate case of not-yet-existing.

So in order to raise the funds to develop jokedao properly as a v2, we’ll start with a fully bootstrapped and bootlegged jokedao v1.

*jokedao v1*

1. Follow @jokedao_ on twitter, and drop a joke and your ENS as a comment on a weekly post on Tuesdays at noon ET asking you to do so.
2. Every week, we’ll drop 69 tokens to everyone who submits a joke, up to the first 2500 entries, and we’ll pick our favorite jokes to compete in the weekly joke race.
3. Every Friday from noon-1:00pm ET on our mirror, you can vote on your favorite jokes using your $JOKE tokens.
4. Joke’s on the #1 joke. Instead, aim to stake on the #2 joke to win. We’ll airdrop you more $JOKE tokens, proportionate to how many you voted. But if your joke ends up #1 or #3, you won’t get anything.
5. We’ll mint the #2 joke as an NFT soon after the joke race ends in a one hour auction. Proceeds will be split with 20% to joker, 20% to charity, 20% to the jokedao creators, and 40% to jokedao for development of v2.
6. The joke NFT will coun