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.
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.
So as of today, we’re no longer retelling an old joke with new redelivery. We’re developing our own, original NFT jokenomics.
The time has come for us to explain the joke.
This will take two announcements.
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.