2. GNOKEN DAO Governance Documents
INTRODUCTION TO GNOKEN DAO
GNOKEN is the token associated with the GNO City game
and the collection “gnomeseries” on AtomicHub. GNOKEN
DAO is the decentralized autonomous organization tasked
with maintaining GNOKEN governance, tokenomics and
promotion of the token, decoupled from the devs behind
the Gnome Series NFTs and GNO City. The purpose of this
organization is to avoid conflicts of interest between the
devs and the token, while also adding transparency into
how the token is being operated.
4. GNOKEN DAO will serve
three overall purposes
Ensure that the token is managed responsibly in
accordance with federal and state laws and
statutes inside the United States.
Maintain a constant interface with the developers
and creators of GNO City and GnomeSeries to
ensure that the players’ and collectors’ opinions
are heard and implemented when reasonable and
when voted upon by the player base.
Function as a marketing apparatus for GNOKEN
without having financial ties to the inherent
successes or failures of the NFT Collection.
5. What GNOKEN DAO is not
We are not technical support for
GNO City or GnomeSeries related
We are not employees or contract
workers for GNO City or
We are not part of the
leadership/captain’s model inside
the GNO City game.
6. DAO Elections &
WHO IS ELIGIBLE TO RUN?
Any GnomeSeries/GNO City fan or
collector with a wallet balance of
less than 1% of the total
circulating supply of GNOKEN
GnomeSeries unpaid mods and
7. DAO Elections &
WHO IS INELIGIBLE TO
The GnomeSeries Creator, Nick
GNOKEN holders with more than 1%
of the total supply of GNOKEN,
8. What are the requirements of
the DAO board of directors?
DAO BOARD MEMBERS
ATTEND BI-MONTHLY SCHEDULED OPEN MEETINGS. (TIME AND
BI-MONTHLY BOARD MEETINGS WILL BE RECORDED BUT CLOSED,
ONLY SHARE THE MEETING’S SUMMARY TO THE COMMUNITY.
BE AN OPEN SOURCE OF INFORMATION FOR OTHER GNOKEN
PROMOTION OF THE GNOKEN DAO VIA SOCIAL MEDIA, FUTURE IN-
PERSON EVENTS, ETC.
BE WILLING TO VERIFY IDENTITY AND SIGN A CONTRACT WITH
HAVE TELEGRAM TO STAY UP TO DATE WITH THE REST OF THE
BOARD MEMBERS VIA LOCKED PRIVATE GROUP CHAT.
9. What are the GNOKEN disclosure
requirements of DAO Board Members?
DAO BOARD MEMBERS
ANY BOARD MEMBER WHO HOLDS 1%, OR MORE, (50,000,000
GNOKEN) OF THE TOTAL SUPPLY OF GNOKEN MUST DISCLOSE
THAT TO THE BOARD AT THE TIME OF ACQUISITION, WITH A 24
HOUR GRACE PERIOD.
FAILURE TO DISCLOSE THIS ACQUISITION OR PURCHASE OF
TOKENS WILL RESULT IN IMMEDIATE DISMISSAL FROM THE DAO
BOARD UPON A 50%+1 VOTE OF THE OTHER MEMBERS OF THE
10. How long are Board Terms?
Term Limits for Board Members
DAO BOARD MEMBERS
GNOKEN DAO BOARD MEMBERS WILL SERVE 12-MONTH TERMS.
TERMS BEGIN AFTER AN ELECTION HAS TAKEN PLACE AND THE
FIRST BI-MONTHLY MEETING HAS OCCURRED.
DAO BOARD MEMBERS CAN SERVE UP TO A MAXIMUM OF FOUR (4)
COMPLETE 12-MONTH TERMS, WITH A MAXIMUM OF TWO (2) 12-
MONTH TERMS IN SUCCESSION.
11. Penalties for GNOKEN DAO Board
DAO BOARD MEMBERS
For failing to report a balance of over 1% of GNOKEN’s total circulating supply.
For market manipulation
For being absent, without cause and/or prior notice, to four (4) bi-monthly meetings
For intentional actions that cause significant monetary or perceptual damage to the
GNOKEN token, GNOKEN DAO, GNO City, or the GnomeSeries NFT Collection.
For unintentional actions that cause significant monetary or perceptual damage to the GNOKEN
token, GNOKEN DAO, GNO City, or the GnomeSeries NFT Collection.
Documented Discrimination or Abuse based on race, class, gender, sexuality or another protected
group in accordance with US Federal Law.
This section applies to actions taken on behalf of the GNOKEN DAO only.
This may include personal social media if the DAO Board Member has easily associable signifiers
connecting them with GNOKEN DAO.
13. Staking GNOKEN
Users can stake their GNOKEN to vote on
DAO Governance Proposals
When staked, users will earn GNOKEN
There is no unstake window, but if you
unstake while a vote is active, your vote will
GNOKEN Holders are the ones to determine
the future of the token and being active in
the community by voting on proposals will
make for a more efficient DAO.
14. Making A Proposal
You must stake a minimum of 1,000 GNOKEN to the DAO to make a proposal
Proposals have 7 days to get 2% of the total staked GNOKEN voting to move beyond the
Proposed stage to the Accepted Stage.
Proposals that pass through the “Accepted” status will have the proposal fee of 1,000 GNOKEN
returned to the proposer. If the proposal does not move on, the GNOKEN is forfeited.
After a proposal has reached the Accepted status, users will have 3 days to vote on the
proposal. The proposal must reach 10% of total staked GNOKEN in voting for it to be either
Approved or Rejected.
If a proposal does not reach the 10% staked threshold, it enters the Expired Status and the
proposal is dead, but the original proposer will get their 1,000 GNOKEN back.
If a proposal does reach the 10% staked threshold of votes, it enters the Approved Status and
the proposal has 48 hours of open voting. This is to ensure that a large holder cannot impose
their will on the entire token in the dead of night.
The final stages will be Implementation-Queue and Rejected statuses.
A Implementation-Queue Proposal will be taken up by the DAO during their next bi-weekly
meeting and will be discussed on how it will be implemented.
A Rejected Proposal will be discussed, but will not be implemented. This is to ensure that both
sides of the proposal get fair treatment.
15. States of a Proposal
Proposed (default state, max 7 days or until 2% staked
Accepted (max 3 days, moves to the next stage once 10%
staked has voted)
If Approved, the Proposal stays in this state for 48 hours.
Implementation-Queue (A successful proposal, goes
to the DAO board for implementation meetings)
Rejected (A failed proposal, goes to the DAO Board for
16. GNOKEN held by the DAO General Fund and the purpose.
30% Redistributed to Voters via Airdrops
10% DAO operational funds
10% DAO Board Members volunteer bonus split equally.
The GNOKEN Dao Board will be responsible for the funds transferred in and
out of the gnokendao.gm account during voting and governance. Funds raised
during voting and proposal submission are to be allocated in this way
Cryptoassets raised by the DAO and their purpose.
The GNOKEN Dao will be self-funded via Board Election Funds and promotional
NFTs. Sales of the NFTs will be split amongst board members on a case-by-case
basis. These NFTs are going to help promote the token, events, and giveaways
that the DAO facilitates on behalf of GNO City inhabitants.