Membership Types, Tokens, and Rewards

Please note: The SG DAO is currently no longer accepting new membership applications.

Those wishing to join the DAO as members will have the opportunity to buy into the membership tier with which they feel most comfortable*. In exchange for the purchase of a membership to these tiers, they will be allocated a certain amount of the governance token, or SG voting token (SG-V).

SG Voting Token (SG-V)

This token is what allows them to vote on our 'hard consensus' proposals, gain access to our digital community platform, and track our DAO members. These tokens are non-transferable and can only be sold back to the DAO. Additionally, these tokens have no effect on future patronage received and are merely a way for our DAO members to vote, interact with our platforms (e.g. the token-gated Discord) and own proof of stake in the DAO.

*Membership Tiers Available

• $100

• $500

• $1,000

• $5,000

• $10,000

• $25,000

• $50,000

• $100,000

SG Patronage Rewards

Working alongside our governance token will be a system of patronage rewards. This patronage reward will be used as a means of tracking member contributions to the DAO. When our members perform valuable activities that go beyond the expectations of their membership (ie. scouting startups for the program, assisting the DAO with due diligence, and supporting current portfolio startups), they will receive patronage rewards for their efforts.

Any returns from successful investments will then be redistributed to the DAO members based on two major factors. First, based on the membership tier they bought into. Second, the amount of patronage rewards they currently own. The patronage rewards are then returned to the DAO when they have been used to track a cycle of patronage dividends. More on this under the 'Future DAO Returns' section.

Summary

These two tokens and rewards work together as a means of access and a means of accounting to allow our members to fully participate in our platforms and allow us to accurately track and reward our members for their efforts.

We truly believe that the existing values and mission of Startup Grind are already close to those of a cooperative and we will ensure we channel those into the operating principles of this DAO.