FAQs: Treasury + S1 Membership

This can be a living document of FAQs as they come our way during this new season of building. For more info make sure to read our Everything You Need to Know article below:

https://thirstythirsty.mirror.xyz/h1gYZcrDSgxrqV1PD3hoWuxcoKhknziBuhXHW_T6fyw

Why a new season of membership?

• We need better money and membership orchestration.

• We need to redefine NFT utility based on Season 0 learnings.

• We want to keep experimenting in an evolved, collaborative container.

• A web3 native way for folks to contribute to the DAO and solidify their connection.

What is an onchain treasury?

Our new onchain treasury is:

• A formal set of rules that are expressed in public and changed following a collective decision making process, aka governance.

• A system to schedule & track recurring payouts.

How is this treasury supportive?

Our new treasury with Juicebox:

• Increases our transparency.

• Can connect to other project treasuries for programmatic payouts.

• Is a digital record of financial contributions from individuals & sponsors.

• Disperses ownership more fairly with $THIRSTY token than just NFTs.

How is $THIRSTY token going to be dispersed?

• All S0 holders will be airdropped $THIRSTY based on amount of ETH they originally paid.

• All Friends & Family will receive token equivalent to the value of the NFT - 0.2ETH

• Any community or individual who puts funds into the treasury will receive $THIRSTY that means they can govern the DAO's funding. This includes sponsors & strangers.