One Object, Every hour, Forever.
Build a strong, fully on-chain community with Move Object, where everyone from collectors to developers is a fully stored object on the chain!
Build With Objects.
Everyone can contribute to ObjectsDao, we welcome all projects built on ObjectsDao, ObjectsDao will continue to support the promotion and development of the complete chain of applications, protocols and other technology related through financial support.
Object?
Objects Dao is an innovative pilot project aimed at building a fully on-chain decentralized community based on theSuinetwork through the Move language. It is inspired by Nouns Dao, but based on it, a lot of optimizations and innovations have been made, in order to better promote the whole process of on-chain identity, community, governance and fund management on the chain, and to promote the development of the on-chain technology and the related protocol ecosystem.
The underlying framework and some of the technical support comes from the Obelisk Engine developed by Obelisk Labs.Obelisk Engine
Summary
- Objects Network is in public domain.
- One Object is trustlessly auctioned every 1 hour, forever.
- 100% of Object auction proceeds are trustlessly sent to the treasury.
- Settlement of one auction kicks off the next.
- All Objects are members of Objects DAO.
- Objects Dao uses Obelisk Engine As Development and commercialization framework
- One Object is equal to one vote.
- The treasury is controlled exclusively by Objects via governance.
- Artwork is generative and stored directly 100% fully on-chain (not IPFS/AR/OSS).
- No explicit rules exist for attribute scarcity; all Objects are equally rare.
- Objectors receive rewards in Objects (10% of supply for the first 5 years).
Daily Auctions
The Objects Auction Contract will act as a self-sufficient Object generation and distribution mechanism, auctioning one Object every 1 hour, forever. 100% of auction proceeds (OBJ && SUI) are automatically deposited in the Objects DAO treasury, where they are governed by Object owners
Each time an auction is settled, the settlement transaction will also cause a new Object to be minted and a new 1 hour auction to begin.
While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction Objects as long as Sui is operational and there are interested bidders.
Objects DAO
Objects DAO utilizes a fork of Nouns Dao and is the main governing body of the Objects ecosystem. The Objects DAO treasury receives 100% of OBJ proceeds from daily Object auctions. Each Object is an irrevocable member of Objects DAO and entitled to one vote in all governance matters. Object votes are non-transferable (if you sell your Object the vote goes with it) but delegatable, which means you can assign your vote to someone else as long as you own your Object.
