DFINITY Foundation

Synapse.vote (original)

ICDevs.org

CryptoIsGood

Anvil

ICPL.app

ysyms

The Accumulators’ Neuron

RawTech Venture

Paul Young

ICPMANUAL

8yeargangDAO

Isaac Valadez

Krzysztof Żelazko

Nicolas.ic

Smaug’s Neuron for Retail Investors

ICLight.io

Synapse.vote (NEW)

Taggr Network

CodeGov.org

Sonic AMM

Rakeoff.io

OpenChat

Internet Computer Association

Arthur’s Neuron (used to be cycle_dao)

Inactive (Request Removal) - The Fools' Court

$STACK

Always Rejects

John Wiegley

A 'blank canvas' DAO designed to enable the community to innovate, Sneed offers an accessible, open platform for creative and technological exploration on the Internet Computer Protocol.


Sneed

**I. Vision and Purpose**

The core vision of Sneed DAO is to provide a community-driven ‘blank canvas’ model SNS DAO (as pioneered by SNS-1) to the ICP community and ecosystem.
This model enables ICP community members and developers from all over the world to join and participate in shaping the DAO through proposals covering anything from new technological solutions to community-building projects, following the motto ‘by the community, for the community’.
For more details please read our full SNS proposal posted on the DFINITY forums (please see link above).

*dApp:*

The Sneed converter dApp lets users convert their OLD Sneed tokens (currently in circulation) to the NEW Sneed DAO token, created for the Sneed SNS. 

**II. Token Distribution**

*Token Details:*

* Token name: Sneed DAO
* Token symbol: SNEED
* Total token supply: 10,000 SNEED
* Token distribution: 85% treasury, 10% decentralization sale, 5% Sneed founding team.
* SNS ledger transaction fee: 0.00001 SNEED
* Sneed dApp canister: 5ceyv-syaaa-aaaag-qc43q-cai

Important note regarding token distribution! 

The 85% treasury, 10% decentralization sale, 5% Sneed founding team allocation is the starting distribution specified by the SNS initialization parameters. 
Because there is already an existing OLD Sneed token in circulation which will be convertible 1:1 (minus transaction fees) to the NEW Sneed DAO token created for the SNS, the following will end up becoming the actual allocation:

19.5% treasury, 10% decentralization sale, 10% Sneed founding team, 60.1% Sneed converter dApp, and about 0.4% Burned. 

The reason is that a majority of the NEW Sneed DAO tokens in the treasury will be sent to the Sneed converter dApp, so that holders of the OLD Sneed token can convert them to the NEW Sneed DAO token. 
The Sneed founding team will (after burning 500 of their OLD Sneed tokens) own 500 OLD Sneed tokens and 500 NEW Sneed DAO tokens. 
After converting their OLD Sneed tokens to NEW Sneed DAO tokens, the Sneed founding team will end up with 1,000 NEW Sneed DAO tokens, or 10% of the supply. 
500 of the Sneed founding team's NEW Sneed DAO tokens will be locked in a neuron with 8 months vesting time and 1 month dissolve delay, and 500 will not be locked. 

**III. Governance and Token Management**

Post-sale, the Sneed Team will propose a series of actions:
* Burn a corresponding amount of NEW Sneed DAO tokens as have been burnt from the OLD Sneed token supply (about 40 SNEED).
* Burn the OLD Sneed token reserve (1,950 OLD Sneed in treasury, 1,000 OLD Sneed reserved for the SNS sale). 
* Burn 500 of the 1,000 OLD Sneed tokens owned by the Sneed founding team. 
* Send about 6,510 NEW Sneed DAO tokens (6,550 minus the amount of NEW Sneed DAO tokens burned in previous step) to the Sneed converter dApp, leaving 1,950 NEW Sneed DAO tokens in the SNS treasury (matching OLD Sneed token treasury).

Burning 3,450 OLD Sneed tokens, and with about 40 OLD Sneed tokens already burned, gives 3,490 OLD Sneed tokens burned in total. This leaves about 6,510 OLD Sneed tokens in circulation. This matches the amount of NEW Sneed DAO tokens sent to the converter dApp, ensuring that all OLD Sneed tokens can be converted 1:1 (minus transaction fees) to new Sneed DAO tokens using the Sneed converter dApp. 

*Governance Parameters:*

* Minimum stake: 0.01 SNEED
* Minimum dissolve delay for voting: 1 Month
* Maximum dissolve delay for bonus: 6 Months
* Voting Rewards: 0% 
* Maximum dissolve delay vp bonus (for 6 Months): 100%
* Maximum age for age bonus: 1 year
* Maximum age bonus: 25%

**IV. Decentralization Sale**

* Minimum participants: 10
* Minimum participation: 1 ICP
* Maximum participation: 3000 ICP
* Minimum to be raised: 100 ICP
* Maximum to be raised: 30,000 ICP
* Community Fund Participation: 0 ICP
* Sale duration: 7 days
* Sale delay: 0 days
* Number of neurons: 2
* Dissolve delay of neurons: 0 and 30 days 
* Restricted_countries:
US, KP, CU, SD, SY, IR, VE


NNS Proposal to create an SNS DAO named 'Sneed DAO'