In this article, we’ll share an update about our recent AMA on January 10, including important announcements regarding tokenomics upgrades, increased opportunities for community involvement, Tempo DAO mini-games, and more!
Migration to our V2 token
We are working on the V2 version of the token. The primary goal of this migration is to improve tokenomics and reward long-term holders. This project is still under development, but we are now at the stage where we are considering the following elements:
- The ratio of the token split
- Buy and sell tax
- The proportion of distribution of tax to holders, treasury, and burning.
In order to improve our tokenomics, the V2 migration is necessary to continue to solidify Tempo DAO’s identity.. The community will be included in the decision-making about specific parts of this migration by way of a Snapshot vote.
Introducing Tempo Launchpad
Building Tempo DAO’s future with our community is central to our mission. That’s why we’re proud to introduce Tempo Launchpad.
Tempo Launchpad is the way for the community to pitch themselves as employees and their ideas to continue to build the Tempo DAO ecosystem while receiving compensation for doing so.
Currently, it consists of two primary applications. On one hand,Tempo DAO Diamond Development leverages our community to find incredibly profitable ideas to build into our development. In other words, it implements a structured way for individuals to submit applications for the core team to implement into our roadmap.
On the other hand, Tempo DAO Mission Athena provides community members with a platform on which to pitch themselves and their work experience to join the Tempo DAO team. It builds a repository of community talent who can be hired onto the team.
Tempo DAO Mini Games
To reward long-term holders and keep the investors engaged, the team is working on building a collection of mini-games. The mock-up for the mini-games landing page was shared with the community. We will initially launch two games similar to coin flip and rock, paper, scissors and then build more mini-games based on the traction we receive.
In terms of tokenomics, we are considering burning a percentage of TEMPO used for the mini-games to continue to reduce inflation. More information will be shared soon.
Battle of Olympus
In order to fast-track the game development of Battle of Olympus, Enigma will now directly work with the game developer. This should result in smoother coordination, better gameplay, and faster updates for the community. The alpha version will be released shortly.
AMA on January 13 with The Olympians
We will have an AMA on The Olympians Discord server on January 13th and we’d love to see you there! The Olympians have an audience of 6,800 members that are primarily focused on forks of Olympus DAO. We believe this is a strong opportunity to introduce Tempo DAO to a new community with serious investors.
Come join the AMA at 2 pm UTC on The Olympians Discord!
Potential partnership with DCRC RaceX
Last week, we met with the DCRC RaceX team who are building the first Race-2-Earn gaming platform on the Avalanche. This organization shares Tempo DAO’s values of long-term, sustainable growth, and gaming. For that reason, we believe a potential partnership in the future would be beneficial to expand both of our platforms. In the short term, we are considering making a minor investment into one of their race car NFTs to hold in our treasury. In the future, we would be interested in offering a bond of their token and exploring further partnership opportunities.
Where will the tax from the V2 token go?
The primary goal of the tax is to reward long-term holders. This could be in the form of redistributing a percentage of the tax back to the holders. The remaining parts will most likely be sent to the treasury, burned, or used for marketing. This ensures the long-term sustainability of the project, which has been our primary focus since day one.
Why no buyback?
We would like to reiterate that buyback is not the best use of treasury funds at this point in time. These are just short-term measures that might provide an exit to the whales. The project as a whole doesn’t benefit from such short-term measures. We will use those funds to build tangible products that can drive utility for the token. The token utility might have a positive impact on the price action.
What other plans do you have for the treasury?
We already invested $200,000 into ReFi and have another $100,000 to be invested. We will wait for the market to give us a clear trend and then look into other farming investments.