This proposal aims to address the issue of limited access to the $Rug to $RDAO conversion process, which currently excludes certain Rug Radio community members who cannot afford the higher-priced Genesis Rug NFTs. By expanding conversion access to holders of Membership Passes and Cory Van Lew Faces of Web 3 PFP NFTs, we hope to foster a more inclusive and diverse community in the Rug Radio DAO.

Rug Radio has been making significant strides in its innovative web 3 rewards program, including participate-to-earn and learn-to-earn initiatives. As a result, the ecosystem is attracting an increasing number of participants. However, many newcomers are unable to afford the Genesis Rug NFTs required for converting $Rug tokens to $RDAO governance tokens.

The proposal suggests granting Rug Radio Membership Pass holders and Cory Van Lew Faces of Web 3 PFP NFT holders the ability to convert their $Rug tokens to $RDAO governance tokens. This would reduce financial barriers and make the conversion process more accessible to a broader range of participants.

The voting period closes on April 24 at 3:29pm ET (8:29pm UTC).

FAQ

How do I vote?

Click "Let's Vote!" > Connect your wallet in the top right corner > Read through the proposal > Submit your vote > Sign the message presented by your wallet and you're all set!

I have $RDAO, but can't vote?

Snapshot works by taking a snapshot of $RDAO holders at a particular time.

In order to be eligible to vote for this proposal, you must have been holding $RDAO in your wallet before March 16 at 9:20pm EST (1:20am UTC).

How do I claim $RDAO tokens?

You can claim and exchange $RUG for $RDAO on the Syndicate claim site.