Debbie π
@debbie
so who wants to crowdfund the first ever community-owned sports bar on farcaster? how it works: β contribute any amount β once breakeven, capital is returned (pro rata) β after that, earn ongoing USDC yield from bar profits β fully onchain and transparent itβll also be the unofficial official bracky bar
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meta-david π₯| Building Scoop3
@metadavid
Can be done! @coinage founded by @zguz is organized like this. All of it above board, legal, and yep, programmatic!
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SQX
@sqx
ββ¨-β¨ funded a $700k coffee shop and a 250k deli.
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meta-david π₯| Building Scoop3
@metadavid
What does funded mean in this context? Does the DAO own the coffee shop + deli and the profits get distributed back to the holders? To me that's always been the missing piece of the puzzle for most DAOs/on-chain co-ops
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SQX
@sqx
Grants baby. Grants.
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SQX
@sqx
I forgot. They also funded a partnership (by some members) to be minority partners in a night club in Brazil. π§π· Non recourse (generally) and no kick back. Just an expectations of !vibes and nounish crypto outreach.
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