Max Regen: OttoDAO

Permissionless lotteries provide an additional tool in the Public Goods Funding toolkit for making the internet self-sustainable.

Building a cypherpunk future from the ground up will also take social cooperation on a scale not seen before.

We’re not just about raising funds through lotteries. We’re about taking collective ownership of how we allocate resources, and stewarding the R&D of yet more novel capital formation mechanisms for PGF.

OttoDAO addresses the often-overlooked capital formation side of PGF by:

• Aligning Incentives: Balancing personal gain with social good to attract a broad base of participants.
• Community Engagement: Come for the meme culture, stay for the vibrant social layer and cypherpunk vision.
• Open-Source Innovation: Raising funds on top of open-source software, opening up vast potential use cases beyond the capacity of any single team.

How to Get Involved

OttoDAO invites contributors from across the degen to regen spectrum to join us in revolutionizing Public Goods Funding. Here are ways to get involved:

• Funders: Support our Juicebox funding round, contribute to the community-driven initiative, and join the community of $OTTO holders.
• Builders: Provide input, feedback, and support in building the protocol and its integrations.
• Aligned Contributors: Hop on over if you are passionate about supporting Ethereum-aligned public goods through lotteries.
• Public Goods Projects: Run pilots with us to explore innovative funding mechanisms.
• Memers, Ambassadors & KOLs: Spread the word and grow the community through your content, connections and influence. Join us in shaping the future of Public Goods Funding. Become a part of the onchain adventure and contribute to OttoDAO today!

$OTTO Token

The $OTTO token is an ERC-20 utility and governance token on the Ethereum blockchain.

$OTTO serves as the backbone of OttoDAO. Locking $OTTO tokens allows holders to align themselves with the DAO's goals and delegate voting power to elected DAO members.

Delegated members are then tasked with voting on governance proposals and other community improvement initiatives, over a governance season of approximately six months.

Issues governed by the DAO's community include:

• The protocol's fee switch
• Protocol emissions
• Treasury allocations

The Treasury funds will be allocated with the aim of furthering protocol development and Ethereum-aligned causes.

Tokenomics

Following a proven model for PGF, the $OTTO token distribution aims for early decentralisation and widespread, open access.

What this looks like in practice is onboarding a group of mission and vision-aligned early contributors, while inviting a broader audience to support the work through our Juicebox funding round.

Here’s a breakdown of $OTTO’s token distribution strategy:

• Early Contributors & Advisors: Compensating early contributors who developed the protocol's open-source code, front-ends, branding, social media presence, legal advice, and more.
• Juicebox Crowdfunding: Allowing non-technical contributors to join the DAO by contributing capital through a Juicebox crowdfunding campaign, building the DAO's Treasury.
• Community Allocation:
  • Ecosystem Fund: Attracting builders, researchers, evangelists, and others contributing to PGF and the Otto meme.
  • Emissions & Liquidity: Reserved for protocol emissions and liquidity, with mechanism design to be determined.
  • Airdrop: Incentivizing adoption of OttoDAO's protocols.

The total $OTTO token supply will be automatically determined based on the Juicebox crowdfunding campaign's raised amount.