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Detailed explanation of AssangeDAO: the DAO with the largest financing scale by JuiceBox so far
D-Tiger Research
特邀专栏作者
2022-02-11 04:06
This article is about 3946 words, reading the full article takes about 6 minutes
AssangeDao's exit from the circle is undoubtedly a familiar confrontation and game between negative and positive.

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AssangeDao event passed

  • Julian Assange (Julian Assange), the founder of the well-known Wikileaks (Wikileaks), was wanted for leaking the US government scandal. In March, the British government finally decided to extradite Assange back to the United States, and Assange in the United States will be imprisoned for up to 174 years.

  • On February 3, 2022, AssangeDao, jointly organized by digital artist Pak and the Assange family, initiated fundraising through the Juicebox platform, and used the auction of NFT to obtain legal defense fees for Assange to save Assange.

  • 2022-02-08, because AssangeDao caused strong dissatisfaction among community members due to its failure to comply with its previously announced financing plan.

  • On February 9, 2022, after two rounds of financing, AssangeDao completed financing with a fundraising amount of 17,423 ETH. In a short period of time, it surpassed ConstitutionDao's financing amount and became the most popular and financing project on the Juicebox platform.

    NFT— ”Clock”。

2022-02-09, around 7:00 p.m., the official team announced that Pak’s

At present, the funds from this auction have flowed into the German Wau Holland Foundation as Assange's defense fees. According to community members, the German Wau Holland Foundation has been funding WikiLeaks for a while now.

Regarding the specific plan for the funds after the auction, the team has not yet responded.

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The Mystery of Assange's Identity

When Assange was arrested in 2019, most members of the Bitcoin community were willing to donate money to show their support. According to Cobra, the owner of the Bitcoin.org website, this may be a kind of "debt of favor"; because when Bitcoin was still unknown, Assange expressed his support and used Bitcoin as the main fundraising The means, to some extent, is that WikiLeaks first brought Bitcoin into the public eye.

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AssangeDAO core team

Assange's lawyer: Jen Robinson

Assange's brother & fiancee: Gabriel Shipton & Stella Morisand

Community moderator: Joshua

Pak is a well-known digital artist in the encryption circle. The NFT the Merge with a sky-high price of more than 90 million US dollars is Pak's work. Other works include Fomoverse, LostPoets, etc. Pak is completely anonymous, and no one even knows whether Pak is a person or a team. It can be said that he is Satoshi Nakamoto in the NFT world. (Pak Twitter @muratpak)

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The DAO developed an initial governance model. First, community members will share draft proposals in the forum for community discussion. There will then be an initial review (whether to initiate a vote) with a review team consisting of: Jen Robinson (Julian Assange's lawyer), Gabriel Shipton (Julian Assange's brother) and Stella Moris (Julian Assange's fiancée) and our community moderators .

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Community NFT

AssangeDao and Pak jointly launched the NFT work "Censored", which consists of two parts: the unique NFT "Clock" and the open NFT (X/X).

At the same time, another part of the open NFT (X/X) is minted by community members. The time limit is 48 hours, and the number is not limited. After 48 hours, the casting channel will be closed. A wallet address is limited to one NFT. Users need to spend 0.1 ETH to enter letters or spaces to generate NFT. When each NFT is generated, there will be a picture of letters being crossed out, which reflects the theme of Pak’s design of NFT—Censored. Censored has 29,752 works minted on Opensea; but the NFT can only be truly owned by users when Assange is released.

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Why was financing not carried out according to the financing plan?

McKenna, one of the official team, explained in the discord group: because he didn’t understand the rules of the Juicebox contract, he thought that the financing cycle could be extended. However, during the financing process, it was found that this was not the case. During the first financing process , AssangeDao's popularity and the team's goal of fundraising have not yet been achieved, so the second round of financing was launched, and the team also stated that there will be no third round; currently AssangeDao's financing activities have ended, and a total of 17,423 ETHs have been raised , and quickly surpassed ConstitutionDAO, which originally ranked first among Juicebox platform projects, in a short period of time.

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Where will the funds go after the auction?

After the auction ended on the night of February 9, a new round of controversy started in the Dao community: 5% of the funds raised by AssangeDao were used to pay the JuiceBox platform handling fee, and the remaining 95% was used to auction NFT. The auction price was 16593.05 ETH, breaking through The record of the most expensive NFT price in history; it is not so much an auction as a buyout price, which is also intentional by the team. Assange's younger brother directly expressed the hope that NFT could be auctioned with the maximum funds to obtain defense fees for Assange. Why did the AssangeDao team bother to "rescue" Assange by auctioning NFT?

AssangeDao's exit from the circle is undoubtedly a familiar confrontation and game between negative and positive.

Its series of suspicious fund-raising behaviors undoubtedly caused panic and suspicion among some investors.

On the other hand, some people in the circle believe that the AssangeDao team is definitely not right to use such a huge amount of money only as a lawyer's defense fee. The German foundation it cooperates with has a deep relationship with the Assange family. In addition to supporting lawyers' defense fees, the funds raised are likely to be used to promote WikiLeaks, re-operate its media organizations, and increase its organization's communication efforts to use public opinion to contend with the US government. The huge potential contained in this will undoubtedly help the long-term development of AssangeDao.

Some people even firmly believe that the support of V God for AssangeDao is enough to make people flock to it.

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What is JUSTICE token? What does it do?

$JUSTICE is the governance token of AssangeDAO, which will be used to decide how to deal with NFT and the future roadmap of the DAO. The tokens will be distributed within 48 hours after the DAO completes the auction.

JUSTICE contract address: 0x59d1e836F7b7210A978b25a855085cc46fd090B5, please verify the contract address before any secondary market transactions.

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What is the relationship between JuiceBox and AssangeDAO?

AssangeDAO raises funds through the JuiceBox platform. AssangeDAO sets a discount rate of 0% and reserves tokens of 0%. Like ConstitutionDAO, AssangeDAO does not reserve tokens for team members. It should be noted that AssangeDAO has not set a fundraising goal, and users cannot redeem the overflowing ETH.

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risk warning

risk warning

Although AssangeDAO’s fundraising period on JuiceBox has ended, we still want to remind you that sending money to AssangeDAO is a donation and cannot be viewed as an investment.

  • And judging from the background and performance of the project party and the community atmosphere, the risk of participation is quite high:

  • It is rumored on the Internet that JB87, the community founder of AssangeDAO, is fluent in Chinese but average in English; and after JB87 released the announcement of the end of the NFT auction and the receipt of JUSTICE tokens, he never responded to community questions in the discord channel;

  • It is rumored that Pak, the partner, also threatened AssangeDAO that if all funds are not used to auction NFT as agreed, Pak will withdraw NFT (the purpose may be to attract Pak himself);

  • In the discord channel of AssangeDAO, most people are concerned about whether the price of JUSTICE will break, and very few people care about Assange that this organization wants to "rescue";

  • In addition, the management methods of the administrators against members' objections are rough, and many people are kicked out of the community because of the dissatisfaction of the administrators because they raise reasonable doubts.

At present, community members are preparing to initiate a proposal on the official forum, requesting a refund of the 5% handling fee charged by JuiceBox, and requesting the project party to hand over the contract authority.

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