Preface

With the advancement of technology and the increasing enthusiasm of humanity for space exploration, space travel and colonization are no longer just fantasies in science fiction. MoonDAO is such a forward-thinking organization dedicated to accelerating the construction of a self-sufficient, self-governing lunar base as a starting point for human exploration of the universe. This decentralized autonomous organization (DAO) not only promotes the project through community governance but also issues its native governance token $MOONEY, allowing global participants to make decisions together, raise funds, and participate in the future of space exploration.

What is MoonDAO?

MoonDAO is a global decentralized organization aimed at promoting the establishment of lunar colonies as a starting point for human exploration of the universe. Its goal is to accelerate the construction of a self-sustaining lunar base by 2030, representing not only technological breakthroughs but also symbolizing a transformation in human social structures, decentralizing power to the global community rather than being dominated solely by governments or corporations. MoonDAO believes that the future of space exploration should belong to everyone, unrestricted by wealth, nationality, or government plans. Therefore, it adopts a DAO model, allowing community members to collectively make decisions and manage projects, promoting space development through transparent governance.

MoonDAO’s vision: Why choose the moon?

The future of humanity should not be limited to Earth, as resources are limited and the environment is changing rapidly. Exploring space represents a key turning point for human civilization. MoonDAO believes that the moon is the first step in opening up the exploration of the universe. The following points are the reasons:

1. Geographical advantage: The low gravity environment of the moon significantly reduces launch costs, making it suitable as a stepping stone to other planets.

2. Resource potential: The moon has abundant resources, such as water ice that can be converted into hydrogen fuel, providing supplies for long-term exploration.

3. Global collaboration: Through decentralized governance, MoonDAO allows anyone to participate without being limited by borders or wealth.

Why choose the DAO mode?

Current space exploration is mainly dominated by government agencies (such as NASA, ESA) or private companies (such as SpaceX, Blue Origin), making it difficult for the general public to participate. However, DAO provides a new way of collaboration:

1. Global Participation: Anyone, regardless of nationality or financial status, can participate in governance through $MOONEY.

2. Decentralized governance: power is no longer concentrated in a single government or enterprise, but is jointly decided by the community.

3. Fair mechanism: Through lock-up and quadratic voting mechanisms, ensure that influence will not be monopolized by a few wealthy owners.

MoonDAO aims to break the monopoly of traditional wealth and power, giving everyone the opportunity to be part of human space exploration.

Governance mechanism of MoonDAO

MoonDAO adopts decentralized governance, where all decisions are made by community members through voting, rather than controlled by a single individual or team. This model ensures fairness and transparency, and encourages active participation of community members.

Voting Mechanism

MoonDAO governance proposals will be posted on the official website, and members with voting rights can vote on the proposals. A proposal needs to receive support from at least two-thirds of the votes to be executed.

Why do you need to lock (Locking) to obtain voting rights?

MoonDAO hopes to ensure that members participating in governance are genuinely concerned about the long-term development of the project. Only holders willing to lock up $MOONEY for a period of time can obtain voting rights. This mechanism prevents short-term speculators from influencing community decisions and ensures that the development direction of the DAO aligns with long-term goals.

Voting power calculation method

MoonDAO adopts the ‘Quadratic Voting’ system, that is:

• Voting power = square root of the amount of locked tokens

• The longer the lock-up period, the more voting rights obtained

This mechanism prevents excessive concentration of capital, ensuring a relatively fair influence for each member.

MOON DAO’s token economics

MoonDAO’s native governance token $MOONEY is at the core of community governance and resource allocation. As a governance token, $MOONEY does not represent decentralized ownership of the DAO, nor does it serve as an investment tool for profit. Instead, it allows holders to participate in community governance by locking tokens and have voting rights in proposal decision-making.

Fixed supply and issuance mechanism

$MOONEY was launched on the Juicebox platform on December 17, 2021, and completed its initial issuance on January 16, 2022, with a total fixed supply of 2.6 billion. There will be no further issuance, ensuring the scarcity and stability of the token’s value. Currently, approximately 50% of the tokens are held in the MoonDAO treasury, which will be distributed through a geometric series to incentivize community participation in DAO project development.

Governance and Voting Rights Mechanism

MoonDAO uses the Locking Mechanism to ensure governance power is in the hands of long-term supporters. Holders can buy $MOONEY on Uniswap or Gate.io and choose to lock it for any period from one week to four years. The locked $MOONEY will be converted to $vMOONEY (Voting MOONEY), giving holders voting rights. The calculation of voting power is based on the Quadratic Voting formula, ensuring that influence is not completely monopolized by whales but encouraging widespread participation.

Incentive Mechanism and Release Plan

The $MOON token will be released quarterly (every three full moons), with an initial issuance of 15 million tokens, followed by a 5% decrease in issuance each quarter. This geometric decreasing pattern ensures long-term stable supply of resources, as follows:

• Season 1: 15 million $MOONEY issued

• Season 2: Issued 14.25 million $MOONEY

• Season 3: 13.5375 million $MOONEY issued

• Similarly, until 300 million $MOON are released in total.

The $MOONEY in the treasury is allocated based on a DAO member voting system, ensuring that all financial decisions are collectively managed by the community. Any new proposals must be approved by MoonDAO members through voting to ensure that the issuance does not exceed the established limits.

Security and Risk Management

MoonDAO uses the Gnosis Multi-Sig multi-signature wallet to manage funds and reduces security risks by community-auditing smart contracts. However, Web3 technology still faces unforeseen risks such as smart contract vulnerabilities, treasury attacks, or fraud risks. MoonDAO reminds all participants to manage their assets carefully and regularly review the governance model of the DAO.

MoonDAO ensures the long-term value and stable development of $MOONEY through a decentralized governance model, transparent resource allocation mechanism, and robust economic model.

Start MOON spot trading:https://www.gate.io/trade/MOON_USDT

Summary

MoonDAO is not just a project about space exploration, but also a revolution in society and technology. Through the DAO model, individuals from all over the world can participate in decision-making, collectively creating new opportunities for the future of humanity. As the governance token, $MOONEY ensures that all decisions are democratically determined by community members, rather than controlled by a few powerful individuals. With the increasing global interest in space exploration, MoonDAO may become a key driver of the future space economy. For those who believe in decentralization, scientific exploration, and the future development of humanity, MoonDAO is undoubtedly a project worth paying attention to and participating in.