FAQ
Frequently Asked Questions (FAQ)
What is CannabisAI DAO? CannabisAI DAO is a decentralized autonomous organization that brings together the cannabis community to support medical research, charitable initiatives, and innovative projects like strain development.
What is a DAO? A decentralized autonomous organization (DAO) is a community-led structure where decisions are made collectively through token-based voting. CannabisAI DAO empowers members to shape the protocol’s future.
Token-Related Questions
What is the CannabisAI token? CannabisAI is an ERC-20 token on Base, used for staking, voting, and rewarding our community.
What is the total supply of CannabisAI tokens? The total supply is 21 million, with 1% already burned.
How can I stake CannabisAI tokens? You can stake tokens through our membership page on CreatorBid. Rewards and voting power are proportional to your stake.
Is there a minimum staking requirement? There is no minimum requirement to stake in the DAO. However, submitting proposals requires a minimum stake of 21,000 tokens (0.1% of the total supply).
Charity and Community
What causes does CannabisAI DAO support? We focus on medical cannabis research, addiction recovery programs, and improving cannabis’s reputation.
How does the community vote on charity initiatives? Charity voting is open to all community members and will be conducted transparently through our discord.
Strain Development
What is the CannabisAI OG collection? This is our planned range of cannabis strains, starting with a hybrid developed with input from our AI agent. The collection will include Sativa, Indica, Hybrid, and CBD varieties.
How is strain development funded? A portion of our revenue—5%—is allocated to strain development and charitable initiatives.
Investments and Revenue
How are DAO revenues distributed? Revenue distribution is variable, with 20-50% allocated to stakers, 10% for protocol growth and marketing, and 5% for strain development and charity. Investments receive 35-65% depending on staked token percentages.
What types of investments does the DAO make? We focus on AI blockchain projects, with allocations for proven, mid-cap, and low-cap opportunities. Main focus will be BASE chain.
Can revenue distribution thresholds be changed? Yes, these thresholds can be adjusted through a DAO proposal and vote.
Participation and Governance
How can I participate in the DAO? You can stake any amount of tokens on CreatorBid. However, submitting proposals requires a minimum stake of 21,000 tokens.
What happens during the staking cooldown period? When unstaking, there’s a 14-day cooldown where no rewards or voting rights apply to the unlocked tokens, preventing manipulation.
Roadmap and Future Plans
What’s next for CannabisAI DAO? Our roadmap includes developing a website with a dashboard for voting and fund collection, expanding our community, launching the CannabisAI OG strain, and enhancing our investment strategies.
How does CannabisAI DAO plan to grow its community? Through active engagement on Discord, Telegram, and Twitter, with competitions, discussions, and AI-driven interactions and well-thought-out marketing strategies.
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