🏗️How Does It Work?
One Teddy NFT, auctioned on chain, everyday, forever.
Inspired by Nouns DAO and the success of other previous projects, Teddy DAO delivers an auction mechanic that leverages the power and value a daily auction can have on sales revenue.
So why not put that same power into donations? We have all heard of charity auctions, and Teddy DAO aims to bring them on chain.
How to Bid?
Connect wallet [See the How to section if you do not have a wallet]
Enter your bid for the NFT in $GLMR, making sure it is higher than the current bid [I don't have any $GLMR?]
Enter the charity you wish to which you wish to make a donation, as well as your name/corporation (if you want recognition [Can be left blank])
You are now the highest bidder
You can be outbid so keep an eye on the timer and check back to ensure you have won
If you are the highest bidder at the end of the auction the NFT is yours and your proceeds will go to charity.
I Won! Now What?
Congratulations you are now officially part of Teddy DAO!
You will be able to see your NFT in the 'My Teddies' section
You can also now access the private channels in the Discord that are available for Teddy holders.
You will now have a say in the future of the project through Governance
If you wish to ever sell your Teddy you can do so on the Moonbeans marketplace. Remember, the 5% royalties will go to the DAO to be given to a charity each Quarter as voted on by the community!
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