Developer DAO Handbook
  • 👋Welcome Developer DAO
  • Getting started in the dao
    • 🐾First Steps
    • 📅Attend our Events
    • 💬Join our Discord
    • 🙌Show love with Praise
    • ✍️Publish on our blog [WIP]
    • 🪙How to earn CODE
    • 🎁Membership Perks
  • About the DAO
    • 🎯Mission, Values & Goals
    • 📚DAO Structure
    • 🪙The CODE Token
    • 👩‍⚖️Governance Process
    • 🏛️The Developer DAO Foundation
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  • What is the CODE token?
  • CODE Token Distribution
  • CODE Token utility
  • How is the CODE token allocated?

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  1. About the DAO

The CODE Token

An overview of the CODE token and its role in DAO Governance.

PreviousDAO StructureNextGovernance Process

Last updated 1 year ago

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What is the CODE token?

The CODE token is an ERC-20 token issued on Ethereum with a total supply of 10,000,000 tokens. The token's address can be validated by going to token.developerdao.eth.

CODE Token Distribution

The CODE Token distribution was originally established in and then amended in .

Initial allocations of the CODE token were calculated as follows:

Percentage
Total Amount
Pool

50%

5,000,000

DAO Treasury

25%

2,500,000

NFT Holders at time of snapshot

10%

1,000,000

Early Contributors

6%

600,000

Founding Team

2%

200,000

Unallocated Advisor Pool

1.55%

155,000

Scholarships

0.45%

45,000

Advisors

The claim period for the CODE token airdrop was set at six months. After that period, 1,370,243.86 CODE Tokens were left unclaimed and returned to the DAO Treasury in .

CODE Token utility

The CODE token is a Governance token. Its primary purpose is to empower Members to Govern the DAO via voting on

It does, however, have some utility for Members beyond Governance:

  1. Access to our Discord community

  2. Certain Member-only opportunities (i.e. writing for the blog)

How is the CODE token allocated?

CODE token allocations are agreed via our Governance process.

Any Member has the right to submit a Governance proposal that includes allocating CODE or other treasury assets to be considered by and voted on by the DAO if requirements are met.

If you're a Member hoping to earn CODE rewards, check out How to earn CODE.

We hope to increase the utility of the CODE token over time and welcome all ideas and proposals to add utility. Please share them on our .

🪙
P-5: Governance Token Proposal
P-10: Governance Token Allocation Amendment for Founding Team & Advisors
this transaction
Snapshot
governance forum