DRIFE NFT closed community sale will be starting from 30th November 2022
Welcome onboard, DRIFERs!
Following our previous announcement, it is time to shed some more light on what’s about to be in the DRIFE Council NFT.
DRIFE Council NFT is our unique approach to uphold the idea of ‘decentralization’ through DAO Governance, which endeavors the growth of DRIFE ecosystem and bring added value to the DRIFE community.
As a DRIFE Council member, you will become part of an elite group of 200 members, responsible for most approvals taking place in the DRIFE ecosystem, starting with approvals for proposal voting and franchise vetting. Not only this, a DRIFE Council member will get access to various features in DRIFE Platform and DRF Ecosystem, which includes priority in Staking rewards, getting access to treasury funds, enjoying various exclusive benefits, and much more!
Well, we understand you may have some questions. Who are we? Why are we here? What’s DRIFE Council NFT? Well, here is your chance to learn everything you need to know about DRIFE Council NFT.
So, Let’s get started!
Note: Only after whitelisting, you will have the opportunity to purchase DRIFE COUNCIL NFTs from the private sale before they are made available to the general public.
The launch of DRIFE NFT is also a strong indication of our commitment to the utility of DRF (decentralized ride-hailing fuel). We believe that DRF has a bright future as a utility token and it will continue to play a vital role in the DRIFE ecosystem.
Table of Contents
- The DRIFE DAO Framework
- Why NFT for Council?
- Deep dive into DRIFE Collection
- Utilities of Council NFT
- How to get access to Council NFT?
The DRIFE DAO Framework!
DRIFE NFT is an integral part of the DRIFE DAO Framework. To know more about DRIFE DAO, read here.
Why NFT for Council?
We believe that there is a need for an NFT to exist in the ecosystem. NFTs enhance the concept of digital collectables by providing holders with real-world rewards and other privileges linked to ownership, leading to both economic and non-economic values. Meanwhile, with Fungible tokens like DRF, there is no way or form to prove unique ownership and their value keeps changing.
Purpose of Council Collection
The purpose of launching an NFT collection is to make sure that we do a fair launch and allow everybody in the community to apply to become a council member.
- This starts with a whitelisting process where you tell us why you should be holding the DRIFE Council NFT.
- After getting shortlisted, you become eligible to buy the Council NFT before the general public.
- The NFTs will be used to power the DRIFE DAO, which will be responsible for managing the DRIFE ecosystem. To ensure that the DRIFE community has a say in the management of the protocol.
Note : DRIFE Council NFT has a very separate utility and significance for the growth of DRIFE ecosystem, including DAO.
DRF token holders are eligible for voting, staking, and presenting proposals which will be a part of the Mother DAO.
A deep dive into the DRIFE Council
“We believe in the power of the community”
That’s why we’ve created the DRIFE Council, a community of 200 NFT holders called Council Members. The Council is designed to offer a wide range of perspectives on the DRIFE platform and the NFT industry as a whole. As Council Members, you’ll have the opportunity to shape the future of the DRIFE platform and the NFT industry.
The DRIFE Council is created to ensure that every user takes an active role in decision-making activities and determines policies for the community’s future through transparent and distributed decision-making.
This Council enables the DRIFE community to have a say in the management of the protocol and make sure that the DRIFE management team is not taking all the decisions. For example, — any proposal submitted will need to be approved by Council members and then only will be available for voting, ensuring every proposal gets a fair chance before the Council.
The Council is responsible for vetting every franchise application that is submitted, and for making sure that only the best franchises are chosen. Furthermore, the Council will work on minimum staking requirements for every franchise and on other franchise onboarding procedures. The Council has access to the DRIFE Treasury funds and can use these funds to help finance various initiatives within the DRIFE ecosystem.
Finally, the DRIFE Council has the following abilities:
1. To set the strategic direction of the DRIFE ecosystem
2. To allocate resources to achieve the ecosystem’s objectives
3. To oversee the operation of the DRIFE ecosystem
4. To advise and guidance to the DRIFE community
5. To represent the DRIFE community in interactions with external stakeholders
6. To overlook the DAO governance and work on reforms
Utilities of DRIFE Council NFT
The DRIFE Council NFT Collection is the world’s first NFT collection for a decentralized ride-hailing service. It is a significant development for the NFT industry and the DRIFE platform.
Total supply: 200
DRIFE Council NFT is designed to give power and ownership but most importantly, the ability to be someone who will contribute to the changes in the mobility space, these are not just another NFT with no or limited utility.
Pursuits
— — With great power comes great responsibility — —
The most important role and responsibility of the Council members are to act in an unbiased manner for the growth of the DRIFE ecosystem, and it starts with every proposal that comes up for voting in the DRIFE ecosystem. The proposals will be first scrutinized by the Council members, and only after their approval, will they be put to a vote by the DRIFE community members, where every community member who holds DRF will be eligible to vote, and accordingly, the proposal gets passed.
- Every Council member will on the first eligible to become a chairperson to run the whole council in the most effective and efficient way possible.
- Every Council member gets a vote, which they can use to vote for themselves or for other Council members in order to get elected as a chairperson or for other posts that will exist in the Council.
- To make sure that the best candidate gets the DRIFE franchise, every application that DRIFE receives will go through the initial vetting process, where Council members will look over the proposal and accordingly move the franchise candidate to the next level, where the DRIFE community and DAO will vote.
Access
DRIFE Council members will get priority access to the Staking process in any new staking pool announced by DRIFE. DRIFE Council owners will get priority to stake their DRF, be it normal staking, LP Staking, or Franchise staking.
Another vital access that DRIFE Council members enjoy is the access to the Treasury Fund Allocation of DRF Token.
Council members receive a portion of each allocation that is given from the Treasury towards the development of the DRIFE Ecosystem. Not only this, but the Council members will also get access to one-on-one AMAs with the founders and exclusive access to all DRIFE events, supplemented by a closed Discord community and video calls.
Benefits
In addition to the roles and responsibilities that Council members will have access to, there are also some special benefits that DRIFE Council NFT holders will enjoy. The opportunity to make money from franchise set-up fees is the most important benefit received by members of the council.
Each time the council works on a franchise and that franchise goes live, the commission it receives from the franchise as set-up fees are apportioned as a percentage. and credited to the Council for their efforts.
- Council members also receive promo codes and discounts on rides.
- Council members will receive Profile Picture NFTs with Future DRF and NFT Airdrops.
- Exclusive physical and digital products (collectables) are also provided free of charge to Council Members.
How to get a Council NFT?
To reward our early supporters and to ensure that DRIFE NFTs are made accessible to our community first, we are whitelisting our NFTs.
NFT whitelisting is getting a crypto wallet address pre-approved for minting. DRIFE NFTs sale will be available initially to the closed community ONLY.
Getting on a whitelist is a bit of work, but a few mins of effort can go a long way in landing you a chance to mint DRIFE Council NFT and flip it for a high-profile in the DRIFE ecosystem.
So, how can you get in on the action?
Fill out the form below because the answers to the questions will determine whether you will be whitelisted.
DRIFE Council NFT Whitelisting Form
For more information, please contact us on our telegram.
Summary
- The launch of the Council NFTs is a major milestone for DRIFE, and it marks the beginning of the protocol’s journey to decentralization.
- With the Council NFTs, the power to govern the protocol will be in the hands of the community.
Are you ready for Council NFTs?
So what are you waiting for?
Get your hands on these NFTs today and help us shape the future of DRIFE!
Follow our socials to be the first to hear when the drop is launched and get notified if you got whitelisted:
