Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Taurus flag pattern Tips FET for $ 9.33 price target

2025-05-24

Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

2025-05-24

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

2025-05-24
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

    2025-05-24

    Archer Hunter Partners with tilted on chain gaming on Sei

    2025-05-24

    What is BNB chain Maxwell hardfork?

    2025-05-24

    Collect collaborations with Ecocreds to accelerate sustainability in chains

    2025-05-24

    Enjin Blockchain makes cross-chain stablecoin transfers possible with Hyperbridge

    2025-05-24
  • NFT

    Trump’s controversial memecoin dinner aroused mixed reactions from those present on

    2025-05-24

    NFT -turnover drops to $ 129.8 million, Avalanche Sales Surge 200%

    2025-05-24

    Alchemy acquires NFT Launchpad Heymint to speed up the development of Smart Wallet

    2025-05-23

    Delorean launches a car marketplace on the chains with Patrick Stewart

    2025-05-23

    Beratone NFT Avatars are now live on OpenSea

    2025-05-23
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin Nossedives 4% Because Donald Trump threatens rates for imported iPhones and EU products

    2025-05-24

    Billionaire Bill Ackman collapses $ 1,039,000,000 in a single active in large portfolio shift: report

    2025-05-24

    ETH starts his climb to a milestone of $ 3K

    2025-05-24

    Hyperliquid’s market momentum pushes hype to new high

    2025-05-24

    According to economist and trader Alex Krüger, there is a new of all time for Bitcoin, but there is a catch

    2025-05-24
  • Learn

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split
Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split
NFT

Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

2023-09-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A unique uprising is unfolding in the world of NounsDAO. Hundreds of NounsDAO holders are calling for a refund, leading to a potential treasury split. Due to the number of holders who are in favor of exiting, division of the project’s treasury seems inevitable.

This treasury exists for NounsDAO participants to “allocate resources for the long-term growth and prosperity of the Nouns project.” The NounsDAO treasury has funded over 158 projects and proposals to date, and the future of this will be in jeopardy if the treasury continues to shrink.

According to NounsDAO’s “rage quit” rules, if 20% of Nouns NFTs unite in their demand for this “fork,” they possess the authority to break away from the collective and claim their rightful stake in the project. When the fork concludes, holders will be able to split from the main group and take their share of around 35 ETH each. Auctions for Nouns have been currently around the 35-36 ETH range.

At the time of writing, there are currently 334 Nouns in the “fork,” with four days remaining. The current fork treasury is worth around 11858 ETH. 334 Nouns brings the percentage to almost 40% of Nouns wanting to leave the organization.

~40% of Nouns are quitting the DAO and claiming a refund

Noun #1 sold for 613 ETH in August ’21 ($1.9M at the time)

Now Nouns are only going for around 35 ETH ($40k)

Some holders think the $30M treasury is being thrown out the window

Here’s what’s causing problems:… pic.twitter.com/jPsPE9ycLV

— Hunter Solaire ᵍᵐ (@huntersolaire_) September 11, 2023

The financial ramifications are nothing short of staggering, with the current fork treasury commanding a worth of approximately 11,858 ETH.

See also  Shiba Inu's Q1 2025 roadmap - What should SHIB holders expect from memecoin?

The crypto community is voicing the unsettling notion that if NounsDAO, one of the most successful and well-known DAOs, is facing this challenge, it might not be hopeful for the future of other decentralized autonomous organizations.

However, according to user NiftyNoonNFT, there might be a silver lining in the situation that helps the NFT market in the short term. “[NounsDAO] exit may be a small liquidity event that helps the market,” they said in a tweet. “There will be thousands of ETH returning to the hands of NFT-natives.”

This intriguing juncture in NounsDAO’s journey can be traced back to the approval of a sweeping upgrade known as v3, a pivotal decision that bestowed upon disgruntled investors the recourse of peaceful exit through forking—a mechanism designed to safeguard the interests of all stakeholders. The ramifications of this experiment in decentralized governance are still unfolding, and the eyes of the crypto world remain firmly fixed on NounsDAO, watching to see the latest update.



Source link

DAO exit holders Hundreds Leading Nouns rally split Treasury
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

2025-05-24

NFT -turnover drops to $ 129.8 million, Avalanche Sales Surge 200%

2025-05-24

XRP -price flashes signal that in November 2024 activated 600% rally

2025-05-24

Bitcoin’s Uptrend can focus on $ 114k – 2 important factors that support BTCs Rally

2025-05-24
Add A Comment

Comments are closed.

Top Posts

Things cannot thrive on radically transparent blockchains

2025-02-18

The Good News Catalog: Five Positive Price News Items That Will Give You the Zoomies

2023-11-08

BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold So What Is Digital Silver?

2023-07-06
Editors Picks

Bitcoin price under pressure? Analyst explains why a drop below $66,000 is bad news

2024-09-01

Ethereum rival that has exploded more than 600% this year on the cusp of another bullish breakout, says analyst

2023-12-09

Bitcoin Mining: Can Russia’s New Factory Solve Miners’ Energy Problems?

2024-10-14

Bitcoin’s breakout soon? $ 100k on just one step away, thanks to whales

2025-04-23
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Taurus flag pattern Tips FET for $ 9.33 price target

Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%