Glossary
All of the Rug Radio terms and acronyms in one place
- DAO Operational Council: The 7 member council responsible for overseeing the administration of the DAO
- ERC-721M: A new smart contract standard developed by SyndicateDAO that allows for on-chain composability of assets. Both our Membership Passes and Genesis NFTs are built with this standard.
- Faces of Web3: Our PFP that was designed in collaboration with Cory Van Lew that will be released in early 2023.
- Genesis NFT: Our NFTs that yield $RUG token daily depending on rarity
- Governance Frameworks: The 7 frameworks that act as the guiding principles for the RugDAO
- gm: good morning...say it back🌞
- GM WEB3: Our weekday morning show hosted by Farokh, OSF, and Mando from 10:30am - 12pm EST, Monday - Friday on Twitter Spaces
- Membership Pass: Our NFT that originally acted as a mint pass for the Genesis NFT. This now acts as your key to the entire ecosystem at a more accessible price point.
- RugDAO: The RugDAO is how the community holds long term ownership in the Rug Radio ecosystem by voting on or proposing improvements to the ecosystem.
- $RUG: The utility token that can used to swapped for $RDAO, earned through our rewards program, mint our PFP drop, and purchase merch in our store (coming soon!)
- $RDAO: The governance token used to vote on DAO proposals
- Rewards Program: Our rewards program gives holders the opportunity to earn $RUG which can be used in a variety of ways through the ecosystem.
- Snapshot: The platform that we use to capture DAO votes
- Town Hall: Our bi-weekly Twitter Spaces where the team provides updates about what we've been up to and what's next, hosted on Friday's at 3pm EST.