Glossary

All of the Rug Radio terms and acronyms in one place

D

  • DAO Operational Council: The 7 member council responsible for overseeing the administration of the DAO

E

  • 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.

F

  • Faces of Web3: Our PFP that was designed in collaboration with Cory Van Lew which was released in February 2023.

  • Frameworks: The 7 core governance frameworks for the RugDAO.

G

  • 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

M

  • 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.

R

  • 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, and more as we build out the rewards program.

  • $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.

S

  • Snapshot: The platform that we use to capture DAO votes

T

  • Town Hall: Our bi-weekly Twitter Space and YouTube stream where the team provides updates about what we've been up to and what's next, hosted every two weeks on Monday at 5pm EST.

  • Tech Roadmap: Outlines the 5 products that we plan to ship through the remainder of 2023

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