# Glossary

## 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