Proposal: Sunset Resolution

I have been a relatively inactive member but I want to reiterate that I see ongoing value in Kongland’s mission. Especially in 2025, as

  1. the Ethereum Foundation is starting to aggressively push for privacy and self-sovereign tools (maybe someone can reach out to them with a pitch?), and
  2. payments/stablecoins are spreading at rapid speed.
    I believe the hardware-backed guarantees of Kong-like projects are likely to take a leading role within these megatrends.

But if the Treasury were to wrap up, I would like to see that the active contributors get a larger share of the treasury than simple NFT holders. It’s been a slog, albeit a fulfilling one in some ways, but there is no question that the active contributors have provided the scarcer resource.

Not to derail the convo too much, but what is the relationship between Kong and Arx/ESR? I participated because of the Kong vision, but have no idea what the official and unofficial relationship with those other projects are.

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Not to derail the convo too much, but what is the relationship between Kong and Arx/ESR? I participated because of the Kong vision, but have no idea what the official and unofficial relationship with those other projects are.

Arx was deemed the “chip supplier” for KONG Land a while ago; there is no official linkage between the two.

ERS was ideated both outside of and within KONG Land; it has no income generating properties in and of itself (it is free to use the contracts). It could be expanded with additional services or paid interfaces. It’s development largely occurred outside of KONG Land, but with major acknowledgements to @cadillion and the Verilink team.

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Is there a plan for $CITIZEN (ERC-20) holders? I’m a citizen and already have the NFT, but I also still hold an additional ERC-20 token that I haven’t burned.

Instead of allocating 50 % of the treasury to ERC-721 holders and 10 % to ERC-20 holders, wouldn’t it be better, simpler and fairer to allocate the same percentage per token, regardless of whether it’s an ERC-20 or an ERC-721?

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Re: plan for the next 6-12 months

My vote would be to recommit hard to the network state thesis, get a presence at the network state conference at the same time as Token2049 Singapore this year, do some user research around the problems that network states are facing, and use the remaining treasury to put together task forces to earn revenue for solving them.

ERS was first conceptualized as a way to solve the problem of untrusted parties manufacturing chips and attaching untrusted services to them. I had the great fortune to talk to an FTC commissioner earlier this year, and he said that one of the most pressing problems for the FTC is creating a cybersecurity certification that attests certain networking hardware is as secure as the manufacturer claims. ERS could abstract the certification away into a trustless bug bounty for showing a piece of hardware signed an invalid state.

Similarly, I talked to a gold miner who wanted to create onchain provenance tracking because he could get 20% over LBMA with a certain swiss refinery for ethically sourced gold. Kong chips are a natural fit for this type of supply chain provenance.

We are solving the problems of the future, but the question is how to take the existing infrastructure and make sure we are generating repeatable revenue for the DAO today. If the DAO wants a repeatable revenue model then we need to focus on an audience and understand their biggest pain points.

@cameron can tell me if I’m wrong, but my understanding is that the main revenue source of ARX has been Burner and community/conference activations. The work trying to make it easier for service providers to onboard to the chip platforms has been slow going since NFTs have largely failed to make a comeback. So who is the audience for Kong chips and registries given this market?

  • manufacturers
  • decentralized service providers
  • distributors
  • DAOs
  • stablecoin processors

The first step is choosing one of these customers and making sure that the DAO is really solving a painful problem for them that they are willing to pay money for. The next step is getting contracts.

Re: CITIZEN ERC-20 vs ERC-721
Imo, you’re not a citizen unless you claimed the NFT, you’re a speculator. Ragequit should be reserved for NFT holders who signed the charter.

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@cadillion thank you for outlining a concrete path forward; yes, most revenue recently has been tied to Burner sales and activations as opposed to artists/NFTs. I believe this is a great proposal as it’s demonstrative of the dedication of committed $CITIZENs to continue to pursue goals under the original Charter, UNAA, and Declaration of Open Secrets

I should note that I don’t believe that this vote should be blocked by requiring consensus as to whether or not a specific plan like this one has merit. I think we should proceed with establishing a clear mandate on whether the DAO should dissolve entirely based on its existing progress and mission OR it should instead institute a ragequit mechanism for those who wish to leave.

If you are on the fence because you don’t believe that any proposed plan is viable, I don’t believe these posts should be perceived as a pitch for you to stay. I would much rather have excited, invested $CITIZENs who want to remain regardless of what the exact future plan is vs. disgruntled $CITIZENs holding others hostage to executing a plan (who may or may not be actively contributing themselves).

I am skeptical in the idea of a community association without the DAO; if the DAO dissolves entirely so be it, it would be nice to remove commitments to maintaining a ghost town Discord/forum/webpage.

I believe that Cabin is a great example (thanks @grin for sharing your take), however, they had established a much more tightly knit IRL community than KONG Land and conversely had very real overhead for continuing to operate the DAO entity.

On a different tack –

Although I don’t think now is the time to establish what a surviving KONG Land should focus on, I might propose another path that is more in line with subsidizing tools and providing free chips for makers like @Dr.Datamosh and @Mattaglass. As creators they are already actively making and selling things and thus by supporting them with free tools we don’t need to spin up a full business function.

We might also solicit existing $CITIZENs who otherwise are non-technical to offer chips to specific segments that they already operate in (e.g. potentially someone in the gold space?) assuming that we fund tools that satisfy immediate business demand.

My proposal doesn’t directly dovetail with the network state side of KONG Land, however, I believe we could create a small tax on the use of KONG Land tooling/ERS components to fund future network state initiatives. The creation of tools would be the primary use of remaining treasury funds.

I could also see a pared down DAO that instead focuses on monetizing remaining treasury through defi, investing in curated IRL salons for $CITIZENs and serves as an intellectual platform to explore how the ultimate goals of KONG Land might be achieved (e.g. Praxis has been an idea for quite a while now and they are demonstrating the necessity of raising massive amounts of capital to realize their vision). I don’t think most $CITIZENs would like this approach but I think it’s worth outlining.

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I agree no consensus on a plan is necessary at all for this vote to take place. Thank you both @cadillion @cameron for sharing your future visions and $CITIZENS can take this into account when voting. To reiterate, this proposal is based on the DAOs existing progress and mission at it’s core, not it’s theoretical future.

This post has brought about a lot of conversation and debate, and with that I think we’ve landed on a solid proposal. If there are no additional objections or suggested amendments, as the original proposer I will post this Snapshot proposal to dissolve or not on 7/31/25 at 4:00pm CST. The posting of an official announcement on Discord and on the official KONG Land X account will also be required. The draft of the proposal is below:

Sunset Resolution

This proposal is a For or Against vote regarding if the KONG Land DAO should dissolve and return KONG Land Treasury funds to $CITIZENs. Each vote outcome will trigger a 2 week timeline to issue an additional proposal that will determine further details. This first proposal is solely on whether to dissolve or not.

Vote to Dissolve Passes
If the vote for dissolution passes by a quorum of the $CITIZENs, a second proposal will be created that outlines the following:

  • Method of distribution: Ex. Burn to claim, split distribution with costs covered by the treasury.
  • Method of treasury allocation: Ex. Pro rata distribution of the treasury to all its members, to those members who burn their tokens, and/or to senators and those who participated in previous Snapshot votes.

Vote for Dissolution Fails
If the vote for dissolution fails by a quorum of the $CITIZENs, a second proposal will be created that outlines the following:

  • Ragequit mechanism: Ex. Method for unhappy citizens to ragequit, burn their token, and take their pro rata share of the treasury.
  • Mission refinement: Ex. Clear goals and a path forward established for the DAO, plans to use at least 60% of the treasury over the next 12 months towards KONG Lands mission, and/or a way to generate revenue for the DAO and the establishment of explicit metrics to evaluate success.

Unable to meet quorum
In the event the vote cannot reach quorum, the DAO will be presupposed to have chosen liquidation with pro rata distribution to all $CITIZENs.

*Note: Distribution to $CITIZENs is contingent on an ERC-721 and ERC-20 snapshot taken as of July 11th, 2025; new holders after these dates are not eligible for distribution.

KONG Land Treasury - 0xbdC95cA05cC25342Ae9A96FB12Cbe937Efe2e28C

Thanks @Sacris — I would like to reiterate my request that in the case of any distribution event (dissolution by choice, dissolution by default, ragequit) the only tokens available for distribution are the ETH in the treasury (and ETH in related LPs). Other tokens would go to the original KONG Cash team address (afk but referenced above).

Please include a sentence to that effect in the snapshot when posting (unless there is any objection).

ETH are the only valuable tokens in a liquidation event and I want to retrieve kong.eth

@Sacris I have updated the resolution below to include only the ETH assets in the event of a distribution and some important clarifying language:

Sunset Resolution

This proposal is a For or Against vote regarding if the KONG Land DAO should dissolve and return KONG Land Treasury funds to $CITIZENs. Each vote outcome will trigger a 2 week timeline to issue an additional proposal that will determine further details. This first proposal is solely on whether to dissolve or not.

Vote to Dissolve Passes
If the vote for dissolution passes by a quorum of the $CITIZENs, a second proposal will be created that outlines the following:

  • Method of distribution: Ex. Burn to claim, split distribution with costs covered by the treasury.

  • Method of treasury allocation: Ex. Pro rata distribution of the treasury ETH to all its members, to those members who burn their tokens, and/or to senators and those who participated in previous Snapshot votes.

Vote for Dissolution Fails
If the vote for dissolution fails by a quorum of the $CITIZENs, a second proposal will be created that outlines the following:

  • Ragequit mechanism: Ex. Method for unhappy citizens to ragequit, burn their token, and take their pro rata share of the treasury.

  • Mission refinement: Ex. Clear goals and a path forward established for the DAO, plans to use at least 60% of the treasury over the next 12 months towards KONG Lands mission, and/or a way to generate revenue for the DAO and the establishment of explicit metrics to evaluate success.

Unable to meet quorum
In the event the vote cannot reach quorum, the DAO will be presupposed to have chosen dissolution, triggering liquidation with pro rata distribution of ETH to all $CITIZEN ERC-721s (e.g each ERC-721 of which 281 are outstanding as of July 12th would receive an equal share of treasury ETH).

*Note: Distribution to $CITIZENs in the event of dissolution is contingent on an ERC-721 and ERC-20 snapshot taken as of July 12th, 2025 (see below); new holders after these dates are not eligible for distribution.

In all cases (dissolution by choice, dissolution by default, continuation with ragequit) the only assets available for distribution from the treasury shall be (1) ETH directly stored in the KONG Land Treasury and (2) ETH in associated LP positions (e.g. CITIZEN/ETH).

In the event of dissolution, all other non-ETH assets (e.g. kong.eth ) will be returned to the original KONG Cash address, 0xAB35D3476251C6b614dC2eb36380D7AF1232D822. This address will bear the cost of providing any gas required to execute any subsequent asset transfers and may elect to leave assets (e.g. spam tokens) in the KONG Land treasury.

KONG Land Treasury - 0xbdC95cA05cC25342Ae9A96FB12Cbe937Efe2e28C

export-tokenholders-for-nft721-contract-0x355929193308e157760824ba860390924d77fab9 (2).pdf (235.5 KB)

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I am aligned with these edits. Only clarification I will say here is that yes if Unable to meet quorum, a liquidation will trigger with pro rata distribution of ETH to all $CITIZEN ERC-721s.

However, if Vote to Dissolve Passes, then how the treasury is distributed will be determined by the second proposal. This may or may not include $CITIZEN ERC-721s and ERC-20s, $CTZN, previous Snapshot voters, $LAND holders, etc.

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I want to be clear that Unable to meet quorum is in fact a dissolution of the DAO and not merely a liquidation, hence my phrasing to include the word dissolution here as well.

I am fine adding that other language under Vote to Dissolve Passes, however, I don’t think it’s necessary since the current language is fully ambiguous and would allow for any mix (only 721s, some ERC 20s, some CTZN, none of the above, Senators, contributors, etc.)

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For those not in the discord or who missed it on X, please vote!

https://snapshot.box/#/s:kong.eth/proposal/0xbd8661485431152dd8feb11fad4f70e6fdefa1df5b4824930ea04a4002da6367

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Hi I’m unable to vote (voting power 0) even though I have the NFT. Any idea why?

Address is 0xBBBbcAe234a13b84373121ef47BFE5F1aEbCd14B

@jaytee I took a look and couldn’t locate a signature for the Charter at Founding Charter – do you recall ever signing this from this address? Unfortunately you can’t sign retroactively for this vote (your CITIZEN voting power is frozen once a proposal is posted), however, you would be able to vote on future Snapshots.

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Ok thanks, I think I signed using one of my other addresses but will need to dig that up. Anyway I signed again using the current address holding the NFT.

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