FAQ
What is SquiggleDAO? What is the purpose?
Building a more colorful and prosperous future for generative art’s signature collection.
What does the DAO promise?
To unite people through a shared passion and appreciation for the Chromie Squiggle to learn, connect, and benefit from the continued growth of the art; creating a more valuable and equitable future for Squiggles.
What is a DAO?
DAO stands for Decentralized Autonomous Organization. DAOs are community-owned organizations with ownership tokens living on the blockchain.
What is the long-term goal?
The DAO has two long-term goals:
- Promote the Chromie Squiggle and showcase its relevance in culture.
- Acquire as many Squiggles, including rarer types, as possible for the DAO treasury, making it the largest collection of publicly viewable Squiggles in the world.
- Recent example of #1 is the above mural we commissioned for ETH Denver.
- Recent examples of #2: We are regularly acquiring Squiggles each month. And we made a flagship acquisition last December, completing a $1 million floor sweep.
What’s the history of SquiggleDAO?
SquiggleDAO started in March 2021 when a group of five people came together in their common appreciation for the understated Chromie Squiggle. The five people each donated Chromie Squiggles into a multi-signature wallet that became the DAO. The DAO coordinated using a new ERC20 that called $SQUIG, our governance token. The distribution of the token is:
- DAO Treasury: 50%
- Genesis Team: 10% (5% distributed, 5% remaining via DAO approval)
- Community Airdrop: 5%
- Bounty Program: 5%
- Public Distribution: 30%
Everyone who joined the Discord by 4/11/2021 received the 1000 SQUIG airdrop. The DAO also ran a hugely successful series of Squiggle donation rounds in their first year that has led to its current collection size of 271 Squiggles. The DAO continues to facilitate donations and actively monitors buying opportunities.
More of our exploits can be found in the SquiggleDAO Times.
How do I join the DAO?
We encourage everyone curious about joining the DAO to start by joining the Discord.
There are currently two ways to qualify for full membership:
- Hold a Chromie Squiggle: Let us help you buy one
- Hold 1000 $SQUIG: Uniswap
We see a future where SquiggleDAO is way too big to limit its membership to just Squiggle holders. With our new Squiggle Grants program, we’re attracting new talent to contribute and earn $SQUIG with us – it could be you! Squiggle Grants recipients are not the only people earning $SQUIG, we also use the DAO’s $SQUIG to compensate all our members’ contributions.
What is $SQUIG and where do I get it?
$SQUIG is an ERC20 token that was created to represent ownership in and governance of the DAO. Any member of the DAO can make a proposal and bring it to a vote. All members of the DAO can earn $SQUIG for their contributions through bounties, and regular contributors can earn $SQUIG monthly through Coordinape. $SQUIG is also used by the DAO to purchase Squiggles for its collection.
$SQUIG tokens are the coordination mechanism at the core of SquiggleDAO. The purpose of this token is to enable the members of the DAO to participate in DAO governance. One $SQUIG = one vote. https://squiggledao.gitbook.io/squiggledao-community-guide/dao-governance/the-squig-token
If you would like to buy or sell $SQUIG, there is a SQUIG/ETH pair on Uniswap. The $SQUIG contract address is 0x373acdA15Ce392362e4b46ED97a7feEcD7EF9EB8
What does SquiggleDAO hold in its treasury?
Collecting Chromie Squiggles is one of the core activities of the DAO, and our Squiggle collection is currently at 271, including many rare and sought-after specimens. We also hold $SQUIG, ETH and other assets to help ensure that the DAO can continue carrying out its mission long into the future.
We have a dashboard here that shows all the SquiggleDAO treasury holdings.
Does SquiggleDAO sell Chromie Squiggles? Is $SQUIG redeemable?
While we enjoy assisting and educating potential Squiggle buyers, the Squiggles in our collection are not for sale. $SQUIG is our governance token and cannot be used to redeem for Squiggles from our treasury.
What is the historical significance of Squiggles?
You can read about the history of Chromie Squiggles here. In short, Squiggles hold a special place in the history of both crypto art and generative art. Many influential collectors have identified three landmark stages of generative art on the blockchain:
- CryptoPunks: first-ever generative art project on a blockchain
- Autoglyphs: first-ever generative art project on a blockchain with the art stored on the blockchain
- Chromie Squiggles: the first-ever on-chain generative art project that used a transaction hash to generate the variables that determine the art
Squiggles also have the distinction of being the genesis project of the Art Blocks platform and the first NFT project created by Erick Calderon, aka Snowfro.
I am looking to buy a Squiggle, does SquiggleDAO help with that?
We love helping out potential Chromie Squiggle buyers! We have a whole channel called #buy-a-squiggle dedicated to educating and offering guidance to Squiggle shoppers in our Discord, where anyone can come ask questions. This is a service that we happily offer to the public, not just DAO members.
Where can I get an animated gif/hi res png of my squiggle?
Because each Chromie Squiggle is vector art, they can be scaled to any size without a loss of quality. You can use the tool here to generate a png or animated gif of any size. Here are the correct values for Squiggles:
What’s SquiggleDAO’s relationship with Art Blocks and Snowfro?
Erick Calderon, aka Snowfro, is the visionary who created both Chromie Squiggles and the Art Blocks platform for new generative art. Erick is also a wonderful human being who has used his status and influence to raise millions for worthy charities.
Although all of us at SquiggleDAO are fans of Art Blocks and the wonderful art that comes out of it, we are a separate entity with no direct affiliation.
We are in constant communication with Snowfro to ensure that our activities are aligned with his vision for Squiggles. That being said, he is careful to not exert too much influence over the DAO because he doesn’t want the DAO to be seen as a way for him to sell his art and influence price.Why are Squiggles mints paused? Why mint?
The Chromie Squiggles contract allows for 10,000 Squiggles to be minted. When the rate of new Squiggle mints started climbing rapidly in early 2021, Snowfro decided to pause minting so that he could reserve the last 1,000 unminted Squiggles to mint at his own discretion. Since then he has minted them for friends and workers of Art Blocks, and for charities and promotional events. The current number of unminted Squiggles is 375, and Snowfro stated he intends to allocate the remaining unminted Squiggles by end of 2022.
