1. How to nominate a coffee shop?
After you’ve completed your purchase, visit https://coffeeshopdao.com/nominate. Follow the prompts to connect your wallet, and you can then nominate a coffee shop.
2. Why was Coffeeshopdao.com created?
- The coffee shop industry is one of the most impacted by the coronavirus pandemic.
- Even with restrictions being lifted, the industry now struggles with staffing issues.
3. What coffee shops qualify?
- What constitutes a coffee shop that needs help?
- Any coffee shop struggling due to the coronavirus pandemic, labor shortages, natural disasters, or other circumstances beyond its control can be nominated for assistance.
- Are coffee shops vetted?
- Yes, we will verify the coffee shop’s name and location (city/state) and confirm they are not a chain coffee shop with more than 5 locations.
4. Who decides which coffee shops are awarded the donation?
Coffee shops with at least 100 nominations will receive donations. 50% of the charitable donation from each NFT purchase goes to the nominated coffee shop. The other 50% will be placed in the Coffee Shop Support Fund, and DAO members will vote to determine where these funds will go.
5. What is a DAO?
A DAO (Decentralized Autonomous Organization) is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed-upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited.
6. How does DAO voting work?
When the CSF reaches $10,000, the community (NFT owners) will vote on which coffee shop will each receive funds. Coffee shops will also receive $2,500 out of the fund for every 100 nominations. Once voting begins, community members will have 7 calendar days to place their vote.
7. How do coffee shops get paid?
After the voting has ended, ViciNFT will award the winning coffee shop the funds based on the Coffee Shop agreement.
8. Can a coffee shop win more than once?
No. We want to ensure that each coffee shop has a fair shot at support However, a coffee shop can continue to receive nominations, entitling them to 50% of the charitable proceeds from the nomination/NFT purchase.
9. What wallets are supported?
MetaMask and Magic wallets are supported. If you don’t have a digital wallet, simple instructions on setting up a Magic Wallet are provided after your purchase.
10. Can it be traded/gifted?
Yes, you can gift upon checkout when entering wallet information.
11. Is there a purchasing cap?
We limit each order to 100 NFTs, but you can place as many orders as you want.
12. What do you get with your purchase?
- For each Coffee Shop Support NFT you purchase, you can nominate a coffee shop in need (US-based only) and place a vote in the DAO. Your NFT is dynamic and will regularly update to display the total amounts raised for both the Coffee Shop Support Fund and the shop you nominated.
- Coffee Shop Support Fund
80% of net proceeds go into a Coffee Shop Support Fund controlled by the DAO. When the CSSF reaches $10,000, the DAO will vote on which coffee shop will each receive funds.
- Nominate Shops in Need
Purchase an NFT and nominate a coffee shop you’d like to support. For every 100 nominations, a shop will receive $2,500 from the Coffee Shop Support Fund.
- Join the DAO
Each NFT you own is a DAO vote, and the Coffee Shop Support Community will decide which shop will receive assistance. Visit our FAQ to learn more.
- Dynamic NFT
The NFT image will update to show Coffee Shop Support Fund progress, such as total funds raised, how the shop you nominated is progressing and when DAO voting will occur.
13. Can I change my coffee shop choice after purchasing?
Votes can’t be changed once placed. However, you can purchase additional NFTs to vote for a different coffee shop.
14. Will we know what the coffee shop does with the money?
Yes, we ask that coffee shop post what they do with the funds on Social media.
15. Can I nominate more than one coffee shop?
You can nominate one coffee shop with each order. To nominate a different coffee shop, you can place a separate order.
16. Where can I see a list of the nominated coffee shop?
View nominated restaurants at https://coffeeshopdao.com//community
17. When/How are winners announced?
Winners will be announced on the webpage and published on the blockchain. When the CSF reaches $100,000, the community (NFT owners) will vote on which two coffee shops will each receive $50,000. Coffee shops will also receive $2,500 out of the fund for every 100 nominations. Once voting begins, community members will have 7 calendar days to place their vote.
18. Do I have to vote for the coffee shop I nominated?
No. Once voting is open, you can vote for any nominated coffee shop.
Need assistance? Email us at email@example.com, and we will get back within 24 business hours.