“If you want to go quickly go alone, if you want to go far, go together.” African proverb
How does the process work?
To become a member of BanyanDAO you must complete a membership proposal on DAOhaus, our governance platform.
This involves a few steps but once you are ‘in’ you can then make your own proposals as well as voting on others. Voting is integral to the effective governance so please make sure you vote when a proposal has been made. (These will be notified via Discord).
Instructions for Creating a Membership Request
Step 1: Setting up a Wallet
The first step is to get your wallet out in order to fill it with some xDAI. In case you have not got a wallet, click here for set up instructions.
Step 2: Obtaining wxDAI
The key ingredient for a membership (or any other) proposal on DAOhaus is 0.01 wxDAI which is equal to US$.01
NB - Don’t miss the instruction that says to keep a small portion of xDAI in your wallet to pay for the small gas fees we pay on proposal transactions.
Step 3: Apply to be a Member
So, you have wxDAI, and a little xDAI in your wallet? Make sure your wallet is set to Gnossis chain and then follow this Loom video to make your proposal.
NB. Once you have successfully made the proposal, let a few of your contacts within the DAO know so they can go and vote.
What’s next?
All proposals have a 5 day voting period and a 2 day grace period. Assuming your proposal is supported you will be a member after this time, able to vote on proposals and exchange your Coordinape tokens for shares.
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