FAQ

To be updated as we receive commonly asked questions...

Why does Taurus Luminus Genesis have a DAO? Some say DAO 'struggles' on Cardano...we don't agree or certainly don't believe it can't work. Whilst the genesis collection may form the foundations of the society, guarantee a direction in the project and most importantly provide white list for Taurus Luminus X, unlike some traditional passes we wanted to develop something that could provide regular returns of ADA from day 1.

Is there a 'White List' for the Genesis collection? Yes - although it does not guarantee you a mint, Taurus not picked up by Crest & Dollar holders will be made available to the white list on first come first serve basis.

How much do we start with/When is payout/How long is the portfolio open for?

Roughly 25% of the mint will be initially put into the portfolio - Payout of "profits" will be approx end of the month (we are open to adjusting based on community votes). - This can't go on forever...so we are initially proposing the portfolio is open for no more than 12 months (the community may vote in favour of closing early) at which time all remaining NFTs will be sold and divided amongst all society members.

How do we buy/sell NFTs? Ideally we hope to develop a native script with AI DEV- With 'nominated' members of the clan having access to be able to buy/sell ONLY ( unable to withdraw ADA) -- this will allow the process to be faster - however this will initially be done manually - whilst we get used to the concept and see if it works. Clans will each have their own method of choosing - they may choose to hold votes, they may choose to consult none crest holders but ultimately it will be the crest holders who give the green light on which orders they place. Initial Buying Orders During the first month - Crest holders most 'agree' or vote in favour of which NFTs from other projects they wish to buy. If it from existing projects then we will need 24 hours notice. If it is from new/upcoming mints - we will do OUR BEST to receive a WL or pass from that project. We believe moving forward projects will be happy to hand us a WL or pass. We will do our best to try and secure the NFT. Initial Selling Orders If a clan wishes to sell NFTs it has invested in - we will need to see that the seat holders vote in favour of this - they will then be sold within 24 hours. Profit can either be re-invested or held for a payout at the end of the month. When the native script is active - this process will be faster. How much can each clan invest All clans will initially have the same amount each 'Investment epoch' - but will be adjusted each epoch. We will notify you how much (you can save it up) each clan has to invest that epoch. For example during our first investment epoch each clan will have up to 1000 ADA * (dependant on mint) to invest. If they choose to only invest 500 ADA that epoch - then that 500 ADA will be carried over to the next epoch with an additional further investment provided (the further investment will always be the same amount for each clan).

When is the payout/How much etc? Payout will be approximately every 6 Cardano epoch. If you are holding a Taurus at the end of that epoch - you will receive a payout of any profit made during that investment period. Each Taurus is worth the same share, with an additional equal share being paid to the winning clan that month (6 Epoch).