Ross Ulbricht founded Silk Road, introduced hundreds of thousands to crypto, and received a disproportionate prison sentence of two lifetimes plus 40 years. Today we unite in solidarity for Ross, gathering funds to buy his Genesis Collection, and protesting the injustices of the American prison system.
Stand against injustice. Free Ross.
⚠️ The auction has ended, don't send further contributions.
PleasrDAO has seeded the FreeRossDAO multisig with 240 ETH (~$1mm) symbolizing Ross’s sentence. PleasrDAO will donate an additional 240 ETH each time the total amount raised hits a multiple of 2,400 ETH. PleasrDAO will continue contributing if FreeRossDAO gets outbid until PleasrDAO hits its secret max donation.
Following a successful bid, Trippy will lead the DAO as Chief Freeing Officer. The DAO will use leftover funds raised to free Ross and advance prison reform. All proposals, decisions and actions will be made as a like-minded community of souls around the world 🕊.
If FreeRossDAO wins the auction, the NFT will be fractionalized into $FREE and distributed pro-rata, weighted by contribution. $FREE will represent governance rights within FreeRossDAO and a fractional part of the “GENESIS COLLECTION” NFT.
If FreeRossDAO wins the auction with a bid less than the contributed ETH, the leftover funds will be held in the treasury, governed by FreeRossDAO and available for future impact.
If FreeRossDAO has fewer than 4,000 individual contributors, $FREE will be distributed by bulk transfer, with the DAO paying all gas for the transfers.
If FreeRossDAO has more than 4,000 individual contributors, $FREE will be distributed by Merkle Airdrop, which will cost each contributor ~0.04 ETH at 200 gwei.
If FreeRossDAO loses the auction, contributions will be available for full redemption via a Merkle Airdrop, which will cost each contributor ~0.04 ETH at 200 gwei. Any refunds not claimed after 7 days will be donated to FreeRoss.org.
Once the bid to acquire the Genesis Collection succeeds, contributors will receive $FREE tokens in return for their contributions pro-rata, serving as both fractional pieces of the Genesis Collection as well as FreeRossDAO’s governance token. Holders of $FREE can vote on proposals and contribute to the direction of FreeRossDAO.
Trippy and a future DAO council will create proposals, and the multi-signers below will execute approved proposals.
What happens if I send tokens besides ETH?
Do not send FreeRossDAO other assets. All other assets will be considered a donation to the DAO’s treasury—to be governed by FreeRossDAO—and are not eligible for pro-rata fractions or a refund.
Is there a minimum or maximum contribution?
There is no minimum contribution, but be aware that in the event that FreeRossDAO has more than 4,000 individual contributors or in the event that the DAO loses the auction and offers refunds, contributors must be willing to pay ~0.04 ETH in gas to claim their $FREE or refund, respectively.
What happens if the NFT is sold via the Fractional.art auction?
In the case of the NFTs selling, everyone will want to claim their ETH in exchange for their $FREE tokens, at which point we will distribute a new token with the sole purpose of governance for the DAO treasury.
Disclaimer: You are making a contribution to the FreeRossDAO. This contribution is intended to help Free Ross, and potentially others who are similarly situated. You acknowledge $FREE tokens are intended to represent fractionalized pieces of the “Genesis Collection” NFT which allow voting within the FreeRossDAO. You have no expectations other than doing the right thing.
The FreeRossDao and all FreeRossDAO related activity is performed by members of FreeRossDAO. The mission statement, opinions expressed and ultimate actions of FreeRossDAO is undertaken by members of FreeRossDao and those who are sympathetic to FreeRossDAO. For the sake of clarity, Ross Ulbricht is not a member of FreeRossDAO, has not contributed to FreeRossDAO and has no authority over the FreeRossDAO in general or its mission statement, membership, website, discord, twitter or activities.