Jenny Metaverse DAO Token UJENNY Price N/A

Jenny is the first Metaverse DAO to be built on Unicly. It will build one of the most amazing 1-of-1, collectively owned NFT collections in the world.

Jenny DAO members consists of some amazing NFT collectors, artists, creators, projects, funds, influencers, and talented individuals across the globe. The DAO will pool funds into the DAO’s treasury, which will be used to acquire NFTs for the uJENNY NFT collection. The initial roster for the DAO, along with its first NFT, will be announced in the coming days.

The DAO is planning to launch uJENNY on Unicly on approximately 2pm GMT on Thursday, May 13.

How Jenny Works

ELI5: Jenny is a decentralized organization that will buy NFTs over time to grow a collection through the Unicly protocol.

The specifics:

All NFTs that Jenny DAO acquires will be a unique 1-of-1 piece that has never been minted into the market.

Jenny DAO members (uJENNY token holders) will govern the DAO’s treasury, and decide on which NFTs to buy. The funds in the treasury will be used to acquire NFTs over time. The treasury will be controlled by a multi-sig smart contract.

The Jenny DAO will use the decentralized Unicly protocol to mint the uJENNY token, a uToken on Unicly. The Jenny DAO’s NFT collection will be governed using the Unicly protocol’s smart contract. The holders of uJENNY tokens will gain social and governance rights to the Jenny DAO.

All of the NFTs acquired by the DAO will be added to the uJENNY collection on Unicly.

The NFT collection will be locked in the Unicly protocol’s smart contracts. As with any other uToken collection on Unicly, the NFTs will only be unlocked if enough uJENNY holders vote to unlock the collection. For the Jenny DAO’s collection, the threshold percentage for unlocking the collection will be set to 50%.

Those who acquire enough uJENNY tokens will gain membership to the Jenny DAO, and gain access to all of the Jenny Community’s groups and channels.

The Unicly community may at its own discretion offer to whitelist the uJENNY collection. If this occurs, Jenny DAO members will have the opportunity to provide liquidity and mine UNIC, the governance token of the Unicly protocol.