The mechanism that separates contribution from speculation.
πͺ The Design Principle
π BLTBY
π EQTBLT
Capital flows in
Value stays in
Tradeable investment token
Soul-bound equity token
Market-determined price
$1 redeemable value
External liquidity
Internal governance
π― Core Insight: You can buy a stake in Built By DAO. You cannot buy power over it. Voting weight must be earned.
The Problem with Single-Token DAOs
Most DAOs use one token for everything: investment, voting, rewards, speculation. This creates predictable failure modes:
Problem
What Happens
π° Plutocracy
Whales buy voting control
π Mercenaries
Contributors dump tokens instantly
π€ Value extraction
Speculators extract faster than builders create
π Volatility
Governance depends on market mood
Built By DAO solves this with two tokens, two purposes.
Token Flow Overview
Key insight: Money flows in through BLTBY. Governance power flows through EQTBLT. They connect at contributionβthe only way to convert financial stake into voting power.
π The Investment Token
BLTBY is how capital enters the ecosystem. It's a standard ERC-20 tokenβtradeable, liquid, market-priced.
Property
Value
π Standard
ERC-20
π Max Supply
7,000,000,000
π’ Decimals
18
π Network
Base (Ethereum L2)
π Mint Cap
5% per year
β° Mint Lockout
365 days between mints
What BLTBY Does
Use
Purpose
π Investment
Stake in DAO growth
π Proposal staking
2 BLTBY to submit proposals
π³ Payment
DAO services and fees
π§ Liquidity
DEX trading pairs
What BLTBY Doesn't Do
BLTBY cannot buy voting power.
You can own a million BLTBY tokens. Your governance influence remains zero until you contributeβcomplete tasks, pay rent, participate in governance. Only then do you earn EQTBLT, which carries voting weight.
This is the firewall against plutocracy.
Security Features
Feature
Purpose
π Immutable
Non-upgradeable for DeFi trust
π Dual control
Minting requires MINTER_ROLE + MULTISIG_ROLE
βΈοΈ Emergency pause
Transfer halt during exploits
π Hard caps
5%/year, 365-day lockout
π The Equity Token
EQTBLT is Built By DAO's internal currency. It cannot be boughtβonly earned. It cannot be transferredβonly spent within the ecosystem.
Property
Value
π Standard
Modified ERC-20 (soul-bound)
π Supply
Unlimited (reflects real activity)
π’ Decimals
0 (whole units)
π Network
Base (Ethereum L2)
π€ Transferable
No
How EQTBLT is Earned
Method
Mechanism
π¨ Task completion
Complete work on the platform
π Rent payments
7-12% of rent converts to EQTBLT
π³οΈ Governance
Active voting participation
π Training
Complete certifications
Every EQTBLT represents actual contribution to the organization. No exceptions.
What EQTBLT Does
Use
Purpose
π³οΈ Voting weight
Balance determines governance power
πͺ DAO spending
Spend at whitelisted businesses
π Service redemption
Redeem for services (tokens burn)
π Rank progression
Activity contributes to rank
The Soul-Bound Design
EQTBLT cannot move between wallets:
From
To
Allowed
System
Your wallet
β (minting)
Your wallet
Burn
β (spending/redemption)
Your wallet
DAO contract
β (services)
Your wallet
Another person
β
This prevents a secondary market. You cannot sell your voting power. You cannot speculate on someone else's contributions.
βοΈ The Dual-Token Solution
The two-token system solves fundamental DAO coordination problems:
Problem β Solution
Problem
Single-Token Result
Dual-Token Solution
Plutocracy
Rich buy control
BLTBY can't buy votes
Mercenaries
Contributors dump
EQTBLT can't be sold
Extraction
Value leaks out
EQTBLT stays in ecosystem
Funding
No capital mechanism
BLTBY provides investment
Volatility
Governance swings with price
EQTBLT decoupled from market
The Firewall
The X is the critical feature. There is no bridge from capital to control.
Who Holds What
Participant
BLTBY
EQTBLT
Investor
β High
βͺ Low/None
Contributor
βͺ Low/None
β High
Renter
βͺ Low/None
β Growing
Active Member
β Variable
β High
The people with the most operational stake (contributors, renters) accumulate the most governance powerβregardless of their financial position.
π« Identity and Investor NFTs
Beyond the two tokens, Built By DAO uses NFTs for identity and investor benefits.
Note: Investor voting multipliers apply only to EQTBLT holdings. No EQTBLT = no voting power, regardless of investment size. Total voting power is capped at 4Γ regardless of multiplier.
flowchart TB
subgraph External["External Capital"]
INV[/"π° Investors"/]
DEX[/"π± DEX Trading"/]
end
subgraph BLTBY["π BLTBY Token"]
BANK["BLTBYBank"]
INVEST["Investor NFT Mint"]
end
subgraph DAO["Built By DAO"]
TREASURY["ποΈ Treasury"]
WORK["π¨ Tasks & Work"]
RENT["π Rent Payments"]
GOV["π³οΈ Governance"]
end
subgraph EQTBLT["π EQTBLT Token"]
MINT["Earned & Minted"]
VOTE["Voting Power"]
end
INV -->|"Purchase"| BANK
INV -->|"Purchase NFT"| INVEST
DEX <-->|"Trade"| BANK
BANK -->|"Funds"| TREASURY
INVEST -->|"Funds"| TREASURY
TREASURY -->|"Pays for"| WORK
WORK -->|"Earns"| MINT
RENT -->|"7-12% converts"| MINT
GOV -->|"Participation earns"| MINT
MINT -->|"Powers"| VOTE
VOTE -->|"Controls"| TREASURY
External Capital Internal Governance
| |
v v
BLTBY ----X---- cannot ----X---- EQTBLT
| purchase |
v v
Investment Voting Power
Liquidity Equity Share
Services Rank Weight