I will treat the weak with kindness. I will face the mighty foe bravely. I will stand against sinners without reservation . I will fight for those who cannot fight. I will help those who need my help. I will not hurt women and children. I will help my knight brothers, I will treat my friends faithfully, I will treat love sincerely, I will protect the MUSK knight club with all my heart, and contribute to it and save more knights!

The musk rider DAO aims to dismantle centralised control, follow Elon Musk's technological development and provide funding and start-up teams for riders pursuing the same goals.

The 100 Knight Pledges who hold NFT are gentlemen.

These people can submit proposals to the DAO, but cannot influence the vote. Any KNT pledger other than a gentleman can vote. Voting is based on token shares.
These proposals should be made for investment requests that meet all or most of the following criteria for the agreement.

- Against centralization

Support Elon Musk related projects

- Further decentralization
- Promote WEB3 development

The DAO can then vote on whether they think the investment should be awarded. There is also a burning mechanism that can be used as an incentive.

For every 50 ETH of KNT raised, 5Eth are burned and 45Eth go into investment agreements or causes.

The investment tokens are reallocated according to the proposal and the entire allocation is exchanged for KNT tokens at an agreed payout rate .


50% of the knight is immediately sent to the destruction wallet, the other 45% is distributed to the warrior (KNT holder) 5% to the gentleman (NFT holder)

What is KNT?

KNT is DAO's community governance token knight, and the base tool for the MUSK Knights Club to distribute benefits to manage community members, and can be traded on a decentralized exchange, incurring a 1%fee per transaction

What is BKNT?

BKNT is simply a working token for KNT. When you pledge KNT to the DAO, you will receive BKNT, which can be exchanged at any time for the amount of KNT you originally pledged, as well as any rewards given to the DAO during the time period you have BKNT unaffected.

 

 

BKNT is not transferable and cannot be acquired by any means other than pledging KNT. You can check the balance in your wallet by adding a BKNT contract address.

 

To submit a proposal to the DAO, you must have the help of a gentleman. Only they can submit proposals, unless you are a gentleman with an NFT yourself.

Project Name
Whether there is a direct or indirect relationship with Elon Musk (Elon Musk-related priority)

Investee Agreement.
45 ETH investment provides a percentage of the total supply.

Token Economics
Audit of tokens and any contracts if established


Burning and distribution plan

To submit a proposal, you must access the Pledge app from your desktop device on app.knight and click on the Proposal option at the top. This will take you to the Proposals page where you can view pending and closed proposals (successful and failed) as well as submit your own proposal (if you are a gentleman). If you are not a gentleman, you will need to hire a gentleman to help you and submit on your behalf. The proposal system deploys after the token fundraising is complete, and the prep work is ready to go, and new additions will be made after the more detailed operational process is deployed!

After the end of the public offering, members with a casting whitelist can access the NFT mint platform on the MUSK Knight Club website to cast their own NFT (limited to 100), the cost of mint NFT will flow to the DAO treasury, of which 50% will be bought back to destroy KNT and 50% as community marketing costs

Staking KNT is the basis of the entire agreement. Largest Stakeholders (KNT Holders) When a project proposal is successful, an agreed percentage of 50% of the project's grant to DAO will be repurchased for destruction tokens, 45%will be converted into KNT dividends for warriors, and then another 5%will be distributed to gentlemen.


The more active the warrior is, the higher the community participation in voting on good proposals, the more rewards will be eventually sent to the pleder and the higher the price of the tokens will be.

Staking KNT is the basis of the entire agreement. Largest Stakeholders (KNT Holders) When a project proposal is successful, an agreed percentage of 50% of the project's grant to DAO will be repurchased for destruction tokens, 45%will be converted into KNT dividends for warriors, and then another 5%will be distributed to gentlemen.
The more active the warrior is, the higher the community participation in voting on good proposals, the more rewards will be eventually sent to the pleder and the higher the price of the tokens will be.

 

Gentleman NFT is as a symbol of the Knight Club identity proposal tool also has the rights and interests of user transactions limited to 100, the community NFT is later uploaded to the DAO community by DAO members themselves DIY after review, we will help you publish and market your NFT.

Is the mechanism of MUSK Knights Club influenced by the market?
We are not influenced by the market, because we have our own profitable products in addition to providing funds for people with common goals, and these products are jointly managed and jointly benefited by the riders of the DAO community.

We will overthrow the traditional financial system through the governance of DAO, and build the WEB3 industry belonging to each rider while acting as a decentralized venture capital institution