TL;DR

• They already have a $CISLA token, however because juicebox doesn’t support custom token, they decided to launch $PLMTR token for just fund raising, and exchange to $CISLA later
• They’d like to control the price of the token, instead of 1million/ETH
• One part is missing on juicebox is the governance process, they want to have a solution that have both fund raising & governance together ideally
• it was about having a referral option so we could implement a reward system based on this, I know we won't have it for our DAO, but might be a useful takeaway for a future development

Background of crypto island DAO

The project was originally started by the founder to tokenising physical/real estate space, and later they land on the idea of decentralise an island and allow the island to be self-governed;

The plan is to buy an island, and then use the governance token ($CISLA) to decide on the operations. https://www.cryptoisland.com/

They did went through the process of setting up the legal entity via a trust fund, where a lot of people can co-own the island. Also already did the launch of $CISLA token, and had a market cap of $2.2 million.

However that’s not enough capital to purchase the island, and they want to find ways to get more attraction, so decided to go with DAO;

Stages: