base.101.cy

base.101.cy
A collective coworking/hackerspace at the heart of Limassol!

This is an open call to establish a collective physical space, where we can collaborate and experiment with innovative models of ownership, governance, and social impact! 

We are in negotiations with an ideal space in Limassol historical center (which even has a small backyard for evening BBQs🔥). Stay tuned for the opening party🎉!

What is this all about?

• This is an initiative to establish a collective coworking/hackerspace in Limassol to be the local experimentation base for creative collaborations.
• We strive for the collective to be an inspiration for its members and to have a positive impact on the society.
• We commit to think and act on the principles of Being excellent to each other, Do-ocracy, and Transparency.
• This is a continuation to previous hackerspace initiatives, namely #hack66 in Nicosia, Limassol Hackerspace, and LambaSpace in Thessaloniki.
• This initiative is also an experimentation with collective decision-making and ownership models powered by blockchain DAOs (Decentralized Autonomous Organizations).
• The founding members are not making any profit, they will purchase a membership at the standard rate, and have an equal decision-making power like all other members of the DAO.

Why should I join the coworking/hackerspace?

• You will be part of the local collectively-operated tech hub, meet techie/arty/crafty people, and discover new communities and projects.
• You can claim a quiet place to do your own work, but also start/join collective initiatives such as hosting/attending events, developing Open Source/Hardware projects, launching startups...
• You can ask questions and find help for something you want to build, showcase your projects, and invite collaborators.
• ... did we mention there will be a BBQ🙃?

How will the collective take decisions and manage finances?

• Decisions will be made by all participating members on a 1-member-1-vote basis via the DAO.101.cy, built on Harmony NFT membership tokens, Aragon, and the zero-transaction-fee Snapshot voting platform.
• We are using OpenCollective for managing our funds with transparency, where you can find all donations and receipts for expenditures. We also plan to setup a legal entity and open a collective bank account.

Bootstrapping budget 

• We estimate that we need about 12 memberships, valued initially at 100€/month, to ensure we can sustain the space for the first year. These memberships are issued annually to make financial management easier.
• Once we reach the bootstrapping budget, any excess funds will be managed by the collective decision-making body: the DAO. One of the proposals is to distribute them evenly back to the members, eventually reducing the membership fee to around 50€/month.
• You can pledge your annual membership via the Financial Contributions section below. Please note that during checkout the platform pre-selects an additional 15% donation for OpenCollective; feel free to adjust according to your budget. If possible, prefer bank transfers over card payments in order to avoid the 17€ processing fees.

Sustainability model

Do you accept corporate sponsorships?

Budget breakdown

• 400€ space renovation costs
• 1,800€ workspace equipment (~12 people, 150€ per dedicated desk)
• 500€ space equipment (coffee machine, cleaning prods, toiletries, decoration...)
• 100€ blockchain fees and IT infrastructure operational costs
• 1,000€ deposits for rent, utilities

• 700€ monthly rent
• 250€ monthly utilities

What if this initiative cannot reach the bootstrapping budget?

Membership NFT token

A glimpse of the collectible NFT tokens for DAO members and supporters!