Generation 1 - Torrino DAO
Treasury
Treasury Overview
Every NFT holder is a voting member of Torrino DAO, as defined in the Brown Paper. The DAO mission is to create value for the entire NFT collection ecosystem in the long term and protect collection value from short-term speculative dynamics such as pump-and-dump schemes.
The DAO Treasury is the core of this strategy and an essential tool to ensure the solidity and longevity of the entire ecosystem. Funds raised through minting are managed according to the DAO Manifesto and can be used to acquire digital assets and emerging collectibles within the Solana ecosystem, as well as other crypto assets compatible with the reference blockchain.
The Treasury address is public and verifiable on-chain, allowing anyone to monitor the composition and evolution of assets in full transparency.
The DAO Treasury is not only strategic, but also measurable in economic terms. The Book Value of each NFT represents, in abstract terms, the equivalent value in USDC that each NFT would receive if the DAO were dissolved, all Treasury assets were liquidated, and proceeds distributed proportionally among all NFT holders based on the number of tokens held in their wallets.
This approach makes Torrino DAO collections not only original artistic projects, but a structured ecosystem where utility, governance, and economic value coexist transparently and verifiably.
Collection
NFT Collections
Torrino DAO NFT collections develop across two complementary generations.
Generation 1 — Torrino DAO
Generation 1, called Torrino DAO, consists of 500 NFTs inspired by a stylized gecko, a universal symbol of good luck enriched by talismans from different cultures. This first collection defined the visual and conceptual identity of the project, laying the foundations of the DAO and its governance model.
Generation 2 — Solnauta
Generation 2, called Solnauta, consists of 888 NFTs and introduces a more playful, dynamic graphic interpretation: stylized sharks with unique colors, outfits, and accessories. While expanding the visual imagination, Solnauta maintains stylistic and conceptual continuity with the first generation.
Together, the two collections represent the artistic and structural evolution of Torrino DAO, uniting visual identity, governance, and on-chain value within a single ecosystem. Check the NFT Dashboard to see the current value of each NFT based on the DAO Treasury.
HUB
Access the Torrino Hub
Torrino Hub is the central access point to the Torrino DAO ecosystem. It is designed to be saved and consulted regularly, because it gathers all the fundamental DAO resources in one place.
Here you will find instructions to join and participate in Torrino DAO, direct access to dashboards, links to connected projects, and all the essential information to navigate the ecosystem. The Torrino Hub is the primary and always up-to-date reference for those who want to stay aligned and have everything at hand.
Enter the Torrino Hub
History
The Torrino Journey
This section retraces the key milestones that led to the birth and evolution of Torrino DAO, from the early phase to the development of the two NFT collections. It is a historical overview of the project, while current updates and initiatives are shared mainly through official channels, especially the Torrino DAO Discord.
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1
March 2023
Conceptualization and development of the brand identity, including name, logo, and visual style.
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2
April 2023
Definition of specifications for artwork files, metadata, and rarity attributes.
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3
May 2023
Definition of smart contract features for minting, ownership transfers, royalties, and secondary market transactions. Smart contract testing to identify and fix vulnerabilities or bugs.
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4
July 2023
Community building: launch of the official website and social media accounts to engage enthusiasts.
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5
September 2023
Minting process of the entire Gen 1 collection based on target audience, with whitelist and public sale.
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6
October 2023
Formation of the DAO architecture, NFT listings on Magic Eden and Tensor, and raffles for followers.
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7
November 2023
Transfer of all minting funds and strategic assets into the DAO Treasury and establishment of the Governance Council (GC).
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8
January 2024
Exploration of collaborations with other Solana NFT projects to increase collection visibility.
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9
March 2024
Definition and planning of the Gen 2 NFT collection project.
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10
July 2024
Launch and listing of the Gen 2 collection.
Manifesto & Brown Paper
Governance & Framework
Manifesto
- A Decentralized Autonomous Organization (DAO) called Torrino DAO is set up among all the owners of a Torrino NFT Collection.
- Torrino DAO is a digitally native organization operating on a community-based ownership model deployed with Solana smart contracts.
- Each Torrino NFT owner is a Torrino DAO member.
- DAO Manifesto regulates how DAO works and operate.
- Purpose of the DAO is to preserve and protect the value and consistency of its treasury in a long term prospective.
- Seventy percent of funds, collected from NFT minting process, will represent the initial endowment of DAO treasury.
- Only DAO members have the power over the destination of DAO treasury.
- Torrino DAO exists exclusively on Solana blockchain, therefore if Solana blockchain ceases to exist then Torrino DAO will also cease to exist too.
- Torrino DAO is led by a Governance Council (GC) which has the function of supervising and guaranteeing compliance with Manifesto among all DAO members.
- Governance Council presents the improvement proposals (IP) to DAO for their approval in order to allow the achievement of the provisions of article 5.
- To be approved any IP must obtain at least an approval quorum of 51% of all rights to vote.
- One right to vote is obtained for each NFT held.
- Only natural persons or representatives of legal entities with proven competence and experience in the field of collectibles can be appointed as members of GC.
- GC must be composed of a minimum of two to a maximum of seven members.
- Each member of GC has only one per capita right to vote.
- GC resolutions must be approved with at least 2/3 of the total per capita rights to vote.
- GC members must be categorically DAO members.
- Upon creation of the collection, first two members of GC are nominated directly by development team of Torrino NFT Collection.
- Each IP must have at least an unrestricted voting time of two days.
- Each member of GC can propose the expulsion of another member of the GC for indecorous or hostile behavior; the decision of GC about the expulsion of one of its members, if approved by the other members of GC, must be approved by DAO with at least an approval quorum of 51% of all rights to vote.
- GC may propose the appointment of a new member of GC to DAO with at least 2/3 of the consent of the members of GC. DAO members must approve the appointment with an approval quorum of 51% of all rights to vote.
- GC appoints the Guardian within its circle, who has the function of supervising compliance with the rules established by DAO Manifesto and, if necessary, is free to propose to DAO additional IPs necessary for the achievement of article 5.
- Guardian ceases to function upon voluntary resignation, in the event of sudden death or if all remaining members of the GC request his replacement via IP and DAO confirms with at least an approval quorum of 51% of all right to vote.
- All IPs are based on Solana blockchain, however the call to vote can also be mentioned on social platforms like Twitter or Discord.
- GC must receive a symbolic annual refund for its duties which is decided through an online consultation between all DAO members.
- GC can appoint a Collectibles Specialist Panel (CSP) consisting of a minimum of three and a maximum of ten DAO members.
- CSP has to provide guidance, analysis and suggestions to GC in order to help him achieving with the provisions of article 5.
- GC decides independently if and how CSP can be reimbursed for its assistance role.
- Composition of CSP is variable and depends on the needs of GC: only DAO members with proven knowledge of crypto markets can be appointed as members of CSP.
- In the event of force majeure or by the unanimous will of GC, DAO can be dissolved forever by releasing all its members from compliance with DAO Manifesto after dividing its entire treasury into pro-quota parts in favour of all Torrino NFT holders.
- Any DAO Manifesto provisions can be modified or integrated by DAO with at least an approval quorum of 51% of all rights to vote.
- Only GC has the authority to propose changes or integrations to DAO Manifesto with at least an approval quorum of 2/3 of all rights to vote.
- English is the only authorized language for IP drafting.
Brown Paper
- Torrino DAO is a digitally native organization operating on a community-based ownership model deployed with smart contracts on the Solana blockchain.
- Torrino DAO is governed by its Manifesto.
- Torrino DAO is based on two distinct Solana NFT collections: Gen1 and Gen2.
- Gen1 is an iconic collection of 500 NFTs named Torrino NFTs.
- Gen2 is an elegant collection of 888 NFTs named Solnauta by Torrino DAO.
- Anyone who owns at least one NFT becomes a Torrino DAO member.
- Each DAO member holds voting rights within Torrino DAO.
- Each NFT carries a single voting right.
- DAO members decide via on-chain voting which and how many Solana-based digital assets to acquire using DAO Treasury funds, with the goal of ensuring and protecting the value of the Gen1 and Gen2 NFT collections.
- The DAO Treasury represents the full set of digital assets obtained through minting Gen1 and Gen2.
- Digital resources raised from Gen2 minting will be used primarily to acquire and hold a strategic tBTC position within the DAO Treasury; however, these resources may also be used to buy Solana BTC perpetuals via decentralized exchanges (DEX), subject to an approval quorum of at least 50% of all Torrino DAO voting rights.
- The Torrino DAO Governance Council (GC) holds veto power over decisions to buy Solana BTC perpetuals via DEX.
- Voting procedures to express consent on DAO Treasury digital asset purchases are established by the Governance Council, which decides by absolute majority of its members.
- The book value of each Gen1 and Gen2 NFT represents, in abstract terms, the equivalent value in stable-like digital assets that each NFT would receive if the DAO Treasury were dissolved and the digital assets distributed among all Gen1 and Gen2 holders, proportionally to the number of NFTs in their wallets and in accordance with a permanent conversion rate (PCR) between the two NFT collections and the DAO Treasury.
- The calculation method and value of the permanent conversion rate are published and available in a dedicated section of the Torrino DAO Discord server.
FAQ
Questions & Answers
Which Are The Risks You Run If You Buy A Torrino NFT?
Solana NFTs are in a constant state of change, with holders' expectations shifting frequently. There is no guarantee whatsoever that Torrino NFT collection will be successful or that its price will remain stable even with the support of DAO Treasury. NFTs are volatile and uncertain, their prices can be also hit by heavy impact in others blockchain failures or by hostility of new laws passed by international regulators. You should buy a Torrino NFT exclusively for the pleasure of owning a unique digital artwork and to be a Torrino DAO member, while those who buy it for speculative purposes are in fact making an insane risky bet.
Does It Make Sense To Buy A Torrino NFT?
The collection was conceived to fully satisfy the three structural features of every successful NFT collection: originality, rarity and utility, however it is precisely utility that makes the collection attractive and different from many others, thanks to the presence of DAO Treasury that has the ambitious goal of protecting the value of the entire collection over time.
Which Is the utility of a Torrino NFT?
Whoever owns a Torrino NFT becomes a Torrino DAO member, DAO Treasury represents the supporting pillar of the entire NFT collection.
How is DAO Ruled?
The functioning of DAO is specified inside DAO Manifesto, only holders of a Torrino NFT can take part during voting session.
How Many Votes Are Assigned During A Voting Session?
Each NFT held corresponds to one voting right, therefore, whoever owns five NFTs then holds five voting rights and so on.
Who Has The Power To Move Treasury Funds?
This power is reserved exclusively to DAO, which expresses itself with the vote on the destination of the resources proposed by GC with the support of CSP. The transfer of treasury funds is regulated by a smart contract which is activated only in the event of an approved vote.
What Quorum An Improvement Proposal [IP] Must Have To Be Approved By DAO?
At least 51% of the voting rights is required, if this is not achieved the proposal is rejected and no transfer of funds can be performed.
How Can I Know the balance Of DAO Treasury?
Treasury Address is public on Solana blockchain, therefore anyone can check it, furthermore the calls to vote and all the operations concerning the treasury are available on our Discord server.
Can I Apply To Be Appointed As GC Member Or CSP Member?
DAO members can apply to be appointed as GC member or CSP member in compliance with the provisions of DAO Manifesto, however considering that there could also be intrusion attempts [raids] by tricksters and bandits, the applications are examined by GC with veto power and subsequently proposes for last approval to DAO.
How To Apply For Governance Council?
Applications must be published in the relevant section of Torrino DAO Discord Server and must allow the personal identification of the proponent thanks to Twitter Blue Verified Badge or else Linkedin profile.