tl;dr// Settle the previous auction to start a new 18 minute auction for your own Family Noun! One Family Noun = one vote in Family DAO. 


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Meet FamilyDAO

FamilyDAO is membership organization that offers grants to support women and families in web3 and beyond!

Bid on one or many who remind you of yourself or your family members!

When you buy a Family Noun you become a member of FamilyDAO with the power to submit proposals for how the funds raised are spent and also vote on other proposals.

The mission of FamilyDAO is to fund initiatives that support families. We use the word “family” with the broadest possible interpretation inclusive of all types, shapes, and sizes.

One Family Noun = One vote!

Learn more at our website: https://familydao.love 
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Bidding and Settling 101

**Settlement starts the next auction, anyone can settle the previous auction

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When an auction ends, a gas-only transaction is required to start the next auction and mint the current FamilyNoun to the winners wallet. As gas price fluctuates, the cost of settlement also fluctuates.

// Settlement gas price of every 9th FamilyNoun is higher. This is due to the transaction also triggering 2 free FamilyNoun mints: The FaNounders mint and The Nouns DAO mint.

Bidding: -Once an auction starts, everyone has 18 minutes to bid. 
-Anyone can bid an amount at/above 0.18 eth. 
-The Amount bid is returned to bidder if they lose the auction (minus gas spent on bid transaction).

// Bids at the very last minute increase the auction time. Sometimes, multiple bids are sent at the same time. This may result in bids coming in and winning an auction at the very last minute/seconds (irrespective of time increase).


Bid Refunds: -Unsuccessful bids are refunded in full. -The timing of refunds may be offset by 1 bidder.


//This means that a refund is processed for an unsuccessful bid, when a higher bid is submitted. 

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We can’t wait to have you join the Family! https://familydao.love