Governance
Dankverse Governance Model
Dankverse DAO
Dankverse DAO (Decentralized Autonomous Organization) will play a big role in the governing part of the entire governance of Dankverse. Dankverse DAO will be composed of all Dankverse's citizens, and it will operate under a decentralized community principle. All citizens of Dankverse will have the right to vote and govern matters related to Dankverse, which is including but not limit to holders of DANK token, Dankverse Land NFT and passport.
The Council
In the early stage of development, the council will be made up of six Dankverse knights, which will be gradually transferred to the community as the project progresses.
Election of The Council
In order to elect members of The Council, Dankverse Land NFT and passport holders may nominate individuals for a position on the Council and delegate their votes to the nominees. Candidates for membership of the Council must be proposed before the election deadline, followed by a formal voting period of 72 hours to select the most suitable for the platform management role.
Council Allowance
Initially, Dankverse DAO will manually pay allowances to Council members at the end of the Council era. If any Council members are delisted before the end of the Council era (in this case, the delisting operation requires sufficient votes from the Council), they will only rececive an allowance in proportion to their serving time on the Council during that Council era.
Quadratic Voting
The mechanism, that is quadratic voting, is aiming to reduce the voting rights of large voting holders, and to reduce the manipulation of capital over the entire ecosystem.
Variables of system configuration that can be changed include but not limited to:
Parameter Management
Market Cost
Capture Mechanism
Update LP pool mortgage ratio
Issuing a new market
Update the interest rate model of the market
Update the address of the oracle
Withdrawal of protocol reserve
Configurable Council Members
Meta-governance
Under some circumstances, the decision of the The Council can be changed. Any meta-governance proposal needs to be decided unanimously.
Short-term Roadmap
Epoch
Epoch is collectively known as the different stages of Dankverse's early development. The following are the possibilities of the initial development for Dankverse:
Epoch 1: SubDAO of Creator Motivation
In Epoch 1, Dankverse will set up a decentralized creator DAO with portions of vault fund to motivate creators, which aims to run as an incubator for motivating the most innovative architects, scenes and event experiences creators. This creator DAO will support creators who are eco-positioned matched and reward them for their efforts to build ecosystems.
Epoch 2: SubDAO of Investment Incubator
In Epoch 2, Dankverse will set up a decentralized investment incubator DAO through portions of vault fund, which will be designed to operate as an incubator for motivating the most innovative Web3 public goods. This DAO will support early projects that meet chain-irrelevant visions, focusing on a large number of innovative new-era asset classes, including data-driven tokens, NFT, etc. Thus, create an ecosystem that is not subject to interoperability through Dankverse Ecosystem, grow with the most innovative projects, and jointly expand market dividends.
Through the Dankverse Governance Mechanism, the adoption of a completely decentralized incubator allows community members to democratically distribute funds and applicable resources to projects chosen by the community. Allowing decentralized decision-making mechanisms to support projects that are considered to be the most innovative and have the highest growth potential.
In addition, vault assets, income from investment and start-up projects will be stored in the vault, which the distribution of revenue will be carried out through the UBI mechanism.
Epoch 3: SubDAO of Multi-chain Self-assessment Tax
In Epoch 3, Dankverse will establish the infrastructure of multi-chain self-assessment tax transaction market, which aims to encourage the property right system of the radical market in metaverse, and invest in public infrastructure.
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