- DAO
Chainverge's Decentralized Autonomous Organization (DAO) is a foundational pillar of its ecosystem, ensuring that decision-making is transparent, democratic, and truly represents the interests of its community. The DAO oversees the development and direction of all Chainverge products, from games to DeFi offerings. Vote here: https://www.chainverge.net/dao
Proposal Initiation:
Community Proposals: Any member of the Chainverge community can propose changes, new features, or developments related to any product.
Formal Submission: Proposals are formally documented and submitted to the DAO for consideration.
Preliminary Review:
DAO Committee: A smaller committee within the DAO reviews the proposal for feasibility, potential impact, and alignment with Chainverge's vision.
Feedback & Refinement: The committee might provide feedback, after which the proposer can refine and resubmit the proposal.
Community Discussion:
Open Forums: Before voting, proposals are discussed in open community forums, allowing for a broader range of feedback and perspectives.
Refinements: Based on community input, further refinements can be made to the proposal to ensure it's in the best interest of the entire community.
DAO Voting:
Voting Period: A specific timeframe is set for the community to cast their votes.
Token-based Voting: Voting power is typically proportional to the number of Chainverge tokens (CVE) a member holds. The more tokens, the more weight a vote carries.
Transparent Tallying: Votes are tallied transparently using blockchain technology, ensuring no manipulation.
Decision Implementation:
Approval Threshold: Proposals need to achieve a certain threshold (e.g., a simple majority or a supermajority) to be approved.
Execution: Once approved, the Chainverge team and community collaborators work on executing the proposal, whether it's a new feature, a change, or the development of a new product.
Feedback & Iteration:
Post-implementation Review: After the decision is implemented, there's a review period to assess the impact and effectiveness of the change.
Continuous Improvement: Based on real-world results and feedback, further refinements or changes can be proposed and the cycle begins anew.
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