DAO Governance
About the DAO Tokens and WSHARE in Governance
The DAO Governance system is the heart of GetonGlobal’s decentralized ecosystem, empowering the community to make impactful decisions while fostering active participation. Through the use of DAO tokens, users gain voting power and proportional ownership in the WSHARE Governance Pool, driving transparency, fairness, and shared success.
Role of DAO Tokens in Governance
DAO tokens are integral to the governance model, offering users:
Voting Power: Each DAO token represents a vote, giving users the ability to participate in decision-making. Voting ensures the community collectively shapes the future of GetonGlobal and its features.
Proposals and Voting:
Standard Voting Model: Each voter locks a fixed amount of DAO tokens to cast their vote.
Weighted Voting Model: Users can lock additional DAO tokens to increase their voting power, reflecting their level of interest and investment in the proposal.
Proposal Lifecycle: Proposals remain active for 72 hours. At the end of this period, the DAO tokens locked by the proposers and voters are returned with an additional 20% incentive to encourage participation.
Flagging Offensive Proposals: To maintain integrity, all proposals include an option to flag offensive or malicious content. Flagged proposals are reviewed, and if deemed inappropriate, are automatically removed or closed through smart contracts.
Example of Flagging Process:
A proposal is flagged by multiple users for violating community standards or containing offensive content.
The smart contract tallies the flags. If the number exceeds a predefined threshold, the proposal is automatically marked and closed.
Once reviewed, flagged proposals may be closed, and the locked DAO tokens blocked.
Earning DAO Tokens
DAO tokens are not limited to governance activities; they can also be earned by engaging with the ecosystem:
Liquidity Node Engines: By utilizing the WaveSwaps Liquidity Engines, users can earn additional DAO tokens while contributing to the ecosystem’s stability by using the feature.
Profit Centres and WSHARE Governance Pool
The ecosystem’s revenue streams—called Profit Centres—span across various features of GetonGlobal and WaveSwaps, generating fees that sustain the platform. These fees are distributed through the WSHARE Governance Pool, ensuring fair and proportional rewards for DAO participants.
50% Initial WSHARE Allocation: Half of the WSHARE supply is initially distributed to eligible ecosystem supporters, granting them decision-making rights and ownership stakes. These holding wallets establish a network of liquidity providers on decentralized exchanges (DEX).
These holders can propose how accumulated incomes from profit centres should be utilized—either withdrawn as rewards or added to DEX liquidity pools.
This initial allocation ensures that the ecosystem is governed effectively, with participants actively managing and enhancing liquidity.
49% WSHARE Allocation for GetonGlobal DAO: The GetonGlobal DAO Community, comprising users who import their token holdings, owns 49% of the total WSHARE supply. This represents a significant stake, allowing the community to propose and vote on the use of accumulated fees.
Fee Management and Distribution:
Until changes are proposed and approved, fees collected in native network currencies or other tokens are transparently injected into the DAO liquidity pool.
This ensures the ecosystem's long-term stability while providing tangible benefits to all participants.
Starting Price and Public Sale: The starting price of 1 WSHARE is 10,000 USDC, and sales are already open to the public. This model offers effective ownership of the entire ecosystem, providing decision-making rights and revenue-sharing opportunities for all stakeholders.
Benefits of DAO Governance
Participating in DAO governance offers:
Revenue Sharing: DAO token holders receive proportional rewards from the WSHARE Governance Pool based on their activity and engagement.
Ecosystem Influence: Propose and vote on key changes, ensuring the platform evolves in alignment with community interests.
Enhanced Stability: By collectively deciding how to manage fees and liquidity, users help secure the platform’s future for all participants.
Incentives for Activity: Voting and proposal participation are rewarded with 20% additional DAO tokens, promoting consistent engagement.
How to Participate
Connect your MetaMask wallet to the DAO section in the dApp.
Access the DAO Governance options, which includes active proposals, profit centres, and voting options.
Use your DAO tokens to propose changes or cast votes on active proposals.
Earn rewards and help shape the future of the GetonGlobal ecosystem.
[Explore the DAO Voting Section in the dApp]
DAO Governance at GetonGlobal is more than a mechanism—it's a community-driven foundation for growth, stability, and shared success. By participating, you ensure that your voice is heard and that you actively contribute to the ecosystem’s evolution.
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