🏠Governance and DAO

Governance and DAO at Gachaz NFT

Introduction to Decentralized Governance

Gachaz NFT is committed to establishing a decentralized governance model, empowering our community to have a significant say in the platform's future. This is achieved through our Decentralized Autonomous Organization (DAO), a pivotal element in the governance structure of Gachaz NFT.

The Role of DAO in Gachaz NFT

  • Community Empowerment: The DAO empowers GCC holders to participate directly in decision-making processes, ensuring that the platform evolves in alignment with the community's interests.

  • Operational Decisions: DAO members will have a say in critical decisions, including the use of the treasury, fee structures, and the introduction of special gacha games for marketing.

Launch and Participation

  • Inception in 2024: The DAO is scheduled to commence operations in 2024, marking a significant step towards full community governance. We aim to raise the enough fund structure to do the prooer contract audit by then.

  • Participation Criteria: To participate in the DAO, users must hold Gacha Coin (GCC). The influence of each member in decision-making is proportionate to their GCC holdings. And minimum amount to hold Gacha to participate in DAO will be decided later.

Key Functions of the DAO

  • Treasury Management: DAO members will have a role in deciding how the platform's funds are utilized, ensuring transparency and alignment with community interests.

  • Fee Structure Decisions: The DAO will have the authority to propose and vote on changes to the platform's fee structure.

  • Special Game Proposals: Members can propose and vote on the organization of special gacha games, playing a crucial role in the platform's marketing and user engagement strategies.

  • Any other off-line events: As long as fund allows, the DAO can propose to hold the off line events.

How DAO Works

  • Proposals and Voting: DAO members can submit proposals for various aspects of the platform. These proposals are then put to a vote, with decisions made based on the majority consensus of GCC holders.

  • Transparent and Autonomous: The entire process is conducted transparently on the blockchain, ensuring autonomy and fairness. Snapshot or similar platform to be used.

The Importance of DAO in Gachaz NFT

  • Decentralized Decision-Making: By involving the community in governance, Gachaz NFT ensures that the platform remains user-centric and adaptable to the needs of its users.

  • Long-Term Sustainability: DAO plays a critical role in ensuring the long-term sustainability and growth of Gachaz NFT, aligning the platform's development with the evolving interests of its community.

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