Memberhsip tokens
The UWBO DAO utilizes a two-token system to incentivize participation and ensure the quality of proposals:
Initiative Token (INT):
o Function: Allows members to propose agenda items and raise questions for community consideration.
o Distribution: Awarded to paying members with a fixed allocation per membership tier. This ensures a balance between open participation and proposal quality.
o Burn Function: Proposals require burning a certain amount of INT tokens, discouraging frivolous submissions and promoting well-considered ideas. This burn mechanism helps maintain the overall quality of proposals within the DAO.
Voting Token (UWB):
o Function: Grants associations the right to vote on proposals submitted to the DAO.
o Distribution: Issued to member associations, with the number of tokens potentially based on factors like association size or industry representation. This ensures a fair and representative voting system.
Last updated