🏦Governance
The governance of our ecosystem is entrusted to a DAO, where Sp3ll Token holders can influence key decisions. The DAO structure ensures that the development and growth of the ecosystem are community-driven, transparent, and democratic.
Functions of the DAO:
Proposals and Voting: Token holders can submit proposals for new games, features, or ecosystem enhancements and vote on significant changes, such as development priorities, and feature implementations, are decided through a community vote.
Fund Allocation: The DAO oversees the distribution of funds within the ecosystem. A preliminary screening process conducted by the team ensures that proposals meet certain criteria before they are presented to the community. Once a proposal passes this initial review, token holders vote to determine the allocation of funds, effectively supporting projects that align with community interests and goals.
Priority Setting: The community has the power to influence the development roadmap by voting on which games and features should be prioritized based on collective needs and preferences. This ensures that the most desired and beneficial projects receive attention and resources. Additionally, the DAO decides on the implementation of new features, tools, and integrations that enhance the ecosystem, ensuring continuous improvement and innovation driven by community consensus.
Governance Rewards: To foster active participation, the DAO offers incentives for token holders who engage in governance activities. Those who vote and contribute to proposal discussions are rewarded, encouraging more people to participate and recognizing their contributions to the ecosystem’s growth.
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