15. DAO Formation
15.1 The Defenders DAO aims to revolutionize the concept of decentralized communities within the Metaverse. Unlike many existing projects that often lack long-term sustainability or vision, Defenders DAO is committed to establishing a self-sustaining ecosystem that mimics real-world economic and social structures. Our objective is to create five independent cities, each with its own DAO, generating passive income, and providing various opportunities for its members.
A New Paradigm in Metaverse Governance and Economic Models:
BichonDefender DAO: A Cohesive and Sustainable Metaverse Ecosystem
While many Metaverse projects struggle due to a narrow focus on isolated communities without robust utility and self-sustaining mechanisms, BichonDefender DAO aims to build a cohesive system. Each city within the BichonDefender Metaverse operates autonomously, yet remains interconnected through shared events, economic opportunities, and strategic collaboration. Our model surpasses the typical Metaverse scope by ensuring that every city has:
Autonomy and Self-Governance:
Each city’s DAO has full control over its treasury, game structure, and reward systems. Through a decentralized governance model, community members vote on major decisions, ensuring that power remains in the hands of the people. This fosters a sense of ownership and responsibility among participants.
Economic Independence and Passive Income:
Cities can generate income through diverse mechanisms such as play-to-earn models, staking opportunities, and by offering goods and services within the Metaverse. This allows the DAO’s treasury to grow over time, providing members with passive income through revenue-sharing models, encouraging active participation and engagement.
Sophisticated Competitive Structure:
Each city hosts weekly tournaments, leading to monthly and national-level competitions. This Olympic-style format encourages healthy competition and consistent engagement while offering significant rewards to top players and their supporting communities. This structure ensures that cities remain vibrant and active hubs of activity.
Player Representation and Contract System:
Players are integral assets within the ecosystem. Their skills and social influence hold real value, allowing them to sign contracts with cities, act as free agents, or be represented by agents. This creates a dynamic and open marketplace for talent recruitment and transfers, promoting a thriving economy within the BichonDefender Metaverse.
Comprehensive Advertising and Promotion Opportunities:
Both players and cities can advertise their talents, services, and offerings within the Metaverse. This platform enables players to maximize their earning potential through sponsorships and endorsements, while cities can promote their unique features to attract top talent. This synergy enhances the visibility of cities and empowers players to grow their personal brands.
15.2 Emphasizing True Decentralization and Security:Unlike traditional projects where participants are wary due to the risk of scams and inadequate security, Defenders DAO prioritizes safety and transparency at every level:
Advanced Wallet Security: The Defenders wallet is designed with multiple layers of protection, smart contract monitoring, and compartmentalized asset management, ensuring that funds are safe from unauthorized access or malicious attacks.
Deflationary Token Model: All game rewards and transactions are tied to a deflationary token system, where winnings are burned, reducing supply and increasing value over time. This ensures that the token retains its value and supports long-term growth.
15.3 Creating a Living Metaverse with Five Independent Cities:Each of the five cities within the Defenders Metaverse will operate as independent entities, each with its unique identity, governance structure, and economic model. Cities will compete, collaborate, and grow based on the participation and engagement of their residents. By establishing clear guidelines for governance and creating a robust infrastructure for economic growth, Defenders DAO will set the standard for what it means to build a self-sustaining community in the Metaverse.
15.4 Strategic Governance and First Order of Business:The formation of the Defenders DAO will focus on the following key areas:
i. Electing a Board of Governors and Executive Team:A small group of elected representatives will oversee the initial operations, guiding the DAO through its early stages and establishing rules and regulations.
ii. Defining Game Governance and Rewards Allocation:The first order of business will be to establish the rules for game governance, including how weekly and monthly rewards are distributed, and how the prize pools for each city are managed.
iii. Creating a Transparent Proposal and Voting Mechanism: Members will be able to submit proposals for improvements or changes, which will be reviewed and voted upon regularly. All decisions will be implemented transparently, with regular updates shared with the community.
iv. Ensuring Community Representation and Inclusivity:The DAO will prioritize fair representation, ensuring that all voices are heard, and all members can contribute to the growth of their respective cities.
15.5 Governance Structure of the Defenders DAO
i. Establish the Defenders DAO Governance Structure
Roles and Responsibilities:
a. DAO Members:
i. All token holders are considered members of the DAO.
ii. Members have voting rights based on their token holdings.
b. Board of Governors:
i. Comprises senior members elected to oversee high-level decisions and ensure DAO integrity.
ii. Responsible for reviewing proposals, recommending strategies, and managing the DAO treasury.
iii. Serves as an intermediary between general DAO members and the executive team.
c. Executive Team (e.g., President/Chairman, Treasurer, Secretary):
i. Manages day-to-day operations, implements approved proposals, and communicates with the community.
ii. Responsible for tracking voting outcomes, managing financial records, and ensuring transparency.
d. Proposal Review Committee:
i. A sub-group of members tasked with evaluating proposals before they go to a vote.
ii. Ensures that proposals are clear, feasible, and in alignment with the DAO s objectives.
1.2 Responsibilities of Board Members:
a. Review and approve major proposals that affect the game's structure, reward system, and financial allocations.
b. Manage the voting process and ensure that rules are followed.
c. Serve as a tiebreaker in case of tied votes (details on the tie-breaking mechanism).
d. Allocate resources and manage the treasury based on approved proposals
ii. Proposal and Voting Mechanism
Proposal Submission Process:
a. Proposals can be submitted by any member holding a specified minimum number of governance tokens.
b. Proposals must include:
i. Purpose and scope.
ii. Expected impact on the community or game.
iii. Financial and resource requirements
iv. Implementation timeline.
c. All proposals are initially reviewed by the Proposal Review Committee to ensure they meet submission criteria.
Voting Process:
a. Voting Period: Proposals are open for voting for a set period, typically 7 days.
b. Votes are weighted based on the number of governance tokens held by each member.
c. Proposal Approval Threshold: A proposal is considered approved if it receives a majority of votes (e.g., 50% + 1) or meets a specific quorum based on total governance tokens.
Tie-Breaking Mechanism: If there is a tie in the voting results, the following procedure is used:
a. The Board of Governors reviews the proposal and casts the deciding vote.
b. If the Board is also tied, the Chairperson or designated Tiebreaker (usually the most senior member) makes the final decision.
Regular Voting Cycles:
a. Frequency of Voting on Proposals: Proposals are collected and put to a vote once per month.
b. Urgent or time-sensitive proposals can be voted on through an emergency session.
iii. DAO Membership and Compensation
Membership Size and Composition:
a. Initial Board of Governors: 5-7 members to ensure enough members for varied perspectives and a smooth voting process.
i. The odd number prevents tie issues at the Board level.
ii. General DAO Membership: Open to all governance token holders. Governance tokens can be obtained through participation, contribution, or direct purchase.
Compensation for Board Members:
a. Board Member Compensation: A fixed monthly stipend in BDF tokens or a percentage of the DAO s treasury growth (e.g., 1-2%).
b. Compensation for participating in special sessions or emergency meetings.
c. Executive Team Compensation: Higher compensation tier, as they handle daily operations.
d. Performance-based bonuses tied to the growth and success of the DAO.
Term Limits and Rotation:
a. Board Members:
i. Serve a term of 1 year, with a maximum of 3 consecutive terms.
ii. Chairperson/President:
iii. Serves a term of 2 years, with a maximum of 2 terms.
b. Term Rotation: Staggered terms to prevent a complete turnover in leadership at any given time.
iv. Treasury Management and Fund Allocation
Initial Treasury Allocation: The treasury will be funded through a portion of the game's revenue, NFT sales, and airdrops.
Funds are allocated for:
a. Game rewards and prize distribution.
b. Operational costs and compensations.
c. Community initiatives and project developments.
Treasury Allocation Mechanism: Any allocation of treasury funds above a specified amount (e.g., $5,000 USDT) must be approved through a DAO vote.
Smaller allocations can be managed by the Executive Team under the Board's oversight.
v. Implementation of Proposals
Proposal Implementation Steps:
a. Once a proposal is approved:
i. The Executive Team is responsible for outlining a detailed implementation plan.
ii. The community is informed of the implementation timeline and steps.
iii. A follow-up vote can be held to assess whether the proposal's objectives were met.
b. Tracking and Reporting:
i. Regular updates are shared with the community.
ii. A final report is presented once the proposal is fully implemented.
vi. Community Engagement and Growth
Proposal Submission from the Community:
a. Eligibility to Submit Proposals:
i. Members must hold a minimum number of governance tokens to submit proposals (e.g., 100 BDF tokens).
b. Proposal Evaluation and Voting: Proposals that receive positive feedback in preliminary discussions can be submitted for formal voting.
Community Reward Programs: Establish rewards for active participation, such as providing feedback or helping with the implementation of approved proposals. Introduce community contests and incentives to encourage new ideas and contributions.
vii. First Order of Business for the Defenders DAO: The first proposal for the DAO should address the governance of game competitions and player rewards. This includes:
Defining Game Structures:
a. Setting rules for weekly, monthly, and national competitions.
b. Clarifying player responsibilities, expectations, and how they can represent their cities.
Player Promotion and Social Media Engagement:
a. Establishing a standard for player promotion, including social media engagement and branding within the Metaverse.
Reward Allocation for Winning Cities:
a. Deciding how cash prizes are distributed within the winning city's community.
b. Establishing guidelines for how the city's prize pool should benefit community members holding governance tokens.
This structure provides a comprehensive foundation for forming the Defenders DAO and ensuring it is equipped to govern the BichonDefender game and community effectively. Adjustments can be made as the community evolves and new requirements arise.
Last updated