DAO Voting Mechanism

Proposals
1

As launch day quickly approaches, we want to make important decisions regarding the DAO, and who is able to vote on proposals. This is intended as a discussion to decide between two different voting mechanisms.

Token-based: 1 token = 1 vote

In 1 token = 1 vote governance, an individual holders voting power is directly proportional to the number of tokens they hold. So, if a token holder has 2% of tokens, they have 2% of the total available voting power.

vs

Authorized wallet voting: 1 authorized wallet = 1 vote

In 1 authorized wallet = 1 vote governance, the voting power is the same for every wallet on the allow list.

Any thoughts, or ideas are welcome!

Thanks,

Adam (DEGEN)

2 Likes
2

+1 for Authorized wallet voting: 1 authorized wallet = 1 vote

I like the idea of everyone having an equal vote, but I’m very new to DAO’s… Take my suggestion lightly pls :relieved:

1 Like
3

Strongly in favour of Token-based: 1 token = 1 vote

I think that it should be a right of the token holder / community member to have a larger stake in the the governance process based on their commitment to the outcome of the project.

2 Likes