⛓️DAO Governance
MoveGPT's Decentralized Autonomous Organization
Governance Introduction
For the purpose of supporting decisions on the development and direction of the project, the MoveGPT DAO is the vehicle. It serves as the hub for organizing community members around crucial choices and directing their efforts to support or oppose any changes.
Each member of the MoveGPT DAO has capacity for contributing his or her thoughts and influencing how our products are built, what path they take, and a host of other technological matters.
Visit MoveGPT's DAO:
How to become a DAO Member:
The process of joining the MoveGPT DAO begins with users acquiring the MGPT token. This means that to become a member with some influence on the platform, users only need to possess and lock MGPT tokens in exchange for veNFT with veMGPT voting power.
Acquire MGPT tokens
Lock MGPT and receive veMGPT
Join the MoveGPT DAO
MoveGPT DAO Fund Explained
The MoveGPT DAO controls its treasury. Initially, this fund will remain locked.
DAO members wield complete authority over the timing, manner, and purposes for which these tokens will be utilized by engaging in the creation and voting on proposals. In alignment with the decentralized ethos, no fundamental constraints will be imposed on their usage.
Learn more about MGPT token economics (click here).
Voting
Voting is a fundamental feature accessible to every member of the MoveGPT DAO, irrespective of their financial resources. It's a basic right granted to all community members.
To ensure that voters engage in quality decision-making processes rather than making hasty assumptions, the voting mechanism has been intentionally crafted. Each account is permitted to submit only one vote per proposal, and this vote cannot be altered once it has been initially locked in.
Creating a Proposal
To submit a proposal to the DAO, members must achieve VIP tier 6th status by acquiring veMGPT.
Here's how to create and submit a proposal:
Visit the proposal creation page at . Select a clear and informative title that accurately reflects the proposal's objectives and desired outcomes. Craft a concise description that clearly communicates the proposal's purpose, benefits, and any necessary details. Provide multiple options for DAO members to consider, ensuring a comprehensive approach to decision-making. Once the proposal is finalized, submit it to be deployed on-chain. Please ensure that your proposal adheres to the guidelines and requirements outlined by the DAO.
Note: When a proposal is created, a snapshot is taken of all MGPT stakers and their corresponding voting power at that specific moment. Any subsequent increase in token staking by individuals will not affect their voting power for existing proposals, even if those proposals are still active.
Proposal Process
When you submit a proposal, there is a 12-hour wait period before DAO members vote. Proposals typically have a 3-day or 72-hour expiration period, but for more complex or significant proposals, deadlines may be extended to allow for more in-depth consideration and discussion.
Proposal Conclusions
The option with the largest percentage of Members' support will be implemented.
Implementations may not always be immediate, so it is important to mention the different time horizons when thinking about proposals.
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