💎Chapter 4: DAO

Cryptopia platform strictly implements a DAO governance model, all Cryptopia NFT holders form the platform DAO governance organization, which has 100% platform governance rights. In the future, CPI holders will earn some governance rights by launching a market referendum to decide the development direction of the platform, income distribution rules and other strategies.

The Cryptopia DAO is an organization of DAOs maintained by trusted authentication nodes that exist to make it easier for others to acquire a Web3 identity in the Cryptopia ecosystem. The Cryptopia DAO's technology is designed to help Cryptopia become a self-sustaining utility: an unlicensed digital public resource, accessible to all with tension-resistant possibilities, and DAO members who are at the same time recipients of Cryptopia's ecological benefits.

4.1 DAO Governance Significance

Cryptopia DAO takes the DAO pool allocation tilt and revenue yield as bargaining chips to promote DAO governance organization to be built better and faster, which means that the platform and users become a highly bound community of interests, and the platform side gives priority to making interest commitments and gives the right to formulate revenue distribution rules to users, in order to realize that (the platform belongs to users, User maintenance platform) vision.

4.2 Cryptopia DAO Governance Participants

A trusted validator node with secure participation in DAO governance.

Any user who has a Cryptopia DID identity: They can obtain a DID identity by pledging CPI to get the votes needed to participate in DAO governance.

4.3 Cryptopia DAO Governance Rights

Proposal rights, granting permission to create and maintain proposals. Voting rights, used to vote for or against existing proposals.

4.4 Cryptopia Governance Proposal Process

Promoters make suggestions on the Cryptopia discussion board for a week by the community. If there are no objections, the proposal will proceed to a final step called the "voting stage."

The user pledges the CPI to get the VeCPI for voting, and when a quorum and percentage of votes are cast, the resolution will be passed and executed.