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Mechanism

GokuMarket governance mechanism is created keeping in perspective the ease and inclusivity within the community. Here are a few approaches on how the Governance Mechanism would work:
  1. 1.
    Anyone can pledge GMC for becoming a DAO member.
  2. 2.
    All DAO members receive revenue share from the fees collected in Swap, NFT sales, etc.
  3. 3.
    Anyone can create a proposal by spending 1000 GMC
  4. 4.
    Anyone who had minimum 5 GMC in their decentralised wallet at the start of voting period ( at block when proposal was created) are eligible to vote. Voting doesn't cost any GMC to user.
  5. 5.
    ​Snapshot will be used to verify the wallets with minimum GMC at the block when the Proposal was created ( start of voting).
  6. 6.
    Top 9 pledgers are called directors, once pledged you can unpledge GMC only after their respective pledged duration of 30/60/90/120 days are completed.
  7. 7.
    Any proposal to be approved must be voted by a minimum of 5 current Foundation members.
  8. 8.
    DAO Foundation is a permanent member of DAO and would receive 5% of the total revenue collected by DEX & NFT.
  9. 9.
    DAO Foundation list will be provided (i.e. wallets)