DAO

Introduction

VERV DAO is a Decentralized Autonomous Organization (DAO) that forms the backbone of the VERV ecosystem. It is designed to foster innovation, collaboration, and shared decision-making among its stakeholders. As a DAO, VERV operates on the principles of transparency, decentralization, and inclusivity, ensuring that all stakeholders have a say in its operations and future direction.

What is a DAO?

A Decentralized Autonomous Organization (DAO) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial transactions and rules are maintained on a blockchain, making it transparent and resistant to censorship.

Staking and Vesting Requirements

To ensure the long-term commitment of its stakeholders and protect the organization from short-term manipulation, VERV DAO has implemented a 12-month vesting period for newly purchased tokens. Additionally, a 12-month lock-up period is applied to staked tokens, during which they cannot be withdrawn or sold.

Gradual Staking and Caps

To prevent the concentration of power, stakeholders can only stake up to 0.5% of their total token holdings at once. Furthermore, no individual or entity can stake more than 2% of the total token supply.

Multi-signature Approvals and Governance Delay

Critical decisions, including changes to the DAO's governance structure or constitution, require multi-signature approval from at least 66% of the total voting power. A 4-week delay is also implemented between the decision-making and execution phases, allowing the community time to react and counteract any potentially harmful actions.

KYC and AML Procedures

All token holders who stake more than 0.5% of the total token supply must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) verification procedures. This ensures transparency and prevents bad actors from participating in the DAO.

Active Community Engagement

VERV DAO promotes active community engagement by offering incentives such as staking rewards, governance tokens, and other benefits for contributing to the organization's success.

Dispute Resolution Mechanisms

A multi-stage dispute resolution process, including mediation, arbitration, and ultimately a community vote if necessary, is established to address conflicts and issues that may arise within the DAO.

Emergency Shutdown Mechanism

An emergency shutdown mechanism can be triggered by a supermajority vote of 85% of the total voting power in case of severe attacks or threats to the DAO. This mechanism protects the organization's assets and allows for recovery and reorganization if necessary.

Stakeholder Levels and Experience Table

VERV DAO has established a stakeholder levels system, where each level comes with different permissions, rights, grants, and benefits within the scope of the DAO. The levels range from “Shadow” (Level 0) with no permissions or rights, to “Trailblazer” (Level 10) who has the highest level of influence in governance and strategy decisions and the ability to shape the vision and direction of the DAO.

Level	Avatar	Name	Staked Tokens per Activation	Weight
0		Shadow ❌ Vote ❌ Propose ❌ Private Channels	0	0
1		Observer ❌ Vote ❌ Propose 👀 Private Channels	1,024,000	0
2		Collaborator ⚠️ Vote ❌ Propose ⚠️ Private Channels	2,048,000	1
3		Contributor ⚠️ Vote ❌ Propose ✅ Private Channels ✅ Special Activity Rewards	4,096,000	2
4		Specialist ✅ Vote ❌ Propose ✅ Private Channels ✅ Special Activity Rewards ✅ Mentorship	8,192,000	4
5		Innovator ✅ Vote ✅ Propose ✅ Private Channels ✅ Special Activity Rewards ✅ Mentorship	16,384,000	6
6		Strategist ✅ All Above ✅ Strategic Sessions	32,768,000	8
7		Visionary ✅ All Above ✅ Early Access	65,536,000	10
8		Influencer ✅ All Above ✅ Priority Access ✅ Exclusive Sessions	131,072,000	12
9		Leader ✅ All Above ✅ Decision-Making ✅ Allocation Influence	262,144,000	14
10		Trailblazer ✅ All Above ✅ Highest Influence ✅ Shape the Vision	2,560,000,000	16

Transparency and Accountability

VERV DAO is committed to maintaining the highest levels of transparency and accountability. All decision-making processes, voting records, and financial transactions are recorded on the blockchain and made publicly accessible. This ensures trust and fairness among stakeholders and allows for the verification of all DAO activities.

By establishing these strict rules for participation and decision-making, VERV DAO aims to create a secure and transparent environment where all stakeholders can thrive. It represents a new era of community governance, where power is decentralized and decisions are made collectively for the benefit of the entire community.