🌟Akarun DAO

Akarun DAO is the governing body responsible for managing all decisions related to Akarun, the AKA token, Akarunner NFTs, track NFTs, and any future products associated with the project. Operating on the Ethereum blockchain, Akarun DAO leverages the power of decentralized governance to ensure the community has a say in the project's direction.

Key Characteristics

Blockchain Platform: Akarun DAO is built on the Ethereum blockchain, ensuring transparency, security, and decentralization in all its operations.

Governance Token: The DAO utilizes the gAKA token for governance purposes. gAKA is obtained by wrapping the AKA token, providing a seamless integration between the in-game economy and the DAO’s governance.

Participation Requirements: To avoid being blacklisted and maintain eligibility for rewards, gAKA holders must participate in at least one vote per year. This requirement ensures active involvement in the governance process.

Rewards for Holders: gAKA holders are entitled to receive 3.4% of the total rewards from all races conducted in the Akarun game. These rewards incentivize holders to remain engaged and contribute to the ecosystem’s growth.

Governance Framework: Akarun DAO is constructed using Aragon OSx v1.3.0, a robust framework that facilitates efficient and secure governance processes.

Governance Parameters

• Approval Threshold: For a proposal to pass, it must receive more than 50% approval.

• Minimum Participation: At least 8% of the total gAKA supply (≥ 20,800.08 gAKA) must participate in a vote for it to be valid.

• Minimum Duration: Each voting period lasts for a minimum of 1 day.

• Early Execution: Proposals can be executed early if they meet the required conditions before the voting period ends.

• Vote Change: Votes cannot be changed once they are cast.

• Proposal Threshold: Only members with at least 100.0 gAKA voting power or balance can submit proposals.

Conclusion

Akarun DAO represents the cornerstone of Akarun’s decentralized governance, empowering the community to have a direct impact on the project’s future. By participating in governance, holding gAKA tokens, and actively engaging in the decision-making process, members contribute to the success and sustainability of the Akarun ecosystem. The DAO’s structured approach, supported by Aragon OSx, ensures that governance is both efficient and secure, fostering a thriving, collaborative environment for all stakeholders.