DGES Documentation
  • Welcome to DGES
    • Problem Statement
    • Tasks
    • Goals
    • Proposed Solutions
  • Ecosystem Overview
    • Platform Overview
    • Ecosystem Tokens
      • GeoNFT (GNFT)
      • LandNFT (LNFT)
      • RoyaltyNFT (RNFT)
  • Ecosystem Commissions and their Distributions
  • DAO and Governance
    • Voting Mechanism
    • DGES DAO Reserve
    • Mitigation of DAO Attacks
    • No Native Token
  • Use of Funds
  • Technology
    • Blockchain Infrastructure
    • GNFT
      • GNFT Extensions Library
    • LNFT
    • RNFT
    • DAO
    • Integration with Other Blockchains
    • Development Tools
    • Security Measures
      • Audits
  • Use of Funds
    • Road Map
  • Socials
    • Contacts
  • Marketplace
    • NFT Marketplace
      • Mint
      • Sell
    • Terms and Definitions
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  1. Technology

DAO

The DGES ecosystem features a comprehensive DAO system. Several DAO mechanisms—such as proposal submission, voting, decision-making, and vetoing—are governed by smart contracts, as outlined in previous sections.

During the initial stages of the project's development, certain DAO functions that are not yet automated—such as determining the duration and frequency of voting, the order in which decisions are addressed, and the prioritisation of proposals based on their relevance to the ecosystem—will be managed manually by the DGES community. Once a consensus is reached on these processes, the DGES team will automate them through smart contracts.

When a user delegates their votes to another participant in the ecosystem, their RNFTs are placed in a smart contract. This contract ensures that the RNFTs remain in the Governance Pool on behalf of the designated wallet, thereby granting that wallet the ability to use these tokens and manage the associated voting rights and commissions.

Given the risks associated with vote delegation, the DGES DAO will maintain and regularly update a list of verified delegates on the DGES website.

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Last updated 5 months ago