DAO Dev Fund
VIPSVERSE DAO Dev fund
DAO Dev fund is a community driven fund that can be used to expand the VIPSVERSE metaverse, develop new features by VIPSVERSE team or third party teams. Equivalent of 10% of the tokens sold on ICO will be moved to the DAO Dev fund. Any NFT owner can add a proposal ( i.e. build a project on VIPSVERSE by core team or another team, burn tokens, redistribute to another fund) on site by paying a small VVT fee.
14 days will be available to discuss proposal
14 days to vote on the proposal
Any NFT owner can vote with vote power:
VIP Legendary: 500 votes each( 26000 votes total )
VIP Standard: 120 Votes each(32400 votes total)
BlogPetz: 4 votes each(40000 votes total)
Voting requirements: 40% quorum, 60% agreed to accept the proposal.
Funds from dev fund will be sent to the proposal address if it passed quorum and accept votes.
For first 6 months of adoption period VIPSVERSE team will have veto power. After this period 40% of Legendary votes can put a veto on proposal.
We see VIPSVERSE fully community driven and funded by DAO Dev fund and game income after 2 years. Team will focus on attracting more developers to the VIPSVERSE metaverse, partnership with other projects and metaverses.
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