# 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.&#x20;

* 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.
