Governance DAO
VITALVEDA as DAO is an organization that was designed to be automated and decentralized.
The VVFIT tokens will be used for Creating additional in-game incentives and gamified mechanics like metaverse by providing value to the VVG, The reward token, all of which have a real impact on the player's in-game experience. The token's usefulness will be realized via the formation of a Decentralized Autonomous Organization (DAO), which can transform community input into community governance. Even the most casual gamers holding VVFIT tokens should have a voice in what happens with the VITALVEDA ecosystem.
Decisions on rules to regulate the VitalVEDA token and games will be done by voting. It is essential to state that the token will first be on a centralized development model before advancing to a DAO. In transition for further development of the VitalVEDA project, the feedback from players and why they give such feedback is key. The VitalVEDA community and mountains of feedback will keep developers on their toes in seeking solutions to develop the VitalVEDA ecosystem.
The VitalVEDA governance is a system for managing and implementing changes to the token. In this type of governance, rules for instituting changes are encoded into the blockchain protocol. Developers propose changes through code updates, and each node votes on whether to accept or reject the proposed change. Thereby every holder has a voting right.
Last modified 4mo ago