DAO Governance

Version 1.1 - September 2023

$MANSA empowers its community through a decentralized autonomous organization (DAO). DAO Governance allows token holders to participate in key decisions, ensuring a collective approach to project development and evolution.

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1. Introduction

Welcome to the $MANSA DAO Governance Whitepaper. This document outlines the principles and mechanisms of decentralized autonomous organization (DAO) governance within the $MANSA ecosystem. $MANSA is committed to community-driven decision-making and aims to empower token holders to shape the project's future.

2. The Role of DAO Governance

$MANSA allocates 4% of its total token supply to the DAO governance mechanism. The DAO is a decentralized entity through which token holders exercise voting power and participate in critical project decisions. It ensures that decisions regarding fund allocation, upgrades, and ecosystem development are collectively made by the community.

3. Token Distribution and Voting Power

The distribution of governance tokens ($MMGT) is designed to be inclusive and participatory. Each $MANSA token holder is eligible to receive $MMGT tokens, and the number of $MMGT tokens held corresponds to their voting power in the DAO. The more $MMGT tokens one holds, the greater their influence in governance decisions.

4. Proposal Submission and Voting Process

a. Proposal Submission:

• Any token holder can submit a proposal to the $MANSA DAO. Proposals must be detailed, specifying the purpose, amount, and timeframe for fund utilization, as well as any necessary supporting documentation.

b. Proposal Review:

• Proposals undergo a review period during which the community can discuss and provide feedback. Transparency and community engagement are encouraged during this phase.

c. Voting Period:

• After the review, proposals enter a voting period. During this time, token holders cast their votes to approve or reject the proposal. Proposals require a minimum threshold of votes for approval.

5. Governance Decision-Making

a. Proposal Approval:

• Proposals that receive the required number of votes are approved and executed. This includes fund allocation from the deployment wallet or other governance-related actions.

b. Governance Parameters:

• Token holders can also vote on governance parameters, such as voting duration, quorum requirements, or token upgrade procedures. These decisions contribute to the DAO's efficiency and effectiveness.

6. Transparency and Accountability

$MANSA places a strong emphasis on transparency and accountability within its DAO governance:

• All governance activities, including proposals, discussions, and voting results, are recorded on the blockchain and made publicly accessible.

• Regular financial reports are published to provide insight into fund allocation and usage.

7. DAO Evolution and Upgrades

The $MANSA DAO is designed to evolve over time:

• Governance token ($MMGT) upgrades, such as introducing new features or adjusting governance parameters, can be proposed and voted on by the community.

• As the project matures, the DAO may transition to more complex governance structures, such as quadratic voting or liquid democracy, to further enhance decision-making.

8. Conclusion

$MANSA's DAO Governance represents our commitment to community-driven project development. We believe that decentralization and collective decision-making are essential for ensuring the project's long-term success and sustainability. Together, we will shape the future of $MANSA and contribute to a thriving blockchain ecosystem.