Elvx DAO
Last updated
Last updated
The ELVX DAO serves as the cornerstone of decentralized governance for the Elevex ecosystem, empowering ELVX token holders to directly shape the platform's evolution and success. By leveraging decentralized decision-making, the DAO allows the community to actively participate in shaping the operational, strategic, and financial directions of Elevex through transparent and inclusive governance processes.
The ELVX DAO operates as a community-powered mechanism supporting the Elevex Foundation, which oversees the ecosystem's assets, protocols, and initiatives. This governance system ensures that the platform remains adaptive, innovative, and driven by the interests of its token holders.
The ELVX DAO governs critical components of the Elevex ecosystem, overseeing operations and managing essential assets, including:
ELVX Token: Governance and utility for token holders.
Treasury Management: Allocation of funds for ecosystem growth and development.
Grants and Investments: Funding innovative real estate and DLT initiatives.
Smart Contract Development: Deployment and upgrades to ensure scalability and security.
Intellectual Property (IP): Managing IP assets developed under the Elevex Foundation.
Foundation Oversight: Governance of the Elevex Foundation’s operations and strategies.
Partnerships and Ecosystem Expansion: Establishing alliances to enhance the ecosystem.
Governance Protocols: Maintaining fairness and transparency in the decision-making process.
The governance system ensures a seamless, community-driven approach to decision-making, empowering ELVX token holders at every stage.
Three-Tiered Proposal System
Discussion (Discourse):
Community members draft and submit proposals.
Minimum of 30 days for open discussions.
Requirements: Level 3+ Community Membership.
Temperature Check (Snapshot):
Refined proposals are voted on by the community.
Quorum: Minimum threshold of 1,000 ELVX tokens (holding or delegated).
Voting Period: 5 days.
Governance Proposal (Agora):
Approved proposals are implemented by the DAO.
Quorum: Minimum of 250,000 ELVX tokens.
Process: 2-day waiting period, 7-day voting period, and 2-day timelock.
This structured approach ensures transparency, inclusivity, and efficiency in every decision.
ELVX token staking enhances governance participation while providing exclusive platform benefits:
Governance Voting Rights: Influence decisions on ecosystem strategies and investments.
Platform Privileges: Access premium features, including new launchpad listings and secondary market insights.
Creator Support: Enable project creators to showcase projects and gain early access to Elevex tools.
By staking ELVX tokens, users gain unique rewards while contributing to the Elevex ecosystem’s growth and innovation.
Governance Ratios:
1:1 Voting Ratio: Each ELVX token equals one vote, ensuring equality among token holders.
Thresholds:
Temperature Check: 1,000 ELVX.
Governance Proposal: 250,000 ELVX.
Community-Inclusive Framework:
Engages members in discussions, ensuring diverse viewpoints are considered.
Empowers token holders to drive innovation through direct involvement. Empowering the Community for Innovation
The ELVX DAO exemplifies Elevex’s commitment to decentralized governance, ensuring that every stakeholder has a voice in shaping the future of tokenized real estate. By leveraging innovative technologies and community-driven decision-making, the DAO drives the platform toward a transparent and scalable future.
