SubDAO & Governance

Governance

1 $ING = 1 Governance Power

One $ING has one voting power. If you have 20 $ING in your wallet, you can cast 20 votes. Also, Node NFT holders can participate with voting rights in Governance even if they do not hold $ING. For example, one user that owns 100 tokens of the $ING will have twice the weight of voting power over a user that owns 50 $ING tokens.

Governance Participation Rewards

Typically, the cost of participating in Governance is on the order of gas. However, for the right direction of the community and project, users who participate in Governance will airdrop a small amount of NFT whenever voting is completed.

The voting rights of Node NFT holders are calculated in the following way.

• Governance Power: Last sale price of Node NFT ($ING) * 1

Benefits of DAOs and Governance

DAO stands for Decentralized Autonomous Organization. In Infinity Games, it refers to guilds that use collaborative scholarships or organizations that use other protocols within Infinity Games. Guilds can make profits through NFT lending and NFT joint purchase within Infinity Games. In principle, control over guilds operated within the platform belongs to the guild leader, not to the platform operators.

However, if there is a high probability of an accident economically or financially, or if the guild leader's profile is not certified, platform operators can intervene to reduce the risk within the guild. Guild leaders need to receive DD from the Infinity Games Project Team for profit activities and fundraising from guild members, and if the profile and profit activities are legitimate or well established, the Project Team recognizes as an official DAO and can recruit guild members. We can work together on your marketing plan.

For the operation of SubDAO certified by the Infinity Games Project team, you can create a new community or a private channel within Discord, and SubDAO will continue to make public announcements so that it can operate systematically and transparently, so that users and community or guild members can be notified with every informations. There is a need to continuously provide information.