First DAO votes announced!
DAO News
Hello HEROes!
With tomorrow's DAO snapshot just around the corner, we are excited to mark this important next step in Metahero's history and deliver some important news!
Announcing our first-ever DAO votes
Whilst many of our DAO benefits are of course linked to our platform being live, up and running later this year. There are still some exciting things to look forward to for those who qualify this coming quarter. Starting with announcing the first-ever votes that will be handed to the top 20% of qualifying holders to decide. First on the agenda will be:
Voting for the next location
That's right, during Q3 you will get your first chance to vote from a list of top cities, and play a vital role in deciding the home of our next Scanner! Whatever city wins the vote will be chosen as our next location following Warsaw and Zurich. It's your first chance to make a major choice for the platform, so use it wisely!
And secondly, one that many of you have been waiting for...
Revenue Share or Burn!
Rather than a permanent switch one way or another, this will actually be a quarterly vote going forwards.
A snapshot will be taken at the last block before midnight of every quarter. Following the completion of the next quarter, you will be invited to vote on what is done with 10% of the platform revenue accrued for that now-completed quarter.
If revenue share is voted for, the weighted cut an individual in the top 20% of holders would be eligible for, would based upon their average wallet holdings between the quarterly snapshots. This is in order to do the best we can to ensure we are rewarding those that are continuing to hold Metahero throughout that period.
If Burn is voted for, that 10% of platform revenue would instead be immediately burned forever.
But wait, there's more!
To commemorate your participation in our first-ever DAO snapshot, we'll be rewarding all those who qualify for our DAO benefits with a one-off commemorative NFT, to celebrate this moment in Metahero history together! A fun collectible memento for you to be able to say - "I was there" as one of the first Metahero DAO members!
We will be working with our design partner at Properly Studios to put this together, but look out for those landing in your qualifying wallet next quarter!
The DAO platform
The first snapshot for DAO qualification will be taking place tomorrow, at the last block of the quarter before midnight UTC, so make sure that if you are wanting to participate in the early stages of our DAO platform, you keep an eye on whether you will qualify by using our DAO Checker Page!
To receive our DAO benefits there is no "locking" involved. To qualify, you simply have to hold your tokens in your private crypto wallet and be in the top 20% of holders (both cold and hot wallets are eligible). Please note that tokens held in exchange wallets will not qualify
Our DAO voting platform itself is under construction in the trusty hands of our CTO Marek Lewandoski. Please note that this is an evolving platform and whilst all features will not be available straight away, given many of them relate to our ecosystem and software being live, we will continue to expand our DAO benefits as planned over the coming months and years ahead, so look out for more updates as we go! We are of course open to your feedback too, so feel free to stop by our Official Telegram to discuss the DAO whenever you wish!
Till then...get ready for your close-up and stand by to say "Cheese" at tomorrow's snapshot at midnight UTC.
See you there!
First you've heard of all this DAO stuff? Find out more information here: