$DAOventures Governance Token ($DVG)

Governance token for $DAOventures protocol

Governance Token Model - Executive Summary

Objective

1. Incentives mechanism to attract and stake liquidity
2. Market participation from community ensuring network effect
1. Long term demand from governance token & community involvement

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Token model

1. Initial market cap. $516k market cap
2. Deflationary model. Block rewards reduction every 2 weeks for 4 years
3. Low Inflation. Less than 100k daily distributed
4. Fair launch. No pre-mine for team/advisors
5. High liquidity. With 1% allocation for liquidity at AMM.

Early private & public sale with DVG token

Details:

1. 7.8m DVG token minted in advanced for private sale and public sale (11%)
1. 7.4m allocation for private round that is vetted by the core team.
2. 444k is sold to public via platforms IDO; Polkastarter.
2. Total amount raise $1.4m (equivalent in ETH and/or stablecoins)
3. Ticket size per individual is capped at $10k for individual and $50k for institution

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DVG token & TGE: Detailed Schedule

Highlights:

1. Very low cap token in the market. Initial market cap at $516k.
2. Attractive and fair vesting for private round. Fully distribute in 3 months.
3. Low slippage. With 1% allocation for initial liquidity at AMM.

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Priorities:

1. Price discovery is prioritize and spread of price is nominal.
2. Only private round investor and public sale token floats in the market.

DVG staking incentives

Objective

1. To reduce market selling pressure from speculators
2. To incentives reward for DVG holders for long term benefits

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Incentives strategies

1. Rewards
1. *Staking duration.
1. 2x reward for staking for 3 months, 3x for 6 months and 4x for 12 months
2. *AMM Pool specific.
• 2x reward for staking into DVG/WETH liquidity pool
3. *Fees reduction.
• 50% reduction in network fees if stake DVG token.

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• *Fees sharing
• Protocol to share 50% fees sharing with all DVG stakers

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• *Utility factor
• Using DVG to pay for gas fees and sending transactions.

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*all incentives strategies are recommendations only and this depends on DAO community to vote & approve. We do not make the final decisions for DAO community. The more participative and decisions made by the DAO communities, the better DAOventures becomes. The true spirit of DeFi.

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Additional informations

Allocations breakdown

DVG Governance Token - Tokenomics Detail

$DVG

Definition & Description

1. $DVG tokens are governance tokens. This is release every block based on % of LP funds into $DVG smart contract pools.

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• $DVG are essentially “tokens” on a smart contract that are programmatically developed and enforced based on fixed criteria written on mandate.

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• These rules can be changed/updated through a consensus voting mechanism built into the smart contract.

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• The only way to acquire $DVG token is through participating in the staking of funds into $DVG product’s smart contract. Works exactly as “vesting shares” in a typical technology startup.

$DVG

Governance Token Distribution Summary

• Using a simpler model for calculation that crypto investors would understand. We architect and implemented the deflationary rewards model.
1. 51% for LP liquidity
2. 30 $DVG per block
3. Less than 100k token daily inflation

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• Deflationary model to reduce “selling pressure” in the market. 3.5% block rewards reduction bi-weekly.

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• By the 4 years cycle, all the block rewards will be fully distributed by the smart contract.

$DVG

Governance Token Framework

A simple governance framework with $DVG token holders can easily participate in shaping the direction of the DAO protocol.

Each $DVG token is counted as 1 vote.

Anyone with 1000 $DVG token in their delegated address can vote any governance plan; these are simple or complex sets of plan, such as:

• propose custom quant strategies,
• changing priorities on integrations,
• other functions that LP deems suitable for funds direction

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All proposals are subject to a 3 day voting period, and any address with voting power can vote for or against the proposal. If a majority votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.

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Voting

All voting are done at Snapshot.page for easier management and save gas.

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Quorum

The quorum is 20%. Which means that 20% of the staked $DVG needs to vote on a proposal for it to pass, or else it will fail. Also, it has to have at least 51% of the votes for yes. All of this is executed on smart contracts.

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$DVG voting process flow