Skip to main content

BNW DAO

Overview​

The BNW DAO (Decentralized Autonomous Organization) is a community-governed organization that manages and makes decisions about the BNW ecosystem. It enables token holders to participate in governance through voting on proposals that affect the protocol's development, parameters, and future direction.

Governance Token​

  • Token Name: BNW Governance Token
  • Token Symbol: BNW
  • Purpose: The BNW token serves as the governance token for the DAO, allowing holders to:
    • Create and vote on proposals
    • Participate in protocol governance
    • Stake tokens for additional voting power
    • Earn rewards for active participation

Governance Structure​

Voting Power​

  • Voting power is determined by the amount of BNW tokens held
  • Token holders can increase their voting power by staking tokens
  • Minimum token requirement for proposal creation: TBD
  • Minimum token requirement for voting: TBD

Proposal Types​

  1. Protocol Parameters

    • Fee adjustments
    • Reward distribution parameters
    • Technical parameters

  2. Treasury Management

    • Fund allocation
    • Budget approvals
    • Investment decisions

  3. Protocol Upgrades

    • Smart contract upgrades
    • Feature additions
    • Security improvements

  4. Community Initiatives

    • Marketing campaigns
    • Community events
    • Partnership proposals

Voting Process​

  1. Proposal Creation

    • Submit proposal with detailed description
    • Include implementation details and budget if applicable
    • Minimum discussion period: 3 days

  2. Voting Period

    • Duration: 5 days
    • Voting options: For, Against, Abstain
    • Quorum requirement: TBD
    • Majority threshold: 51%

  3. Execution

    • Timelock period: 2 days
    • Automatic execution if passed
    • Manual execution for complex proposals

Technical Implementation​

Smart Contracts​

  • Governance contract
  • Token contract
  • Timelock contract
  • Treasury contract

Security Measures​

  • Multi-sig wallet for treasury management
  • Timelock for proposal execution
  • Emergency pause functionality
  • Regular security audits

Treasury Management​

Revenue Sources​

  • Protocol fees
  • Investment returns
  • Partnership revenue

Fund Allocation​

  • Development: 40%
  • Marketing: 20%
  • Community rewards: 20%
  • Reserve: 20%

Community Participation​

How to Participate​

  1. Acquire BNW tokens
  2. Stake tokens for voting power
  3. Join governance discussions
  4. Create or vote on proposals

Rewards​

  • Staking rewards
  • Governance participation rewards
  • Community contribution rewards

Emergency Procedures​

Emergency Pause​

  • Multi-sig holders can pause the protocol
  • Requires 3/5 multi-sig approval
  • Maximum pause duration: 7 days

Emergency Proposals​

  • Shorter voting period: 24 hours
  • Higher quorum requirement
  • Immediate execution after approval

Future Development​

Planned Features​

  • Delegated voting
  • Quadratic voting
  • Cross-chain governance
  • Advanced proposal types

Roadmap​

  • Q2 2024: Initial DAO launch
  • Q3 2024: Treasury management implementation
  • Q4 2024: Advanced governance features
  • Q1 2025: Cross-chain governance

Contact and Resources​

Official Channels​

  • Discord: [BNW Discord]
  • Twitter: [@BNWProtocol]
  • Documentation: [BNW Docs]
  • GitHub: [BNW GitHub]

Support​

  • Technical support: [Support Email]
  • Governance questions: [Governance Email]
  • Community forum: [BNW Forum]