Turtlepoint DAO
Last updated
Last updated
Decentralrealty will create a (Decentralized Autonomous Organisation) to allow the Turtlepoint NFT holders to participate in the governance of the Turtlepoint DAO.
Voting tokens will be airdropped to the Turtlepoint NFT holders and with these tokens in their respective wallets, Turtlepoint NFT holders can access the DAO page at xxx, and view the proposals that are available for them to vote on. The number of votes each holder receives will depend on the NFT they own.
A proposal will be carried if it achieves a simple majority of 50.0001% of the the total votes cast. The votes available to each holder are based on a snapshot at the point the proposal is created. To create a proposal, the proposer has to pay a fee of 100 HBAR for each proposal created.
The proposer will also receive 2,500 VeHsuite (a non tradeable token), which is convertable to Hsuite at variable rate. Those who vote on a proposal will pay 1 HBAR and will receive 25 VeHsuite.