DAO Structure

AbstraWallet is governed by a Decentralized Autonomous Organization (DAO), ensuring that the platform's development and strategic decisions are guided by the community of $ABW token holders. This democratic structure empowers users to participate in governance, fostering a transparent, inclusive, and decentralized decision-making process.

Key Components of the DAO Structure

1. Token Holder Participation:

   • Voting Power: Each $ABW token represents a vote in the DAO. The more tokens a user holds, the greater their influence on governance decisions.

   • Proposal Submission: Any token holder can submit proposals for changes or improvements to the platform. This includes feature upgrades, policy changes, and other significant initiatives.

2. Snapshot Voting:

   • Voting Mechanism: Votes are conducted using a snapshot mechanism, which captures the state of token holdings at a specific point in time. This ensures that voting power is accurately represented.

   • Transparency: All voting results are publicly accessible, ensuring transparency and accountability in the decision-making process.

3. Governance Proposals:

   • Proposal Types: Proposals can cover a wide range of topics, including but not limited to protocol upgrades, treasury management, marketing strategies, and partnership decisions.

   • Proposal Lifecycle: Proposals typically go through several stages, including submission, discussion, voting, and implementation. This structured process ensures thorough consideration and community engagement.

4. Treasury Management:

   • Community-Controlled Funds: The DAO manages a treasury of $ABW tokens, which are allocated towards development, marketing, partnerships, and other strategic initiatives.

   • Funding Proposals: Community members can submit proposals for funding specific projects or initiatives that align with the platform’s goals. Approved proposals receive funding from the DAO treasury.

5. Incentives and Rewards:

   • Participation Rewards: Active participants in the DAO, including those who submit and vote on proposals, may receive rewards in the form of $ABW tokens. This incentivizes engagement and ensures that the community remains active and involved.

   • Staking Rewards: Token holders who stake their $ABW tokens not only earn staking rewards but also gain enhanced voting power in the DAO.