Governance (DAO)

What is a DAO?

A decentralized autonomous organization (DAO) is a project that, either in part or in full, has the ability to make decisions autonomously. This is accomplished by voting on proposals. The weight of the vote is proportional to the size of the individual holding. For example, three holders holding 1% of a projects supply have a collective vote equal to a single holder with 3%.

Instinct will be utilizing its own DAO to allow all holders to vote on aspects of the game going forward. Such proposals will include tournament structures and new expansions, as well as the order of implementation for these things. Through voting on utilization of the treasury as outlined in the tokenomics, holders will have a pivotal influence in development progress moving forward.