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Governance
Tiny World believes that DAO governance should not be limited to product functions and settings, but should also give users the right to manage platform assets.
Tiny Coin (TINC) holders have governance rights over the platform and will have the right to manage the treasury of the Tiny World platform and determine the future direction of the platform.
Most of the profits across the Tiny World platform will be directed into the TinyDAO Treasury, including but not limited to:
- 1.20% of mystery rune purchasing - TINC
- 2.20% of Tiny Vault fee - BUSD
- 3.50% of NFT market fee - BUSD
- 4.Tiny Game Universe consumes 20% of TINC - TINC
The treasury funds are mainly composed of TINC and BUSD. Users use veTINC in their hands to conduct governance voting to determine how the funds in the DAO treasure are used and distributed.
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The Tiny World team will initiate proposals in the early phase of the system, and the veTINC holders will vote on the outcomes of the proposals. Later on, we will gradually shift to fully decentralized governance, where veTINC holders will initiate proposals and vote on the outcomes.
Last modified 2mo ago