Instaraise DAO for Fair Governance – Introduction
Introducing Instaraise DAO
Instaraise is excited to share with you the upcoming Instaraise Governance Council. With this announcement, they are defining a new generation of Instaraise ecosystem and growth.
The governance council will be playing an important role in the Instaraise fundraising and incubation infrastructure.
Introduction to $INDAO token
$INDAO token will be the native token for the Instaraise governance council. People will be eligible to become a member of the council by staking a certain amount of their $INDAO tokens. More information regarding this will be coming out in near future.
Token Specifications
Instaraise is starting DAO initiative early for fair distribution of $INDAO Tokens to the early supportive members of our community and to reach maximum decentralization.
Tokenomics and Distribution:
70% of $INDAO will be reserved for community distribution. This will be allocated for farming, staking and other community activities for the growth of Instaraise ecosystem.
To offer a fair distribution of the token they will begin with the farms and airdrops to the early supporters of Instaraise.
Instaraise also want to recognise the efforts of Bakers being an integral part of Tezos ecosystem growth. This is why they want to make sure that they become the key players to their Governance and they have reserved a portion of their community distribution for the Tezos Bakers.
10% of $INDAO supply will be used for the Instaraise governance council and 20% for the team and the development purposes.
Instaraise Governance Council
Instaraise council will consist of Tezos community members who have a good insight on the Tezos projects and working hard for the growth of Tezos.
Anyone can be a part of the council with proven long-term belief in the ecosystem along with a great experience in the field.
More details on council membership and applications will come in the future
$INDAO Token Utility:
- Instaraise council members will take part in the Governance for the Projects onboarding on Instaraise.
- Council members will be taking part in IDO Facilitation-based development proposals.
- DAO members will vote for improvements in the Weighted Tier System.
- Council members will have weightage in the rapid whitelisting of the projects.
- $INDAO token holders will be eligible for exclusive farm rewards and Airdrops.
How to earn early $INDAO tokens?
Instaraise is dedicated to making the distribution fair to all the ecosystem partners and community members. The $INDAO distribution will be based upon the amount of $INSTA staked by the members.
- $INSTA stakers on different platforms including their native stakers will be eligible for $INDAO token Airdrop.
- Airdrops to their council members who would be our prime decision makers.
More distribution strategies coming on the way towards their journey in the distributed governance
Other incentives for $INDAO token holders
- Early round access to projects.
- Rapid whitelisting of the projects
- Airdrop incentives after every successful IDO and much more while they move down the roadmap
Instaraise believe that Insta DAO will be playing a critical role in Instaraise ecosystem. Being one of its kind Insta DAO will also become a cornerstone for entire Tezos community.
📰 INFO
https://medium.com/instaraise-official/introducing-instaraise-dao-for-fair-governance-5bfa480b5d40
