💳DAO Structure

DAO Membership

A member of the Chainrewardz DAO is an individual or a legal entity that has made transactions with CRZ, DRN or sCRZ.

DAO Decision & Proposals

The majority of the decisions of the DAO are made by voting (simple majority). Any member of the DAO can put forward proposals. To submit a proposal, a DAO member must have staked X amount of DRN tokens to include a description of the action, amount, purpose, and conditions for transferring funds from the DAO accounts (if applicable).

DAO Council

is a group of X trusted individuals who have been selected by the community to hold keys in a multi-sig wallet. This multi-sig is responsible for enacting any passed votes with a binding action, like funding a Grant, banning a name, implementing a Governance proposal, changing redemption price of CRN token. DAO council members is selected based on highest % of voting rights of the holder or entity and each term is for a period of 12 months.