DAO Operations:

For a DAO to work well, clear processes and tools are important:

  • Proposal Process: Likely a pipeline: an idea is floated on a forum (off-chain discussion), refined through community feedback, then formally proposed on-chain if it gains support. Some threshold of tokens (or a sponsor from the council) might be needed to avoid spam proposals.

  • Voting: Voting can occur on-chain (directly with tokens) or off-chain via snapshotting token balances (Snapshot.org is an example used by many projects for gasless voting). Off-chain voting with on-chain execution (OGE) is a pattern where votes are collected off-chain but a result can trigger a smart contract action if passed.

  • Quorum: A minimum participation (say 10% of tokens) might be required for a vote to count, to avoid a tiny faction passing decisions while most holders are apathetic.

  • Transparency: All decisions and transactions are logged on-chain. The treasury wallet is public, so anyone can see how funds are used. Meetings or discussions by any council or team should be as open as possible (publishing meeting notes or streaming them).

  • Education: Not all token holders may be familiar with governance. LogIQ will need to educate the community on how to participate – through tutorials, community calls, etc. A well-informed community leads to better decisions.

  • Preventing Centralization: Over time, power tends to concentrate if not checked. LogIQ might implement measures like limiting how much voting power any single address can wield (or encouraging delegation to diverse representatives). Also, distributing tokens widely (through the Proof of Thought rewards and broad sales) helps avoid only a few having all the power.

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