BitStake DAO

Explanation of the purpose and benefits of DAO governing BitStake Protocol

Introduction

BitStake DAO is the governing body for both Staking Platform & Launchpad. BitStake DAO will hold the treasury of BitStake & also perform the regular burn activities related to BitStake official token as well.

DAO Governance in BitStake Protocol

• DAO governs and oversees various aspects of the BitStake Protocol ecosystem, including the staking platform and launchpad

• DAO will be the governing body of the treasury & ensure that funds are properly used

• Overview of the decision-making processes and mechanisms within the DAO.

• DAO members: Individuals who hold governance tokens and participate in decision-making

DAO Proposals

• Official Bitstake token holders can submit a proposal for DAO voting, along with the timeframe, cost involved & other details.

• Once proposal is submitted its open for voting & if it's reached the quorum decided by the DAO, it will be implemented accordingly.

Implementing Approved Proposals

• DAO is responsible for implementing proposals that have been approved.

• DAO ensures that there is proper collaboration between DAO administrators, developers, and relevant stakeholders.

• Timeline and rollout details should be properly communicated to the community.

Note: More details on governance token coming soon. Join us on discord and twitter.