Have a great day my fellow crypto maxi degens.
Today we start the day with PROM DAO.
Curious about decentralized governance? Join me as we delve into @prom_io’s DAO structure, where innovation meets community-driven governance.
Let’s unravel the details together, here’s all you need to know about Prom Dao 🧵👇
Ever wondered what a DAO is?
DAO stands for Decentralized Autonomous Organization. It’s a revolutionary form of governance where decisions are made collectively by its members, without central authority. This ensures transparency and community-driven leadership in projects like #PROM.
By participating in a DAO, you not only contribute to the direction of the project but also have a stake in its success. It’s democracy, evolved for the digital age. Dive into the world of #DeFi and decentralized governance with Prom.
Dive deeper into the roles within #PROM DAO and see how each contributes to our ecosystem:
- Members: Any $PROM holder can become a member by participating in governance. Members influence decisions and help shape the future of PROM. The more actively you vote, the more you can earn from a dedicated share of the total quorum.
- Delegates : Delegates wield increased voting power through tokens delegated by other members. They play a crucial role in the voting process and receive a significant 30% of total network fees. This reward is proportional to the tokens held and the voting frequency.
- Validators : Standing at the pinnacle, Validators provide essential oversight and additional due diligence on proposals. With only a limited number selected, they earn a prestigious 2% of network fees. Validators are pivotal in maintaining the integrity and direction of the DAO by carefully evaluating proposals before final approval.
Each role is designed to empower participants with both influence and financial rewards, ensuring that everyone has a stake in the successful governance of PROM DAO. Want to be part of this governance revolution? Let’s check next tweets for how you can join the ranks of Validators or Delegates👀
Spotlight on the #PROM DAO Validator Campaign!
As Validators, you play a crucial role in maintaining the quality and direction of our governance. Not only do you get to oversee proposals, but you also earn a 2% share of the network fees for your vital contributions.
The campaign is your chance to impact the future of decentralized governance and help guide #PROM’s growth. Join the Validator Campaign on Prom’s testnet. Engage in tasks, rise through the ranks, and earn your spot as a Validator:
1️⃣ Enter Prom’s Zealy Space -> https://zealy.io/cw/prom/questboard.
2️⃣ Connect your wallet and create an account.
3️⃣ Start completing tasks and climbing the leaderboard!
Delegate your way to the top in PROM DAO.
Engage in the Delegate Campaign to share 1,000,000 $PROM as voting power. Your active participation brings not just influence but rewards from network fees. Ready to lead? Details here: https://prom-io.medium.com/become-a-prom-dao-delegate-share-1-000-000-prom-as-voting-power-4ac6976e1216
Want to shape the future of decentralized governance? Participate in the ongoing testnet campaigns. Whether you start as a Member, aim to become a Delegate, or aspire to be a Validator, there’s a role and reward structure waiting for you.
Prom DAO is more than a governance model; it’s a community-driven effort to redefine governance in crypto spaces. Dive into the world of #PROM DAO where every participant holds the power to influence and innovate.
