🏛️Kudoe DAO
Introducing the Kudoe DAO
Kudoe strongly advocates for decentralization and believes that a DAO (decentralized autonomous organization) can bring numerous benefits to our crypto community. DAOs allow for transparent and democratic decision-making, where every member has a voice and can contribute to an organization’s governance. Because DAOs are based on smart contracts, they are highly transparent and resistant to manipulation or fraud. This promotes greater community engagement and participation, leading to collaboration, innovation, and better outcomes for the community. Kudoe sees its DAO as a powerful tool for promoting decentralization, transparency, and community participation, revolutionizing how KDOE operates while empowering its members to take an active role in decision-making.
The Kudoe DAO was initially launched on Wednesday, March 1st, 2023 on the Ethereum blockchain and utilizes gKDOE as its governance token.
This page of the gitbook will explain what gKDOE is, how to obtain gKDOE, the DAO’s operation, requirements, proposal phases, platforms, and beyond.
What is gKDOE and How to get it?
gKDOE is our governance protocol token, wrapped one-to-one with KDOE. KDOE(ERC-20) holders will be able to participate in governance by staking their KDOE which mints gKDOE in return, proportional to KDOE staked. Once gKDOE is unstaked, gKDOE will be unwrapped for KDOE, one to one
In order to incentivize governance participation, we have implemented staking rewards for staking KDOE Token. Holders that wish to participate in governance, or simply just want to stake, will be able to stake KDOE tokens and earn more KDOE tokens as a reward.
This unique system empowers and enables KDOE (ERC-20) token holders to stake and participate in governance at once, allowing for higher and incentivized governance participation.
1 gKDOE = 1 KDOE
Can I trade gKDOE?
The gKDOE token is transferable between different wallets. However, it should be noted that gKDOE is not intended for trading purposes, as it has been designed solely for the purpose of governance. Kudoe will not be listing gKDOE on any centralized or decentralized exchanges. The gKDOE token can only be unwrapped back into KDOE by the wallet from which the original KDOE was staked.
What is a DAO?
A DAO, or Decentralized Autonomous Organization, is a type of organization that operates through smart contracts on a blockchain network without a central authority or control. Decisions are made through consensus mechanisms, such as voting by its members or token holders. Its bylaws and rules are transparent and open to inspection by anyone with access to the blockchain network.
How will Kudoe utilize the DAO?
The Kudoe DAO has been developed to empower KDOE token holders to govern the token and provide essential feedback and input to the entire ecosystem.
Specifically, the DAO will govern
KDOE token contract functions, including tax, timelock, and allocation.
Staking contract, dilution, rewards, etc.
Grants
The DAO will be able to regulate DAO threshold requirements, Quorum (minimal votes needed).
The DAO will NOT govern the following
Black and Whitelist token functions.
Team allocation
Liquidity allocation
Kudoe the Company
The DAO can also be used as a tool for token holders to guide and advise the project for potential use cases and utilities.
Legal Disclaimer: Participation in the Kudoe DAO does not grant KDOE token holders any ownership or control of "Kudoe," the company, or any associated trademarks, intellectual property, or applications. The Kudoe DAO is established to govern only a predetermined set of functions on the token contract and select use cases. Any decisions made by the DAO will not alter the ownership or control of the company or its intellectual property. Kudoe retains all rights, title, and interest in the company, its trademarks, and intellectual property, and participation in the DAO should not be interpreted as a transfer, sale, or conveyance of any ownership or control of the same. By participating in the Kudoe DAO, token holders acknowledge and agree to these terms and acknowledge that the DAO's operations and decisions are limited to the specific functions and use cases governed by the DAO.
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