JUL DAO
The JulSwap DAO stands as a testament to collective decision-making, with the community determining the allocation of the DAO treasury in favor of the community or project development, driven by their
Last updated
The JulSwap DAO stands as a testament to collective decision-making, with the community determining the allocation of the DAO treasury in favor of the community or project development, driven by their
Last updated
Voting Power: Each JULD token equates to one vote. It's crucial to note that purchasing JULD after a proposal has opened does not entitle one to vote on that proposal. A snapshot at the time of the vote's initiation ensures fairness, requiring holders to keep their JULD in a decentralized wallet to participate in voting.
Incentives for Participation: Active voters are rewarded, fostering a culture of engagement and contributing to the DAO's goals.
DAO's Objective: The overarching aim is to collectively enhance the value of JULD, creating a unified effort towards growth.
Governance Structure: The DAO employs a multisig approach for treasury transactions, requiring at least 3 out of 5 designated wallets to confirm a transfer post-community consensus. The current multisig holders are:
0x7A0e07F5235DEaF86d781EFb22584cFC14a26850
0x0B3F9F22E7578DcFdcc70412C2A00A6E6CC8C7A2
0xa314D2f3666dB9C48407D74E2671C2fEae48c178
0xd80192759145c42952AB8B8AC879143B67e93476
0x92dC461AA757CE633c9a71b7B18a677B9c452348
Plans are in place to potentially expand the multisig membership, ensuring greater community involvement. However, this expansion comes with the caveat that the holders must always act in accordance with community proposal decisions, not personal interest.
Multisig Treasury and Voting Platform:
Multisig Treasury is managed via Gnosis on BSC:
Community voting takes place on:
JulSwap's choice of Gnosis for multisig management is based on these platforms' reliability, security audits, and their adherence to the high operational standards required for the DAO's activities. This infrastructure supports the DAO's mission to empower the community in steering the project's future, emphasizing transparency, security, and collective governance.