🏛️Decentralized Organization
Foundation as a Non-Profit Entity
Role and Responsibilities: The non-profit foundation, Catizen Foundation Company, of Catizen oversees the general governance of the ecosystem on behalf of the DAO. The foundation’s daily tasks include managing the issuance of tokens, overseeing the distribution of resources, signing with mini app / mini games (“Candidates”) which list themselves in the game centre, airdropping tokens to contributors to the ecosystem. Subject to DAO voting results, there can be improvements in token model including repurchasing/burning of tokens (for example, with 50% of the game center revenue, eco game assets, etc), distributing of tokens to the developers in the ecosystem as grants, and other legally allowed ways which can bring improvements to the ecosystem. Thus $CATI is a token that is driven by the community and we expect the tokenomics to continue to improve transparently with the participation of the token holders.
Decision-Making: The foundation employs a decentralized governance model where major and legally feasible decisions are made through community voting, involving token holders, which could include players, developers, and other stakeholders.
Initiating the $CATI Token DAO Governance Model
The DAO governance model for the $CATI token will commence within 12 months after the TGE so the Catizen team has enough time to conduct trial runs of various in-game models, gather feedback and facilitate a smooth transition to DAO governance model.
The proposal and voting platform for Catizen DAO will be implemented and executed through the TON Vote platform.
Intent Survey: Community members initiate a proposal discussion on the forum and then evaluate it through a vote in Catizen's Snapshot space. If the proposal receives at least 1% approval from $CATI holders within 3 days, it is considered to have sufficient support to move to the next stage.
Consensus Survey: The potential proposal is formally discussed on the forum, followed by another Snapshot vote on specific options (including a make-no-change option). If any specific option of the potential proposal receives at least 4% approval from $CATI holders within 5 days, it can proceed to the next stage.
Governance Proposal Submission: The winning option from the previous stage is edited, audited, and proposed, then submitted to the governance portal for on-chain voting. A 7-day voting period determines whether the proposal passes. Alternatively, if the proposal initiator holds more than 1% of the tokens, they can directly submit the proposal for on-chain voting, with a 7-day voting period to determine whether it passes.
Governance Proposal Execution: Proposals that pass (winning the vote with at least 7% of the total votes) will have their code queued in the Timelock, to be executed two days later.
Proposal Status
Pending: The proposal is in the delegation period (waiting for members to delegate weight to the delegate address, voting not yet open).
Active: The proposal is in the voting period.
Canceled: The proposal has been canceled.
Defeated: The proposal was rejected (not passed).
Succeeded: The proposal was successful (passed).
Queued: The proposal is in the execution queue (waiting for the grace period to end).
Expired: The proposal has expired.
Executed: The proposal has been executed.
Governance Metrics
Project | Proposal Submission Condition | Approval Condition |
Catizen | 1. First stage requires 1% approval votes 2. Voting requires 4% approval votes | The winner of the vote with at least 7% of the total votes |
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