Greetings Governors! We are eager and excited to share our latest developments with you. We have been working diligently to establish a solid foundation for our sybil resistance ambitions and enhance the onboarding experience, scalability, and overall functionality of our system.
Today, we are excited to unveil the culmination of our efforts: Demos ($DEM). Derived from ancient Greece, “Demos” represents the people and the essence of democracy. Our mission is clear: to deliver a cornucopia of sybil resistance experiences and foster a human-centric, bot-proof standard for web3 and beyond.
With Demos, we aim to create a thriving ecosystem that provides privileges and opportunities for its participants. Supporters and developers contributing to the project will be incentivized for their valuable contributions towards its success and widespread adoption. More details on the structure of Demos and $DEM will be shared closer to launch, so stay tuned!
We are pleased to announce that Demos has secured Matthew Roszak (Tally Capital) as our lead investor. This marks the beginning of our pre-seed fundraising, and we will share more information on the raise as we progress.
Both the Governor DAO treasury and $GDAO holders will receive an allocation of $DEM per past contributions. Specific details will be shared with the community and ratified by governance prior to the launch.
The allocation follows a holistic approach that accounts for historic GDAO activities and balances (plus xGDAO and GDAO LP) according to snapshots already taken at several intervals in the past. Additionally, a number of Governor-related activities (previous participation in governance, minting certain NFT collections, holding Loyal NFTs, etc.) are assigned a weight multiplier against GDAO holdings, giving a larger allocation to the most engaged community members.
The distribution of $DEM to $GDAO holders will follow a gamified method similar to the original $GDAO distribution, ensuring fair and engaging participation. Additionally, Governor DAO itself will receive an allocation of $DEM to its treasury.
Through these mechanisms, we aim to align the interests of $GDAO holders, Governor DAO, and Demos, fostering a mutually beneficial relationship.
Beyond the allocation, Governor DAO itself and $GDAO remain, and the DAO must achieve consensus on the intended future for Governor, independent of Demos.
After careful consideration, the team recommends Governor DAO: Original Vision (GOV) as the strategy moving forward. GOV reflects an automated, scalable system for metagovernance, allowing $GDAO holders to vote on behalf of other DAOs. Projects will lend or lease their tokens to Governor DAO to ensure active, diverse, and mature participation in their governance.
Given increasing regulatory pressure for projects to meet decentralization criteria, we believe there is a lot of demand for such a utility. Should we follow this route, Demos will be onboarded as the first user of GOV.
GOV presents a standalone value proposition for $GDAO, leveraging existing IP and history, while offering a straightforward use case for token holders to participate and advocate. The “Original Vision” culminates as a cohesive packaging on top of the original Governance-as-a-Service (GaaS) principles that drove Governor DAO from inception.
We encourage the community to engage in open discussions and contribute to the governance process. Your insights and consensus will shape the future of Governor DAO. We will provide additional material in the coming weeks to drive this conversation further.
Join the conversation, share your thoughts, and help us pave the way towards a decentralized future with Demos and Governor DAO. If you’d like to play a more active role in these projects, please reach out to the core team. Lastly, make sure to follow Demos on Twitter!
2022 @Governor DAO