🚨UTXO DAO

What is a DAO: A decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottom-up management approach decentralized by the community.

Community proposals

Community proposals are proposals regarding community feedback. Via community proposals the community could provide direction where to go to or what to they would like to see.

Note: Only wallets holding 100K plus UTXO tokens could upload a community proposal. It also costs 100 dollars in BTC to upload a proposal. This transaction will be split up in 2 separate transactions. 66 Dollars goes to the UTXO community treasury wallet and 33 dollars goes to the developers' wallet for creating and hosting the UTXO dapp.

Note: If you want to upload a proposal you need to pay 2 transactions thus you need to cover two times the gas fee in BTC.

Note: Voting on the community proposal is free. The only requirement is that your wallet need to hold 1 or more UTXO tokens. The voting power of 1 is equal to 100 UTXO tokens. Also, UTXO has implemented a whale cap with a maximum of 500K UTXO per wallet thus max 5000 voting power per wallet. If you hold more UTXO inside your wallet your voting power will not in increase.

Note: Users / wallets need to pay an collateral (amount) in btc for the gas fee to inscribe the proposals end result on-chain on top of bitcoin inside an UTXO. This is only necessary for users who upload a community or dapp proposal.

Voting on proposals

Voting on the community proposal is free. The only requirement is that your wallet need to hold 1 or more UTXO tokens. The voting power of 1 is equal to 100 UTXO tokens. Also, UTXO has implemented a whale cap with a maximum of 500K UTXO per wallet thus max 5000 voting power per wallet. If you hold more UTXO inside your wallet your voting power will not in increase.

Activity tab

The activity tab shows all data regarding a specific wallet:

* Wallet active since.

* How many proposals created.

* How much the wallet has funded in btc for dapp proposals.

* How much the wallet has voted on proposals.

* Leaderboard shows the ranking number of the specific wallet in BTC funding volume for UTXO proposals.