DAO
What is the Vuco World DAO?
DAO stands for “Decentralized Autonomous Organization”. The Vuco World DAO owns the most important smart contracts and assets that make up Vuco World – the LAND Contract, the Estates Contract, Wearables, Content Servers and the Marketplace. It also owns a substantial purse of Vuco Coin which allows it to be truly autonomous as well as subsidize various operations and initiatives throughout Vuco World.
Why has the DAO been created? How is it relevant to me?
Vuco World is the first fully decentralized virtual world. It was always part of the original vision to hand over control to the people who create and play in this virtual space. In short – you, the users. Through the DAO, you are in control of the policies created to determine how the world behaves: for example, what kinds of wearable items are allowed (or disallowed) after the launch of the DAO, moderation of content, LAND policy and auctions, among others.
How does the DAO work?
The community will propose and vote on policy updates, future LAND auctions, whitelisting of NFT contracts to be allowed inside the World, Builder and Marketplace, and whatever the community deems relevant. Voting takes place on the Vuco World DAO’s governance interface, powered by Aragon.
What kinds of things will you get to determine?
Over the coming year we’ll be scheduling votes to decide on a range of issues, including (but not limited to)
Upgrading LAND and Estates to add more features and protocol upgrades
Specifics and dates of future LAND auctions.
Size of marketplace fees, which are always in Vuco Coin that gets burnt.
Primary sale fees, which are always in Vuco Coin that gets burnt.
Addition and replacement of community-run content servers.
Allocation of Vuco Coin grants to development efforts.
Addition of new wearables to the Vuco World Marketplace and New Builder options.
Replacing members of the Security Council.
