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Governance

Overview​

Anyone will be able stake NAT to earn new NAT in the form of voting rewards. Staking NAT will create a neuron that can vote on proposals that update, manage, and configure the platform. A neuron can also be configured to vote automatically by following other neuron.

Voting power​

With the parameters defined at the configuration page, the voting power at genesis will be divided between the sale participants and the founding team/seed funders (assuming 100% of participation) as follows:

voting power at TGE

In conclusion, as illustrated in the chart above, the team and funders will possess less voting power than the other participants: 49.15% vs 50.85%.

First proposals​

After the decentralization swap is finished, the team will submit proposals to the Neural Arena DAO that include:

  • Transfer ICP and NAT to DEXes to enable trading of the tokens and add liquidity.
  • Establish of a Neural Arena DAO Association in Switzerland to provide us an official recognition, protect our community and team, empowering the platform to operate with confidence, credibility, and a robust legal framework.
  • Contract an auditing firm to do a complete code review.
  • Motions to list NAT in crypto price data sites, such as CoinMarkCap and Coingecko.
  • Lock 85.0% of the ICP treasury on 6 NNS neurons, with ICP being staked as follows: 15.0% for 6 months, 12.5% for 12 months, 12.5% for 18 months, 15% for 24 months, 10% for 36 months, and 20% for 48 months.
  • Request ICP to cover the expenses budget for operations, compensation, and team expansion, after submitting a detailed proposal.