Welcome to SPACE ID DAO
SPACE ID DAO is governed by $ID token holders and controls the funds held in the DAO Treasury. It provides a framework for our community to work together towards common goals, all within a transparent, secure, and decentralized environment.
50% of the total net revenue generated on the SPACE ID platform will be allocated for the purchase and burning of $ID tokens.
The remaining 50% of the total net revenue will be added to the DAO Treasury and governed by all eligible $ID token holders.
All proposals submitted to the DAO will undergo a two-step process.
A draft proposal must be submitted on the SPACE ID governance forum.
After the community has reviewed and discussed the proposal, if the proposal is ready, collaborate with our community manager to schedule a snapshot vote.
For a DAO proposal to pass, it needs to receive a minimum of 50% passing votes from wallet addresses holding a total of at least 5,000,000 ID tokens.
Once a proposal is passed, it will be executed by the core team, with funding distribution (if required) authorized by the multi-sig signers elected by the DAO.