DAO Unveils a Sustainable Governance Framework and launches the ATLAS Locker.
Two visionary additions have given the community power in the Star Atlas DAO.
With a vision focused on shaping the future, the Star Atlas DAO has published a Sustainable Governance Framework, a long-term plan detailing how Star Atlas will be governed by its community.
The Star Atlas DAO also launched a locker for ATLAS, the in-game currency, which provides users with discounts on secondary NFT asset sales on the Galactic Marketplace, as well as incentives in POLIS tokens, which are the governance token for the DAO.
What is the Star Atlas DAO?
The Star Atlas DAO is your opportunity to influence the destiny of every aspect of Star Atlas.
“The Long-term vision of Star Atlas is an autonomous, player-owned game, fully controlled and funded by decentralized governance."
- Star Atlas white paper
How does the DAO work?
Utilizing multi-signature wallets and on-chain proposal voting, members decide economic and political control of the entire Star Atlas Metaverse.
Decentralized Autonomous Organization(s), or DAO, are member owned governance organizations whose actions are programmatically determined by on-chain consensus mechanisms. The Star Atlas ecosystem is guided by the DAO with governances for player guilds, regional and factional authority, and ultimately, the future for all its citizens.
Leadership by Commitment.
Voting power is determined by both the quantity of tokens as well as the length of time one is willing to commit their resources.
The Star Atlas DAO uses a voting-escrow (VE) model in which POLIS tokens are staked in an escrow account in return for voting power. This voting-escrow model favors community members with long-term conviction in the Star Atlas vision, and is resilient against governance attacks such as just-in-time voting or flash loan exploits.
Proposals and Voting.
Bring your best concepts to life through detailed proposals and get consensus through on-chain community voting.
The Star Atlas DAO will use POLIS Improvement Proposals, or PIPs, to provide information to the Star Atlas community about proposed new features, processes, or experience changes to the Star Atlas Metaverse. Authors provide concise technical specifications and rationale for a feature while building advocacy within the community through engaged discussions.