Make LBS Great

LBS DAO Governance

In the spirit of "Only DAO Lasts Forever", the LBS DAO will make decisions about:

1. The distribution of 1/3 of the foundation is equivalent to 5% of the total token allocation. This is referred to as "Ecosystem Reward".

2. The share of 25% of the Mining 60% is equivalent to 17.5% of the total token allocation. This is referred to as "On-chain Interaction Reward".

3. Other significant matters include "Whether new dApp assets can receive power boosts."

1. Distribution of Ecosystem Reward:

Developers who "plan to" or "have" built applications on the LBS chain may apply for token support from the DAO Ecosystem fund.

Step 1: Proposal Application and Publicity

A proposal needs to be publicized for 5 - 15 days. During this period, developers can campaign in the community, and the official team will cooperate with community publicity (including but not limited to AMA, Twitter Space, Giveaways, etc.).

Step 2: Voting and Approval Conditions

Each proposal has a voting deadline of 3 - 5 days. Tokens within exchanges cannot participate in voting.

Approval Condition 1: Votes exceed 30% of circulating supply.

Approval Condition 2: Wallet addresses exceed 20% of total holder addresses.

Approval Condition 3: More than 50% of the votes support the proposal.

2.Distribution of On-chain Interaction Reward:

Developers who have built dApps on the LBS chain can apply for token reward support from the DAO Ecosystem fund.

Prerequisites for Application:

1. The dApp should have received the Ecosystem Reward, indicating preliminary community approval.

2. On-chain interactions should reach a cumulative total of no less than 1,000 interactions before an application can be initiated.

Specific Distribution Method:

1. Rewards are distributed according to the proportion of "project interactions" to "total on-chain interactions."

2. Rewards are settled and announced monthly. Dev team accounts can claim rewards from the monthly LBS DAO reward webpage.

3. To prevent cheating (data manipulation), the foundation has the right to "veto" within the first year of the mainnet launch. After one year, the "Interaction Fund" governance will transition to a fully decentralized DAO.