7. Governance Model

Decentralized Autonomous Organization (DAO)

The governance of Nebula Token is structured around a Decentralized Autonomous Organization (DAO), which empowers token holders to have a direct say in the decision-making processes. The DAO framework ensures that the project is truly decentralized and that the community has control over its future direction. By leveraging smart contracts, the DAO automates the governance process, allowing for transparent and secure decision-making without the need for a central authority.

Key Features of the DAO:

• Community-Controlled: All significant decisions, from protocol upgrades to the allocation of resources, are made by the community through a voting system.

• Transparency: All proposals, votes, and outcomes are recorded on the blockchain, ensuring transparency and accountability.

Voting Mechanism

The voting mechanism within the Nebula DAO is designed to be fair, secure, and inclusive. Each NBT token represents one vote, giving every token holder a proportional influence over the decisions made.

Voting Process:

• Proposal Submission: Any community member can submit a proposal for consideration. Proposals might include suggestions for new features, changes to the protocol, or allocation of funds.

• Quorum Requirements: For a vote to be valid, a minimum quorum of participating tokens must be met. This ensures that only proposals with significant community interest are considered.

• Voting Period: Each proposal has a defined voting period, during which token holders can cast their votes. Votes are tallied automatically by the smart contract.

• Implementation: If a proposal is approved by a majority of votes, it is automatically executed by the smart contract, or scheduled for execution by the development team if it requires manual intervention.

Community Participation and Decision-Making

Community participation is at the core of Nebula Token’s governance model. By engaging in the DAO, community members can influence the project’s trajectory and ensure that their voices are heard.

Encouraging Participation:

• Incentives: Active participants in the governance process may be rewarded with additional NBT tokens or other benefits, encouraging more community members to take part in decision-making.

• Education: The Nebula team will provide educational resources to help community members understand the governance process and the implications of their votes.