DAO Governance
Last updated
Last updated
WILD dApp will be governed by a Decentralized Autonomous Organization (DAO). Specifically, community projects are reviewed for WILDCOIN holders to make decisions related to community support efforts.
Suppose the community votes to support a project. In that case, 10% of the pool of WILDCOIN is distributed within the ecosystem: 5% is returned to WILDCOIN holders who participate in voting, and the remaining 5% is allocated to the development of the WILDCOIN ecosystem.
Bob takes his Sparky to Carol, the veterinarian. Sparky swallowed an object that required surgery. Carol says the procedure will cost USD 2,000. Bob doesn’t have the money to pay for the surgery, and without it, Sparky will have to be euthanized. Bob has never missed a preventative care appointment, feeds Sparky regularly, and gives him plenty of clean drinking water. Carol writes her recommendation within the ARM system (mentioned above). This recommendation is tied to Sparky’s ADID, and Bob submits his community support request through the WILD dApp. The project is voted on and funded by users with WILDCOIN, and the token is deposited into Bob’s wallet to pay Carol for the procedure, medication, and follow-up appointments.
Bob makes regular payments, including the agreed-upon interest rate, to repay the outstanding balance. By paying his outstanding loan balance on time, Bob builds his WILD Social Credit Score and can submit future loan applications.
