📕DAO Governance Code

TigerDAO Governance Code (Pilot Version)

https://www.seektiger.com/dao.html

Introduction

Seek Tiger is committed to be web 3.0 based gamefi aggregation platform under the support of smart contract and community Dao governance, realizing the metaverse ecosystem and cross-chain integration system of NFT transactions, providing a cross-chain aggregation game environment for players, enabling the value circulation of game assets among virtual social network creators and investors. In order to enhance the prosperity of the platform ecosystem, empower STI asset system, and empower virtual world users with a stronger sense of participation, Seek Tiger will officially launch the DAO governance to fully release the power and energy of the community.

1. Summary

STI#0 is the founding proposal of Seek Tiger governance. This proposal tries to elaborate the definition, meaning and scope of Seek Tiger governance, clarify the objectives as well as the basic principles of Seek Tiger governance, and standardize the interactions and the process of making proposals for Seek Tiger governance.

2. Motivation

To let all members in the Seek Tiger community have a clear understanding of the whole Seek Tiger governance, know the core principles of Seek Tiger governance, and how to use STI tokens to participate in the improvement of Seek Tiger.

3. Description of the proposal

3.1 Definition of Seek Tiger Governance

Seek Tiger will be jointly managed by all holders of STI or the DAO Medal. Under the basic principle of "1 STI 1 vote", a reasonable governance system will be constructed and improved by Seek Tiger community members to achieve community governance. Different voting weights can be set for users who participate in STI ecology in such ways that exchange addresses and holders of locked, non-circulating STI tokens do not have voting rights.

3.2 Significance of Seek Tiger Governance

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Short-term: Improve Seek Tiger's related product development, give full play to and unite the power of community members, bring in external resources for cooperation, and expand the influence of the community.

Long-term: Seek Tiger has been committed to implementing DAO governance, which is the core and long-cherished dream of Seek Tiger, and is one of the fundamental characteristics that distinguish Seek Tiger from other Gamefi project.

3.3 Scope of Seek Tiger Governance

STI or DAO Medal holders can start discussions on the following matters to help the growth of the Seek Tiger.

Community development

On tokenomics

Important parameters of the Seek Tiger model

Collaborations with other projects

Collaborations with exchanges

Other STI marketing strategies

In the future, STI holders should gradually achieve full control over Seek Tiger, and ultimately decide on various matters such as Seek Tiger's product development direction, STI market expansion plan, technical route, asset security, and ecosystem incentives, etc.

3.4 Process and Specification for Making Community Governance Proposals

Any proposal that does not follow the naming format and posting specifications in the proposal forum will be considered by the forum administrator as illegitimate and will not be top discussed. We encourage proposal content to be written in English.

3.4.1 Community Discussion Stage

Forum address:

Estimated discussion time: 3 - 7 days

Community discussion is a necessary pre-proposal stage before an issue can be proposed. It helps to enrich the content of the proposal and may lead to various answers and discussions.

Proposal initiators first need to post the proposals in the discussion forum with the following naming convention.

[STI Proposal Discussion] + Discussion Topic + [Discussion Stage].

[Discussion Stage]: Please choose among the following options as per the actual progress.

Opinion Solicitation (seeking community opinion and serving as a pre-public announcement)

Discussion closed (the end of the opinion solicitation; the initiator start to lay down the official proposal)

Discussion Cancelled (the initiator gives up the proposal)

3.4.2 Proposal Stage

Proposals are posted at:

Expected voting time: 3 - 7 days

After the draft proposal is fully discussed in the discussion forum, it can enter the formal proposal stage.

At this stage, the initiator needs to change the discussion stage to [Discussion Closed] in the forum and post the proposal in the "Proposals" section of the forum.

3.4.2.1 Proposal naming

Please follow the following rules for proposal naming.

[Proposal number] + Proposal name + [Proposal stage].

The format of [Proposal Number] is STI#00 (please fill in the specific number according to the order of the proposal)

[Proposal stage] can be selected from the following options

Open

Completed

Approved

Disproved

The name of the proposal should be as concise as possible. It is suggested that the naming can be oriented towards what problem to solve, what cooperation to reach, what model to design, and what product to develop, etc.

3.4.2.2 Proposal content

The beginning of the proposal should include the following information.

Proposal number: e.g. STI#00

Proposal date: e.g. January 1, 2022

Proposal name: xxxx

Proposal type: (e.g. product, operation, community, collaboration, tokenomics)

Initiator: xxxx

Please structure the main body of your proposal in the following way:

Outline

Background

Motivation

Description

3.4.3 Voting rules

Community users can hold STI tokens or DAO medals and vote on the community proposals under the principle of “1 STI 1 vote". (Exchange addresses are not eligible for voting.)

Voting token: STI

Voting rules: 1STI 1 vote for each address; however, different voting weights can be set for users participating in the STI ecosystem

Voting period: 3 to 5 days (based on the release time of the proposer)

Voting through: At the end of the voting period, if the proposal receives more than 51% of votes, it is considered passed and can enter the implementation stage; otherwise, it is considered failed.

3.4.4 Execution and Feedback

After the adopted proposal is executed, the initiator should add the corresponding feedback in the proposal stage section.

Please choose the proposal stage from the following options:

In progress: You need to update the progress of the proposal in the reply.

Implementation completed : You need to show the implementation result in the reply.

Implementation interrupted

Not Implemented

If you choose “Implementation interrupted” or “Not Implemented”, you need to add the corresponding reasons and publicize them to the community users.

4. Voting mechanism

Considering that the game is still in its early stage and the community users are still unfamiliar with the DAO governance mechanism, Seek Tiger will adopt the basic logic of "Govern to Earn" to operate DAO governance. This operation is also to encourage and develop community users' deep participation in DAO. Before participating in DAO governance, players will need to stake a certain amount of STI tokens to gain voting rights, and users will be rewarded for voting and making proposals.

Seek Tiger's DAO adopts a parliamentary voting system to protect DAO members and community nodes, and any community user can be a proposal initiator. Seek Tiger Dao will be a voluntarily initiated, self-organized and self-managed blockchain community. It is not a company or entity owned by a few founders and investors, but a borderless organization owned by the people who create value in it. Ownership, power and control are spread throughout the community. Each person has a unique impact, regardless of ability and experience. Every community member committed to developing and achieving Seek Tiger's shared mission is on an equal footing. Community users are welcome to make proposals, participate in discussions and vote on the platform. Via community governance, you decide the future of Seek Tiger!

This is a pilot version. To vote needs STI tokens. In the official version, STI tokens and DAO medals will be used for voting.