dao.jimcoin.algo

Community controlled NFT Staking DAO

We have devised a fair and transparent system of checks and balances to govern the community staking DAO.

The Tinyman hack commerative nft

Tragedy gives birth to an idea

January 11th 2022 The Tinyman DEX on the Algorand Blockchain was hacked and many projects had their liquidity drained. Jim Coin lost $8,000 in liquidity and was the 11th most affected token.

Never Forget

A monument to villagence

The Tinyman Commerative Hack NFT is the main utility NFT of the Jim Coin ecosystem, and focus of the community NFT staking DAO.This NFT stacks its effects, meaning the more you hold the more rewards are possible.

Checks and Balances

dao structure

We have devised three layers of checks for our community staking DAO

  • Proposal Layer

  • Voting Layer

  • Ratification layer

Proposal Layer

Proposals

The proposal layer consists of 500 possible votes. A valid proposal must be accompied by 5 proposal votes.

Voting Layer

Voting

The voting layer consists of 8,000 possible votes. A valid proposal must receive at least 5% of the available votes and a simple majority to be considered an approved proposal.

ratification Layer

ratification

A valid approved proposal must recieve at least 1 Liquity Pool token in votes and a simple majority to be considered for final ratification.

dao tooling

XGov by headline

Jim Coin is committed to transparent fair voting using the XGov voting protocol powered by Headline on the Algorand Blockchain!

Jim Coin Links

Thank you

The Jim Coin Community NFT Staking DAO is a work in progress. Please stay tuned to out Twitter and Discord for details as they become avaliable.