$FEVR Hodlers Club
“Without DAOs, what’s the purpose of decentralization?” — Pedro Febrero Head of Blockchain at RealFevr
Welcome to $FEVR Hodlers Club! 🎩
We have been defending transparency from the very start, and we want our faithful supporters to have a voice and to impact our governance.
Members of the club can vote and participate in the decision-making process🙏
The $FEVR Hodlers Club is built on Snapshot, a voting signalling tool that accounts for token balances. Essentially, Snapshot allows for people who hold certain tokens at specific dates to vote on proposals.
In terms of voting mechanics, there are several voting systems that RealFevr hopes to implement, and through trial-and-error, we expect to fine-tune our voting system to align with the community’s vision fully.
Details:
Access: https://snapshot.org/#/fevrhodlers.eth
Network: Binance Smart Chain
Symbol: FEVR
Voting Systems
While the traditional “one-token-one-vote” system will be the base layer for the FEVR Hodlers Club, depending on the community’s openness and desire to innovate, we open the doors to more exotic and novel voting mechanisms to be experimented with.
To explain the various options we can choose from, we’ve devised the following table.
Decentralized Autonomous Organizations, or DAOs, are a novel way to help token holders govern a protocol built over a blockchain, usually through smart contracts.
Essentially, there are many types of DAOs, governance mechanisms, structures, among other features that can make every single DAO genuinely unique.
Let’s discuss why we think DAOs are the future and how RealFevr will move towards greater transparency, openness and member inclusion.
“Make no mistake: DAOs will shape the future of organizations” — Fred Antunes, CEO at RealFevr
Bitcoin was the first financial on-chain DAO that was ever created. Every actor who participates in the bitcoin network has a vote, even though it may not seem that obvious:
- Miners choose which Bitcoin protocol to mine and support (BTC? BCH? BSV?)
- Developers choose which Bitcoin protocol repository to use,
- Organizations choose which bitcoin to buy and offer to their customers,
- And ultimately, users decide which bitcoin to transact and hodl.
Today, more blockchain protocols are bringing about a shift in the way we interact and transact. These protocols, led initially by Bitcoin and Ethereum (and its foundation), replace centralized trusted parties with decentralized, open networks of participants; how these protocols are being developed aims to reflect the technologies themselves: decentralized, open, and transformative.
Open-source software projects are nothing new. They have thrived and created many of the systems that have come to shape society. Do Linux, Android or Open Street Maps ring a bell?
Unlike the mighty, preordained cathedrals of proprietary technology, like Google and Facebook, that prey on users’ data, open-source projects have evolved in the fashion of bazaars with their sense of order emerging out of chaos. A truly spectacular concept that, once more, proves there’s order in chaos; entropy must ensue!
Commonly, DAOs work as follows:
- The founding team creates a coin and distributes it to its users — through an airdrop, ICO, IDO, or other mechanisms.
- Coin holders commit those coins to both the creation of proposals, the validation of recommendations and, ultimately, by voting in other suggestions by the community.
- The development team implements the most adopted proposals, which usually gets funded by a treasury managed by the community through the DAO.
DAOs Stats
Governance tokens have been a rising trend since 2016 when the DAO project (and subsequent hack) took place. Projects like Aragon and Alchemy more recently have been critical in shaping how DAOs exist today.
As you can see from the screenshot above, courtesy of Coingecko, the top-10 governance tokens already account for over $14 billion in market capitalization. That’s a considerable portion of the pie.
Hence, we believe that DAOs are here to stay and will help us shape the future of RealFevr and the FEVR ecosystem.
Conclusion
RealFevr is developing a truly unique ecosystem where community members can participate in the decision-making process.
While RealFevr remains a traditional organization, it is looking into the future of web3: token holders can also cast their votes to help the team implement their vision.
We hope that with the development of the RealFevr Holders Club we increase our transparency and that RealFevr community members see value in voicing their opinions.
What is RealFevr?
RealFevr is a company established in 2015 in the fantasy markets with a football fantasy leagues game that currently has over 2 Million downloads on App and Play Store. With the fantasy leagues concept proven now RealFevr is expanding to be the leader of the NFT Market by launching the First Ever Football Video NFTs Marketplace, fully backed by IP. NFTs will also be integrated into a new Football NFT P2E Game that’s currently under development.
To learn more about RealFevr:
Join us on Telegram (Community), Telegram (Announcements), Twitter, Discord and Website.
#RealFevr #NFTs #JoinTheFEVR
