WEMIX has announced the global recruitment of the newly launched WONDER DAO. This is the first DAO to be launched on the NILE (NFT Is Life Evolution) platform and is responsible for the first node of the 40 WONDERS – the WEMIX3.0 mainnet’s Node Council Partners (NCPs).
WONDER DAO is a decentralized autonomous organization that operates through the NEITH Protocol. The protocol facilitates all DAO operations, providing effortless community organization and self-tokenomics creation. Its members will join forces with other NCPs to contribute to the stable operation of the WEMIX3.0 mainnet and the growth of the DAO and the WEMIX mega-ecosystem.
The participation process for WONDER DAO Station involves joining the recruitment with WEMIX and acquiring WONDER (DAO Token, WDR) after the recruitment period ends. Participants may choose to acquire g.WONDER (Governance Token) by staking WDR at their discretion to participate in future DAO and WEMIX 3.0 mainnet ecosystem decision-making.
The PMR (Block Minting Reward) allocated to the 40 WONDERS will be utilized by the WONDER DAO to contribute to the growth of the DAO and the WEMIX mega-ecosystem. According to NEITH Protocol’s smart contracts, PMR will either be reserved for the DAO or used for token buybacks. Buybacked DAO tokens will be burned or distributed to stabilize the DAO token’s value and strengthen the governance membership’s status.
The recruitment for WONDER DAO Station started on April 14, 2023, 11:00, and it will last on April 24, 2023, 11:00 (UTC+9). The recruitment target amount is 1,700,010 WEMIX, with a minimum participation criterion of 10 WEMIX or more and no maximum limit. WONDER issuance will be 1,900,010 WDR, and the WONDER exchange rate is 1 WEMIX = 1 WDR. Currently, 200,000 WEMIX and 200,000 WDR of the total WONDER issuance will be used to create liquidity pools.
With the NEITH Protocol, WONDER DAO establishes a self-sustaining tokenomics system and fosters a transparent, ever-evolving community through on-chain governance.
For more information about WONDER DAO, you can visit https://www.nile.io/dao/wonder/station.
Read Also: NILE Launches First DAO Lineup on WEMIX3.0 Mainnet for Sustainable Ecosystem Growth