📊FANT DAO
Crypto Fantasy Town evolves into a comprehensive ecosystem by constant modifications of various factors as per the DAO's decisions. Investors have the right to vote in proportion to the FANT quantity and can participate in various decisions. FANT DAO can modify the internal elements of the game, smart contact, NFT minting, etc. through voting, and if a certain level of voting is fulfilled according to DAO's rules, the revision will proceed accordingly. As FANT DAO goes through the stabilization phase of the system, DAO's authority increases incrementally and decentralization characteristics continue to grow.
First phase
In the early stages of DAO, most smart contacts are provided by Security Advisory Boards (SABs) that support Fantasy Town. SAB corrects possible errors and acts as a stabilizer for the Fantasy town system. The DAO in the first phase uses a snapshot platform that can be proposed and voted on, but works off-chain.
Smart contracts calls : FANT DAO, SAB
Contract upgrade : SAB
Contract audit : SAB
Platform : Snapshot
Second phase
Snapshots enable DAO to make quick decisions, but they have to rely on the SAB to make decisions on-chain. This method of delegation can reduce risks until DAO stabilizes in the early stages, but after stabilization, the operation of Fantasy Town’s ecosystem will become more transparent.
Leaders will be selected through DAO voting among users who have positively influenced FANT DAO through various proposals in the first phase. Selected leaders will be distributed the Mutisig wallet key of DAO Finance, and the leaders will directly upgrade the smart contract for the DAO agreement. However, in the event of a fatal defect or the equivalent for a contract, the SAB can immediately stop and fix the contract.
Smart contracts calls : FANT DAO Leaders
Contract upgrade : FANT DAO Leaders, SAB
Contract audit : FANT DAO
Platform : Snapshot, Aragon
Third phase(Final)
In the near-complete decentralization phase, all decisions are made by FANT DAO, and the contract audit is carried out by the FANT DAO's selected auditor. FANT DAO's own platform allows for modifications and development to the Fantasy Town ecosystem through a more diverse yet specific smart contract agreements.
Smart contracts calls: FANT DAO Leaders
Contract upgrade : FANT DAO Leaders
Leaders Contract audit : FANT DAO
Platform : FANT DAO Platform
Inflows and Outflows of the FANT DAO treasury
This model will start operating at the final phase. At this stage, the FANT will allocate funds from existing reward pools and treasury pools based on DAO decisions. FANT DAO treasury is the multisigwallet-based, and selected leaders will receive the keys.
In case of a shortage of funds, new leaders will be selected from DAO, and the DAO will allocate new funds from the reward pool to the FANT DAO treasury. The new FANT DAO treasury key will be given to the new leaders. Therefore, if FANT DAO continues to produce a surplus, staking rewards will increase and leaders will be able to participate in the decision-making process of such scenarios. On the contrary, leaders may be deprived of their positions according to the DAO's decision if funds are depleted in its entirety.
Inflows
Reward and treasury pool: allocation of funds from the existing reward and treasury pool.
Marketplace : external and internal NFT sales revenue
Market fee : internal market fee
Exclusive event fees : fees such as participation in the event
Guild competition fees : guild participation fee
Advertising : advertising revenue
Outflows
P2E reward : In-game rewards
Staking allocation : staking rewards
Token burn : partial token incineration such as commission
Infrastructure Maintenance : maintenance
Marketing : marketing costs
DAO Grants : subsidies to DAO members who contributed to the operation, including the discovery and correction of game and smart contract bugs.
FANT Team : team responsible for game as well as off-chain operation. (to reflect DAO opinions)
FANT Fund : Investment and operation of DAO treasury (including participation in Stable coin LPs)
Security Advisory Board (SAB)
Until DAO stabilizes, the SAB will be operated to increase the stability of smart contacts and to improve potential vulnerabilities proactively. The SAB consists of a Fantasy Town development team, but in phase 3, it is completely eliminated and all rights to be transferred to the FANT DAO.
FANT DAO Leaders
With DAO Finance's Mutisig wallet key distributed, leaders will act as smart contract upgrades, smart contracts calls, etc. for the content agreed upon by the DAO. Depending on the role of the leaders, chances of receiving grants will increase as the DAO develops.
Grants
Subsidies will be provided to members of FANT DAO who have contributed to various activities in Fantasy Town. Representative activities to provide subsidies include fixing bugs and vulnerabilities, improving current systems such as DAO and In-game, public relations activities, and contributing to the expansion of DAO treasury. After posting a proposal to DAO, members can vote and receive subsidies immediately through the smart contract.
FANT Fund
Users can participate as providers. When the DAO treasury is exhausted, the leader will be re-elected, so leaders will carefully propose and try to increase the DAO treasury's fund.
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