The GuardDAO
What is the GuardDAO?
What is a DAO?
DAO stands for Decentralized Autonomous Organization and is an organization that has all its codes, rules, and regulations stored on the blockchain for transparency. DAOs are controlled by the organizing members and are not influenced by a central government. This means that all decisions in the DAO are made with governance from all its stakeholders.
Introducing the GuardDAO
The GuardDAO will enable holders to participate in the governance of the project via a descrentalised autonomous organisation (DAO). The GuardDAO participants will be able to excersize voting rights on key decisions within the Vanguards Ecosystem.
As members of the GuardDAO, individuals will be able to submit proposals, vote on proposals and develop the future of the Vanguards Project.
The GuardDAO will enable holders to utilise the Community Wallet Funds, and control elements of the $GUARD Token to ensure a long term and viable structure is implemented to maximise the longevity and success of the Vanguards Project.
In order to provide a fair DAO structure, the GuardDAO will be divided into two types of holders.
The GuardDAO will be offered to those who hold atleast 100,00 $GUARD tokens will empower an individual with access to the DAO.
All individuals will only be eligible to vote once per proposal, to ensure that DAO positions cannot be manipulated.
The GuardDAO will be controlled by a Governance SPL Token.
GuardDAO Activities:
- Administrative and Investment Proposals
- Fortnightly strategy meetings, with meeting notes available to all members of the Vanguards community
- $GUARD Tokenomic Proposals and Votes
- Application of the $GUARD Treasury Wallet, and LP Contributions.
The GuardDAO Roadmap
Phase 1:
The GuardDAO will open at 100 members.
As the $GUARD token is earnt via staking rewards, there will be a certain amount of time until the DAO has enough members to make successful and efficient proposals and votes.
During the initial phase of the roadmap, proposals and votes will aim to capture ideas and improve on existing strategies regarding the future and investment of the Community Wallet.
Phase 2:
The GuardDAO Board will open.
The GuardDAO Board will provide a space for individuals to speak openly, and review specific elements of the project.
The GuardDAO may opt to make extensions to the existing team to secure the longterm objectives of the Vanguards Project, with key considerations such as the $GUARD LP and Treasury applications.
Phase 3:
At the completion of the initial roadmap, the GuardDAO will take greater control over the project and shape the future for Vanguards.