ANGOLA
Search
K

Governance

The Angola system is run as a Web 3.0 DAO with no intermediaries. The parties of the DAO are composed of ecosystem participants and investors in the Angola Project. We provide customized data information to consumers, and those consumers provide continuous feedback for the further development of the Angola system.
The Angola Ecosystem will provide a staking pool for on-chain governance, comprised of the most valuable supporters to increase the value of the system and tokens.
Governance organized in the form of consortiums will grant decision-making rights only to those institutions and organizations, which have been constituted and authorized by the foundation.

Decision-making regarding rewards

Angola Governance has four decision-making authorities.
First to be addressed will be the agenda regarding the rewards policy.
The rewards policy is initially established during the development of the foundation and the initial parameters of the system, but once governance is established, the agenda for the reward rate is thereafter voted on monthly.
Voters will be interoperated with the wallet contract of those who participate in the governance staking pool, and voting for decisions will be conducted with the voting station function of the Angola system.
Members of each governance period can cast their votes per their voting rights and will thus receive a governance reward for it.

Decision-making regarding token burning policies

The foundation limits revenue as denominated in tokens each month, and governance determines the rate of burning when monthly the burning is executed. The remaining token revenue can be returned to the Reward Pool.
Burning tokens or returning them to the mining pool will increase the value of the token in question and promote the development of the Angola Ecosystem.

Decision-making on transaction fees

Transaction fee decisions will affect all transactions made in the system or transactions made in relation to NFTs, which will impact on the entire system ecosystem.
Therefore, the decision-making authority within governance shall not exceed the bounds for the transaction fee established by the foundation and system. The agenda for the transaction fee is proposed every three months.
Last modified 11mo ago