DAO Nation is allocating 40% of the total supply of the $ESG token to the treasury to be ‘mined’ by the community through retainers, initiatives, or any activity that is in the long-term interest of the DAO. This process is formally called Governance Mining, where community members can earn $ESG rewards through direct participation in the network.

Participation implies generating growth and decentralization by impacting governance events, contributing to any of DAO Nations’ arms, or building a ventureDAO - an autonomous DAO within the DAO Nation ecosystem.

This ensures that the most active actors in the community get more influence over the future of the DAO.

Working Groups are the proposed format for community members to band together as teams within the different ****parentDAO ****arms, or incubated projects aimed to be spawned as a ventureDAO.

Each working group will submit its proposals and budget requests to its relevant DAO arm. Working Groups will submit updates on key KPIs on their progress to allow transparency and data for community members to vote on.

A differentiation that should be made between subDAOs:

• DAO Arms, or Department subDAOs, are comprised of various working groups operating as teams within each arm.
• Venture subDAOs are entrepreneurial working groups that spin out as their own sovereign DAOs.

DAO Nation plans to finance both of these - department working groups via governance mining, and ventureDAOs via direct funding made by the Investment Arm.

As far as subDAO-driven governance is concerned, each working group will be given a non-transferrable NFT as their working group vote on a proposal. For the obvious conflict of interest reasons, working group members cannot vote in parentDAO decisions directly related to them.

Token Utility

DAO Nation’s $ESG token will be utilized by holders throughout the DAOs’ ecosystem of products and services, from staking to participating in verified projects on the fully-integrated launchpad.

Members who stake their tokens accumulate veESG - the native governance token, so that they can take part in the parentDAOs’ voting and applying proposals. Governance participants will then be rewarded with $ESG for their contributions.

Token holders will also be able to participate in liquidity pools to provide and increase liquidity for $ESG with other tokens, and then use DAO Nation’s bonding feature.

veESG

As mentioned above, in order to participate in the governance process of DAO Nation and form various working groups - $ESG holders will be required to lock up their $ESG in staking contracts.

$ESG stakers will be rewarded with the non-transferrable governance token veESG.

Longer lock-up periods result in greater veESG rewards. As a result, the people with the most confidence get more influence on community governance matters. To further incentivize governance participation those who actively vote and submit proposals get $ESG in return.

Incentivizing staking and governance participation comes with the following benefits: