GOA DAO Governance

The GOA DAO (Decentralized Autonomous Organization) is the foundation of Guardians of Amazonia’s governance system. It is designed to ensure fairness, transparency, and community-driven decision-making. Through a combination of decentralized governance, transparent tokenomics, and smart contract automation, GOA DAO empowers token holders to influence the direction of the project. This ensures long-term success while remaining true to our mission of protecting the Amazon rainforest and supporting global conservation efforts.

Voting Rights Allocation

Eligibility: To participate in the governance of GOA DAO, users must hold a minimum of 100 GOA tokens. This ensures that voting remains inclusive while preventing large holders, or whales, from monopolizing decisions.

One Wallet, One Vote: Regardless of how many tokens an individual holds beyond the minimum, each wallet receives one vote. This creates a fair, decentralized voting system, ensuring that all participants have an equal voice in shaping the future of GOA.

Proposals and Voting Mechanism

Proposal Submission: Community members holding at least 100 GOA tokens can propose changes or new projects. These proposals can range from allocating funds for conservation efforts to enhancing the features of the GOA NFT marketplace.

Voting Process: Once submitted, proposals enter the voting phase, during which eligible wallets can vote. The smart contract automatically tallies votes, ensuring a transparent, fair, and tamper-proof decision-making process.

Decision Implementation: After the vote, the smart contract executes the decision without any interference from centralized authorities, reinforcing the decentralized nature of the DAO.

Decentralized Control

Burning Mechanism: To foster long-term sustainability and increase token value, 10% of governance fees(from transactions, proposals, and decisions) are burned. This removes tokens from circulation, reducing supply and potentially increasing the value of the remaining tokens. Conservation Allocation: Another 10% of fees collected within the DAO is directed to the Community Conservation Fund, which supports various conservation projects, including reforestation efforts and wildlife preservation. These funds are governed by the community, ensuring that they are allocated to meaningful environmental initiatives.

Decentralized Governance:

The GOA DAO ensures that no single entity controls the project. Decisions are collectively made by the community, fostering a resilient and adaptable project driven by shared values.

Fair Voting Structure:

The one wallet, one vote structure prevents centralization and ensures fairness, giving every community member an equal opportunity to influence the project’s direction.

Financial Transparency:

Every transaction, proposal, and vote is recorded on the blockchain, allowing participants to track fund allocations and governance actions in real-time. This transparency is vital for maintaining trust and accountability.

Long-Term Token Value:

The burning mechanism gradually reduces the circulating supply of GOA tokens, which could lead to long-term price appreciation. Linking governance fees to token burns encourages long-term participation from the community.

Direct Impact on Conservation:

The Community Conservation Fund allocates 10% of all governance fees to environmental projects. These projects are proposed, voted on, and implemented by the community, ensuring that GOA’s conservation efforts are directly shaped by its members.

Proposal Creation

Any community member with 100 GOA tokens or more can submit a proposal via the GOA DAO platform.

Proposals must detail the project, initiative, or change being requested, allowing the community to review and debate.

Voting Process

Once a proposal is submitted, it remains open for voting for a set period (typically 7 days).

Each wallet holding at least 100 GOA tokens gets one vote, regardless of additional token holdings.

Proposal Approval

If a proposal receives a majority vote, it is implemented automatically through the smart contract. If rejected, the proposal is archived, and new ones can be submitted.

Fee Distribution

Upon successful proposal implementation, fees collected from the governance process are distributed as follows:

10% of total fees are burned, reducing the circulating supply of GOA tokens.

10% is directed to the Community Conservation Fund, reserved for environmental projects that are selected by the community.

Proposal Submission

A community member submits a proposal to reforest an area impacted by deforestation, detailing the goals, timeline, and funding required. This proposal is sent to a third-party validator.

Third-Party Validation

The validator reviews the project to ensure its legitimacy and compliance with procedural standards. Once validated, the project is certified as real and necessary.

Voting

The proposal is then presented to the GOA community for voting. All eligible token holders can cast their votes.

Approval and Implementation

If the community approves the proposal, funds from the Community Conservation Fund are distributed, and the third-party validator monitors the project’s progress to ensure proper execution.

Burning Mechanism

A portion of the fees generated by the proposal and voting process is burned, reinforcing the long-term value of the GOA token.