Kokonut Moloch DAO
Dive into the Governance Mechanics for Kokonut Legacy DAO ⚙️
Moloch DAOs don't have any administrators or trusted intermediaries. All decisions are made through proposals executed directly against the treasury or vaults.
Terminology
Definition
Network Chain
Kokonut DAO is deployed on Gnosis Chain, a highly secure, resilient, and decentralized EVM-compatible layer 1 network.
Moloch Framework
Any DAO member can withdraw their stake and receive a proportional share of the Kokonut DAO treasury assets.
Permissionless
Contributors can enforce governance through Rage-quit, allowing them to remove their tribute from Kokonut DAO if they are uncomfortable with its direction.
DAO Components
Moloch DAO Tokens: Non-transferable tokens, which are “Soul Bound” to your wallet, cannot be sold in the open market. No one can take away your ownership of Coconut Trees.
Terminology
Description
Contract
Voting Tokens
Tokens held by DAO Voting Members are minted on-demand via DAO Proposals by doing a tribute to the treasury.
Loot Tokens
Non-voting tokens are awarded based on Proof-of-Work to Land-Owners, Contributors, Core Team, and Partners that contribute value to the DAO.
Tokens & Vaults Management
Smart Contracts that handle token issuance and DAO Smart Wallets are managed via Proposals with Kokonut DAO as the sole signatory.
Kokonut DAO Main Treasury
Rage-quit-enabled SAFE Wallet which handles the minting, burning, and ragequit of the DAO Native Tokens.
Voting Power Distribution
DAO Members have total control over the decisions; Kokonut DAO is a community-led organization using the Moloch Framework as its on-chain coordination mechanism.
DAO Membership Perks
Entitlement
Description
URL
Kokonut DAO Voting Power
$vKKN token gives holders voting power in the DAO, weighted based on the total circulation of $vKKN
Proposals Sponsorship
DAO Members with at least 1 voting token can vouch for proposals to be entered into the voting phase.
Community Coordination Hub
Charmverse Workspace for Community Proposals, Forum, and Bounties for members of the ecosystem to interact and collaborate on ideas.
On-demand Meetings
DAO members can request meetings with Core Team Members from Kokonut Network.
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