Aggressive Decentralization paper where it says
The WAVES commitment to decentralization
To demonstrate the commitment to this path, Waves team will be donating $10million of the governance tokens they currently hold for every project built on Waves, to the Waves Association DAO. The Waves Association community will therefore have FULL control over the governance of each individual project that commits to this initiative.
1) Where is the $10 million worth of governance tokens coming from?
PowerDAO shares, gWX, etc
2) If it is from the PowerDAO then where is the allocation coming from?
a) community allocation of 900k
b) Treasury's 100k
3) Is the amount $10 million allocated to the Waves Association DAO for each project?
This is from the Power.tech white paper
Allocation
The $POWER governance token will be highly decentralized at launch. Upon genesis, Power DAO
will mint and airdrop 90% of the total supply of $POWER, widely distributing governance authority
to the community. The $POWER token airdrop will be unlike any other airdrop before it and will
have novel distribution mechanics to ensure the Power DAO community can decide who will
receive $POWER airdrops.
The Power DAO treasury will retain the remaining 10% of supply for rewards, incentives,
buybacks and SP-DAO grants as decided by the community. $POWER’s allocation model is
intentionally simple to ensure the community has maximum control over its evolving utility
References:
https://blog.waves.tech/en/the-path-toward-aggressive-decentralization?hs_preview=MzLXSrPO-58037455308
https://d3gt43kg8a6ajr.cloudfront.net/Power_DAO_wp_Design.pdf
Thanks in advance for any feedback
is 10m fund for total or each project?
How much is that in dollars?
I think around $100,000
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