$Power airdrop soon!!! POWER FAQ What is Power Protocol? Power project is a

low-level governance protocol. Actual DAO’s will be built on top of it by the founders, but they can be launched fully independently as well. The first DAO to be launched based on the protocol is Mother DAO, Genesis DAO that interacts with Child DAO’s.

What is the idea of Power protocol in a nutshell?

It is not enough just to transfer real world governance (social decision making process) onto the blockchain to make DAO’s be efficient; blockchain can improve the decision making process itself, and improve on real world governance (corporate, public etc).

Power protocol is meant to improve crowd-intelligence with the “skin-in-the-game” approach. If you want to participate in decision making and potentially benefit from it you need to bear the consequence for bad decisions as well. $Power token has to be staked by anyone who wants to participate in the DAO governance; if the DAO goals are not achieved, staked tokens are “slashed”, taken away from the stakers.

If goals are achieved users who participate in decision making are rewarded with more $power tokens, which increases their governance power. Through this process “natural selection” of good decision makers takes place; if you make right decisions you get to make more decisions, and if you fail your input is reduced.

How does the protocol decide whether the governance is successful or not?

Power governance is based on a clear set of goals defined during a DAO initiation process. If the KPI’s set are met, decision makers are rewarded, otherwise they are slashed. If there’s a governance deadlock (for example a child DAO community cannot decide whether the KPI’s are actually met) the resolution is escalated to a larger Mother DAO community.


Why is $power token required?

Power protocol is inspired by blockchain consensus itself. One needs to possess a share in some limited resource in order to participate in consensus (computing power, token stake etc). We argue that the same applies to governance - governance power is a limited resource that you gain when you make the right decisions and you lose when you don’t. It cannot be unlimited because it would be possible to mount Sybil attacks on governance otherwise, namely come up with as many votes as needed to push through the required decision.
Total supply of $power is 1 million, and it cannot be increased.


Who gets $Power?

Initial airdrop will be carried out on Waves network to Waves holders. Subsequent airdrops will be made based on the governance decisions in Mother DAO. Power protocol is agnostic, chain-independent. Future airdrops can be made on other chains as well.


What are the first child DAO’s to be launched?

Core team will launch Waves DAO. It will focus on Waves ecosystem development. Anyone can launch a child DAO, though. Also existing DAO’s can be connected to the Power platform.


What should I do with my $Power?

We recommend you participate in Mother DAO governance. Your engagement matters, part of the $Power supply is reserved for Mother DAO participants. By actively participating in the governance process you will effectively be receiving a fixed income stream, akin to Universal Basic Income.

If you want to be even more engaged you can take part in Child DAO’s (or even initiate some of them). In this case your $Power has to be staked in them, and you potentially can earn more $Power and increase your governance role. Also you can lose your $power through slashing.


Is there any scientific basis behind Power protocol?

We argue that a clearly defined common utility, explicit monetary incentives and checks can resolve well-known paradoxes in social choice theory such as Arrow impossibility result. We plan to publish a research article discussing that.

Do you want money?

No, I want $Power 🙂

Will I get airdrop, if I am holding I'm binance??