3. DAO
Decentralized Autonomous Organization
DAO is a structure that contains the contents of contracts that occur in the blockchain network in an encrypted code and is approved by multiple parties participating in the blockchain network, enabling collective decision-making toward a common goal without a central organization, and is derived from the application process of blockchain technology.
A fully structured DAO gives every investor the opportunity to form an organization. Because every rule, as well as every financial transaction, is recorded on the blockchain, DAOs are completely transparent, and everyone who participates can help decide how the funds are used and track how the funds are being spent.
The BIG5 Token ecosystem proposes, modifies, and decides major agendas within the ecosystem through the BIG5 DAO, a major decision-making body. The BIG5 DAO is operated by smart contracts and voting, and the governance token BIG5 is required to raise funds, distribute profits, and vote of community members through the BIG5 DAO.
The BIG5 DAO is implemented according to the staking rate of BIG5 tokens. DAO members are given the right to propose major issues in the BIG5 ecosystem such as fund operation procedures and methods, tokenomics, and participate in the decision-making process, and are entitled to receive dividend income when profits are generated due to the increase in the value of BIG5 tokens.
Members of the BIG5 DAO will be given voting rights in proportion to the amount of staked governance tokens, allowing them to participate in the decision-making process of the BIG5 DAO. You can vote for or against the proposed agenda, and you can directly propose the direction of using the funds raised by the BIG5 DAO and the direction of the BIG5 DAO business. In addition, profits from the activities of the BIG5 DAO can be distributed in tokens in proportion to the contribution.
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