CoinCredit DAO

Grow your asset value in community

Take part in, decide CoinCredit’s Future!
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What is the CoinCredit DAO?

DAO stands for “Decentralized Autonomous Organization”. The CoinCredit DAO owns the most important smart contracts and assets that make up CoinCredit – the CC Contract, the P2P Contract,  Content Servers and the Marketplace. It also owns a substantial purse of Crypto which allows it to be truly autonomous as well as subsidize various operations and initiatives throughout CoinCredit!

Why has the DAO been created? How is it relevant to me?

CoinCredit is the first fully decentralized P2P. It was always part of the original vision to hand over control to the people who create and play in this virtual space. In short – you, the users. Through the DAO, you are in control of the policies created to determine how the world behaves: for example, what kinds of Collateral crypto are allowed (or disallowed) after the launch of the DAO, moderation of content, policy and auctions, among others.

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How does the DAO work?

The community will propose and vote on policy updates, future auctions, whitelisting of smart contracts to be allowed inside the community, and whatever the community deems relevant. Voting takes place on the CoinCredit DAO’s governance interface, powered by Tron.

What kinds of things will you get to determine?

  • Over the coming year we’ll be scheduling votes to decide on a range of issues, including (but not limited to)
  • Upgrading CoinCredit to add more features and protocol upgrades
  • Specifics and dates of future crypto auctions.
  • Size of marketplace fees, which are always in Platform coin that gets burnt.
  • Primary sale fees, which are always in Platform coin that gets burnt.
  • Addition and replacement of community-run content servers..
  • Addition of new  World, Builder and Marketplace.
  • Replacing members of the Security Council.

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What about CC Coin?

CC Coin has already been fully decentralized, in the sense that the private key that controlled its smart contract has been thrown away.

More Info

Security Advisory Board? What’s that?

The DAO is supported by the Security Advisory Board (SAB). The SAB acts as the guarantor of contract security, tasked with the job of providing a swift response to bug reports. The Board will be able to quickly upgrade the smart contract implementation of the CoinCredit smart contracts and replace it with a bug-free version upon receiving a responsible disclosure bug report. All contract updates must be unanimous. Comprising 5 members, the Board will be made up of several expert entities or individuals initially chosen by the CoinCredit team and later appointed by the community.

How can SAB members be changed?

Members can be changed by the Aragon DAO – a vote must be started to remove or install a new member. This is an action that will involve the community using CC Coin. A member of the SAB creates a vote for the community to add or remove a member of the SAB and community members use CC Coin to cast their vote. “You can read more about the Security Advisory Board here.

How do I elevate a Vote?

Initially, until fraud risk is reduced to its minimum extent possible, votes will only be created and scheduled by the Security Advisory Board (SAB).

Get Involved

The DAO is your platform to greater control and influence over the development of Decentraland and we urge you to exercise your right to vote and positively shape our virtual world.

All Questions

Among below crypto, What's the Crypto you want to add as collateral asset the most?

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Do u ever buy any AltCoin?

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