PlaceDAO is the decentralized governance body of PlaceWar. Through $PLACE and PlaceDAO, PlaceWar will gradually evolve into a game universe owned and governed by the community.
Holders of $PLACE are able to initiate proposals and participate in decision making by voting with their token staked. Decisions that users are able to make covers a all aspects of PlaceWar.
The PlaceDAO is based on a quadratic voting system. The voting power of an individual is not determined by proportion of tokens owned, but the weighted average of token locked up and lock-up period. As a gaming community usually takes several years to grow and mature, such a voting mechanism can make sure the game is governed by those who do care about it in the long run.
In order to create a viable gaming community, a part of $PLACE from Ecosystem Fund and Play-to-earn program will be injected into PlaceDAO treasury. A part of the game tokeneconomics will be integrated into DAO voting:
Winners of Creator Reward of every season
Adoption of new tank designs by users
Punter Room limit
and so on.
In the future, fees generated in PlaceWar will be placed in PlaceDAO Treasury governed by community members.