The decentralized autonomous organisation (DAO) is to be instituted within the platform and facilited by staking the $MKZ token in the governance contract of the platform. Staking for longer duration yields more voting power.
Voting power will be determined by the formula :
VP = Voting power
Ts = Is the number of staked token
M = is a multiplier based on staking duration
The multiplier M (based on stake duration in weeks) :
Where (D) is the duration of the stake in weeks, this gives us the following multiplier curve based on duration as shown here.
Multiplier Bonding Curve
The platforms governance will have three disctinct stages :
The team is in full control of the project in order to develop the platform,
structure the processes and create a strong community.
transition stage from inception to full decentralization where the team is in control of the project but the Community are consulted on a forum or via off chain voting.
All decisions are submitted to on-chain votes secured by strict procedures and smart contracts.
The platform's governance rules comply with state-of-the-art governance systems such as Uniswap or Compound.