Forest DAO

Project Forest aims to establish a decentralized autonomous organization (DAO) in their ecosystem.

In order to create an open and transparent community, Project Forest introduces DAO Governance to their ecosystem. A DAO, or decentralized autonomous organization, is where community members and token holders are in control of the organization's structure rather than a central government. The structure is often transparent and created by encoded rules.

Project Forest has implemented DAO governance in its ecosystem to keep the decision-making regarding donations, partnerships, and reforestation activities decentralized and establish transparency in their ecosystem. Project Forest will collaborate with various global environment-protection organizations to establish a DAO system online and offline.

Forest DAO will mostly consist of various members belonging to NGOs and other environment-focused initiatives and will allow them to enter and be a part of the voting governance. The members and $LEAF holders can distill technical changes and provide proposals that are agreed upon by the majority of the community in regards to game features, mechanics, gameplay, or provide new ideas for the development of the project. Moreover, members of the Forest DAO will receive rewards, details of which are underlined in the following sub-section.

• Voting Rights: LEAF holders can make technical changes to the Project Forest protocol and approve on-chain decisions regarding non-technical issues. Whether it is a change in protocol parameters or a decision to accept a new concept of governance, $LEAF holders have ultimate control.

• Voting Governance: The act of voting ensures that the community of Project Forest has a say in future project developments.

• Core Proposal: The team of Project Forest initiates a proposal and then decides the voting result.

• Community Proposal: The community provides ideas and are constantly involved in the project. The team of Project Forest will review each proposal and vote carefully. For those proposals that get the majority of the votes, the official team will then consider upgrading them to ‘core proposals.'