CIP-0 Who should create a proposal?

We are so pleased to announce that Cratos DAO goes live now!

BACKGROUND

With Cratos token holders, Cratos will gradually become a fully decentralized organization. In other words, it is a community-owned/managed decentralized organization.

We believe that there has been enough time to have sufficient holders from Cratos app users, token holders, etc and start operating DAO.

Simply, DAO is a decentralized autonomous organization where a token holder can post any proposal regarding Cratos project and other holders can participate in a vote. The vote right is proportional to the amount of the Cratos token that an individual holds at the time of snapshot.

At the initial stage of DAO, the Cratos team will be active to post a proposal to guide you on how it can be operated. And the team will strive to work on developing the project in the prospect of technology, ecosystem and business.

In addition, DAO will enable us to have our community members become a part of the management team in a decentralized way.

In the future, we will be implementing the auto-executable proposal so that at the end of the proposal, the proposal would be executed when it is approved by the community.

PROPOSAL

As the very first proposal, we would like to propose who can make a new proposal on Cratos DAO.

We want this DAO to be open to everyone. However, in order to prevent any hostile participant from creating an unproductive proposal, there should be a minimum amount of token to do so.

Here is the proposal, “100,000,000 CRTS (100M CRTS) or more token holder can only create a proposal.”

If you agree, select ‘For’. If you don’t agree, select ‘Against’. If you decline to vote, select ‘Abstain’.

Thank you so much for your participation and support.