OQ-DAO operates through a decentralised autonomous organisation (DAO) structure, which means that all decisions and proposals are made through a consensus-driven process by Governance Token holders. This creates a transparent and democratic system, where the community can have a voice in the direction and decision-making of the organisation.
Once a person has purchased a Governance Token, they will gain access to a private forum where they can participate in discussions with other Governance Token holders. Here, members can propose new projects or investments that align with OQ-DAO's values and objectives. The forum provides a platform for open and constructive dialogue, where ideas can be refined and developed collaboratively.
All proposals will be discussed in the forum first before one of the core team members will publish the proposal so that everyone can vote on it. Once a proposal has been published, all Governance Token holders will be able to vote on whether they support the proposal or not. Each member has one vote, independently from the number Governance Tokens held at the moment of voting. This process ensures that all members have an equal say in the decision-making process and that decisions are made democratically, with a focus on the organisation’s values and objectives.
Through this process, OQ-DAO is able to stay true to its commitment to promoting gender equality, human rights, and climate justice, while also providing a platform for its members to have an active role in the organisation’s decision-making.
Ethereum is a type of digital currency, often referred to as a cryptocurrency. It allows people to make transactions and execute contracts without the need for intermediaries like banks or other financial institutions. It is decentralised, meaning it is not controlled by any single person or organisation, but instead is maintained by a global network of computers that work together to process and verify transactions. This network of computers uses the blockchain technology for communication.
What makes Ethereum unique is that it allows people to build decentralised applications on top of its blockchain technology. These applications can perform a wide range of functions, from enabling peer-to-peer transactions to facilitating the exchange of digital assets like tokens or even creating new types of financial instruments. Essentially, Ethereum provides a platform for developers to build decentralised applications that can operate autonomously and securely, without any central authority controlling them.
The Governance Tokens of the OQ-DAO have been created as Non-Fungible Tokens (NFTs) on the Ethereum blockchain. NFTs are a type of token standard on Ethereum called ERC-721. Unlike the regular ERC-20 tokens, which are fungible (meaning one token is interchangeable with another), NFTs are unique and non-interchangeable. This means that each Governance Token of the OQ-DAO is uniquely encrypted.
By creating our governance tokens as NFTs on the Ethereum blockchain, we are able to leverage the power of decentralised technology to ensure a fair and transparent governance process for our platform.
In addition, it's important to note that NFT's are not only unique, but also tradable on the open market. As an owner of governance tokens, you have the freedom to decide your own price at any time, and the buyer can bid the price they want on the tokens. This means that holders of Governance Tokens of the OQ-DAO have more control over their digital assets, and are less at the mercy of uncontrollable market forces.
It's also worth mentioning that there will be a seller fee of 5% that goes to the OQ-DAO community wallet when a Governance Token of the OQ-DAO is sold. With 5000 governance tokens available, the token is theoretically worth at least 1/5000 of the amount in the community wallet. However, token holders who want to sell their Governance Token can determine the price themselves for what they want to sell it on the market.
The true value of owning a governance token goes beyond that. As a token holder, you can propose projects and utilize the resources of OQ and our community network to bring them to fruition. Additionally, you can apply for job opportunities within certain projects initiated by OQ-DAO.
Our goal is to create projects that have a positive impact on the world, build an intellectual and supportive community, provide jobs for our members, and expand our networks by collaborating with all token holders. Ultimately, our aim is to create value in a meaningful way.
If you want to buy a Governance token for the OQ-DAO, you will need to use an Ethereum wallet that supports ERC-721 tokens. One of the most popular options for this is Metamask, a browser-based non-custodial wallet that allows you to store, send and receive Ethereum, ERC-721 and other ERC-20 tokens.To get started with Metamask, you will need to go to metamask.io and download the wallet extension for your web browser.
Once installed, you can create a new wallet and securely store your private key. After setting up your Metamask wallet, you will need to transfer some Ethereum (ETH) to your wallet to be able to purchase OQ-DAO Governance Tokens. You can either buy ETH with your credit or debit card through your metamask-wallet, a cryptocurrency exchange or transfer it from another wallet that holds ETH.
Once you have ETH in your Metamask wallet, you can navigate to the OQ-DAO's token sale platform here and purchase Governance Tokens with your ETH. It is important to note that you should never share your private key with anyone, and always keep it secure to protect your assets.
If you have any questions or need further assistance with purchasing OQ-DAO Governance tokens, you can reach out to the OQ-DAO team for support.