Crowdvest: In Growth We Trust (Draft 2)
Introduction
Crowdvest is a crowd cryptocurrencies investment platform based on the PoS (including DPoS, NPoS, etc.) blockchain that strives to optimize the risk-to-reward ratio (RRR) of cryptos/blockchain investment projects by tapping the crowd wisdom of the community through decentralized governance.
Crowdvest is modeled after Peanut, the first community cross-chain staking DeFi decentralized autonomous organization (DAO) based on Steem and Tron blockchains launched by Nutbox in October 2020.
Tokenomics
Economy
Crowdvest may adopt the "1000 native token for 10% upvote" economic model of Peanut, but shifting to upvote bidding system is also possible.
Eligible members can propose power down, token burning, and passed proposals will be carried out accordingly.
Governance
The DAO Constitution
The DAO Constitution lays out all the exact rules of DAO governance, including eligibility criteria, Committee elections and proposal voting.
The DAO Constitution can be amended by the following process:
Eligible member who meets the following requirement can submit a CONSTITUTIONAL AMENDMENT Proposal:
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-Community members (holders) discuss and vote on the CONSTITUTIONAL AMENDMENT Proposal.
If the 'YES' votes weighting is LESS than TWO times that of 'NO' votes weighting, the AMENDMENT is rejected;
If the 'YES' votes weighting is MORE than or EQUAL to TWO times that of 'NO' votes weighting, the AMENDMENT is approved and the Constitution is amended;
About Crowdvest
Crowdvest is a crowd cryptocurrencies investment platform based on the PoS blockchain that strives to optimize the risk-to-reward ratio (RRR) by harvesting the crowd wisdom of the community.
Sook Jin GOH,
Nutbox Ambassador for Malaysia,
Director at Nanyang Global Scientific Research Centre
