Should Nakamoto Games Introduce A Governance Token?
The community will have its say; here’s everything you need to know
Nakamoto Games is an industry-leading play-to-earn and Metaverse platform. Our ecosystem is brimming with new developments, games, and features. The team thought it was time our community had its say on key decisions surrounding our services. That is why we are asking our users whether or not Nakamoto Games should introduce the NAKA DAO token.
The NAKA DAO token will function as a governance token. Users can vote on important issues relating to the future direction of our ecosystem. The primary purpose is to decentralize decision-making and to give holders a say in how the platform is run. Anyone currently holding $NAKA will receive the Naka DAO token for free through an airdrop as long as requirements are met.
Those who wish to acquire NAKA DAO tokens must stake their $NAKA for six months. Nakamoto Games offers six-month $NAKA staking for a substantial yield of 10% APR. Once staked, the new governance token will be airdropped to users around the beginning of the new year or before.
The NAKA DAO token will also be available during airdrop for purchase on all five partnering exchanges: Kanga, KuCoin, QuickSwap, BitMart, and MExC. Once obtained, the NAKA DAO token can be leveraged immediately in any community vote. However, it is locked and cannot be sold for 12 months. This helps secure the integrity and stability of the token.
The proposal has been brought forward to promote community inclusivity in decision-making and platform development. NAKA DAO token holders will be granted the privilege of voting on a variety of decisions, including but not limited to:
Proposals for upcoming games
In-game add-ons, features, and upgrades
Platform Economics
NFTs
Similar to Ethereum, NAKA DAO holders can further mine governance tokens by staking their existing coins. Participating in voting will entitle members to more tokens as well. Token holders will also receive tickets for play-to-earn games on our platform. The more involved a player becomes in governance, the better the rewards get. This is measured using a tiered system. Once users reach a certain tier, they will receive regular airdrops from Nakamoto Games containing valuable digital commodities.
The reason to introduce a new governance token instead of $NAKA is because of the variety of use cases our primary token holds. $NAKA acts as the entry token for the Nakamoto Games ecosystem, and the entire economy runs on it - from play-to-earn to trading NFTs to earning and spending in the NAKAVERSE. Therefore, it wasn’t plausible to lock the entire circulating supply of token for twelve months.
The new token ensures that users who have contributed or demonstrated loyalty to the Nakamoto Games ecosystem will be rewarded with a stronger say in our community. Regular users can help guide developers on features and games the community is calling out for. Make sure to have your say on Twitter if you would like to see the NAKA DAO token introduced.