Evolution Land “DAO”
Evolution Land is designed and developed to be a DAO (Decentralized Autonomous Organization) owned by the community. Dev team’s role is to kick off the project and establish the technical foundation so that other users (players, designers, developers, investors) can contribute and influence the game’s evolution path in their way.
Evolution Land is designed to be DAO. Many game parameters should be voted and determined by players who have their interests staked. They will decide how the game will evolve.
By Establishing a credible voting mechanism and thus forming a scalable blockchain voting system, the rights of the users of the Evolution Land can be guaranteed.
We will discuss with the Evolution Land residents to build a public management model. The residents will use the voting system to express their appeal and participate in the Evolution Land management. The Evolution Land residents participate in the decision-making of the Evolution Land by using their power to vote.
Anyone who has a stake in the game has a say in the governance process. They have various influence levels normalized as Voting Power.
KTON stakers refers to those who stake KTON into governance locking contract. Voting Power generates from those locked KTON. Once staked, the user needs to wait 14 days before he can withdraw these KTONs. Every time a user makes a new deposit, it will extend its lock time.
As Voting Power originated from tokens, they have natural blockchain network constraints. Governors can only vote for matters on this particular continent. This essentially helps create independent economic entities, which are like countries.
Please visit gov system to participate in the governance process. You can stake/un-stake your KTON, view your accumulated Voting Power via possessing Lands, Apostles, and staked KTONs. More importantly, you will view or initiate proposals and use your power to express your opinions.
To compensate governors who sacrifice their KTON liquidity and participation in the governance process. Revenues in the Governor Pool is paid to these governors based on their staked KTON proportionally against the overall pool.
Dividends are paid through the state channel on a per transaction basis. That means every time a spending transaction takes place. Dividends are cleared and sent to the governor’s credits in the state channel on-chain. Governors will need to actively send a claim transaction to the smart contract to collect their dividends (RING) to their wallet address.
The dividends are not distributed as regular transactions because each spending transaction might distribute to thousands of beneficiaries with micro amounts. The gas cost will be significant compared to the amount sent. However, using the state channel, dividends can be accumulated and collected once.
From the DeFi perspective, this governance model looks like a DeFi yield farming pool. You stake your KTON in the pool. In return, you receive RING tokens as rewards. The difference is in a regular pool, the reward you mint is the project’s base token released at speed set by a fixed algorithm, whose value is driven mostly by speculation; While here, the reward you receive is the revenue from the game. Your financial reward is actually linked with the success of the business.
Adjustment of the distribution of each pool
We think the contribution to the liquidity pool should be dimmed as a kind of contribution, so we decided to adjust the distribution.
In order to reward the players who contribute the Resources token and RING liquidity pool, we decide to keep the farm function a long time existing.
Detail of the Evolution Land Presale revenue distribution
Evolution Land keeps feeding back the game revenue to the community. The dev reserves only 30% of the system revenue for operating expenses. The developer pool will still be used for necessary expenses in the early stage of each continent.
Dev pool: https://polygonscan.com/tx/0x1430dd1fc6cabc946eff858158a404c8577d132f61b4b6a05cf69a070e4d3624… has been used to created liquidity for RING and MATIC in Quickswap