PlatoFarm has created a farm-themed metaverse ecology oriented to Web3. At present, the overall ecological development has achieved good results. For example, the total number of registered users of Plato Farm is 220,000, and the number of daily active users has exceeded 15,000, concentrated in East Asia. , Southeast Asia, Eastern Europe, the United States and other regions. The number of user addresses holding Plato Farm NFT assets on the Heco chain exceeded 20,000, and the total number of NFT transactions reached 1.54 million during the GAMMA beta. In addition to the PlatoFarm ecology including SocialFi, GameFi and other elements, and the construction of a more complex and interlocking economic model, DAO governance is also another major ecological feature of PlatoFarm, which is highly open, looser, and endowed with incentives. The DAO governance system is also one of the main reasons why PlatoFarm attracts many users to participate.
Usually the Web2 world is driven by business in the form of corporations, and users are only ecological users, and they usually do not participate in decision-making and benefit distribution. Relatively speaking, the DAO-driven Web3 world is more decentralized. Based on the governance framework built on the chain and the token economy, everyone can participate in ecological governance in a decentralized manner. It is the master of the ecology and the vested interest in the ecology. Although the PlatoFarm ecology is still in its early stages at this stage, in addition to building a DAO-based charter, the governance and decision-making of the ecology have been completely delegated to the community, and are deeply driven by governance tokens.
In PlatoFarm’s metaverse ecology, before each proposal is launched, the community will organize users to vote on the proposal using MARK tokens, and through incentives (PLATO tokens, etc.) to further promote the enthusiasm of users to participate in decision-making voting. Currently, the PlatoFarm community has launched a "Super Challenger" community proposal, which is currently in the voting stage.
Take the "Super Challenger" proposal as an example, see PlatoFarm's DAO model
The "Super Challenger" proposal will be voted in the form of DAO. For every 100,000 MARK held, users can vote one vote (only integer votes are counted), and only 1.6 billion MARK pledged (half of the total circulation) can vote , the result is valid. The voting time is from 10:00 pm on February 2nd to 11:00 pm on February 7th, Pacific Standard Time. All participants will share 1,600 PLATOs without locking according to the pledged amount of the vote.
This voting governance method, in addition to providing an application scenario for MARK, also further enhances the rigidity of MARK. If you want to participate in governance voting, you need to use MARK to vote. Usually, the MARK used for voting will be locked for 6 days, which means that the circulating MARK in the market can be reduced due to the continuous lock-up of MARK. In addition to creating a compact model, it can also reasonably weigh the output of P2E. The PlatoFarm community also stated that in the future, it will continue to use various incentives to promote the enthusiasm of the community to participate in voting. Of course, the initiative to conduct community resolutions in this way is efficient, fair and democratic. In the future, PlatoFarm's overall governance framework may be continuously rationalized and adjusted on this basis to further ensure the development of ecological efficiency.
Users also expressed their interest in the "Super Challenger" event. After the above-mentioned DAO vote is passed, the "Super Challenger" will be carried out as scheduled.
What is the Super Challenger proposal?
It is understood that the "Super Challenger" proposal is an incentive activity for community users, that is, PlatoFarm users purchase different levels of game equipment NFT kits to participate in the challenge. Players need to complete the challenge within the specified time, and users who successfully complete the task will receive triple rewards—PLATO pass (a prize pool worth 10 million U.S. dollars), a medal of honor and privileges, and the game’s output pass MARK.
"Super Challenger" has developed a multi-level challenge mode for different types of users, namely bronze, silver, gold and diamond four modes. For example, challengers who want to participate in the bronze mode need to purchase the bronze-level game equipment NFT kit (priced at 500 USDT) from the official website and join the game. If the challenger can reach level 5 within 5 days, then the challenger is successful. For challenges in other modes, the price of the NFT kit, the challenge cycle, and the level requirements in the game are different. Therefore, users with different amounts of funds can have the opportunity to participate, and everyone has equal opportunity to complete the challenge through decision-making.
"Super Challenger" has also built an rights protection mechanism, that is, challengers can withdraw from the challenge at any time within 24 hours after purchasing the game equipment NFT kit. As long as the NFT kit is returned, the USDT used for payment will be refunded within 48 hours, and the MARK generated during the competition can be retained by the challenger (the MARK obtained in the game will deduct part of the gas fee), and all incentives will be distributed through smart contracts Driven and all transactions can be checked on the chain. In addition, during the entire challenge process, challengers can join the official community of PlatoFarm and receive free one-on-one tutoring from professional game coaches, allowing challengers to get upgrade tips to ensure that they can quickly complete the challenge.
After the “Super Challenger” proposal is voted on, the challenge will start from February 10th to February 28th (or until all PLATO token rewards are distributed).
The "Super Challenger" proposal is expected to further attract tens of thousands of ecological users to the PlatoFarm ecology by building a rich incentive mechanism, further consolidate the value foundation of the ecology, and promote the overall prosperity of the PlatoFarm ecology. Of course, the "Super Challenger" proposal is also an early experiment in PlatoFarm DAO governance, which will also provide constructive meaning and experience for the subsequent DAO governance of the ecosystem, and provide a reference for the DAO governance of other metaverse ecologies.