Mfer DAO
Opportunity for collaboration is the great promise of forming our collective
Last updated
Opportunity for collaboration is the great promise of forming our collective
Last updated
Decentralization eliminates the dilemma that arises when a central entity makes decisions and takes actions on behalf of others, much like in traditional organizations.
It allows us to combine technical and political aspects to establish a philosophy that embodies those who choose to join.
Within the organization, effective governance entails active participation in protocol-related decisions and working to improve the collective. This is achieved by enhancing the power of individual voices and reducing incentives to leave.
The formation of the Mfer DAO accomplishes these goals.
Every owner of $MFER is a member of the Mfer DAO. Each individual has a stake in the network, giving them access to create proposals, vote, and implement changes using the decentralized Governance tooling.
The Fuckery Protocol's revenue is allocated to two Funds, the Treasury and Reserve, which drive value creation in the network and provide long-term stability while covering expenses and maintenance costs via a continuous allocation of funds through the Proposal process.
A decentralized web application powered by on-chain data, the MFER Dapp, is the single source of truth of the Fuckery Protocol. It will enforce transparency, manage governance functions, and allow participants to interact with $MFER smart contracts.
The DAO owns the Fuckery Protocol, including the application, website, and related intellectual property not associated with the NFTs.
