🔢 Community Governance

MetaUFO Council

The Metaufo project was born out of a desire to create a collectable NFT game that was open, transparent, and community-governed. We detail the process via which the community of $Metaufo holders will control and maintain the protocol through the MetaUFO Council, as well as the sorts of amendments that can be suggested.

Council Vote Election

To elect council members, holders of $MetaUFO have the option of either nominating an individual or delegating their vote to a nominee. Candidates for council members must be submitted prior to the election deadline, followed by a 72-hour official voting procedure to determine the five persons most qualified to manage the platform. The eDAO will then compile all suggested members from the MetaUFO Telegram Channel's MetaUFO Council and prepare candidates for Snapshot voting. (Our original governance plan, which includes the "eDAO" and "Measures Council," is subject to modification. We seek to develop the finest decentralized governance models possible).

Specification Overview

There are two major components of the new governance system: The MetaUFO Council will be comprised of nominees elected by $MetaUFO token holders, allowing for the influence of community representatives capable of debating and distilling technical modifications but also preventing major $MetaUFO holders from directly voting on the result of proposals.

MetaUFO Proposals that are submitted to the IIP's Github repository and will be made available on the MetaUFO Proposal area. To be approved, proposals must receive a supermajority vote.

Defining an MCCP

Proposals for MetaUFO Configuration Changes (MCCPs) are documents that make the case for changing one of MetaUFO' System Configuration Variables. The goal is to give a thorough history of each configuration modification and the rationale for its implementation at the time it was made. The document's author is responsible for fostering community agreement and documenting dissenting views. A second blog article will be published later on how to properly write an MCCP.

System Configuration Variables that can be changed via MCCPs may include:

Configurable Council Values

Marketplace fees

Capture mechanics

Balance changes

Council Epoch

The MetaUFO Council members will serve for one complete Council Epoch (the duration of which may be set by an MCCP), and their primary tasks during the Council Epoch will be discussing and voting on MCCPs and MIPs in a public discord forum. If a council member is forced to resign during an Epoch, the Council will continue to function, but the supermajority formulas will alter (there must be a supermajority on each normal proposal).

Meta-Governance

There will be instances when adjustments to the $MetaUFO council must be made. Any initiatives for meta-governance must be unanimously approved..

Balancing via Governance

Because the core Metaufo technology is data-driven, balancing updates may be done much more dynamically than in typical games.