Charity Pool
Doge Project's Charity Pool
This will be a major staple of all Doge Project's future projects, ensuring that we always have an element of charity.
10% of all lottery entry sales will be distributed into a the charity pool.
Stay tuned for more info.
Decentralized Autonomous Organization
NFT holders will also be the ones that are able to vote within the Decentralized Autonomous Organization ("DAO"). Areas that will be voted on include the frequency of the lottery, the coin used to purchase, and where and when the Charity funds are distributed. A DAO is a community-directed entity, governed entirely by its individual members who as a community in a democratic manner, make the critical decisions that steer the project and determine its future, such as technical upgrades and treasury allocations, with no central authority oversite or involvement. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited. Generally speaking, community members create proposals about the future operations of the protocol and then come together to vote on each proposal. Proposals that achieve some predefined level of consensus are then accepted and enforced by the rules instantiated within the smart contract.
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