Bonfida DAO

A Decentralized Autonomous Organization (DAO) can be considered as the governing body of projects. A DAO is collectively owned and managed by its members, which in Bonfida’s case are the gFIDA holders. It is a democratized organization where community members carry the responsibility to submit and vote for any changes to be implemented in the project. It is at its purest form of community involvement.
​
gFIDA and Participation in the DAO
In order to participate in Bonfida’s DAO, users need to hold the governance token, gFIDA.
Stake your $FIDA here​
Earn yields & gFIDA
Get larger yields & more gFIDA the longer you stake
 Read more about staking here​
​
gFIDA Advantages
Proposal Submissions
Voting Rights
Access to an exclusive Bonfida Governance group
The governance group will allow gFIDA holders to discuss important cases around governance,              proposals, issues and suggestions with the Bonfida Team exclusively.
To be invited to the group:
    a.  DM an admin on our Telegram or Forum
    b.  You will be asked to verify your gFIDA holdings in one of two ways: 
          i.  Sending the admin a message on Jabber or 
          ii.  Add the content “Bonfida Governance Member” to any of your domains 
    c.  Once your holdings have been verified, you will receive an invite link to the exclusive governance group.
​
DAO parameters
1.Submit a proposal on Bonfida’s Forum 
     a. Minimum tokens to create a proposal: 10,000 gFIDA
2.Maximum voting time: 7 days
3.Vote approval threshold: 33% of gFIDA supply

Tokenomics - Previous

Buy & Burn Program

Next - On-Chain Staking

Introduction

Last modified 1mo ago

Copy link

Contents

gFIDA and Participation in the DAO

gFIDA Advantages

DAO parameters