Teh Golden DAO ecosystem encompasses several aspects and components, some of which are quite common and some which are unique.
At the core, Teh Golden DAO stands for an inclusive, people-centric focus on decentralization. Practically speaking, the DAO includes an investment portfolio, a staking protocol, a voting system, and further treasury reserves dedicated to the expansion of the project.
The three main tokens form the core of Teh Golden DAO's ecosystem are as follows:
- GOLD1 is the base token and the main driver of treasury funds.
- Maia is the token that represents a users stake in the staking contract.
- Valar is the soulbound token which grants the right to submit proposals on-chain.
One of the features which make Teh Golden DAO unique is that it makes use of soulbound governance rights . Valar, the soulbound token implemented for this purpose, is a non-transferable token which is issued to individuals who have demonstrated their interest in the public good. These individuals (known as “Chosen Ones”) represent and execute the approved actions of the DAO and appropriately manage organizational day-to-day business on behalf of the DAO. This ensures that the DAO is managed by people who have demonstrated their commitment to the cause, instead of merely assigning governance rights to those with the highest financial stake.
More information on what a soulbound token is, can be found later in this section.