💪DAO

Magic Battle Council

The genesis of the Magic Battle project was a desire to make a collectible NFT game that was open, transparent, and governed by the community. Here we outline the mechanism by which the community of $MCB holders will govern and maintain the protocol, via the Magic Battle Council, and what types of changes can be proposed.

Vote

To elect council members, holders of $MCB have the ability to nominate an individual for a council seat as well as delegate their vote to a nominee. Candidates for council members must be proposed before the due date of the event, followed by a formal voting period. The mvDAO will then collate all proposed members from the Magic Battle Voting Channel and calculate results.

(The "mvDAO" is our initial governance model and is subject to change. We strive to implement the best models of decentralised governance).

Quadratic Voting

This mechanism will be utilised to reduce the voting power of large $MCB holders and reduce plutocracy. This system is used successfully by a number of other protocols and used within Grants and we believe it is the fairest way to weight votes.

Specification Overview

There are two major components of the new governance system:

The Magic Battle Council will consist of nominees who are voted in by the $MCB token holders, enabling the influence of community representatives who are able to debate and distill technical changes while also not directly providing large $MCB holders a disproportionate voting weight in the outcome of proposals.

Meta-Governance

There will be situations where changes to the $MCB council will need to be decided. Any meta-governance proposals will need to be unanimously decided.