BlocTale DAO - ERC20

BlocTale DAO (BLOC) is the governance token for the decentralized web3 MMORPG, BlocTale. As an ERC20 token, BLOC empowers the player community to actively participate in the decision-making process for the game's development, economy, and various in-game events.

1. Acquisition and Functionality

Players and stakeholders can acquire BlocTale DAO (BLOC) through various methods, including:

• In-game rewards for completing special missions, events, or achievements

• Liquidity mining on decentralized exchanges (DEXes) for providing liquidity to BLOC trading pairs

• Purchasing from DEXes or centralized exchanges (CEXes) that list the token

BLOC's primary function is to facilitate community-driven governance within the game, allowing holders to:

• Propose changes to the game mechanics, economy, or features

• Vote on proposed changes or in-game events

• Participate in special BLOC-only activities or access exclusive content

2. Token Supply and Distribution

BlocTale DAO (BLOC) has a fixed token supply of 10 billion to ensure long-term sustainability and value for its holders. The token distribution is designed to reward early supporters, incentivize active participation, and allocate a portion for future growth.

2.1. Token Supply and Distribution

BLOC tokens are allocated through various channels:

• Initial Token Sale (30%): 3 billion BLOC tokens are available during the initial sale event to raise funds and distribute tokens to early supporters.

• In-Game Rewards and Incentives (25%): 2.5 billion BLOC tokens are reserved for in-game rewards, distributed to players for completing quests, events, and other activities.

• Community Contributions and Promotions (15%): 1.5 billion BLOC tokens reward players, developers, and community members who contribute to BlocTale's growth.

• Team and Advisors (20%): 2 billion BLOC tokens are allocated to the BlocTale team and advisors to reward their efforts.

• Reserve Fund (10%): 1 billion BLOC tokens are held in reserve for future development, marketing, partnerships, and strategic initiatives.

The distribution plan may change as the project progresses and the DAO is finalized. Final decisions will be based on stakeholder feedback and consensus.

3. Governance and Decision Power

BLOC token holders have decision-making power within the BlocTale ecosystem. The amount of BLOC tokens held by a player determines their influence. Key decisions such as game updates, feature implementations, and in-game economy adjustments are made through BLOC token holder consensus.

3.1. Submitting Proposals

BLOC holders can submit proposals for changes or improvements to the game. Proposals may include adjustments to the in-game economy, new features, or modifications to existing game mechanics.

3.2. Voting Process

BLOC holders vote on proposals using their tokens. The number of tokens held determines the weight of a holder's vote. A proposal must reach a quorum (minimum percentage of total token supply) to be considered valid. If the quorum is met, the proposal's outcome is determined by a majority vote.

3.3. Delegation

Token holders can delegate their voting power to other community members or representatives, enabling a more efficient and streamlined governance process.

3.4 Implementing Changes

If a proposal receives sufficient support from the community, the BlocTale team will work on implementing the proposed changes. This collaborative approach ensures that the game continuously evolves to meet the needs and preferences of its player base. In cases where implementation requires significant resources or time, the team may provide a timeline for the community to track progress and stay informed.

Conclusion

The BlocTale DAO and its associated BlocTale DAO Token (BLOC) allow for a decentralized and community-driven approach to the development and growth of the BlocTale MMORPG. By empowering BLOC token holders with decision-making power and providing a transparent voting process, the BlocTale ecosystem encourages active participation and collaboration between players, developers, and other stakeholders. This ensures that the game remains adaptable and responsive to the needs of its diverse community.