Why MVC is governed by DAO

The Necessity of Operating in DAO Mode

We firmly believe that MVC currently has the greatest potential to become the carrier of massive Web3 applications and the public blockchain millions of people use daily. Therefore, it is imperative to operate MVC in DAO mode for the following reasons:

Firstly, the future development of MVC cannot be controlled by a single commercial company or a small group of united teams. To serve people worldwide, it must be established and governed by builders and 'space' holders worldwide, ultimately belonging to humanity.

Secondly, MVC’s success depends on how quickly it can attract more developers, and DAO’s collaborative structure could help to foster such growth.

In addition to these reasons, a DAO structure has other common benefits, such as automatic operation, enhanced risk resistance, public transparency, and increased community enthusiasm.

By operating as a DAO, we can create a more decentralized, open, and transparent community that fosters innovation, collaboration, and growth. This will enable MVC to realize its potential and become the public chain that drives the future of Web3.

Core Values of MVC DAO

The establishment of the DAO is to propel MVC to become the largest Web3 public chain, and all term settings must serve this idea.

Openness and transparency are the most fundamental principles of MVC DAO, and it must strictly adhere to them.

All builders, including developers, promoters, and voters, are equally important. However, since the competition among public blockchains primarily concerns the emergence of more applications, the early treasury should incentivize more developers to create various applications on MVC.

The long-term goal of DAO is to operate automatically through smart contracts. We will continue to improve relevant smart contracts on MVC, enabling MVC DAO to operate fully and autonomously on the network as soon as possible.

The Governance Philosophy of the MVCDAO

The Governance Framework of the MVCDAO

Some of the rules and procedures will be enforced directly by smart contracts on a blockchain, and some will not. All rules are equally binding. Actions taken under the Constitution may be on-chain or off-chain actions. On-chain actions are those that are Voting action directly for governance of the MVCDAO. Off-chain actions are those that are actuated by other means.

The Constitution describes the procedures by which it may be amended. For more information regarding the governance framework of the MVCDAO, please see MIP-1.