🗳️DAO - veJEFF

The first Voting Escrow(ve) system applied to the metaverse, veJEFF, will be introduced in JEFFWorld. The JEFFWorld DAO system will be implemented in full swing after securing a sufficient user base following the service's launch.

What is Voting Escrow(ve)?

It is based on the advantages of the ve system, which is used familiarly in DeFi, and on balancing the incentive structure between the token holder (=$JEFF) and the liquidity provider (=Avatar/Land NFT). The ve system is designed not only as a means of selling rewards ($JEFF token release) but also as a means of actively participating in important decision-making in JEFFWorld, adding value to it.

World DAO(TBA)

veJEFF will represent voting rights in the World DAO.

• veJEFF will be distributed with weights based on the Lock-up period of $JEFF.

• It will decide on various important matters in JEFFWorld, including the distribution of the Island Rewards Pool.

• It will receive a certain rate of project earnings as compensation.

Land DAO(TBA)

Land NFT will represent voting rights in the Land DAO.

• Voting rights will be allocated differently based on the Grade of Land NFTs.

• Each Island will have its own agenda, and voting will take place within the corresponding Island (voting within the NFT).

• It will primarily decide on important matters within each Island and participate in the Island Tax System.

• Once Land DAO decisions are initiated, tax collection will begin in the Connect Zone.

Voting (TBA)