# 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)