🏛️DAO

Implementation

The DAO is divided in 2 parts :

1. The DAO smart contract, which is basically defining a voting mechanism, and storing the registry of all proposal votes on-chain

2. The proposal library contracts, which create the structures for our different proposals

On-chain Governance

Nyx has a decentralized on-chain governance that involves all Nyxers in the decision-making process. This governance is based on a DAO (Decentralized Autonomous Organization) which will have a dedicated smart contracts distinct from the NFT smart contract.

A decision making process has been defined for governance through multiple step : Suggestion, Proposals, Vote, Execution.

The DAO has DApp in which the Nyxer will be able to access after connecting his wallet proving the possession of a Nyx NFT.

Architecture

Based on a decentralized power structure, a DAO benefits from a structure preventing any risk of hijack, attack, infiltration or manipulation by a third party.

Owned by its members, a DAO is not only designed to be tamper-proof, but to also allow its contributors to take part in the decision-making process, retributing them in either cryptocurrencies or in shares, proportionally to their contribution.

Members of a DAO can both access all information and participate in the decision making process.

Our Vault will be funded through the money collected by the NFTs’ acquisition. Decisions taken by Nyxers will be filtered and ran through the DAO.

Several Representatives will be mandated by the DAO during the decision-making process to ensure the quality of investments, secure the transactions and maximize rentability.

The revenues generated by the different investments will be submitted to a vote in order to determine passive income redistributed through the DAO to the NFT owner.

The passive income will have to be claim by each nyxer – in ETH – with the wallet detaining the NFTs.

Nyx DAO will use a global technology provider in order to securize Nyx's Vault, blockchain transactions, and manage digital assets securely : we use Gnosis Safe mainly because it is open source and therefore usable as a decentralized organization.