🤝LottoDAO

LottoDAO, a vital component of the LottoFactory.io

LottoDAO is a decentralized autonomous organization that governs the LottoFactory.io lottery system on the Solana blockchain. The DAO is composed of CRC NFT holders who can participate in proposal submissions, voting, and decision-making processes. The goal of LottoDAO is to create a sustainable and community-driven ecosystem for the lottery system, ensuring that it remains transparent, fair, and decentralized.

• DAO Proposal Submissions

LottoDAO allows anyone to submit proposals for the improvement of the LottoFactory platform. These proposals can range from technical upgrades to marketing campaigns. Proposals are submitted on-chain and require a certain number of tokens to be deposited as collateral.

• DAO Proposal Voting

Once a proposal is submitted, NFT holders in the LottoDAO can vote on whether to accept or reject it. Each token represents one vote, and proposals need to receive a certain threshold of yes votes to be accepted. Voting is done on-chain and is transparent and immutable.

• Strategic Partnerships:

LottoDAO actively seeks out and forms strategic partnerships with other blockchain projects and businesses that can bring value to the LottoFactory ecosystem. These partnerships can include collaborations on new features or integrations, joint marketing campaigns, and more.

• Sustainability

LottoDAO is committed to the long-term sustainability of LottoFactory.io. This includes ensuring the security and integrity of the lottery system, as well as developing new features and revenue streams. As a member of LottoDAO, you will have a say in the direction of the organization and the future of LottoFactory.io.

Beyond this, LottoDAO will contribute part of DAO's earnings to further nourish the ecosystem in form of funding legitimate projects, empowering talented artists, donating to charity to raise awareness of Web3, etc.