Network DAO

What is Network DAO?#

Network DAO is in collaboration with and deployed on TMRWDAO, a DAO creation platform within the aelf ecosystem. Its primary objective is to achieve fully decentralised governance of the aelf blockchain. This allows communities to vote for Block Producers (BPs) and enables BPs to participate directly in decision-making processes. By leveraging smart contracts, Network DAO ensures transparency, security, and the trustless execution of tasks.

Network DAO Key Features#

  • Proposals: Empowers community members from both TMRWDAO and aelf to submit proposals, which are then voted on by BPs, steering the future direction of the blockchain ecosystem.
  • Organisations: Supports the establishment and management of decentralised organisations, enhancing collaborative efforts within the community.
  • BP Elections: Facilitates transparent and equitable elections for Block Producers, critical for maintaining the integrity of decentralised governance.
  • Contract Management: Simplifies the process of deploying and updating smart contracts, making governance more efficient.
  • Resource Token Trade: Enables the fluid trading of resource tokens, vital for the economic sustainability of the ecosystem.

    • How to Use Network DAO?#

    Network DAO supports the aelf MainChain and the aelf dAppChain, enabling participants to create and vote on proposals, manage organisations, participate in BP elections, deploy or update contracts, and trade resource tokens. It provides a seamless interface for all governance activities on the aelf blockchain.

    This tutorial aims to guide you through the essential steps to effectively use the Network DAO.

    Step 1: Accessing the Network DAO

    Visit the Network DAO page at https://tmrwdao.com/network-dao.

    Log in using your aelf wallet or Portkey wallet.

    Select either aelf MainChain or aelf dAppChain from the top right corner. For this tutorial, we will use aelf MainChain as an example.

    Step 2: Navigating the Governance Section

  • Creating and Voting on Proposals

    • Click "Governance" and then "Proposals".

    If you are a block producer (BP), you can vote on the proposals listed under "All Proposals".

    To create a proposal, click "Create a Proposal" and follow the on-screen instructions.

  • Managing Organisations

    • Click "Governance" and then "Organisations".

    If aelf MainChain is selected, you will see all organisations created on the MainChain.

    To create a new organisation, click "Create Organisation" and follow the instructions provided.

  • Participating in BP Elections

    • Click on "Governance" and then "BP Elections".

    To become a node, click on "Become a candidate node," stake 100,000 ELF, and ensure your server meets the configuration requirements displayed on the page. Follow the developer documentation titled "How to join the mainnet" for instructions on node deployment. If your node accumulates enough votes to rank in the top 21, you can become a BP and earn block rewards. Each term lasts for one week.

    To vote for a BP, choose your preferred node from the "Node Table" list and check your voting status under "My Vote".

  • Managing Contracts

    • Click "Governance" and then "Contract Management".

    If aelf MainChain is selected, you can submit proposals, and deploy or update contracts on the MainChain by following the instructions on this page.

  • Trading Resource Tokens

    • Click on "Governance" and then "Resource Token Trade".

    Select the resource token you wish to buy or sell, enter the amount, and click "Buy" or "Sell" to complete your trade.

  • Viewing Your Proposals

    • Click "Governance" and then "My Proposals".

    On this page, you can view your applied proposals, created and participated organisations, and voting history.

    Edited on: 29 October 2024 09:26:41 GMT+0