As we move closer to our mainnet launch, the importance of refining our system through rigorous testing cannot be overstated. Our Devnet Testing Day offers a snapshot of this journey. Scheduled to run from the 23rd October onwards, this provides an invaluable opportunity for participants to engage with our platform's foundational structure.

To participate: Send us a message on our social accounts highlighting your interest. We'll select a few participants across our channels.

https://twitter.com/eckoDAO

https://discord.gg/eckoDAO

To aid users, we've prepared a step-by-step guide that breaks down the Devnet and getting setup. But it's essential to remember: this Devnet launch is an on-chain precursor, and basic version. When we transition to the mainnet, a much more comprehensive platform will be live.

While KYC procedures are in the decentralized ecosystem, we've simplified the process for this testing phase. Instead, participants will receive a placeholder document for KYC.

Role Info

eckoMEMBER (Level 1) - sKDX Holders

• Role: Basic level users instrumental in decision-making processes
• Verified/Unverified: Connecting User Discord to verify
• Responsibilities: Voting on active proposals and participating in governance discussions
• KYC Requirement: No

eckoLEAD (Level 2)

• Role: Advanced role users who serve as advisors and moderators
• Responsibilities: Submitting proposals.
• KYC Requirement: Yes

eckoCORE (Level 3)

• Role: Custodians of the DAO who manage critical resources and oversee operations
• Responsibilities: Submitting proposals, Vetoing malicious proposals.
• KYC Requirement: Yes
  

1 Hour Voting Process Overview:

Proposal Submission (00:00-00:08)

• eckoLEAD and eckoCORE members can submit one proposal each per epoch using a standard template.
• Only binary-choice (YES/NO) proposals are accepted.
• Proposers cannot vote on their own proposals.

Review Period (00:08-00:18)

• eckoCORE members review. Proposals can be accepted, vetoed, or remain pending. Veto requires over 50% eckoCORE participation.

Discussion (00:18-00:23)

• Discuss proposals for clarity and understanding on the DAO website's Discourse forum.

Voting  (00:23-00:58)

• Excluding the proposer, eligible participants vote based on their DevNet eckoDEX Governance Mining voting power.
• Proposals need a simple majority for approval with a quorum of at least 5% of the total voting power.
• Voting takes place on the eckoGOV portal for transparency.

Rank Update  (00:58-00:00)

• Accessing Lead/Core roles requires eckoWALLET, Discord authentication, and a completed KYC process.
• Role assignments (eckoLEAD) are based on Voting Power originally.
• A member can have only one KYC role per epoch.
• Snapshot of members' voting power.
• Role assignments updated based on the snapshot.
• eckoLEAD roles can change if a new member applying for the role has higher voting power than the lowest current eckoLEAD member.