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Community DAO

The RibbleChain Community DAO empowers $XRB holders to manage the community treasury, fund initiatives, and drive ecosystem growth. This guide explains how to participate in the Community DAO.

Role of the Community DAO​

  • Treasury Management: Allocate 150M $XRB (15% of total supply) for community initiatives.
  • Ecosystem Growth: Fund dApps, events, and educational content.
  • Decentralized Governance: Complement the main DAO with community-driven decisions.

Prerequisites​

  • Membership in the RibbleChain DAO (see Join DAO).
  • Staked $XRB (voting power is proportional to staked amount).

Step 1: Access the Community DAO​

Visit the RibbleChain DAO Portal:

  • URL: dao.ribblechain.com.
  • Connect your smart wallet.
  • Navigate to the "Community DAO" section.

Step 2: Propose an Initiative​

Submit a proposal for community funding:

  • Go to "Community Proposals".
  • Fill out the form:
    • Title: E.g., "Fund a GameFi Hackathon".
    • Description: Propose a 10,000 $XRB budget for a hackathon.
    • Impact: Explain benefits (e.g., attract developers, grow GameFi ecosystem).
  • Submit with a 100 $XRB stake (refundable if approved).

Step 3: Vote on Proposals​

  • Browse active community proposals.
  • Vote with your staked $XRB:
    • Yes/No/Abstain.
    • Voting lasts 5 days; >50% "Yes" approves the proposal.
  • Approve your vote (gasless if enabled—see Gasless Transactions).

Step 4: Monitor Treasury Spending​

  • View treasury usage in the Community DAO section:
    • Total Treasury: 150M $XRB.
    • Spent: 5M $XRB (e.g., on hackathons, airdrops).
  • Track funded projects and their outcomes.

Best Practices​

  • Impactful Proposals: Focus on initiatives that grow the ecosystem.
  • Transparency: Ensure proposals include clear budgets and timelines.
  • Engagement: Discuss proposals in Community Channels.
  • Voting: Actively vote to influence treasury spending.

Next Steps​