A Decentralised Autonomous Organisation is a method of governance where rules are encoded as a computer program that is transparent, controlled through votes of a distributed group of organization members rather than a single entity.
Token Generation Event refers to the launch of the DAO network when the governance tokens are released to participants.
In charge of DAO operations and other business-related ventures. Creates, implements and manages key DAO features for the benefit of the DAO. Proposes questions to DAO and also votes.
Consists of HDAO community managers (regional and overarching) and “game masters” to help bridge the gap between the game and its players. Helps implement and manage key DAO features. Communicates with the core team.
Any person holding HDAO tokens is considered a DAO Member
The collective term for all the elements that make up virtual worlds, including the ecosystem of people and objects that form economies within those worlds.
Non fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms.
A term to describe games in which the players are able to generate real-world rewards for their in-game activities. These games are typically limited to NFT-based blockchain games as they rely on the rewards being transferable on an open market.
Anyone who actively stakes a set amount of HDAO tokens. Holds a voting percentage within the DAO. Actively participates in the DAO, or delegates part or all of their vote.
Holds all funds earned by the DAO that the DAO has earned through its direct operations.
Level Up System
Members level up through quests within he community and their respective game/class to earn achievements, badges, rewards and prizes along the way. As they achieve new levels, players are rewarded with HDAO tokens, or other prizes, such as HDAO merchandise.