Tiny World Launches DAO Governance System

Blockchain game universe, Tiny World releases DAO Governance System, first proposal aims at improving the internal gaming system and token consumption.

Dec 28, 2022
by Michael
Tiny World Launches DAO Governance System
News

Tiny World, an NFT, DeFi, and Gaming immersive experience has unveiled its DAO governance system. This recent release will redefine the mode of operation in Tiny World, elevating the game to a new stage of decentralization. According to the team, the TinyDAO will give users the right to run effective governance by managing the platform’s assets. 

TinyDAO governance system will be accessible starting from December 28, 2022, 08:00 AM UTC. Players will use veTINC to carry out project governance rights and vote on project decisions. In the early stages of TinyDAO, the Tiny World team will be responsible for initiating proposals. A while after community members would be able to create their proposals. 

First Tiny DAO Governance Proposal: Details

The first TinyDAO proposal would be launched simultaneously with the governance system. Voting for the first proposal will take place from December 28, 2022, 08:00 UTC to December 29, 2022, 08:00 UTC. The proposal aims to improve the Tinymon system’s effectiveness by regulating Tiny World’s economy. 

The Tiny World team is proposing to modify the TINC and SPIRIT requirements for Tinymon breeding. Regulating these tokens will increase the consumption of TINC consumption and decrease SPIRIT consumption. In addition to this,  there is a proposal to increase the percentage of SPIRIT entering the Tinymon farming pool from 50% to 80%. This increment spreads across Tinymon Breeding, Tiny Hero Power Enhancement and Tiny Hero Energy Replenishment. 

The team is hoping to receive reviews and ideas that would improve the game’s quality. Players have the opportunity to suggest great ways of implementing more immersive ideas through the DAO system. Tiny World’s governance system will help players easily participate and vote for the desired future of Tiny World. 

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