An Approach to DAO

What is a DAO？

LGG aims to be a DAO, which functions in an autonomous and decentralized manner rather than through centralized decision-making.

A DAO (Decentralized Autonomous Organization) is an organization that does not require a specific central administrator, but is managed and operated by community members working together according to rules (smart contracts) defined on the blockchain.

By using a decentralized model, each user has his or her own best interests at heart, and the DAO operates with maximum efficiency.

The more tokens a user holds, the more they will want to benefit from those tokens and will make organizational policy decisions according to what they believe is best for the LGG.

This creates a scenario where the value of the tokens increases and all parties are properly incentivized.

Process to becoming a DAO

LGG will be managed by the founding team until the smart contract is developed. The organization will consist of the following

• A team that extensively researches the GameFi market, applies analysis, and creates a portfolio

• A team that will conduct game strategy and NFT operations

• A team that develops a scholarship structure for guild members

• A team that promotes partnerships with game companies and VC firms

• A team to manage and grow the web media

• A team to expand the community on Discord

• A team to promote ESG activities through scholarships

The founding team will refine GameFi's portfolio, create a safe environment for users to enjoy GameFi, and lay the groundwork to contribute to the expansion of the GameFi market.

Ultimately, LGG aims to be governed by LGG token holders who will have a vote on DAO decisions.