🙋Applying for a eckoDAO Role

At the heart of eckoDAO lies its fundamental principle of self-governance, empowering members to actively participate and shape the direction of the DAO through the eckoGOV platform.

Step-by-Step Process:

  1. eckoWALLET Connection and User Authentication:

    • Begin by connecting your eckoWALLET and authenticating your identity through Discord.

    • This process ensures the security and integrity of the DAO membership.

    eckoGOV Front-End
  2. Applying for a Position in the DAO:

  • Members can apply for a position in the DAO using their eckoWALLET, from within the eckoDAO space.

  • Verified eckoMEMBERs are eligible to apply for a eckoLEAD role.

  • The Rank Update mechanism is responsible for assigning roles based on voting power within the eckoDAO, except for Core Members who have a separate application system and are not part of the ranking system.

  • The current available role is eckoLEAD, and it is assigned to the top 5 applicants with the highest voting power.

  • Each participant is limited to one role (Member/Lead/Core) per KYC per epoch.

  1. Know Your Customer (KYC) Process:

  • Verified eckoMEMBERs are eligible to apply for a eckoLEAD role.

  • After signing up and authentication, you will need to complete the Know Your Customer (KYC) process.

  • KYC is a standard procedure designed to prevent identity theft, financial fraud, money laundering, and other illicit activities.

  • Successful completion of KYC will provide you with a unique Customer ID, confirming your identity.

  1. Voting Power Snapshot and Rank Update:

  • The voting power snapshot is a critical aspect of the Rank Update process, ensuring fair representation and dynamism within the eckoDAO.

  • On the 24th of each month, a snapshot is taken to capture the current voting power of all DAO members.

  • The snapshot considers both existing members and new applicants for the upcoming epoch.

  • On the 27th of the month, changes are made based on this snapshot.

  • For example, if a new applicant for the upcoming epoch has higher voting power than the current eckoLEAD members as of the snapshot day, a rank swap occurs.

  • The eckoLEAD member with the lowest voting power is swapped out, and the new applicant is assigned the eckoLEAD role.

  1. Replacing Inactive/Malicious eckoLEAD Members:

  • If the eckoCORE team identifies an eckoLEAD member as inactive or malicious, a vote can be initiated to remove them.

  • This vote is similar to a proposal rejection, requiring a 3 out of 5 majority to reject.

  • The eckoCORE team must provide evidence to the community to support the motive for replacing the eckoLEAD member.

Last updated