6. Auroca Token Utilities (AURC)
Governance Participation: Holders of the AURC token may utilize their tokens to access the Governance Interface, enabling them to actively engage in the governance process of the Auroca DAO. AURC token holders shall have the opportunity to vote on proposals, elect representatives, and exert influence on decision-making within the decentralized organization.
Proposal Submission: Holders of the AURC may access the Governance Interface and submit proposals for new initiatives, or changes within the decentralized operations of the Auroca DAO. As a Swiss Association, Auroca DAO must be compliant with the Swiss financial market laws and the practice of the Swiss Financial Market Supervisory Authority (FINMA), and adhering to other Regulatory frameworks. To enable decentralized governance while maintaining the legality and integrity of the Auroca DAO, all proposals submitted via the Auroca DAO Governance Interface shall be approved by a lawyer or a law firm specializing in the respective regulatory legislation and directives, before the proposal may be escalated to the Auroca DAO members vote.
Content Curation and Moderation: Holders of the AURC token may play a role in content curation and moderation. Participants shall be compensated for identifying and creating high-quality content, flagging inappropriate content, or providing valuable feedback to content creators.
Resource Allocation: Holders of the AURC token may utilize their tokens to exercise their voting rights on resource allocation within the Governance Interface. This could involve directing funds or assets towards specific projects, partners, contractors, or legal entities, allocating computing power or storage space, or distributing rewards to contributors. DAO members cannot vote to allocate resources, monetary or otherwise, for their own benefit. However, members can propose their services to the DAO, and the community will collectively vote on whether to allocate resources accordingly.
Purchase and Redeem: The Auroca DAO aims to launch AURC token through a PreSale via a reputable Launchpad, where users shall be able to deposit supported cryptocurrencies in exchange for future AURC tokens. The AURC tokens shall become available for users to redeem during the Token Generation Event (TGE).
Staking Tokens: To promote the ecosystem growth, staking the Auroca Utility tokens (AURC) shall reward the user with additional “power” or “influence” in the community, such as voting rights. Staking ensures fair play by linking voting power to the amount of stake held by participants. This means that those who have a greater commitment to the DAO, demonstrated through higher stakes, have a proportionately greater influence on decision-making processes. Secondly, staking helps to ensure that the allocation of assets is aligned with users' commitment levels, promoting a fair and equitable distribution based on their investment in the DAO. Additionally, staking can help secure the network by incentivizing participants to act honestly and in the best interest of the DAO, as their staked assets are at risk if they engage in malicious activities.
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