EnreachDAO Governance
Activate KYCNFT = FIAT RAMP + NRCH VOTE
EnreachDAO Governance puts you in charge of the future of EnreachDAO.
You can vote on proposals or delegate your votes to another party.
The KYCNFT can be activated by staking NRCH token and the KYCNFT on the EnreachDAO voting interface.
The amount of NRCH token staked on the interface enables KYCNFT activation options as below:
Every active KYCNFT holder is a gateway for FIAT into DeFi as well as participating in EnreachDAO governance.
The nFIAT transactional tax when the token is bought or sold on Uniswap Version 2 AMM variant platforms is mapped to EnreachDAO governance pools. Amounts of nFIAT are allocated to the costs associated with EnreachDAO banking and debit card connectivity.
Residual nFIAT is used to purchase NRCH from the market to be distributed between KYCNFT holders in proportion to the amount of NRCH staked.
In the instance that nFIAT transactional taxes are not enough to cover costs associated with EnreachDAO banking and debit card connectivity, the 1% of NRCH distributed to token holders that is distributed to the KYCNFT staking pool will be sold into the market to cover costs.
In the event neither nFIAT or NRCH transactional taxes are insufficient to meet costs associated with EnreachDAO banking and debit card connectivity, NRCH from the elastic reserve will be sold into the market to cover costs.
Last modified 1mo ago
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