hDAO Voting Power: Influence and Change with HAI
Diversity, Equity, and Inclusion (DEI) have become crucial principles for any organization, and they are especially relevant in the crypto world. Decentralization promises to create a more equitable and accessible financial system, but it must be accompanied by inclusive decision-making processes that reflect the needs and values of diverse stakeholders.
Deloitte notes that Diversity, Equity & Inclusion (DEI) are powerful drivers of innovation, business value, and growth. By bringing together diverse perspectives and experiences, organizations can better address complex challenges and opportunities. That’s where hDAO comes in.
hDAO Basics
At hDAO, we’re committed to taking the principles of DEI to the next level by empowering every member of our ecosystem to contribute to the growth and success of Hacken. Our innovative structure allows not only the submission of their ideas with Request-for-Proposal, but also provides opportunities for ecosystem members to become committee members based on their value and contributions to the ecosystem through Trust Army progress, reports, ambassadorship, social mining, or even memes.
Once Proposals are approved by a certain hDAO Committee, Members vote for Proposal. That is where the Voting Power of HAI comes into play.
The power of voting has long been a cornerstone of democratic societies. In the world of cryptocurrency, the same principle applies. With the introduction of decentralized autonomous organizations, the ability to vote has been given to a much wider audience, creating a new paradigm in decision-making.
HAI Becomes Governance Token
Historically, HAI is the foundation of the Hacken community. hDAO gives HAI a new utility. At the heart of the Hacken DAO is the concept of Voting Power, giving token holders the ability to influence the direction of the Hacken ecosystem. In the history of decentralized organizations, even a single vote has made a difference and changed the course of a project.
By staking HAI tokens, you will get Voting Power and use VP to make key decisions. Transfer your VP to a trusted Delegate who can vote on your behalf, or vote by yourself and directly shape the direction of the Hacken ecosystem.
More owned HAI tokens mean the power of decision-making. With the ability to accumulate and delegate Voting Power and the commitment to promoting DEI, the hDAO is poised to create a new level of engagement and participation in the Hacken ecosystem. Through the voting process and staking that is given to members of the ecosystem, the hDAO is ushering in a new era of collaboration and innovation.
Rewards to hDAO Contribution
In a bold move towards incentivizing active participation and contributing to the industry, we have recently announced a significant change in the Membership program. Hacken has made it clear that HAI tokens will no longer be distributed for free, as the company seeks to encourage and reward its community members who are actively involved in the growth and development of Web3, where trust is a default. That marks a significant shift towards a more community-driven approach, with staking inside the Membership program now offering yields for members who are willing to contribute their time, skills, and resources to the industry. In addition, such a shift will reduce inflation, as less easily-received tokens will be on the market.
Starting from the hDAO full release, all Members will use their Voting Power to participate in decision-making and will have a 3% APY in their Membership. Those members who delegate their VP to somebody else will only have 1% APY.
Such encouragement for active participation in hDAO contribution will help to build a mature and product-oriented community.
Moreover, all current holders will fully receive staking rewards based on their contract without pauses and changes.
Following New Tokenomics
As the crypto industry evolves, so do the principles guiding the Hacken ecosystem. The latest shift in the vision for the HAI token emphasizes the need for self-contribution and participation. It’s no longer a token that can be obtained passively but a valuable asset earned through work and utility. This forward-thinking approach is a significant milestone in the evolution of Hacken and promises to take the community to new heights.
Follow our Hacken.AI Twitter, the next announcement about hDAO Decision-Making will be surprisingly soon.
