A DAO first has to have some internal property, tokens that can be spent by the organization or used to reward certain activities within it. Secondly, while participating in a DAO, users get voting rights and subsequently the ability to in fluence the way it operates.
The EGG protocol is governed and upgraded by EGG token-holders. The Voting smart contract allows the community to propose, vote, and implement changes through the administrative functions of the EGG token. Proposals can modify system parameters, support new markets, or add entirely new functionality to the protocol.
Voting corresponds to locking your EGG for the duration of the poll, the weight of your vote corresponds to your proportion of EGG in the overall poll.
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