Who are the different entities and how are they involved or related?
The QWAN Foundation - The QWAN Foundation is a legal entity to ensure the long-term continuity and administration of The QWAN DAO’s proposals and decisions.
QWAN DAO - The QWAN DAO is a decentralized community of The QWAN holders that can discuss, propose, and make decisions regarding The QWAN Fund, governance, projects, and related community initiatives. The QWAN Ecosystem - A community of projects enabled by, invest in, and/or connected to The QWAN DAO.
QWAN - the signifier for The QWAN Token
Banger Games - Banger Games is a global gaming hub known for multi-game asynchronous tournaments with token-based rewards. BG will leverage QWAN as a primary token across rewards and expansion. BG has no legal or governance rights over QWAN, The QWAN DAO, or The QWAN Foundation.
How does the DAO interact with the different entities and the governance process?
The DAO is supported by a governance process through QWAN Improvement Proposals (QWIPs). These QWIPs are discussed and voted on through the DAO voting interface. Successful QWIPs are then implemented by the foundation. These QWIPs can relate to the use of the ecosystem fund, the selection of actors to perform key foundation tasks or related functions, the selection of actors for the special council, and the governance process itself, among other areas.
Does the Foundation control QWAN and/or The QWAN DAO?
The foundation does not control either the QWAN token or the QWAN DAO. The foundation is a legal entity required to ensure the QWAN DAOs decisions are implemented and compliant with regulatory requirements. The foundation is joined by third-party administrators and the special council along with the opportunity for QWAN-funded staff, to manage the infrastructure, services, and decisions from the DAO.
What is the relationship between The QWAN Foundation and administrators?
The QWAN Foundation is the legal entity created to enable the decisions of The QWAN DAO. The administrators are an organization selected by The QWAN DAO to ensure that DAO decisions are implemented and the DAO community’s services (such as discussion boards, forums, proposal submission, etc.) are managed.
What is the Special Council and how does it work?
The special council is a group of QWAN members selected to steward the decisions of the community and ensure foundation activities are aligned with the vision and ethos for QWAN. These members need strong industry experience, operational experience, and skin in the game. The council members initially serve a period of 12 months.
Will there be a chance for other individuals to join the Council?
Yes. After the initial 12 month term, DAO members will hold elections to either continue with existing council members or appoint new members. Special council members can also be removed with an emergency community vote at any time.
THE QWAN ECOSYSTEM
The QWAN provide both a native token for gaming platforms and an expanding ecosystem of related platforms, hubs, services, and communities. The QWAN Ecosystem, enabled through The QWAN token and its decentralized community-led governance model, aims to work as a partner to help shape the future of the global gaming industry and gaming culture. To this end, The QWAN proposals to fund Areas of Interest to expand The QWAN Ecosystem. The preliminary focus for these Areas of Interest are:
• A native QWAN gaming studio
• Services and applications for community-led gaming
• DAO-focused applications
• Web3 and community-led gaming research projects
• Charitable projects aligned with the QWAN ethos