Publication of this QWIP-1 formally establishes the decentralized community-wide governance structure that is governable by Tokenholders through the governance process and procedures identified in this documentation. Core governance of the QWAN DAO occurs through governance proposals and voting, which is described in further detail in the sections of Decentralized Governance Design , Governance Concepts and Governance Process. These processes outline the requirements for Tokenholders to submit proposals, the types of proposals available to Tokenholders, the rubric under which such proposals must be made, how a QWIP is reviewed, and the voting procedures for deciding on a QWIP.
Additionally, this QWIP-1 describes the QWAN Foundation, a Cayman Islands foundation company (the “Foundation”), which has been established to oversee and administer the QWAN ecosystem and the QWAN DAO. Administration and protection of the Foundation is carried out by appointed Directors and members of the Special Council, which you can read more about in Decentralized Governance Design and Governance Concepts.
The QWAN ecosystem is initially focused on a number of key areas of development: • Games for those developing or existing already in the market, the QWAN DAO offers access to governance, cross game and platform opportunities. (Referring here to the means of interoperability between existing and future games, transcending the ‘closed garden’ model, and providing a neutral community driven asset class as the means of execution that would not conflict with any corporate entity, customer strategy, or business model.) • Consumer platform businesses such as content distribution platforms, or any other platforms bringing value to players and gamers at large (for example, data platforms, betting, premium content, agency services, etc.). • In the esports industry, many businesses and service providers rely heavily on sponsorships and aim to generate revenue from their audiences. The QWAN DAO seeks to change this dynamic by empowering gamers to become more than just a commodity, but instead integral members of a sustainable ecosystem. This area of ecosystem development will focus on developing organizations (such as teams, guilds, leagues), engagement and solutions (such as content distribution platforms, content producers, and brands), and engagement with existing services (such as partnerships with content distribution platforms and event hosting). By actively participating in existing and novel monetization methods, video game fans can now share in the monetization and help ensure a thriving and continuously expanding industry. Essentially, the QWAN DAO aims to introduce new players and income streams to the current gaming industry model, resulting in a healthy and growing ecosystem.