This is the proposal for the NNS to create an SNS DAO to govern the IC GHOST.
IC GHOST is the first meme coin and one of the leading projects within the ICP ecosystem!
At IC GHOST, we are deeply committed to realizing the vision of Satoshi Nakamoto and fostering a community driven by selflessness and dedication. With the launch of our SNS-DAO, we embrace the spirit of collective decision-making and invite our community to actively participate in shaping the future of our project. Together, let’s harness the power of DAO!
Through this strategic move, we are relinquishing control and entrusting the leadership and governance of the IC GHOST project to you, our valued community members. Our decentralized autonomous organization (DAO) empowers each individual within the community to play an active role in shaping the direction and success of IC GHOST.
We are committed to creating tangible value for all ICP users. Our ultimate goal is to establish a fully decentralized and self-governing organization where every $GHOST holder becomes a respected stakeholder, contributing to the growth and prosperity of the project.
Together, let’s pave the way for a new era of decentralization and community-driven innovation. Join us on this exciting journey and be part of shaping the future of IC GHOST!
Every penny from SNS sales will be used for the liquidity of GHOST/ICP, which will be added through proposals.
Total token supply: 10 billion GHOST tokens
- 75.92%: Reserved for the SNS treasury & under control of the IC GHOST DAO. A portion of it is allocated for a 1:1 exchange between GHOST (EXT) and GHOST (ICRC1).
- 20%: To be distributed by the NNS run decentralization sale, Every penny from here will be used for the liquidity of GHOST/ICP, which will be added through proposals.
- 4.08%: Allocated to the IC GHOST team which vests 1 year
Ledger transaction fee: 1 GHOST token
For more information on the token allocation please read here.
Each decentralization sale participant will receive their tokens in neurons with dissolve delays is 0
Why is the dissolve delay set to 0? Firstly, this decision was made based on the request of the IC GHOST community users. Secondly, we want to avoid imposing mandatory governance on users. Instead, we encourage active participation from IC GHOST users. Once the sale is completed, and token conversion is finalized, every GHOST token holder can stake their tokens through Internet Computer Loading and gains voting rights to participate in the DAO governance of IC GHOST.
The IC GHOST team will receive their tokens in neurons with a 1 year dissolve delay.
The governance parameters for IC GHOST are proposed to be initially set as:
- Min stake: 10,000 GHOST tokens
- Min staking period for voting: 7 Days
- Max staking period: 1 Year
- Voting Rewards: 1.25% of GHOST token supply minted annually
Max staking bonus (for 1 year): 1.25x Max age for age bonus: 6 months Max age bonus: 1.25x These parameters can be verified by querying the governance canister’s get_nervous_system_parameters method at Canister: 6nh4s-5yaaa-aaaaq-aaaxq-cai - IC Dashboard
20% of the total supply of tokens are proposed to be distributed via an SNS decentralization sale. If the proposal is adopted, the sale will start after the specified delay. If the maximum number of ICP configured below is raised before that date the sale will conclude earlier.
Sale participation parameters:
- Min participation: 1 ICP
- Max participation: 100 ICP
- Max to be raised: 20,000 ICP
- Min to be raised: 10,000 ICP
- From Community Fund: 0 ICP
- Min participants: 100
- Sale due: 1 week
- Sale delay: 0
The sale is open to anyone. Participation is either via the launchpad in the NNS front end: https://nns.ic0.app/ or on the command line using quill.
The Ghost platform consists of 3 dapp canisters.
- IC GHOST official website canister:
- IC GHOST NFT Collection canister:
- IC GHOST Token (EXT) canister: