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NEO DAO - EN
NEO DAO - EN
  • 🌐NEO DAO
    • đŸ”ļWhat is NEO DAO?
    • 📖Glossary
    • 📍DAO vs Centralized Organization
  • đŸ–Ĩī¸ARCHITECTURE
    • â„šī¸NDT & NLP Tokens Overview
    • đŸ‘¨â€âš–ī¸NDT (Governance Token)
    • đŸĒ™NLP token (Liquidity Provider Token)
    • đŸ“ĨHybrid Voting
    • đŸĻMutual Fund
    • 🤔How do I connect my DeFi wallet to NEO DAO?
  • 💎NEO DAO Assets
    • â˜‘ī¸NEO X
    • ❓What is NEO X?
    • 📱Download NEO X
  • 🔎NEO CREDIT (NRT) - TOKENOMICS
    • 👨‍đŸ’ģTechnology
    • 📝Token Audit
    • 📊Features and Strategy
    • 📈What defines the value of NRT?
    • 📈Tokens Use Cases
  • 💰For Investors
    • đŸĒ„NEO DAO gives a super power for investors
    • 🔄Withdrawal from NEO DAO
  • đŸ–Šī¸How to participate in NEO DAO?
    • 💹Buy NLP Token
    • 📈Buy NDT Token
  • đŸĨ‡Treasury
    • 💰NEO DAO Treasury
  • 🔮NEO CIRCLE MEMBERS
    • 🔍How to NDT Token
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  • What is NDT?
  • NDT token role in NEO DAO:

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  1. ARCHITECTURE

NDT (Governance Token)

What is NDT?

Non-transferable BEP-20 token. Address of NDT equals to NEO DAO address

NDT address = NEO DAO Address. This is the same smart contract

NDT token role in NEO DAO:

After NEO DAO creation, we will distribute Governance tokens (NDT tokens) among NEO DAO participants.

All wallets with NDTs have access to NEO DAO and can create any proposals. The quorum determines how many tokens are needed to activate any vote in NEO DAO. All issued NDTs equals to 100%, so a 51% quorum will require 51% NDTs, which are distributed among NEO DAO members.

NEO Governance tokens cannot be sent to another wallet by direct transfer. If there is a need to send tokens, for example, NEO DAO member decided to leave the project, that NEO DAO member needs to initiate a vote to transfer GT from his wallet to another.

Governance tokens cannot be sent to another wallet by direct transfer

As you can see, the NDT token makes it possible to be a member of the NEO DAO. What then is the difference between an NLP token and a NDT Token?

PreviousNDT & NLP Tokens OverviewNextNLP token (Liquidity Provider Token)

Last updated 2 years ago

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