LogoLogo
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
Powered by GitBook
On this page

Was this helpful?

Export as PDF
  1. NEO DAO

Glossary

Glossary

There are terms, abbreviations and definitions used in the NEO DAO documentation.

Term

Definition

Absolute majority voting

50+1% of the votes must be reached to achieve a quorum.

Assets Under Management (AUM)

All funds managed by a NEO DAO.

Consensus

A principle according to which any transaction, change of the NEO DAO management rules or other actions allowed by the conditions of NEO DAO, is carried out only after creating a vote and reaching a quorum.

Decentralized Autonomous Organization (DAO)

A form of organization where participants' activities are based on rules set in smart contracts, and any decisions are executed only when consensus has been reached.

Governance Token (GT)

A governance or native token that allows its members to create and participate in votes. NEO GT has no economic value, cannot be sent to another wallet like a regular token, and can only be created or sent as a result of voting in NEO DAO.

Hybrid voting

Participants vote off-chain using a unique signature, while the execution of the voting results is done on-chain. This type of voting allows us to significantly reduce gas costs without compromising security.

Liquidity Provider Token (LP)

An investment token or liquidity provider token. An BEP-20 standard token, backed by NEO DAO assets and varying in price depending on the total issue of the LP and AUM of NEO DAO. When an LP token is burned, a holder receives a proportional share of the AUM of NEO DAO. The total supply of an LP token depends on its economic value.For example, if 10 LPs were issued and the project's AUM is $1,000, then the value of 1 LP is $100.

Module

A special smart contract providing some additional function for NEO DAO.

Off-chain voting

All participants' actions, including the voting result, do not interact with the blockchain. This type of voting is usually used for project community voting, as it does not entail the binding execution of a decision.

On-chain voting

Every participant's vote is "recorded" on a blockchain, and the result of the vote is executed automatically after a quorum is reached. This type of voting is characterized by high gas costs.

Quorum

The number of votes required for a decision to be executed.

PreviousWhat is NEO DAO?NextDAO vs Centralized Organization

Last updated 2 years ago

Was this helpful?

🌐
📖