The Nexus DAO is the cornerstone of IOST 3.0's decentralized governance model. It brings together community members, developers, nodes, and the foundation to foster the sustainable growth of the PayPIN ecosystem.

Powered by IOST tokens, the Nexus DAO creates a self-reinforcing incentive system to allocate resources to innovative projects and initiatives aligned with the ecosystem's long-term goals.

Governance Mechanism

Nexus DAO leverages an on-chain governance model powered by staking, creating a transparent and equitable system for decision-making.

Staking and Voting

Token holders who stake IOST tokens for at least 60 days receive veIOST, a non-transferable on-chain token that grants voting and proposal rights.

The more IOST staked, the greater the voting power, ensuring long-term commitment drives decision-making.

Funding Allocations

veIOST holders vote on how Nexus DAO funds are allocated, such as improving DEX liquidity, sponsoring early-stage PayPIN projects, issuing grants, and accelerating innovation through dual mining incentives.

Initial Funding

The foundation initially funds Nexus DAO, with subsequent additions decided through network-wide voting, fostering transparency and community engagement.

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