Introduction

WONDER DAO

The First, The Wonder of WONDERS

WONDER DAO is the first node of the 40 nodes that have come together to participate in the governance of the WEMIX3.0 mainnet.

Currently the WEMIX3.0 mainnet is at the Phase 01 step where it is operated by the 40 WONDERS: Node Council Partners. The 40 WONDERS, in charge of the operation of WEMIX3.0 mainnet validator nodes, are comprised of three categories of partners: professional blockchain technology partners with advanced technical skills who contribute to the secure operation and innovation of the WEMIX3.0 mainnet, as well as ecosystem partners who will invigorate both the on-chain and off-chain ecosystems, and a community partner named WONDER DAO. Each Node Council Partner is required to stake 1,500,000 WEMIX to become a validator node. The PMR (Permanent Minting Reward, 1 WEMIX per block), which refers to the mainnet block minting reward, is distributed automatically to the 40 WONDERS (40%), to the WEMIX ecosystem (25%), for maintenance of the mainnet and the ecosystem(25%), and for GRAND Staking (10%). WONDER DAO utilizes the block minting rewards that occur from participating in the 40 WONDERS to contribute to the growth of the DAO and the WEMIX mega-ecosystem.

Plans for the WEMIX3.0 mainnet include the implementation of democratic governance in a step-by-step process, and during the transition process to the next step, WONDER DAO will continuously contribute to node operations, and the completion of democratic governance and the mega-ecosystem, and become a Community that grows continuously.

NEITH Protocol for WONDER DAO

The NEITH Protocol is a modularized platform that supports all DAO activities including streamlined Community organization, creation of native tokenomics, and more. WONDER DAO performs DAO recruitment and operations on-chain by utilizing smart contracts smart contracts provided by the NEITH Protocol, which is implemented on WEMIX’s NILE platform.