Our Projects

Dragon DAO

• Dragon DAO

Dragon DAO is a decentralized autonomous organization that stewards the Dragon Metaverse. CHI is the governance token of DragonDAO.
In the crypto-economic design, DragonDAO will hold 48% of the genesis supply of CHI tokens. It will be split equally into three parts, each accounting for 16%:
• Dragon X, a Dragon community treasury vault;
• Dragon Y, as an incentive to build the metaverse system called "MeFi";
• Dragon Z, for future development, to build a system combined with MeFi and NFT.
DragonDAO will be officially launched on-chain after the first DAO constitution is voted on by the community members.

Dragon X

What is Dragon X?

Dragon X is one of the most important components of Dragon DAO. The concept of design is to create the Treasury of Dragon DAO. The mission is to secure capital operation for the long term and minimize risk at the market level or other unpredictable risks at the same time to support the growth and development of Dragon City.
In a nutshell, Dragon X is to explore the huge potentials of the Metaverse for Dragon City. Our goal is to build a community-governed fund to foster a community in the Metaverse.

Purpose of Dragon X

• A fund to support Dragon development;
• Support the growth of the Dragon Ecosystem;
• Grants to foster the Metaverse startups;
• Future contributor incentives;
• Protocol mergers & talent acquisitions;
• Co-operation across the ecosystem in the Metaverse;
• Stabilize CHI.

Where does the fund come from?

• 16% of the total genesis supply of CHI tokens;
• Reinvestment to potential projects in the Metaverse;
• Income from the community projects eg. NFT platform, MeFi...
• and more...

When to start?

One year later after the launch of the $CHI token and Dragon DAO, to be decided by the community.

Who controls Dragon X‘s fund?

Dragon X, like Dragon DAO itself, will finally hand out to the community in the development of the second stage. Every holder of $CHI can vote on what the upcoming DAO does. Before the DAO governance system starts, the team will hold this multi-sig wallet.

Dragon Y

What is Dragon Y?

Dragon Y's goal is to design a Metaverse DeFi-NFT system, an incentive to innovate the long-term metaverse system building for the CHI holders.

Where do we Yield the values?

In our minds, there are huge opportunities for the metaverse space in the coming future. What Dragon Y would do include:
• Build a Lend/Borrow platform;
• Reward the participants of the Metaverse system;
• and more...

When does Dragon Y launch?

Next phrase, no timeline, at least one year after Dragon DAO governance token's launch. It totally depends on the progress of development.

Dragon Z

Dragon Z (meaning Zeitgeist) will be the important component design of Dragon Metaverse. We think the Metaverse is still in its infancy. It has huge potential for changing our society by developing public goods. This will be in our long-term planning.
The details of Dragon Z are still under research. More information will be provided as soon as we are ready. Dragon Z would be the third stage in the roadmap.

Our destination?

The Metaverse!

Why DAO

Communities > Companies in a TRUE Metaverse

We believe that a true metaverse should be collectively created and owned by its builders, which means that it should not have a centralized power structure. All stakeholders ought to have the right to participate in value creation and value distribution.
DAO's trustless governance structure allows everyone, not just a few people, to participate in the decision-making process. The openness, transparency, and immutability of smart contracts can greatly reduce the need for intermediaries that might compromise decentralized decision-making.
In addition, it allows for greater respect for human spontaneity and self-agency, where each person's value judgment determines why and how she contributed to a community and what corresponding rewards she expected to receive. It is driven by highly aligned values, rather than traditional top-down corporate rules, that people from different backgrounds and geographies connect and collaborate with each other in a community.
DAO has the potential to connect the increasingly atomized individuals and build a more open and equal metaverse in the future.

Reconstructing Civic Life for Ourselves

When we participate in civic life, we need to be part of a collective and community that is involved in the governance of public affairs, working together towards a common goal and making an ideal city possible.
In order to build a city we all want to live in, members of the community need to raise issues openly, make sure everyone is informed, and give others the right to voice their opinions, participate in the voting process, and engage with fellow citizens in respectful and positive ways.
While in reality, most of us may not have the opportunity or ability to be civically engaged in society. We are either too busy with daily life to devote enough time to volunteer activities, or we have become so accustomed to passively accepting the environment we are in that we gradually lose confidence in reshaping our city with others.
By running a DAO, we have the opportunity to learn how to engage and refine our civic life. We hope it would finally influence how we react to and participate in real-life public affairs.

An Experiment to Optimize Human Coordination

We have witnessed the application of DAO in some excellent projects such as Moloch and Gitcoin, which have largely revolutionized the coordination model and provided direction for us to build a community dedicated to public goods. DAO is still in its infancy. We still need a lot of research, Trial and error, and there will be many possibilities waiting to be explored.

How It Works

DAO Constitution

Dragon DAO Constitution will clarify some of the basic principles of DAO governance and the basic rights of the stakeholders, participants, and the general membership of the Dragon community. It will be initiated and drafted by the community, for the community. The community members will vote on its adoption as the principle of Dragon DAO. It's our constitution of Dragon Metaverse.

Quadratic Voting

The concept of Quadratic Voting (QV) comes from the 2018 book Radical Markets by Eric Posner, a Professor of Law at the University of Chicago, and Glen Weyl, senior principal researcher at Microsoft. It is a collective decision-making procedure that is a cross between one-dollar-one-vote and one-person-one-vote schemes. Voters are able to express not only their preferences but also the extent of their preferences through the allocation of votes. This type of voting solves the "free ride" problem and ensures that individual interests and the maximization of social welfare are aligned.
A QV system will be embedded into DAO governance in the future, to make collective decision-making more equitable for the public good.
Learn more: https://quadraticfinance.com/

CHI

Born for a Community-driven Metaverse

Chi is to be inherent in all things.
Starting with it, a brand-new decentralized system and a metaverse-native community will be growing by leveraging blockchain technology.
Our vision is to build an open metaverse via CHI.
What you are witnessing is the birth of a star, a sort of genesis.

About CHI

A Metaverse Token

CHI token, designed as a utility token, is firstly introduced into DragonDAO to be acted as a governance token. It follows the ERC-20 standard with a capped supply of 10 billion. With our long-term vision, it will unleash its potential in the future to power a decentralized metaverse. CHI also acts as the fundamental infrastructure design of Dragon Metaverse, a shared metaverse space for the Dragon Community built on the Dragon Cites.
CHI cannot be treated as any money or financial currency or valued security in the real world and the real economics, CHI is just a governance tool for our ongoing building of open metaverse: Dragon

Supply

CHI, being created to support our long-term vision, is with a capped supply of 10 billion.

Allocation

66% of the CHI supply will be allocated to the community, of which
• 3.26% will be allocated for community building, including grants/events/community support, as an incentive for the ecosystem building;
• 14.74% will be airdropped to Dragon City (Genesis) contributors, active participants of the Dragon City community, Decentraland district contributors, and LAND/ESTATE holders;
• 48% will be allocated to the DragonDAO.

The remaining supply will be locked for one year since launch, of which
• 7% will be kept for our long-term supporters, including investors and advisors;
• 27% will be allocated to the team.

Utility

The holders of CHI tokens will have the right to decide how the Dragon ecosystem develops. They are encouraged to join the Dragon community and participate in the development of the technical infrastructure, content, culture, etc. of Dragon Metaverse. In more detail, this includes the following areas:
• Co-management of DAO treasury;
• MeFi, to build a metaverse system;
• Dragon.Art, a community-centered NFT art marketplace.

Who Can Claim The Airdrop?

You will be eligible for claiming CHI tokens if you meet one of the following requirements:• If you are the original LAND contributor to Dragon City (Genesis);
• If you are a DCL Private LAND / Estate holder;
• If you are a contributor to other DCL districts;
• If you are a participant in Dragon City (Genesis) events;
• If you have purchased the wearable NFTs of Dragon City (Genesis).In addition, you will receive the following EXTRA CHI token rewards if you are:• A LAND contributor who did not claim DCT: 100,000 tokens per LAND contributed;
• A LAND contributor who is holding DCT: 100 tokens per DCT held;
• DCT other holders: 100 CHI per DCT held.

Official Links & Addresses

$CHI Smart Contracts: 0xE61a4c119408ecD8764b6DCf877f6b4c07A21EE4Website: https://dragon.xyz

VERY IMPORTANT

• DO NOT interact with the DCT smart contract after our whitelist is created, or you will miss the opportunity to claim your CHI airdrop.
• DO NOT transfer or exchange your DCT tokens after our whitelist is created, or you will miss the opportunity to claim your CHI airdrop.
• DCT tokens (launched by the former operator of Dragon City on Decentraland) will not be able to circulate in the Dragon ecosystem, and DCT will not play any role in the future Dragon community.
• Contributors will have 2 years to claim their tokens since the CHI launched, after which any remaining tokens might be sent to the DragonDAO treasury via voting by the community.
• The airdrop snapshot time is 2022/04/09 19:00 (UTC+8).

NOTICE

CHI is NOT a currency, having no economic value. It is a governance token used to oversee the Dragon Metaverse ecosystem.

Dragon Pass

Your Metaverse ID

What is Dragon Pass

Dragon Pass is a metaverse identity system that represents the official "metazenship" in Dragon Metaverse, including Dragon Cities.Dragon Pass is a Non-Fungible Token that follows the ERC-721 standard. If you hold a Dragon Pass, it means you are one of the owners of Dragon Metaverse. The rights you may have included but are not limited to:• Your Identity of Dragon Metaverse;
• Access to the exclusive locations in Dragon Metaverses for community events, in both virtual and real-world;
• Priority access to Dragon.Art NFT airdrops and giveaways;
• Access to exclusive community Discord channels；
• and more...

How to get it?

There are two ways to get a Dragon Pass:1. If you are the original LAND contributors of Dragon City (Genesis) or a DCT token holder before our airdrop snapshot, then congrats, you are the Founding Metazen which means can claim your Dragon pass for free.
2. If you are not a contributor, you can purchase it after we launch it.

Design & Allocation

To be announced.

When Dragon Pass?

Stay tuned!

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