5. $KEEN – Governance

In order to participate in the governance life of the DAO, it is necessary to have governance power. Initially, the distribution of governance points will be straightforward. Before the emission of the $KEEN, the governance will be distributed to Climate Token holders. Then, simply holding a $KEEN token gives you one vote.

This model is not the fairest, which is why, in a second phase, we will suggest and put to the vote the following model. This will come when the governance will be mature and well-established :

To acquire governance points, users need to lock $KEEN, and this locking process yields points.

The distribution of points is based on the following formula: V = X x Y x Z

• X: quantity of locked tokens

• Y: time elapsed since the beginning of staking

• Z: reward coefficient

This creates a fairer economy among governance users since the voting weight cannot be directly purchased. Even a whale with a high X value will not be able to manipulate governance easily because they will need to stake for a long enough period to claim a significant voting weight compared to other governance members who may have a lower X value but a higher Y value.

The quorum and associated rewards with the DAO are to be determined.

Later, core contributors may be selected by the DAO to form an expert committee and validate the DAO's decisions.

The governance model must be well-thought out as decisions made will have a big impact on the project. Indeed, once the DAO's treasury has been consolidated and the price of the token maintained thanks to increased activity within the project, we will be able to start using treasury tokens. In order to grow the number of projects in which Keenest invests, the DAO will be able to vote periodically to direct cash from the DAO's treasury to invest in a particular project. This will have a negative effect on the token price in the short term, but will be positive in the long term, as the projects in which the DAO invested could generate profits.