Concept of DeGov.AI Tokenization and Its Potential Implications #24
Replies: 6 comments 11 replies
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i know nothing of this DeGov.ai. other then it is some sort of dao platform with ai agents. the website isn't very informative. what is the use of DGAI token, is it equity,is it native token for the protocol. some details would be appreciated, |
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I think the proposal in the current form is a great idea to support DeGov.ai. Though I do wonder if instead of burning the RING and then DeGov getting the grant from the RingDAO treasury, could the funds raised by people sending RING for DGAI be used to fund additional development? |
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@hackfisher I am hoping that Ring deposit nft's will be eligible to be used for the Ringburndrop event. |
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We are now successfully onboarding Aquari, as DeGov's first DAO client, inshallah generating $1,900 in the first year, which is a strong early signal of revenue potential. I believe this strengthens the case for aligning DeGov's growth with tangible returns to RingDAO and Ring holders. For the above reasons, I propose that part of the DeGov's revenue (or token allocation) flow back to RingDAO, here are two ways i am thinking:
This would create : Long term incentive alignment, and reinforce the value of supporting early projects esp through the ringdao treasury, and reward the ring ecosystem and its people for early support! |
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The more I think about it the more I like the initial idea on RINGburndrop Initiative when certain ammount of Ring could be burned for DGAI. I think we all agree not to split revenue at start, we also see it is time we set this future idea of splitting revenue in motion. Imagine if real revenue is split among DGAI token holders(and we RING holders would have the advantage with RINGburndrop Initiative, but we need to know in advance so we can free some Ring from staking). That would be most attractive to investors and great marketing point. |
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I need to be blunt: it looks like the team is quietly abandoning Darwinia and Ring by shifting resources and attention to this new DeGov.AI side project. Using treasury funds and proposing a RINGburndrop to bootstrap DeGov feels like they’re diverting value away from the original ecosystem without clear justification. What’s missing is a concrete explanation of how DeGov will actually benefit Darwinia and Ring holders. Is this just a lifeboat for the team—a way to move on to something new while leaving the old project to fade? Burning RING tokens in exchange for governance tokens in an unproven platform with unclear utility feels like value extraction rather than value creation. The community deserves transparency on the long-term strategy here. If the team is moving on, they owe holders a clear roadmap, not token gimmicks and vague promises. Without that, this feels like a quietly orchestrated abandonment rather than a thoughtful evolution. |
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Background
We are considering the idea of implementing tokenization for DeGov.AI. The preliminary concept involves issuing a total of 1 million DGAI tokens. Of these, 50% (i.e., 500,000 tokens) might be allocated to RingDAO for an initiative tentatively named RINGburndrop, while the remaining 50% would be reserved in DeGov.AI's Treasury to support future development and operations. It's important to emphasize that this is merely an initial concept, not yet finalized, and we are seeking feedback and suggestions from the community.
Envisioning the RINGburndrop Initiative
In this concept, the RINGburndrop initiative aims to distribute DGAI tokens by burning RING tokens. The proposed mechanism includes:
Burn Address: RING holders would transfer their RING tokens to a designated burn address, such as
0x000000000000000000000000000000000000dead.Distribution Rules:
If Less Than 100 Million RING Are Burned: Should the total burned RING tokens be less than 100 million by the initiative's conclusion, the proposal is to grant 1 DGAI for every 200 RING burned.
If More Than 100 Million RING Are Burned: If the total burned RING tokens exceed 100 million, each RING burned could yield DGAI calculated as 500,000 divided by the total burned RING, i.e., each RING burned would receive
0.5M/Total_Burned_RINGDGAI.Potential Support from RingDAO for DeGov.AI
Currently, RingDAO has sponsored DeGov.AI with $15,500 through a Request for Proposal (RFP), supporting the development of an open and extensible DAO application platform integrated with AI agents for next-generation governance. Detailed information can be found in RingDAO's GitHub repository.
Additionally, RingDAO may consider providing an extra $30,000 in sponsorship if DeGov.AI successfully implements tokenization and achieves a burn of over 60 million RING through the RINGburndrop initiative. It's important to note that this is merely a preliminary concept, not yet finalized, and we are seeking feedback and suggestions from the community.
Discussion Points
Token Allocation Strategy
Role of RingDAO: Would allocating 50% of DGAI tokens to RingDAO for the RINGburndrop initiative effectively incentivize RING holders' participation and enhance community engagement?
Treasury Reserves: Would reserving the remaining 50% of DGAI in DeGov.AI's Treasury as a financial reserve for future development and operations ensure the project's sustainability?
Potential Impact of the RINGburndrop Initiative
Supply and Demand Dynamics: Could burning RING tokens to reduce their market circulation enhance their scarcity and value?
User Incentives: Would providing RING holders with the opportunity to acquire DGAI tokens encourage their participation and expand DeGov.AI's user base?
Independence and Future Collaboration
DeGov.AI's Independence: Post-tokenization, how would DeGov.AI's independence from RingDAO affect resource management and strategic planning?
Collaboration Opportunities: In an independent operational context, how can DeGov.AI maintain collaboration with RingDAO to explore mutually beneficial opportunities and jointly advance ecosystem development?
Conclusion
We present this tokenization concept with the aim of enhancing DeGov.AI's autonomy and market competitiveness. However, this also implies that we must address new challenges in resource management, community building, and market promotion. We earnestly invite the community to provide valuable opinions and suggestions on this concept to help us better assess its feasibility and potential impact.
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