DAO & voting
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onocoy’s DAO (Decentralized Autonomous Organization) and voting system are designed to ensure inclusive, transparent, and decentralized governance over time. Here's how it works:
onocoy is legally structured as a non-profit Swiss association, blending:
Legal governance (off-chain, via Swiss association law)
With decentralized governance (on-chain, via token-based voting)
This hybrid model lets them operate legally while still evolving toward a fully decentralized system.
ONO token holders participate in governance
Token holders delegate their voting power anonymously
Delegates must have known identities, ensuring transparency
This is a modified quadratic voting system:
1 ONO
1 vote
4 ONO
2 votes
9 ONO
3 votes
...
...
🔒 This limits power concentration, making it harder for whales to dominate decisions.
:
Any ONO token holder can anonymously delegate their vote to a known delegate
Delegates vote on proposals using the square-root of the delegated token power
Anyone can submit proposals (referenda or initiatives)
🧠 Delegation encourages participation without requiring everyone to vote directly.
Inclusive participation (even small token holders)
Decentralized control (progressively)
Transparency (through known delegates)
Resilience (mitigate Sybil and whale attacks)
Delegates vote on key proposals: protocol updates, reward adjustments, ecosystem decisions, etc.
Token holders govern the association itself, including electing the governance committee
Governance can evolve: future mechanisms like Borda count or approval voting may be used
Legal Entity
Swiss non-profit association
Governance Token
ONO
Voting Power Mechanism
Square-root voting (limits centralization)
Delegation
Anonymous → Known delegates
Proposal Creation
Open to all token holders
Voting System Goal
Progressive decentralization + transparency
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