🎙Neko Morning Show Season 6 Episode 4 recap 🔹️ Hosts: Soos & Nono 📌 TOPIC: NEAR Protocol Approach to the Future of Web3 Governance. 🔰 GOVERNANCE ON NEAR PROTOCOL 🔸️Governance in the NEAR Protocol is anchored on the community. The community defines how everything works from funding to budgeting, policies and plans, etc. 🔹️This governance is powered by a voting system, where users are free to vote for any individual "OGs" to represent them at any particular house. 🔸️Users who have proof to be a human and minted the I-Am-Human Soul Bound Token (SBT) were allowed to vote in the last election. 🔹️The OGs are also normal NEAR users who have been in the ecosystem for some while and probably built a platform that made them famous and influential. 🔸️Therefore, it's safe to say the community controls the ecosystem through the representatives they voted for called "OGs" in the NEAR DIGITAL COLLECTIVE (NDC). 🗳 I-AM-HUMAN VERIFICATION ▪️To verify for I-Am-Human, you need to go to The I-Am-Human site connects your NEAR-compatible wallet and gets started. ▫️ So you get the verification that proves you are a human and also you get a Soul bound token ( a nontradable and nontransferable token) as a receipt of the verification. 🫂 NEAR DIGITAL COLLECTIVE (NDC) 🔸️The NEAR Protocol is governed by its community through the NDC which consists of three main roles; 1️⃣ House of Merit(HoM): HoM is in charge of allocation, treasury, and deploying capital. They design the budget and vote on it. ▫️ For example, if a builder needs funding for their work, it's important to first get approval from HoM. However, HoM doesn't guarantee the final approval; this brings in the CoA. ▪️The HoM consists of 15 seats for 15 people. 2️⃣ Council of Advisor(CoA): The CoA will thoroughly review the HoM's work. In cases where HoM approves a funding proposal, it is the responsibility of the CoA to decline it if, after going through it, it doesn't meet the criteria for approval. The CoA consists of 7 seats for 7 people. 3️⃣ Transparency Commission(TC): TC oversees the work of various NDC branches ensuring every component does its responsibilities. ▪️The TC consists of 7 seats for 7 people. 🤔However, other components of the NDC are also important; 🔹️Voting Body: This consists of all the fair voters who participated in the NDC elections and rightfully received the I-voted Soul Bound Token. 🔸️Gaming DAO: this focuses mainly on the gaming projects in the ecosystem and is governed by folks with deep expertise in gaming. Any gaming project could apply for funding from the DAO. 🔹️NFT DAO: also focus on NFT in the ecosystem, with seasoned NFT people at the Governance to help shape up NFT in the space. Any NFT project can apply for funding from the NFT DAO. 📝N.B: Any DAOs can be approved by the NDC if its objectives are by the NDC, which are centered on onboarding new users, increasing transactions, mass adoption, and so on. 🔄 All of this voting process takes place in the Blockchain Operating System "BOS". The BOS is the home for all NEAR applications. More like a portal for everything on NEAR. 🧸 NEKO GENESIS PLUSHIES MINTING. ▫️The NEKO GENESIS PLUSHIES consist of 250 plushies housing a feline design famous to the NEKO. ▪️ These will be minted for 25 $NEAR first by those who were plush-listed (whitelisted). ▫️The cost of 25 $NEAR includes both the NFT minting fees and delivery fees, ▪️there might be extra delivery charges for individuals residing outside the US and Canada. ▫️Plushies not minted within the designated time window allowed for minting will be made open to the public, and this minting will be based on a first-come, first-served. ▪️The Plushies minting started at exactly 4 pm UTC on the 17th of January, 2023 and the window will run for 24 hours before being thrown to the public. ▫️Holding the Plushies might lead to fun future surprises. #NFA #DYOR 🦘JUMPDEFI 🔸️As announced and promised, two random participants of the private sale and public sale have a chance to win some whooping cash price of $5,000 and $10,000 respectively for every entry in the sale. 🔹️JumpDeFi picked the winners of both the private sale and public sale of the JUMP Token in a transparent random process which the process was shared online on 17th of January, 2024. 🔸️The winner of the private sale: betterthanether.near 🔹️And winner of the public: ktxfauzy.near. Those are the lucky champs 🏆, it pays to be a Jumper. 📍JUMP Token has been whitelisted on REF FINANCE, this simply means better visibility for JUMP, you don't need to keep finding JUMP on the platform or using contracts to pull it out. 🔸️ You can just search the word JUMP and it immediately pops out. 🌼 You can catch up with the NEKOMORNINGSHOW every Tuesday and Thursday for yet another interesting episode of the show🌼