Gero DAO: Participate in the future of Gero Governance

Updated: Dec 3

Dear Gero Community,

We are thrilled to announce the launch of Gero DAO on the Cardano blockchain, powered by Clarity. This milestone signifies a pivotal step in our journey toward decentralized governance and community-driven development within the Gero Dashboard ecosystem.

What is Gero DAO?

Gero DAO is a Decentralized Autonomous Organization (DAO) that enables $GERO Token holders to actively participate in the Gero ecosystem's decision-making processes. By leveraging the security and scalability of Cardano and the transparency of Clarity's smart contract language, we’re providing a clear and efficient platform for community governance. As part of our crypto governance initiative, Gero DAO creates a secure, community-led environment for blockchain transactions and ADA token holders.

DAO Participation Requirements

To ensure fair and effective governance, the following blockchain rewards program guidelines have been established:

Tokens Needed:

Proposal Creation Threshold: A minimum of 3,000,000 $GERO per wallet is required to create a proposal.
Proposal Execute Threshold: A proposal requires a total of 20,000,000 $GERO votes for "Yes" to be executed.
Voting: Participants need at least 100,000 $GERO to cast a vote.
Maximum Proposals Per Stake: Each stakeholder can have up to 3 active proposals at any given time.

Time Frames:

Proposal Draft Time: 24 hours
Proposal Vote Duration: 14 days
Measure Vote Time: 10 days within the voting period
Locking Duration: 24 hours (tokens used for voting are locked during this period)
Time Allowed to Act on a Passed Measure: Maximum of 180 days
Vote Cooldown Period: 1 hour between votes
Vote Transaction Time Range: 1 hour to complete the transaction
Create Proposal Transaction Time: 1 hour to submit a proposal

Gero’s Tokenomics:

Total $GERO Supply: 500,000,000 $GERO
Circulating Supply: 348,881,527 $GERO
Team Ownership: Approximately 20%

How to Get Involved?

Hold $GERO Tokens: Ensure you meet the token requirements for creating proposals or voting within this decentralized finance (DeFi) solution.
Connect Your Wallet: Use a compatible Cardano wallet or multi-chain wallet to interact with the Gero DAO platform. You can download the Gero Dashboard from the Chrome Web Store here.
Participate in Governance: Create proposals, vote on existing ones, and engage with the community in shaping crypto asset security.
Stay Informed: Keep track of proposal timelines and participate within the specified time frames to maximize ADA rewards.

Why Join Gero DAO?

By joining Gero DAO, you become an integral part of shaping the future of our Cardano-based wallet ecosystem. Your voice matters, and together, we can drive innovation, transparency, and growth within the Gero Wallet community and the broader Cardano ecosystem. For more information, join our community and stay connected!

Get Started Today

Connect your wallet that holds your $GERO tokens at https://www.clarity.vote/