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description: Featuring DAO and AltDAO
---

# Decentralized Autonomous Organization (DAO)

![](https://1280662744-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FAWNd3pvAkDeKW27cfAzv%2Fuploads%2FICXxMXa7F2dEo8msF7Ex%2F21.PNG?alt=media\&token=f2987a9e-c53d-40ea-8492-b32ad329c51c)

The VVG DAO will be based on smart contracts built on the Binance Smart Chain, and in the future, cross-chain to support our massive expansion. Smart contracts will be used to automate the functions of the VVG including reward issuance, governance, development, and advanced functions such as NFT assets management.

## Security

All DAO’s assets such as tokens & NFTs are managed by the VVG DAO Treasury. Assets can only be moved from the treasury by DAO participants with the course of action determined by a vote, and when the majority signs on a transaction.

## VVG Token

To kickstart the DAO’s launch, VVGUILD is issuing a governance token named VVG. Further information on the purchase of VVG Token will be released at later stages.

Holders of the VVG token will be allowed to vote on decisions related to the VVG’s business and governance, as well as to participate in special DAO-related activities.

![](https://1280662744-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FAWNd3pvAkDeKW27cfAzv%2Fuploads%2FF9PKjGleRaNKb9MZzJGC%2F3.PNG?alt=media\&token=1b204dc7-0754-47df-9e66-430348a3163c)

While each of these groups plays an important role in the VVGUILD ecosystem, the community will always be the primary focus of the DAO. Up to 45% of all VVG tokens have been designated for distribution among community members through a variety of means.

To demonstrate the core team’s commitment for the long term success of VVG, the token distribution for the core team will be subject to the strictest vesting period. Further information will be released at later stages.

### Governance issues to be voted upon

* Technology implementations
* Products and Services
* Token distribution
* Governance structure

### **Opportunities for Guild Members and Community to earn VVG Token**

* Airdrops
* Bonus rewards for best gamers
* Level-up and loyalty rewards
* Rewards for contributions to DAO management
* Staking rewards

The VVG DAO’s success ultimately depends on its ability to offer an effective reward system. The system must incentivize members to use their abilities in a way that benefits the DAO while also remaining able to adapt to changes in technology and market trends. To better equip VVG DAO to do this, we introduce the AltDAOs.
