What is OrisBos DAO? (Under Development)

  • OrisBos DAO (Decentralized Autonomous Organization) is the core governance mechanism in the OrisBos ecosystem. Through DAO, users can collectively participate in the decision-making and management of the platform, realizing a decentralized, transparent, and fair governance method, so that the development direction of OrisBos is jointly determined by all users, truly realizing the concept of "user co-construction, sharing, and co-governance".

  • OrisBos DAO: A decentralized future of user co-construction, sharing, and co-governance

OrisBos DAO is the core governance mechanism of the OrisBos ecosystem. Through the issuance and pre-sale of Mellion Coin (MEC), it realizes the platform's user co-construction, sharing, and co-governance concept. The introduction of this decentralized autonomous organization (DAO) not only allows users to deeply participate in the decision-making and management of the platform, but also redefines the future of global financial governance and promotes OrisBos to become a truly open, transparent, and democratic financial ecosystem.

Mellion Coin (MEC) is the core coin of the OrisBos ecosystem, which aims to provide users with reliable and efficient cryptocurrency savings and investment solutions. With the rapid development of the cryptocurrency market, users' demand for safe and high-yield savings and investments continues to grow, and the birth of Mellion Coin is to meet this demand, provide users with reliable savings and investment tools, and promote the healthy development of the OrisBos ecosystem. The limited total issuance of MEC coins fully reflects the value and scarcity of MEC in the OrisBos ecosystem, bringing long-term investment value-added opportunities to holders.

Coin Overview

  • Coin name: Mellion Coin

  • Coin symbol: MEC

  • Coin type: BEP20 standard coin

  • Total circulation: 1 billion

  • Initial supply: 100 million

Mellion Coin (MEC): Starting the Journey of Decentralized Finance

Overview

Mellion Coin is a decentralized standard coin based on BNB Smart Chain (BSC). As a core component of the OrisBos platform, it aims to promote the development of decentralized finance and promote the prosperity of the ecosystem. As an important representative of digital assets, Mellion Coin carries the mission of innovation, security and reliability, and is committed to providing users with comprehensive financial services and unlimited development potential.

  • Technical Features

Mellion Coin uses advanced blockchain technology as its underlying architecture to ensure the security, transparency and decentralization of the coin. The application of blockchain technology includes distributed ledgers, smart contracts, decentralization and encryption algorithms. These technologies ensure the openness, transparency, automated execution and security of transaction data, making Mellion Coin one of the digital assets that users trust and rely on.

  • Issuance and Supply

The total issuance of Mellion Coin is 1,000,000,000, and the initial supply is 100,000,000. The number and supply of coins are fixed, which means that as the ecosystem develops and the number of users grows, the value of Mellion Coin will continue to grow.

  • Purpose and scene application

As the key currency of the OrisBos ecosystem, Mellion Coin plays an important role in multiple scenarios:

  1. Paying handling fees: When participating in the OrisBos Savings queue, users need to pay Mellion Coin as handling fees. These handling fees are used as ticket fees for rotating income applications, aiming to incentivize and reward participants, and help to scarcity the supply of Mellion Coin, and enhance the value and stability of the coin. By paying Mellion Coin handling fees, users can participate in the OrisBos Savings business and contribute to the sustainable development of the ecosystem.

  2. Decentralized leasing and staking: In the future, users can use Mellion Coin as collateral to participate in the leasing and staking of OrisBos , and realize the flexible leasing and income growth of digital assets.

  3. OrisBos Wallet (not yet released): OrisBos Wallet is a cryptocurrency wallet dedicated to secure management and convenient transactions. Mellion Coin will become its core token, providing users with comprehensive DeFi services and trading functions.

  4. Asset transfer and trading: Holders can freely buy, sell, and transfer Mellion Coin on permitted exchanges or platforms to realize the free circulation and trading of assets.

  5. Anonymous settlement: Mellion Coin will play an important role in the settlement of OrisBos Ecological 2.0 coin-mixing chain, realizing anonymous settlement of transactions through coin-mixing services and protecting users’ transaction privacy and security.

  • Value and prospects

As the OrisBos ecosystem continues to develop and its user base grows, Mellion Coin will become the core currency in the ecosystem, with broad application prospects and unlimited value growth space. Through its security, transparency and efficiency, Mellion Coin will lead users to embark on a decentralized financial journey, achieve wealth appreciation and secure preservation of digital assets.

Functions and Roles of OrisBos DAO

  • Ecological governance

MEC token holders can vote on important matters of the platform, such as new product launches, profit distribution ratio adjustments, community incentive plans, etc., and directly participate in the management and development of OrisBos.

Valid proposals put forward by users will be executed by smart contracts after the vote is passed, which is completely decentralized and without human intervention.

  • Fund management

DAO transparently manages funds within the OrisBos ecosystem, including the distribution of platform revenue, the use of community incentive funds, and the formulation of ecological expansion budgets.

The flow of funds is open and transparent, and all transaction records can be queried on the blockchain.

  • User incentives

Users holding MEC not only enjoy governance rights, but also can obtain multiple incentives such as platform dividends and ecological rewards to enhance user participation and loyalty.

Through DAO, more users are encouraged to participate in platform construction and achieve sustainable development of the ecosystem.

  • Risk management

In market fluctuations or emergencies, DAO can quickly organize voting to decide on response plans, such as adjusting the revenue mechanism, suspending specific functions, etc., to protect user rights and platform stability.

The role of Mellion Coin (MEC) in OrisBos DAO

  • 1.Governance Token

MEC is the governance token of OrisBos DAO. Holders can directly participate in platform governance through voting rights.

Each MEC represents one vote. Users can vote on proposals and decide the direction of platform development.

  • 2.Profit Distribution

MEC holders can share the profits of the OrisBos platform according to the proportion of tokens held and enjoy the growth dividends of the decentralized financial ecosystem.

OrisBos DAO’s core features

1.Decentralized governance

  • OrisBos DAO abandons the traditional centralized management model. All important decisions are jointly decided by community members through voting or proposals.

  • There is no single manager or organization, and power is completely distributed in the hands of each user.

2.Smart contract driven

  • All governance rules and proposal execution are completed by smart contracts on the blockchain, avoiding human intervention and ensuring transparent and automated processes.

  • Smart contracts record all decision-making and voting data to ensure that the results are public and cannot be tampered with.

3.Community participation and incentives

  • Users can participate in voting and proposals by holding OrisBos governance tokens.

  • To encourage user participation, DAO will give rewards based on governance contributions, such as revenue sharing or token incentives.

4.Fairness and transparency

  • Regardless of user identity, region or fund size, every user has equal voice and voting rights to ensure fairness in governance.

  • The decision-making process and fund usage are completely open and can be viewed by anyone.

The Role of OrisBos DAO

1.Platform governance

  • Determine the priority and direction of platform function development, such as new investment products, profit distribution rules or fee adjustments.

  • Determine platform partners and market expansion plans through voting.

2.Fund management

  • Supervise the allocation and use of OrisBos ecological funds to ensure transparent fund flows and maximize benefits.

  • Establish a community fund to support innovative projects or community activities.

3.Ecological incentives

  • Promote community co-construction, promote the sustainable development of the OrisBos ecosystem by voting to select supported projects or activities.

  • Incentivize ecological contributors such as developers and promoters to enhance community activity.

4.Risk management

  • When the market undergoes major changes or faces potential risks, DAO can quickly organize voting and take countermeasures, such as adjusting the rate of return, suspending specific functions, etc.

The significance of OrisBos DAO

1.Enhance user trust

  • Through a decentralized and transparent governance model, eliminate users' distrust of platform decisions and allow every user to become part of the ecosystem.

2.Realize true decentralized finance (DeFi)

  • DAO gives users governance power, breaks the monopoly of traditional finance and centralized platforms, and realizes the core value of DeFi.

3.Promote ecological prosperity

  • The deep participation of users has promoted the continuous optimization and expansion of OrisBos , creating a more open and inclusive financial ecosystem.

Summary:

OrisBos DAO is a user-driven governance model that gives every user equal participation and decision-making rights. Through smart contracts and decentralized architecture, OrisBos DAO not only achieves transparent governance of the platform, but also enhances users' trust in the platform and promotes the construction of a more open and shared financial ecosystem.

PreviousWhat is a Savings Box? (Under Development)Next📕 Get Start with OrisBos

Last updated