⚖️Governance Structure
The governance model of Project Merlin is designed to ensure that decision-making is transparent, community-driven, and efficient. It combines DAO-based voting, task-based participation, and on-chain execution to create a fair and inclusive ecosystem.
1. Core Principles
Project Merlin’s governance is built on three core principles:
Decentralization – No single entity controls the ecosystem.
Transparency – All proposals, votes, and results are publicly recorded on-chain.
Merit-Based Rewards – Active participants are rewarded based on measurable contributions.
2. Key Governance Components
a. Project Merlin DAO
The central decision-making body where Community NFT holders vote on proposals that shape the ecosystem. The DAO decides on:
Which startups receive funding (Camelot & Excalibur Grants)
Ecosystem budget allocations
Platform improvements and feature priorities
Strategic partnerships and integrations
b. Community NFTs
Owning a Community NFT is mandatory to participate in governance. NFT holders:
Gain voting rights in all DAO proposals
Earn rewards through the Vote2Earn program
Receive exclusive benefits such as presale whitelists and airdrops
c. Vote2Earn (V2E) System
A gamified governance incentive program:
Members earn points for voting on proposals and completing assigned governance tasks.
Points are converted into MRLN token rewards every quarter, provided the DAO Treasury exceeds 30% of the total token supply.
d. Proposal Types
Camelot Proposal – Early-stage funding grants of $25,000 in MRLN tokens.
Excalibur Proposal – Exclusive grant program for high-potential startups, with funding exceeding $500,000 and additional partnership benefits.
3. Governance Workflow
Proposal Submission
Startups submit funding requests via Raven Message (for Camelot) or Grant Submission Form (for Excalibur).
Submission fees are paid in MRLN tokens.
Shortlisting Phase
DAO members review and vote on proposals.
Proposals with the highest votes move to the final stage.
Final Voting
DAO members vote again to select winners.
Votes are weighted equally—every NFT holder has the same power.
Funding & Execution
Approved proposals receive grants directly from the DAO Treasury.
Funds are disbursed on-chain to ensure transparency.
Rewards Distribution
DAO members earn V2E points for participation.
Points are converted into MRLN rewards every quarter.
4. Benefits of the Governance Model
Equal Voice – Every NFT holder has equal voting power, preventing centralization.
Transparent Process – All actions are verifiable on-chain.
Incentivized Participation – Members are rewarded for being active, not just for holding assets.
Startup Support – Funding is allocated based on community decision, ensuring projects meet real user demand.
Scalability – The system can integrate future proposal types and new decision-making modules without disrupting current operations.
5. Mission & Vision of Governance
Mission – Empower the global Web3 community to collaboratively build, fund, and scale projects through a fair and transparent governance model.
Vision – Create the world’s most effective DAO-driven ecosystem, where every vote counts, every participant benefits, and every decision is community-led.
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