Governance

Tracer DAO

Tracer is governed by a decentralised autonomous organisation (DAO). This kind of organisation lets governors (people or stakeholders that own TCR tokens) decide on changes to the protocol from anywhere in the world without a point of central control. It uses democratic voting to keep decisions fair and all its rules are open – they can be seen in the governance contract here.
Tracer DAO owns the Factory contracts and their market templates. It can change these, and some tracers (only the markets that specify DAO control), through a vote. A vote can also change the governance contract if the governors choose a new voting system or want to update some of the rules.
To have their say on proposals, governors have to stake TCR tokens in the governance contract. Once they stake, governors can vote on the proposals that other members make to the rest of the DAO.

Tracer Token (Ж)

TCR (Tracer Token) is the unique token that governs the Tracer DAO; it's used by DAO members to vote on proposals that influence Tracer's growth and trajectory. By virtue of holding (and staking) TCR, holders are entitled to participate in these votes and govern Tracer's peer-to-peer financial ecosystem. DAO members decide when and if to deploy new code, or whether existing code needs to be modified. They also control the use of treasury funds and employ of service providers.
The maximum supply of TCR is 1,000,000,000.
As of the 8th September, 2021, TCR is distributed as follows:
Entity
Current Allocation (%)
Current Allocation (TCR)
DAO Treasury
64.04%
640,400,000
Mycelium
21.50%
215,000,000
Strategic Partners
10.00%
100,000,000
Academic Advisors
1.75%
17,500,000
The initial 100 governors
1.00%
10,000,000
Yamashita
1.00%
10,000,000
Governors & Alpha Testers
0.51%
5,100,000
Flex Dapps
0.20%
2,000,000
Total
100.00%
1,000,000,000
The public distribution event has ended. See the results on the Gnosis Auction platform. TCR will be available to claim shortly.
Last modified 1mo ago