Viction Improvement Proposal (VIP) #3: TomoMasterDAO & tDAO Sunset: A Roadmap for Closure
1. Abstract
The Viction Foundation announces the formal sunsetting of TomoMasterDAO and tDAO. By fully embracing $VIC for governance, we are enhancing clarity and focus in our ecosystem’s structure. To ensure fairness, a compensation plan has been established for tDAO holders, offering a seamless transition while streamlining governance under $VIC.
2. Motivation
The decision to sunset TomoMasterDAO and tDAO is driven by the following considerations:
- Inactivity: TomoMasterDAO and tDAO have remained inactive since early 2024, with no clear roadmap or initiatives.
- Governance Transition: The Viction Foundation now fully oversees governance, rendering tDAO redundant.
- Unified Governance: Consolidating governance under $VIC simplifies decision-making and enhances participation.
- Fair Compensation: A predefined exchange rate ensures equitable compensation for all tDAO holders.
3. Impact & Benefits
The sunsetting of TomoMasterDAO and tDAO will bring several advantages to the Viction ecosystem:
- Streamlined Governance: With $VIC as the sole governance token, decision-making processes will be more efficient.
- Equitable Transition: All eligible tDAO holders will receive fair compensation at the same exchange rate as the original IDO (tDAO will be converted to VIC at a rate of 0.0125 VIC per tDAO).
- Improved Ecosystem Alignment: Consolidating governance under $VIC ensures a unified and cohesive approach to ecosystem management.
- Transparency: Clear communication channels and a dispute resolution process will ensure a smooth transition for all stakeholders.
4. Governance & Voting
To succeed, this proposal must reach a 10,000 $VIC Quorum and receive more than 50% of votes in favor of the proposal.
5. Conclusion
The sunsetting of TomoMasterDAO and tDAO marks an important milestone in Viction’s governance evolution. This transition allows for a streamlined governance framework under $VIC, ensuring long-term efficiency and alignment with the ecosystem’s goals. We appreciate the community for their understanding and cooperation during this process. Further updates, including the snapshot date and detailed instructions for compensation, will be shared across official channels. Together, we continue to build a stronger Viction ecosystem.