DAO governance mechanism application; meticulous personified

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DAO mechanism, fully known as Decentralized Autonomous Organization is a community-led entity with no central authority. It is well known for its fully autonomous nature and transparency.

DMEX is known for their impact in the world of mining specifically on how they have managed to curb certain impediments pertaining to mining power, cloud storage and the rest alike.

In order to achieve maximum upshot in terms of bringing solutions to these problems, the DAO mechanism was adopted.

DMEX used its transparency nature to be the driving force of its vision. In this case, each holder of native token DMC has an equal right to participate in the platform governance as well as in decision making.

The implementation occurs in two phases:

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Phase 1: Preparation phase of DMEX platform’s launch

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Phase 2: After the DAO is launched

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Phase 1 comprises the involvement of DMEX team members and consultants in order to achieve transparency in decision-making process and 7 members will be chosen for this

Phase 2 entails the implementation of DAO which allows community members to re-elect co-managers via proposal and voting mechanism thereby encouraging the autonomous aim and transparency as well