Star Atlas launched its three tier DAO governance system this week. And although solely the primary tier is reside, the principle Star Atlas DAO, this marks the start of what ought to be an attention-grabbing collection of sub-DAO launches and participant governance.
Participant DAOs (Decentralized Autonomous Group) for video games aren’t new, although only some initiatives have actively carried out them. Now Star Atlas joins that checklist, with the discharge of their Star Atlas DAO. Gamers lock POLIS tokens within the ‘locker’ for as much as 5 years to obtain voting rights within the DAO.
Star Atlas DAO
Ruled by the POLIS token, gamers acquire voting rights within the DAO by locking POLIS within the Star Atlas staking system. Voting weight, or Polis Voting Energy (PVP), relies on the variety of tokens locked, and the period of time they’re locked away. Stakers will even obtain passive earnings within the type of POLIS tokens. Sooner or later, lively participation could also be required as a way to obtain these rewards.
The DAO will govern through POLIS Enchancment Proposals, or PIPs. The Star Atlas staff is drafting PIP-1, which outlines the creation and processing of future PIPs. Passing of PIP-1 will result in a number of different PIPs detailing the group and framework of the DAO. The DAO can have voting energy over all kinds of sport growth selections sooner or later, together with new options, partnerships, and so on. However, probably, the areas of speedy curiosity would be the taxation price of sport exercise, and utilization of the DAO treasury, which presently sits at over 200 million ATLAS tokens!
Throughout the sport, there are additionally Faction and Regional DAOs. Regional DAOs cowl one star system, whereas Faction DAOs make selections for a whole Faction. These will come later, and can probably have a few of their guidelines outlined by the overarching DAO. And on high of that, guilds and different participant teams will operate like mini-DAOS in-game!
This might all result in some attention-grabbing developments. But it surely might additionally end in poisonous politics and suffocating layers of paperwork. Will probably be very attention-grabbing to observe as each a sport and social experiment!
Twin Token System
Star Atlas options two tokens, POLIS and ATLAS. ATLAS capabilities because the in-game foreign money, whereas POLIS exists on-chain for participation within the Star Atlas DAO.
In a few of my different articles I’ve questioned the necessity for 2 tokens on some gaming ecosystems. However yesterday, it lastly clicked for me. In some nations, each cryptocurrency transaction is taken into account taxable. And legally, customers are presupposed to file and report on each single one. Now, if the first in-game token was a cryptocurrency, then ALL of these in-game transactions, whether or not or not it’s upgrading a sword, or shopping for items from the market, or spending foreign money to complete your battleship, could be taxable! And that will be a nighmare for everybody concerned.
And so, when you have a token that’s in-game solely, and permit gamers to swap it out for the associated blockchain foreign money, then gamers solely see taxable occasions after they convert and money out. It makes complete sense and in addition exhibits how ridiculous some tax legal guidelines will be!
What’s Star Atlas?
Star Atlas is an upcoming space-based, massively multiplayer sport. Constructed on the Solana blockchain, all sport logic, transactions, and possession are saved on-chain. Star Atlas will likely be a grand technique hybrid house sport with serverless MMO gameplay. All gameplay runs in real-time, and makes use of the blockchain to offer gamers possession over in-game gadgets. Star Atlas plans so as to add economic-based gameplay mechanics and implement an financial system impressed by decentralized finance.
All ships, house stations, and land installations have weapons and shields for assault and protection. Players improve house stations and installations by way of neighborhood efforts. Whereas house ship commanders assign crew members to enhance the ship’s efficiency. The selection in your crew influences your profession, starting from information runner to bounty hunter.
Regardless that the official AAA sport launch is a few methods out, gamers can already select sides and stake their ships to earn rewards.