Token Eligibility Explained:
Getting started: We understand this model is innovative and may require some time for new users to understand, with this in mind Your first calendar month in the iN8 DAO there is a grace period for new members achieving their token eligibilty threshold.
Examples:
- You Join: January 2, 2025. Your first month of required token eligibility is February, thus you must have your 50 DAO points by February 28, 2025.
- You Join: January 30, 2025. Your first month of required token eligibility is also February, thus you must have your 50 DAO points by February 28, 2025.
In both examples above a NEW member joined in January (their first calendar month), so token eligibility must be achieved by the last day of February.
Moving forward a member must achieve their 50 points by the end of each calendar month, which will qualify them for the next calendar month.
- Your 50 points achieved in February will keep you qualified all of March.
- Your 50 points achieved in March will keep you qualified all of April.
If you do not achieve your 50 DAO points by the end of the calendar month, your Token Eligibilty will be suspended, (until you achieve active participation) this means your DAO seat will not produce token rewards during this time.
Once you achieved your 50 points you can contact the DAO Support via email: [email protected] and manually report your remedial participation, once this is done and our team has verified you arre actively participating in DAO governance your Token Eligibilty will be reinstated with 48 business hours.
Please note: we are not responsible for any lost token distribution during this time, and it is your sole responsibility to ensure you are token eligible from month to month.
