📔 Project Governance

4.1 Project Governance

The governance framework of Eternal Moon is designed to allow both financial and non-financial contributors to actively participate in the platform's growth. This model aims to convert intangible social value into tangible social capital through decentralized governance mechanisms.

The governance system operates through three primary entities:

1. Strategic Council – Oversees high-level decision-making.

2. Operations Committee – Manages platform functionalities and infrastructure.

3. Community Assembly – Represents and voices community interests.

Roles and Governance Assets

Governance Assets & Voting Power

• $ETM (Utility & Governance Token) – Used for governance decisions and staking.

• Operations NFT (ONFT) – Grants access to operational decision-making.

• Community Participation Token (CPT) – Represents community engagement and voting rights.

4.1.1 Strategic Council

The Strategic Council serves as the primary decision-making body responsible for setting key project policies and governing platform operations. $ETM token holders participate in governance through a voting mechanism based on token holdings.

Key Authorities:

• Formulating platform governance policies.

• Adjusting reward structures in the Liquidity Pool.

• Defining roles and responsibilities of the Operations Committee and Community Assembly.

• Allocating project funds and setting investment policies.

• Approving new features and ecosystem expansion initiatives.

4.1.2 Dual Governance System

The dual governance system ensures a balanced decision-making structure by incorporating both operational and community-driven governance models. It consists of:

4.1.2.1 Operations Committee

The Operations Committee is responsible for managing the platform’s technical and infrastructural development. Holders of Operations NFTs (ONFTs) are eligible to participate in governance processes.

ONFT Issuance Model:

• Distributed to content creators and project operators contributing to the platform.

• Issued as both transferable and non-transferable NFTs, depending on governance criteria.

Key Responsibilities:

• Defining content and feature development direction.

• Adjusting NFT and token distribution models.

• Voting on the addition of utilities and services within the platform.

4.1.2.2 Community Assembly

The Community Assembly serves as a governance entity for general users, enabling them to actively influence platform decisions. Governance participation is facilitated through Community Participation Tokens (CPTs).

• CPTs are non-transferable tokens (NTTs) awarded to users who actively contribute to the community.

Key Responsibilities:

• Participating in governance votes on platform policies.

• Proposing and influencing new features based on community feedback.

• Ensuring content quality control and promoting community engagement.

4.1.3 Platform Treasury

All revenue generated within the ecosystem is accumulated in the Platform Treasury to ensure long-term sustainability.

Revenue Streams:

• Fees from NFT and digital content sales.

• Profits from music albums and merchandise sales.

• Transaction fees incurred within the platform.

• Advertising and brand collaboration programs.

Fund Utilization:

• Distributed as rewards to $ETM holders based on governance decisions.

• Invested in new projects and technology development.

• Used for token burning and buyback mechanisms to stabilize the token economy.