1 Token Does NOT equal 1 Voice: Rethinking DAO Governance 

Everyone's raving about 1 token = 1 vote in DAOs, but hold on a sec! ✋

🏆 Healthier and happier life for everyone
😀 Elata Biosciences - Co-founder

What about whales with mountains of tokens, drowning out the voices of the passionate minority?

This system can lead to votes where 30 people scream "NO!" but 3 whales with more tokens than the other 30 voters say "YES!" and... the whales win.

Is that truly community-driven governance?

Let's imagine a better future for DAOs! 

Here's why 1 token = 1 vote falls short:

1. Whale Power:

A few rich players control the outcome, stifling diverse voices.

Say goodbye to true community participation.

But that is only the first issue:

3. Gaming the System: 

People might buy tons of tokens just to swing a vote, not because they believe in the project. 

GIF: (Not cool)

Here are some options to fix DAO voting:

Reputation-Based Voting: 

Reward active, engaged community members with more voting weight.

Let the most knowledgeable voices guide the DAO!

What else?

Quadratic Voting: 

Allow people to "burn" tokens to amplify their vote.

This empowers passionate individuals while preventing whales from buying dominance.

Of course, we can also find a balance and utilize:

Hybrid Systems:

Combine token ownership with reputation or skin-in-the-game mechanisms where one stakes tokens upon voting.

This creates a balance between investment and community voice.

Imagine a DAO where:

2. Short-Termism:

Whales might prioritize immediate gains over long-term vision.

This can hurt the DAO's growth and sustainability.

And what about the integrity of the system?