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# Overview | ||
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KtonDAO is a community initiative primarily initiated and conceived by KTON holders. Although it is not yet fully formed, there have been some [forum discussions](https://github.com/orgs/dcdao/discussions/32). KTON is designed to specialize in long-term staking incentives and reward strategies, encouraging long-term commitment from network supporters. | ||
[KTON](https://coinmarketcap.com/currencies/darwinia-commitment-token/) is a token that rewards users for locking their [RING](https://coinmarketcap.com/currencies/darwinia-network/) tokens for a certain period of time. The initial supply of KTON is zero, and it is only minted when users lock their RING tokens. Once acquired, KTON can be used to participate in the Darwinia chain's staking and KtonDAO governance. | ||
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# KTON and KTON Staking | ||
On the Darwinia chain, users can choose to lock their RING for up to 36 months during the staking process. As a reward for participating in staking, the system grants users KTON. | ||
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KTON was introduce to incentive and exchange for the long commitment of RING. The initial supply of this token is zero, and it is specifically minted when a user participates in the deposit system by locking RING for a predetermined period. The comprehensive spec can be found on Darwinia [Notion](https://darwinia.notion.site/KTON-Specification-on-Different-Chains-cbb4b2f65c12421282f5f19e310a82d2?pvs=74). This serves as a incentive for contributing commitment of *RING*. Once acquired, KTON can be utilized to participate in the [KTON Staking](https://kton-staking.darwinia.network/) grogram. | ||
!!! warning | ||
Please note that users cannot unlock their RING during the committed period unless they pay a penalty of the amount of KTON they have received. Therefore, users have the flexibility to choose the lock period and receive KTON in return during the RING staking process. | ||
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Take the Darwinia chain as an example, users have the option to lock their *RING* for a maximum of 36 months during the staking process. As a form of reward for their participation in staking, the system grants users *KTON*. It is crucial to note that users cannot unlock their *RING* during the committed pledge period unless they forfeit triple the amount of *KTON* from their accounts as a penalty. Consequently, during the *RING* staking process, users have the discretion to lock their *RING* for a specific period and receive *KTON* in return. | ||
## Kton Staking | ||
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If you stake RING tokens and receive KTON, you can use those KTON to take part in the Darwinia chain's Kton staking mechanism. RingDAO will allocate 20% of its issuance to KtonDAO, which is given to KTON staking participants as an extra reward for their contribution. Participate in [Kton Staking App](https://kton-staking-v2.darwinia.network/). | ||
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## KtonDAO | ||
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KTON holders can do more than just participate in Kton Staking. They can also join a decentralized governance community, where they can discuss and submit proposals on [KtonDAO Tally](https://www.tally.xyz/gov/ktondao). KtonDAO is a community-led initiative, created and driven by KTON holders themselves. |
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# Overview | ||
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[RingDAO](https://ringdao.com/) is a upcoming DAO based using [Tally](https://www.tally.xyz/) on Darwinia Chain, intended for governing the Darwinia Chain in its next version. It is currently under development and implementation. [**RING**](https://coinmarketcap.com/currencies/darwinia-network/) will be the govenance token of RingDAO. RING has an initial supply of 2 billion tokens, and its token model can be found in [Genepaper V4](https://darwinia.network/Genepaper_v4.pdf). | ||
The governance of Darwinia chains is managed by [RingDAO](https://ringdao.com/), a decentralized community of [**RING**](https://coinmarketcap.com/currencies/darwinia-network/) holders. You can submit proposals or vote to participate the development of Darwinia chains. | ||
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## Other Projects Governed By The RingDAO | ||
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* [Msgport](https://docs.msgport.xyz/) | ||
* [XAPI](https://github.com/xapi-box) | ||
* [xAPI](https://github.com/xapi-box) |
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