DAO Participation

Cypher Blockchain is establishing a Decentralized Autonomous Organization (DAO). All validators will be automatically enrolled as members of this DAO. The DAO will play a crucial role in decision-making processes, including project grants and fund allocations.

Cypher Grant Program

As part of our commitment to community involvement, validators will have the opportunity to participate in the Cypher Grant Program. This program allocates 4% of the Total Supply to the Cypher Foundation. Validators, along with the Foundation, will collectively decide on project grants through DAO voting.

Distribution

The Cypher Foundation and Node Validators will share the 4% allocation in a 30%-70% ratio. This ensures that a significant portion (70%) is earmarked for validators, serving as a strong incentive for their continued participation and contribution to the network.

Validator Positions

The release of Node Validator positions will occur in multiple phases, allowing for a gradual and controlled onboarding of validators to ensure network stability.