8 Governance

FortuneHunters governance is designed to be participatory yet protective. It blends the nimbleness of Snapshot off-chain voting with the security of on-chain execution via a time-locked treasury. Below we detail the proposal lifecycle, role hierarchy, conflict resolution, and future upgrades.


8.1 Governance Philosophy

  1. Seeker-Centric — Each fortune reading should indirectly influence protocol direction via popularity signals.

  2. Skin-in-the-Game — Voting power derives from staked (not idle) $FORTUNE to align long-term incentives.

  3. Progressive Decentralisation — Core team retains safety veto in Year 1, sunsets automatically after Year 2 audit.


8.2 Roles & Powers

Role
Entry Requirement
Key Powers
Typical Actions

Fortune Seeker

Hold ≥ 1 $FORTUNE

Feedback, festival participation

Upvote lore ideas, claim quests

Apprentice Mystic

Stake ≥ 10 000 $FORTUNE

Validate AI readings, minor votes

Dispute accuracy, review proposals

Master Oracle

Stake ≥ 1 000 000 $FORTUNE + KYC

Open proposals, major votes, validator slashing

Launch new festival season, budget grants

Fox Council

Top 9 Master Shamans by reputation

Emergency multisig (3/5)

Pause contracts on exploit detection

Reputation Score is an off-chain metric based on fortune validation accuracy, streak support, and community contributions; resets quarterly.


8.3 Proposal Lifecycle

graph LR
A(Draft) --> B(Rage-quit Review)
B --> C(Snapshot Vote)
C --> D(Timelock Queue)
D --> E(On-chain Execution)
  1. Draft (72 h) — Proposer outlines change on forums; must lock 5 000 $FORTUNE to avoid spam.

  2. Rage-quit Review (48 h) — Stakers can exit if they disagree sharply, ensuring soft opt-out.

  3. Snapshot Vote (96 h) — Quadratic weighting till 100 k stake; linear above.

  4. Timelock Queue (48 h) — Smart contract queue; Fox Council can only delay once (24 h) in emergencies.

  5. Execution — Aragon OSx plugin triggers contract upgrades or treasury transfers.

Example Proposal Types

  • Parameter Change — Adjust festival streak multiplier.

  • Budget Allocation — 50 000 $DREAM grant to neuroscience study.

  • Protocol Upgrade — Migrate NFT standard to 721A.


8.4 Treasury Mechanics

  • Safe Structure — 3/5 multisig (Fox Council) + 1/1 timelock executor.

  • Asset Mix — BTC (40 %), $FORTUNE (30 %), USDC (20 %), ETH LSDs (10 %).

  • Reporting — Monthly transparency report auto-posted to GitBook via GitHub Actions.

Revenue Sources

  1. 2 % cut from every secondary Fortune NFT trade.

  2. 0.5 % swap fee from points → $FORTUNE conversions.

  3. Validator slashing fines.

Spending Rules

  • No single transaction >5 % of treasury without Fox Council super-majority.

  • Grants above 50 000 $FORTUNE require two-phase vote (rough + final).


8.5 Conflict Resolution

Scenario
Path

Reading Dispute

Apprentice submits evidence; Master quorum reviews via 3/5 stake.

Contract Exploit

Fox Council pauses contracts; emergency fund migrates.

DAO Deadlock

Last-resort community fork: snapshot of fortune scores + token balances exported to new chain.


8.6 Future Upgrades

  1. Soul-Bound Badges — Non-transferable NFT for governance reputation.

  2. Real-Time Param Tuning — Chainlink Functions to auto-adjust fees based on marketplace volume.

  3. Cross-DAO Alliances — Shared voting power with K-culture projects like MetaKongz.

FortuneHunters envisions governance as mystical as the fortunes it reveals—ritualistic, transparent, and ever-evolving.

Proposal Flow

Draft → Rage-quit Review → Snapshot Vote → On-chain Execution
  1. Draft — Anyone with 1 % circulating $FORTUNE may draft a proposal.

  2. Rage-quit Review — 72 h period where stakers can exit before voting.

  3. Snapshot Vote — Off-chain voting weighted by staked $FORTUNE.

  4. On-chain Execution — Successful proposals queued and executed via timelock.

Treasury Uses

  • Liquidity incentives and buy-backs

  • Grants for academic dream researchers

  • Cultural events and K-POP collaborations

Community Roles

Role
Requirement
Power

Fortune Seeker

Hold ≥ 1 $FORTUNE

Submit feedback, access festivals

Apprentice Mystic

Stake ≥ 10 000 $FORTUNE

Validate AI readings, minor votes

Master Oracle

Stake ≥ 1 000 000 $FORTUNE + KYC

Open proposals, major votes

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