What Is Mix Marvel (MIX)?
The Company envisions launching a future token, commonly referred to as a cryptocurrency. The future token is envisioned to be based on the Ethereum blockchain. The Ethereum blockchain is still in a relatively early stage of development and is not entirely proven. Any malfunction, flaws, breakdown or abandonment of the Ethereum blockchain may have a material adverse effect on the Company’s plans contained in this Mix Marvel. Advances in code cracking, or technical advances such as the development of quantum computing, may present risks to the Company. All forms of participation in cryptocurrencies involve risk.
Cryptocurrencies are the subject of regulatory scrutiny by government authorities and other regulatory bodies around the world, and the Company could be adversely affected by one or more Mix Marvel or actions. None of the content published in this Whitepaper constitutes a recommendation that any particular cryptocurrency, including the Company’s future token or related activity defined herein, is suitable for any specific person. None of the information provided is intended to advise you personally concerning the nature, potential, value or suitability of any particular cryptocurrency or any other matter.
Mix Marvel Storage Key Points
|Coin Name||Mix Marvel|
|Circulating Supply||4.70B MIX|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Mix Marvel would like to express your sincere gratitude and appreciation to you for your continued support, enthusiasm, feedback, immense knowledge, valuable contributions, and volunteering. Thanks to your vote in the SingularityNET Phase 2 proposal, Singularity DAO will exist and will enrich the future of finance through a Decentralized Autonomous Organization enabling AI-powered DeFi portfolio’s.
Background & Motivation
Representative democracy – the familiar kind where you elect a representative to speak for your interests – gets valid criticism for creating a specialised management class whose interests aren’t the same as those of the voters. It was always your aim for Singularity DAO to be governed by its users. But this requires careful design; democracy is an ideal which can and has been subverted. The opposite is direct democracy where everybody votes directly on the issues with no intermediary.
This is a purer way of giving people a voice, but brings a new problem the average voter doesn’t have time to read every proposal and consider both sides in detail. Liquid democracy combines the strengths of representative and direct democracy. Users can
vote directly on proposals if they have the time and interest in doing so, or they can delegate their vote to a representative to make decisions for them.
Mix Marvel Users can take a hands-on approach and make all decisions for themselves, or they can save their time and entrust those decisions to someone else. This allows the DAO to make ongoing changes to its own functioning without a centralized controller or commander. Proposals to be voted on can be proposed by the Singularity DAO team in the first phase, with this power being given to the community further down the road.
The SingularityDAO Governance Token
The Singularity DAO Governance Token, Mix Marvel, is an ERC-20 utility token on the Ethereum blockchain that grants access to the Singularity DAO protocol. SDAO has utility in granting rights to participate in DAO governance voting events on the SingularityDAO protocol. Through several utility functions the SDAO Governance Token can interact with the Singularity DAO Protocol smart contracts.
Owners of SDAO tokens can participate in Singularity DAO governance votes at all times, either through your own interaction with the Governance Proposals’ smart contract, or indirectly by delegating your Voting Function to another wallet on the Ethereum blockchain. When voting power is delegated to you, you do not own SDAO tokens, but temporarily have their voting power. If the SDAO token holder reverses this delegation, or if the tokens are transferred, the delegate loses their voting power.
Progressive Decentralization of Creation of Proposals
The right to create Mix Marvel Governance Proposals, and submit these for voting to the Singularity DAO token holding community, will be rolled out in a phased manner,
progressively decentralizing access to this function to the wider community. In the first 12-month phase of the Singularity DAO protocol, the right of Creation of Proposals is reserved for the founders only. During this phase welcome proposals in the community forum; a process will be defined for structuring and formalising these proposals.
Also during this phase, they want the Singularity DAO community to prepare for Phase 2 of the process, namely the introduction of the Creation of Proposals for recipients of delegated votes. In this phase, the DAO team will also prepare the vote on definitions of voting events (outlined in more detail in the next section), which is required to pass before moving.
Types of Voting Events and Turnout Criteria
At the end of Phase 1, Singularity DAO will host a Voting Event to formalize the types of voting events and their acceptance rates, rejection rates, blanco vote disqualifications, and turnout criteria in the Singularity DAO Constitutional Code. There are various types of voting events that may occur in the future of Singularity DAO. Some of these voting events may pertain to fairly standard protocol updates, whilst others could be considered a constitutional change to the Mix Marvel protocol.