The community will determine the future of The Vast via The Vast DAO.  DAO members will vote on community proposals for all things Vast including game play, in-game SpaceDust distribution, and management of the DAO auction treasury.

 

Each Vast ship represents membership in The Vast DAO and is entitled to one vote in all governance matters. Vast votes are represented solely by Vast ship ownership (so if you sell your ship, your Vast membership and vote goes with it).   However, you will be able to delegate your DAO vote(s), meaning you can assign your vote to someone else as long as you own your ship.

 

The DAO treasury will receive 70% of all proceeds from the 42-day single-ship hourly auctions.  Once daily fleet pack auctions begin, the DAO treasury will receive 85% of all auction proceeds for year 1, 90% for year 2, 95% for year 3, and 100% thereafter.

 

The DAO governance will not start until after the 100th day of auctions (58th day of fleet pack auctions) has concluded.  At this time approximately 1,300 total ships will have been minted.  This will ensure a significant distribution of ship ownership and interest before any game play or DAO proposals can be created or passed.  As founders, we will also begin the DAO with a special veto right to guarantee no malicious proposals can be passed while DAO membership is relatively small.  This privilege would only be used if a proposal passed that was threatening to The Vast game or the DAO itself.