WEMIX3.0
NILE (ENG)
NILE (ENG)
  • What is NILE?
  • DAO
    • DAO
    • Introduction to Neith Protocol
      • Station
      • Obelisk
      • Treasury
      • Governance
      • Trust
      • Incinerator
      • Creator
  • Life
    • Featured Life
    • NFT Project
    • DApp Project
  • Marketplace
    • NFT Marketplace
    • Offering
    • Trading
  • NFTFi
    • NFTFi
    • Borrow
    • Lend
  • Tokens
    • Token on NILE
  • GUIDES
    • Getting Started
      • How to create wallet
      • How to connect wallets
    • Marketplace
      • Participate in English Auctions
      • Buy Now
      • List NFT for Sale
      • Make Offer
      • NFT Ownership Transfer
      • View List of Owned NFT
    • NFTFi
      • Apply for Borrow
      • Manage Borrow
      • Repay Borrow Amount
      • Bid on Lend
      • Manage Lend
      • Receive Repayment
      • Transfer NFT Ownership
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  1. DAO
  2. Introduction to Neith Protocol

Station

This is where the recruiting of DAO members and operation financing begins.

Once recruiting begins in the Station, information that users should have before participating in any DAO such as the goal of a DAO, recruiting conditions and methods of operation becomes available. Also, users can choose to participate in DAOs, and once a DAO is formed, the initial distribution of DAO Tokens to the participants takes place. Once a DAO is confirmed to be formed and the DAO Contract distributed, all of the recruited funds in Station are moved to the Treasury, the treasury of DAO operation funds, through a Smart Contract. However, if the Minimum Recruiting Funding Goal has not been reached, the DAO is not formed, and the recruited amount is refunded to each user.

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Last updated 2 years ago