SeeleN Releasing DAO Ecological Governance Token SNP to Help Industrial Autonomy and Sustainable Development

Seele
3 min readOct 12, 2020

With the announcement of SeeleN Industrial Asset Value Exchange Platform, the industrialization process of the project is further accelerated. In order to better conduct industrial ecological governance, SeeleN platform adopts DAO governance model to solve various problems caused by too many levels and unclear rights and interests of all parties in the traditional governance process, forming an “industrial autonomous ecology” on the platform. The ecological governance token SNP came into being under this background to ensure that the platform users can effectively exercise their voting rights and income rights.

SeeleN Adopts DAO Governance Model

DAO refers to a decentralized autonomous organization that maintains operations through smart contracts and encodes transactions and rules on the blockchain to achieve openness, fairness, unmanned intervention, and autonomous operation. With the help of the distributed governance ecosystem architecture, SeeleN can ensure that the super nodes can have fully decentralized voting rights and income rights, and can conduct community governance in an open and transparent manner.

SNP Logo

SNP, as the ecological governance token of SeeleN platform, can be obtained by staking SEELE or other assets. Under the POS model, SEELE guarantees the normal operation of the basic functions of the public chain, while SNP is the core embodiment of the voting rights and income rights of all participants of the platform, including platform governance related to the selection of super nodes, income distribution, project selection and parameter formulation, and other platform governance related rights and interests, which will be fully exercised by SNP. Even ordinary users who are not super nodes can also choose SNP to obtain super node revenue.

After the issuance of SNP, most of the rewards will be used for users’ staking mining, and it will be released immediately in accordance with the rules. The rest will be used for industrial ecological construction.

SNP will Play an Important Role on Open Financial Platforms

The first application scenario of SNP is SeeleN’s upcoming open financial platform product. SNP will serve as the basic proof of platform revenue and governance, that is, the platform DAO governance token, to ensure that token holders can obtain benefits and exercise power through multiple modes, so as to stimulate more users to join and further develop the platform. In the next development of SeeleN, SNP will play a more important role as the whole ecological DAO governance token.

Industrial development has always been the core path of SeeleN. Through the unique industrial advantages of the project, open financial platform products will also have unique industrial characteristics. The issuance of SNP will help the industrial development of platforms and projects and complete the construction of autonomous ecology.

About SeeleN:

The full name of SeeleN is Industrial Asset Value Exchange Platform, which is composed of the integration of Seele public chain, industry capital-finance capital coupling module and industrial applications. Seele public chain adopts POS BFT consensus mechanism and unique privacy computing technology, which is more mature, stable and comprehensive. The industry capital-finance capital coupling module integrates digital identity systems, asset issuance management systems, and programmable transaction service systems to provide structural protection for industrial applications. SeeleN introduces the concept of DAO community governance, realizes dual-token ecology through governance token and functional token, and uses healthcare, finance, and trade as the main application scenarios to promote the vigorous development of industrial asset value.

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Seele

SeeleN DAO is a collaborative autonomous ecology based on the SeeleN public chain and co-created by the ecological community.